Global eSIM Market

eSIM Market Size, Share, Growth Analysis, By Solutions (Hardware, Connectivity Services), By End User (Consumer Electronics, Manufacturing), By Application, By Type, By Region - Industry Forecast 2025-2032


Report ID: SQMIG50B2011 | Region: Global | Published Date: December, 2024
Pages: 260 | Tables: 93 | Figures: 74

eSIM Market Dynamics

eSIM Market Drivers

Increasing popularity and usage of M2M applications is boosting the eSIM market

  • The eSIM card is a type of key facilitator for M2M devices that include seamless connections for all the types of linked devices.
     
  • Embedded SIM is capable of hassles free switching network carriers, increased relativity, and runs in a controlled and safe and secure environment. There is no risk of losing data while switching from one device to another. All these factors are likely to help in the growth of global eSIM market in the upcoming years.
     
  • Asia Pacific and Europe are expected to play an important role in the growth of global market through their wide range of adoption across countries. For instance, in China, one third of all smartphone users now use eSIMs.

eSIM Market Restraints

Critical methods of security can slow down and hinder the market growth

  • Due to rapid increase in technology, increase in device penetration and M2M devices, it becomes so critical to maintain safe and secure communication among linked devices.
  • Ensuring the integrity of these devices has requires quite an effort. eSIM captures and maintains mobile network operator credentials in the device’s in-built software, which is vulnerable to different security breaches.
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FAQs

eSIM Market size was valued at USD 12.6 Billion in 2023 and is poised to grow from USD 14.68 Billion in 2024 to USD 49.75 Billion by 2032, growing at a CAGR of 16.5% during the forecast period (2025-2032).

Competition in the global eSIM market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of devices compatible with eSIM will also increase. Currently, only few key players are providing their services in global market but these numbers will increase in the upcoming years. 'Gemalto/Thales DIS (France) ', 'G+D Mobile Security (Germany) ', 'STMicroelectronics (Switzerland) ', 'Infineon Technologies (Germany) ', 'NXP Semiconductors (Netherlands) ', 'Qualcomm (United States) ', 'Apple (United States) ', 'Samsung Electronics (South Korea) ', 'Idemia (France) ', 'Deutsche Telekom AG (Germany) ', 'Vodafone (United Kingdom) ', 'NTT Docomo (Japan) ', 'Sierra Wireless (Canada) ', 'Telit (Italy) ', 'ARM Holdings (United Kingdom) ', 'AT&T (United States) ', 'China Mobile (China) ', 'Orange (France) ', 'Cisco Systems (United States) ', 'T-Mobile US (United States) '

The eSIM card is a type of key facilitator for M2M devices that include seamless connections for all the types of linked devices. 

Increase in the number of connected devices: The rapid increase in the number of IoT connected devices in consumer electronics and M2M applications is propelling the market growth. The number of IoT connected devices in the year 2022 was around 9.81 billion. Rise in the eSIM technology paced up significantly in 2020. Samsung’s inclusion of eSIM technology in its S20 range of devices is expected to positively impact to the adoption of eSIM in smartphones.

Globally, Europe is estimated to hold the highest global eSIM market share in 2021, followed by North America and Asia Pacific. In Europe, the U.K., Germany, and France are the leading revenue generator countries to the Europe market. Main factors during this growth period is the presence of top market players such as Gemalto NV, ARM Holdings, and others. For insistence, in March 2018, the European government implemented an eCall regulation, in which all the new passenger cars will be equipped with the eCall technology.

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Global eSIM Market

Report ID: SQMIG50B2011

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