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The eSIM Market size was estimated at USD 11.76 billion in 2023, USD 13.54 billion in 2024, and is expected to grow at a CAGR of 15.27% to reach USD 31.82 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
An Embedded Subscriber Identity Module (eSIM) is a digital SIM that allows users to activate a cellular plan from a carrier without the requirement of a physical SIM card. eSIMs serve the same purpose as traditional SIM cards; however, they are built into the device and cannot be removed. This technology enables easier switching between carriers and plans and supports multiple accounts that can be managed directly from the device's settings. eSIMs provide greater flexibility and simplify the process of device connectivity, which is especially valuable for modern Internet of Things (IoT) applications, smart devices, and frequent travelers.
The eSIM market is fueled by the rapid surge in Internet of Things (IoT) device adoption, offering a vital compact solution for improved global connectivity and remote carrier switches. The prevalence of eSIM is further propelled by consumer demand for enhanced connectivity amidst travel and device shifts. However, adopting the eSIM standard entails considerable security threats associated with connected systems, which are potential barriers to expansion. The rollout of 5G presents a lucrative market opportunity, as this technology is anticipated to amplify network capabilities and revolutionize the user experience, thereby driving eSIM usage.
Regional Insights
The eSIM market in the Americas is experiencing vigorous growth, primarily fueled by robust adoption of consumer electronics and significant investments in eSIM technology by leading telecommunications companies in the U.S. Latin America is also on an upward trend, it progresses at a more moderate pace due to growing smartphone adoption and enhancements in telecom infrastructure. The EMEA region displays a varied growth landscape, with Europe having eSIM adoption driven by strict digital transformation regulations and a high presence of eSIM solution providers. The demand for smart devices and IoT applications, alongside advancements in the automotive sector are key factors pushing the market forward.The Middle East and Africa are witnessing a gradual increase in adoption, with Gulf countries spearheading due to strategic smart city and IoT initiatives. The Asia-Pacific region is witnessing accelerated growth in the eSIM market, propelled by the rapid adoption of smartphones and IoT devices in China, Japan, South Korea, and Australia. The increased 5G investments, and government policies favoring digital transformation, are further boosting the adoption of eSIM in the Asia-Pacific region.
Market Trends by Segment
- Application: Significant penetration of eSIM in smartphones
- Vertical: eSIM revolutionizing connectivity in automotive industry
Industry Insights
- Market Dynamics
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
- FPNV Positioning Matrix
- Market Share Analysis
- Strategy Analysis and Recommendations
Recent Developments
Sensorise Launched Travel eSIM for Consumers
Sensorise launched a consumer travel eSIM, specifically designed to meet the needs of corporate and leisure travelers and students. The innovative eSIM solution, accessible in 190 countries via the Sensorise mobile application, presents a cost-effective alternative to conventional international roaming services offered by traditional telecom providers.Telefónica Invests in Airalo in a Round That Closes with 60 Million Dollars
Telefónica has invested in Airalo through its investment arm, Telefónica Ventures. The investment forms part of a USD 60 million Series B funding that Airalo has successfully garnered. The eSIM technology of Airalo simplifies the process for travelers by providing a seamless, digital means of connecting to local networks in various destinations without requiring a physical SIM card. The investment is earmarked for significant expansion objectives, including scaling the user base of Airalo, which spans millions. In addition, the funding is expected to assist in the growth of their international team and facilitate the launch of Airalo Partners, an initiative set to provide top-tier connectivity solutions for a wide array of businesses and organizations globally.IDEMIA collaborates with Microsoft to Provide Next-generation eSIM Connectivity Services
IDEMIA collaborated with Microsoft to usher in a new era of eSIM technology and connectivity services for consumer devices and the Machine-to-Machine/Internet of Things sector. The collaboration leverages the unparalleled expertise of IDEMIA in advanced connectivity solutions. The companies aim to enhance global eSIM service support, providing mobile operators with highly reliable solutions featuring superior service availability and advanced protection against cybersecurity threats such as DDoS attacks. The collaboration signifies a strategic move toward accommodating the rising demand for connected services across many eSIM-integrated devices, from smart meters to vehicles, and fortifying mobile authentication frameworks.Key Company Profiles
The report delves into recent significant developments in the eSIM Market, highlighting leading vendors and their innovative profiles. These include Apple, Inc., AT&T Inc., Deutsche Telekom AG, Etisalat Group, Giesecke+Devrient GmbH, GSM Association., IDEMIA Group, Infineon Technologies AG, Kigen Ltd., Maya Virtual, Inc., Microsoft Corporation, NTT Docomo Inc., NXP Semiconductors N.V., Oasis Smart SIM, Orange S.A., Quectel Wireless Solutions Co., Ltd., Samsung Electronics Co., Ltd., Sierra Wireless, Inc., Singapore Telecommunications Limited, STMicroelectronics N.V., TelcoVillage GmbH, Telefónica, S.A., Telenor Connexion AB, Telit Communications, Thales Group, and Vodafone Group PLC.This research report offers invaluable insights into various crucial aspects of the eSIM Market:
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
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Table of Contents
1. Preface
2. Research Methodology
5. Market Insights
6. eSIM Market, by Application
7. eSIM Market, by Vertical
8. Americas eSIM Market
9. Asia-Pacific eSIM Market
10. Europe, Middle East & Africa eSIM Market
11. Competitive Landscape
12. Competitive Portfolio
List of Figures
List of Tables
Companies Mentioned
- Apple, Inc.
- AT&T Inc.
- Deutsche Telekom AG
- Etisalat Group
- Giesecke+Devrient GmbH
- GSM Association.
- IDEMIA Group
- Infineon Technologies AG
- Kigen Ltd.
- Maya Virtual, Inc.
- Microsoft Corporation
- NTT Docomo Inc.
- NXP Semiconductors N.V.
- Oasis Smart SIM
- Orange S.A.
- Quectel Wireless Solutions Co., Ltd.
- Samsung Electronics Co., Ltd.
- Sierra Wireless, Inc.
- Singapore Telecommunications Limited
- STMicroelectronics N.V.
- TelcoVillage GmbH
- Telefónica, S.A.
- Telenor Connexion AB
- Telit Communications
- Thales Group
- Vodafone Group PLC
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 189 |
| Published | May 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 13.54 Billion |
| Forecasted Market Value ( USD | $ 31.82 Billion |
| Compound Annual Growth Rate | 15.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 26 |
