eSIM Market Size – By Component (Hardware and Software), By Application (Phones, Wearables, Tablets and Automotive), By Vertical (Consumer Electronics, M2M, Automotive and Industrial IoT), & Region – Global Forecasts 2024 - 2034.
- PUBLISHED ON
- 2024-06-02
- NO OF PAGES
- 280
- CATEGORY
- Electronics & Communication
Market Overview
The eSIM market report is predicted to develop at a compound annual growth rate (CAGR) of 17.8% from 2024 to 2034, when global eSIM market forecast size is projected to reach USD 51.84 Billion in 2034, based on an average growth pattern. The global eSIM market revenue is estimated to reach a value of USD 11.14 Billion in 2024.
SOURCE: We Market Research
The global eSIM
(embedded SIM) market is experiencing rapid growth, driven by the increasing
adoption of connected devices, the rise of IoT (Internet of Things)
applications, and the demand for more flexible and secure connectivity
solutions. eSIM technology, which embeds SIM functionality directly into
devices, enables remote provisioning and easier switching between network
operators without needing a physical SIM card. The expanding use of eSIM in
smartphones, wearable devices, connected cars, industrial IoT, and other
sectors contributes to this growth.
The eSIM market
is expected to expand rapidly with increased support from telecom operators,
broader device compatibility, and further integration of IoT ecosystems. As
more industries adopt eSIM solutions, the market is set for substantial growth,
particularly in the automotive, industrial, and consumer electronics sectors.
Global eSIM Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 11.14 Billion |
|
Market
Forecast in 2034 |
USD 51.84 Billion |
|
CAGR % 2024-2034 |
17.8% |
|
Base
Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Component,
By Application, By Vertical and By Region |
|
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Global eSIM Market Opportunity:
We Market
Research: Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into global eSIM market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
eSIM Market Segmentation
Market- By Component Analysis
By component, the eSIM market share is categories into Hardware and Software. Hardware dominate the market with the largest share, accounting for over 65% of the market in 2023. This dominance is primarily due to the increasing adoption of eSIM-enabled devices across various sectors, including consumer electronics, automotive, and IoT. The demand for compact and efficient hardware in mobile devices and IoT applications drives the growth of eSIM hardware. Major manufacturers of mobile devices, such as Apple, Samsung, and Google, are increasingly incorporating eSIM technology into their products, further boosting hardware demand.
The
following segments are part of an in-depth analysis of the global eSIM market:
|
Market Segments |
|
|
By Component |
·
Hardware ·
Software |
|
By Application |
·
Phones ·
Wearables ·
Tablets ·
Automotive |
|
By Vertical |
·
Consumer Electronics o
Smartphones o
Tablets o
Smartwatches o
Laptop o
Others ·
M2M o
Smart Meters (Energy & Utilities) o
Retail Point of Sale Systems o
Healthcare Devices o
Logistics and Supply Chain Management ·
Automotive o
Connected Cars o
Infotainment Systems o
Vehicle Telematics o
Fleet Management ·
Industrial IoT o
Smart Manufacturing o
Asset Tracking o
Remote Monitoring Systems |
eSIM Industry: Regional Analysis
North America Market Forecast
North America dominates the global market, accounting for around 38% of the market share in 2023. North America leads the eSIM market due to its advanced telecommunications infrastructure, high adoption rates among consumers, and the presence of major players like Apple and Google.
Europe Market Statistics
Europe follows
closely, driven by supportive regulations and a growing focus on IoT solutions.
Countries like Germany and the UK are at the forefront of eSIM adoption.
Integration of eSIM technology in M2M communications and automotive
applications is prominent in this region.
Asia Pacific Market Forecasts
The Asia Pacific
region is witnessing rapid growth, fueled by the increasing number of connected
devices and investments in mobile network infrastructure. Countries like China
and Japan are significant contributors to this growth. Major tech companies in
the region are focusing on integrating eSIM technology in their devices,
particularly in the automotive and telecommunications sectors.
Latin America & Middle East & Africa Market
Statistics
Latin America and MEA have smaller market
shares, but there is potential for growth as awareness of eSIM technology
increases and mobile networks expand. Efforts to enhance digital infrastructure
are also expected to boost adoption.
Key Market Players
The Global eSIM Market is dominated by a few large
companies, such as
·
Thales Group (Gemalto N.V.)
·
Giesecke+Devrient GmbH (G+D)
·
STMicroelectronics
·
Infineon Technologies
·
NXP Semiconductors
·
Qualcomm Technologies, Inc.
·
Deutsche Telekom AG
·
Sierra Wireless
·
ARM Limited
·
Apple Inc.
·
Samsung Electronics Co. Ltd.
·
Google LLC
·
IDEMIA
·
Telefónica S.A.
·
Orange S.A.
·
Vodafone Group
·
AT&T Inc.
·
Verizon Communications
·
China Mobile Ltd.
· Truphone Ltd.
1.
Global
eSIM Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global eSIM Market Scope and
Market Estimation
1.2.1. Global eSIM Overall Market Size
(US$ Bn), Market CAGR (%), Market forecast (2024 - 2034)
1.2.2. Global eSIM Market Revenue Share
(%) and Growth Rate (Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Component of Global eSIM Market
1.3.2. Application of Global eSIM
Market
1.3.3. Vertical of Global eSIM Market
1.3.4. Region of Global eSIM Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2019 – 2023 and Forecast, 2024 – 2034
2.4. Demand and Opportunity
Assessment
2.5. Demand Supply Scenario
2.6. Market Dynamics
2.6.1. Drivers
2.6.2. Limitations
2.6.3. Opportunities
2.6.4. Impact Analysis of Drivers and
Restraints
2.7. Pricing Trends Analysis
2.8. Overview of Technology Developments
2.9. Porter’s Five Forces Analysis
2.9.1. Bargaining Power of Suppliers
2.9.2. Bargaining Power of Buyers
2.9.3. Threat of Substitutes
2.9.4. Threat of New Entrants
2.9.5. Competitive Rivalry
2.10. PEST Analysis
2.10.1. Political Factors
2.10.2. Economic Factors
2.10.3. Social Factors
2.10.4. Technology Factors
2.11. Value Chain / Ecosystem Analysis
2.12. Key Regulation
2.13. Analysis of Quality Control Standards and Guidelines in eSIM Market
3.
Global eSIM Market Estimates & Historical Trend Analysis (2019 - 2023)
4.
Global eSIM Market Estimates & Forecast Trend Analysis, by
Component
4.1. Global eSIM Market Revenue (US$ Bn)
Estimates and Forecasts, by Component, 2019 - 2034
4.1.1. Hardware
4.1.2. Software
5.
Global eSIM Market Estimates & Forecast Trend Analysis, by
Application
5.1. Global eSIM Market Revenue (US$ Bn)
Estimates and Forecasts, by Application 2019 - 2034
5.1.1.Phones
5.1.2.Wearables
5.1.3.Tablets
5.1.4.Automotive
6.
Global eSIM Market Estimates & Forecast Trend Analysis, by
End-user
6.1. Global eSIM Market Revenue (US$ Bn)
Estimates and Forecasts, by End-user, 2019 - 2034
6.1.1.Consumer
Electronics
6.1.1.1.
Smartphones
6.1.1.2.
Tablets
6.1.1.3.
Smartwatches
6.1.1.4.
Laptop
6.1.1.5.
Others
6.1.2.M2M
6.1.2.1.
Smart Meters (Energy &
Utilities)
6.1.2.2.
Retail Point of Sale Systems
6.1.2.3.
Healthcare Devices
6.1.2.4.
Logistics and Supply Chain
Management
6.1.3.Automotive
6.1.3.1.
Connected Cars
6.1.3.2.
Infotainment Systems
6.1.3.3.
Vehicle Telematics
6.1.3.4.
Fleet Management
6.1.4.Industrial
IoT
6.1.4.1.
Smart Manufacturing
6.1.4.2.
Asset Tracking
6.1.4.3.
Remote Monitoring Systems
7.
Global eSIM Market Estimates & Forecast Trend Analysis,
by Region
7.1. Global eSIM Market Revenue (US$ Bn)
Estimates and Forecasts, by Region, 2019 - 2034
7.1.1. North America
7.1.2. Eastern Europe
7.1.3. Western Europe
7.1.4. Asia Pacific
7.1.5. Middle East & Africa
7.1.6. Latin America
8.
North
America eSIM Market: Estimates & Forecast Trend Analysis
8.1.
North
America eSIM Market Assessments & Key Findings
8.1.1. North America eSIM Market
Introduction
8.1.2. North America eSIM Market Size
Estimates and Forecast (US$ Billion) (2019 - 2034)
8.1.2.1. By Component
8.1.2.2. By Application
8.1.2.3. By Vertical
8.1.2.4. By Country
8.1.2.4.1. The U.S.
8.1.2.4.2. Canada
8.1.2.4.3. Mexico
9.
Western
Europe eSIM Market: Estimates & Forecast Trend Analysis
9.1. Western Europe eSIM Market
Assessments & Key Findings
9.1.1. Western Europe eSIM Market
Introduction
9.1.2. Western Europe eSIM Market Size
Estimates and Forecast (US$ Billion) (2019 - 2034)
9.1.2.1. By Component
9.1.2.2. By Application
9.1.2.3. By Vertical
9.1.2.4.
By
Country
9.1.2.4.1.
Germany
9.1.2.4.2.
Italy
9.1.2.4.3.
U.K.
9.1.2.4.4.
France
9.1.2.4.5.
Spain
9.1.2.4.6.
Benelux
9.1.2.4.7.
Nordics
9.1.2.4.8. Rest
of W. Europe
10. Eastern Europe eSIM
Market: Estimates & Forecast Trend
Analysis
10.1. Eastern Europe eSIM Market
Assessments & Key Findings
10.1.1. Eastern Europe eSIM Market
Introduction
10.1.2. Eastern Europe eSIM Market Size
Estimates and Forecast (US$ Billion) (2019 - 2034)
10.1.2.1. By Component
10.1.2.2. By Application
10.1.2.3. By Vertical
10.1.2.4. By Country
10.1.2.4.1.
Russia
10.1.2.4.2.
Hungary
10.1.2.4.3.
Poland
10.1.2.4.4.
Balkan & Baltics
10.1.2.4.5. Rest of E. Europe
11. Asia Pacific eSIM
Market: Estimates & Forecast Trend
Analysis
11.1. Asia Pacific Market Assessments
& Key Findings
11.1.1. Asia Pacific eSIM Market
Introduction
11.1.2. Asia Pacific eSIM Market Size
Estimates and Forecast (US$ Billion) (2019 - 2034)
11.1.2.1. By Component
11.1.2.2. By Application
11.1.2.3. By Vertical
11.1.2.4. By Country
11.1.2.4.1. China
11.1.2.4.2. Japan
11.1.2.4.3. India
11.1.2.4.4. Australia & New Zealand
11.1.2.4.5. South Korea
11.1.2.4.6. ASEAN
11.1.2.4.7. Rest of Asia Pacific
12. Middle East & Africa eSIM
Market: Estimates & Forecast Trend
Analysis
12.1. Middle East & Africa Market
Assessments & Key Findings
12.1.1. Middle
East & Africa eSIM
Market Introduction
12.1.2. Middle
East & Africa eSIM
Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
12.1.2.1. By Component
12.1.2.2. By Application
12.1.2.3. By Vertical
12.1.2.4. By Country
12.1.2.4.1. UAE
12.1.2.4.2. Saudi
Arabia
12.1.2.4.3. Turkey
12.1.2.4.4. South
Africa
12.1.2.4.5. Rest of
MEA
13. Latin America
eSIM Market: Estimates & Forecast
Trend Analysis
13.1. Latin America Market Assessments
& Key Findings
13.1.1. Latin America eSIM Market
Introduction
13.1.2. Latin America eSIM Market Size
Estimates and Forecast (US$ Billion) (2019 - 2034)
13.1.2.1. By Component
13.1.2.2. By Application
13.1.2.3. By Vertical
13.1.2.4. By Country
13.1.2.4.1. Brazil
13.1.2.4.2. Argentina
13.1.2.4.3. Colombia
13.1.2.4.4. Rest of
LATAM
14. Country Wise Market:
Introduction
15. Competition Landscape
15.1. Global eSIM Market Product
Mapping
15.2. Global eSIM Market Concentration
Analysis, by Leading Players / Innovators / Emerging Players / New Entrants
15.3. Global eSIM Market Tier
Structure Analysis
15.4. Global eSIM Market Concentration
& Company Market Shares (%) Analysis, 2023
16. Company Profiles
16.1. Thales Group
(Gemalto N.V.)
16.1.1. Company Overview & Key Stats
16.1.2. Financial Performance & KPIs
16.1.3. Product Portfolio
16.1.4. SWOT Analysis
16.1.5. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
16.2. Giesecke+Devrient
GmbH (G+D)
16.3. STMicroelectronics
16.4. Infineon
Technologies
16.5. NXP Semiconductors
16.6. Qualcomm
Technologies, Inc.
16.7. Deutsche Telekom AG
16.8. Sierra Wireless
16.9. ARM Limited
16.10. Apple Inc.
16.11. Samsung Electronics
Co. Ltd.
16.12. Google LLC
16.13. IDEMIA
16.14. Telefónica S.A.
16.15. Orange S.A.
16.16. Vodafone Group
16.17. AT&T Inc.
16.18. Verizon
Communications
16.19. China Mobile Ltd.
16.20. Truphone Ltd.
16.21. Others
17. Research
Methodology
17.1. External Transportations /
Databases
17.2. Internal Proprietary Database
17.3. Primary Research
17.4. Secondary Research
17.5. Assumptions
17.6. Limitations
17.7. Report FAQs
18. Research
Findings & Conclusion
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Frequently Asked Questions
What is the market size and growth projections?
The global Esim market was valued at USD 1.68 billion in 2022 and expected to grow at a CAGR of 8.1% during the forecast period
What are the drivers shaping various markets?
Growing popularity of IoT: The Internet of Things (IoT) is driving the development of new connected devices for a wide range of industries, including healthcare, automotive, manufacturing, and logistics. eSIM technology is becoming increasingly important for these applications as it enables remote connectivity management and allows for more efficient and secure management of devices and networks.
Who are the key competitors of market Players?
Some of the major players operating within the market are Telefónica, Semtech Corporation, Giesecke+Devrient GmbH, AT&T, Orange, Arm Limited, KORE Wireless, Workz, Oasis Smart-SIM, Vodafone Group, STMicroelectronics, Thales, Deutsche Telekom AG, NXP Semiconductors, Infineon Technologies AG, Telit, IDEMIA, TP Global Operations Limited, Sinch, Singtel, Others
What are the top performing segments, and countries / regions of each of the markets?
Europe: Europe is also a significant eSIM market, with a strong regulatory framework supporting the adoption of eSIM technology. The European Union has mandated the use of eSIM technology in all new cars sold in the region from 2018 onwards. Major players in the region include mobile network operators such as Vodafone and Orange, and device manufacturers such as Samsung and Huawei.
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