What is the global market size of the ESIM Market?

Global ESIM Market size was valued at USD 10.843 billion in 2021 and is poised to grow from USD 12.61 billion in 2022 to USD 42.15 billion by 2030, growing at a CAGR of 16.5% in the forecast period (2023-2030).

eSIM Market Size, Share, Growth Analysis, By Solution(Hardware and Connectivity Services), By Application(Consumer Electronics (Smartphones, Tablets, Smartwatches, Laptops), By Vertical(Automotive, Energy & Utilities, Manufacturing, Retail), By Region - Industry Forecast 2024-2031

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

eSIM Market News

In February 2020, HMD Global has filed a patent for a new embedded SIM card (eSIM) solution with the European Union Intellectual property Office. It will serve a multitude of purposes of ranging from telecommunication services to an e-wallet and banking service tool and extended warranty service.
In June 2021, Kigen (UK) Ltd.’s GSMA-compliant remote SIM software solution can now be paired with the Infineon compact eSIM security controller and Kigen (UK) Ltd.’s GSMA-complaint 24mm x 24mm NBIoT SIM7070 module.
In December 2022, by collaborating with Gigs, Grover announced the opening of Grover Connect, its own mobile virtual network operator (MVNO) for customers of tech rentals, in the US.

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eSIM Market size was valued at USD 10.843 billion in 2019 and is poised to grow from USD 12.61 billion in 2023 to USD 42.15 billion by 2031, growing at a CAGR of 16.5% in the forecast period (2024-2031).

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 N.V.', 'Infineon Technologies A.G.', 'Deutsche Telekom', 'STMicroelectronics', 'NXP (next experience) Semiconductors', 'Giesecke + Devrient', 'NTT DoCoMo INC.', 'Cisco Systems', 'Singapore Telecommunications Limited', 'Sierra Wireless INC.', 'Apple Inc.', 'Arm Limited', 'AT&T Inc.', 'IDEMIA', 'Samsung Electronics Co. Ltd.', 'Telefónica S.A', 'Thales Group', 'Vodafone Group Plc'

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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eSIM Market Size, Share, Growth Analysis, By Solution(Hardware and Connectivity Services), By Application(Consumer Electronics (Smartphones, Tablets, Smartwatches, Laptops), By Vertical(Automotive, Energy & Utilities, Manufacturing, Retail), By Region - Industry Forecast 2024-2031

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