USD 12.6 Billion
eSIM Market Size, Share, and Growth Analysis
eSIM Market 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
Format -
eSIM Market Insights
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).
The global eSIM market growth is fueled by the growing usage of IoT-connected devices in consumer electronics and M2M applications. The eSIM profile download frequency has been on the rise among consumer devices. eSIM-connected devices are witnessing rising demand, thereby propelling the eSIM market. The emergence of eSIM in the automotive industry now offers cellular access to trucks and vehicles with excellent flexibility and unlocks new features and opportunities. All vehicles are expected to be equipped with cellular connectivity over the next few years, which will enhance driving through new connected services. The application of the GSMA-embedded SIM standard recently marked the automotive industry a significant step toward the next generation of connected cars. It will make a number of existing linked services more secure.
Industry 4.0 is a form of technological innovation with which smart machinery was introduced, having automated communications and control. Industry 4.0 represents a networked environment in which the IoT enables the motion of actionable data and information between the M2M, and from the machine to other devices such as M2O. In M2M systems, the data is processed and transmitted via a network using Wi-Fi, sensors, RFID (radio frequency administrations), and autonomous computer software. For Internet connectivity, the M2M systems usually rely on cellular and public networks. These factors facilitated the electronic manufacturer's ability to integrate embedded SIM cards, or eSIMs, into the M2M systems, thereby facilitating the industry's growth.
US eSIM Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Connectivity Services
Fastest Growth
Hardware
Growth Rate
16.5% CAGR
Global eSIM Market ($ Bn)
Country Share for North America (%)
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eSIM Market Segments Analysis
Global eSIM Market is segmented by Solutions, application, end user, type and region. Based on Solutions, the market is segmented into hardware and Connectivity Services. Based on end user, the market is segmented into Retail, Consumer Electronics, Manufacturing, Automotive, Transportation & Logistics, Energy & Utilities, and Others. Based on application, the market is segmented into Smartphones, Laptops/Tablet, Connected Cars, Wearable Devices, Smart Home Appliances, Vehicle Tracking, and Others. Based on region, the market is segmented into Data-Only eSIM and Voice, SMS & Data eSIM. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Solution
Based on the 2024 global eSIM market forecast, as the use of eSIM technology for M2M connections grows, the highest revenue share of the connectivity services category occurred in 2024 at approximately 88.5%. This leads to a constant flow of income from subscription services because it assists MNOs in providing secure, scalable, and flexible solutions for the remote monitoring of end-user cellular subscriptions. The automotive sector has further pushed growth through the support of GSMA Embedded SIM Specification, thereby enabling better connections in automobiles. This change enhances data security and boosts operational efficiency while supporting a new generation of linked cars. The connection services market is expected to increase steadily if industries including consumer electronics, IoT, and automotive continue to expand.
Due to increasing demand from consumer electronics manufacturers, the hardware segment of the global eSIM industry is expected to grow at the highest CAGR of 13.5% during the forecast period. The increasing trend of smartphone manufacturers including eSIM capabilities in their handsets, which provides customers with more freedom and convenience, is a significant driver of this growth. The demand for proper hardware, including eSIM chipsets, is growing rapidly with the adoption of eSIM technology by smartphone manufacturers. Since big companies such as Infineon Technologies AG, NXP Semiconductors, and STMicroelectronics dominate a significant portion of the total revenue, the market for these chipsets is still concentrated, which supports the development prospects of the hardware segment.
Analysis By End-User Industry
As per the 2024 global eSIM market analysis, due to growing eSIM technology usage in the sectors of logistics, healthcare, and automobiles, the M2M category comprised the highest share in revenue. The inclusion of eSIMs in M2M communication within the automotive industry makes automobile connections more effortless and real-time data transmission for car diagnostics, navigation, and vehicle-to-vehicle communication. Leading the demand is the automotive industry's requirement for connected cars-which smoothen production procedures and also enhance the user experience as a whole. It is expected that the advancement of the connected automobile market will create more opportunities to use M2M and IoT technologies in different industries.
The consumer electronics segment is expected to be the fastest growing segment with a CAGR of 9.2% over the projection period. This is the reason why the integration of eSIM technology has made possible a host of other devices, not just smartphones. With eSIM, manufacturers can now create thinner, slimmer devices with no additional hassle-thereby maximizing available space. With time, this will certainly be the way people start seeing smartphones as they get to enjoy the convenience of having multiple cell carrier profiles in one device with better connectivity. Increased dependability, enhanced safety, and more secure, seamless communications further accelerate the use of eSIM in consumer electronics. It is expected that eSIM will play a huge role in changing the consumer electronics industry as these features become popular.
Global eSIM Market By Solution
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eSIM Market Regional Insights
North America dominated the eSIM industry and is estimated to grow at the fastest CAGR of 8.7% during the forecast period. T The growth is also due to the major network providers having a strong presence in the region and fast development of technology in the area. The market is driven by leading companies in the automotive and telecommunication industries in the adoption of eSIM and M2M technologies. The US, therefore, emerges as a prime innovation hub. The growth in this area is also driven by the increasing demand for smartphones, linked gadgets, and connected cars. In addition, investments in digital infrastructure and supportive legislation are expected to maintain North America's market dominance.
With the adoption of the latest technologies such as eSIM and IoT by early nations in the region, Europe is expected to grow significantly over the forecast period. Many significant players that contribute substantially to the development of the market are in the region, such as Giesecke+Devrient Mobile Security GmbH, NXP Semiconductors N.V., and STMicroelectronics. Additional growing use of car-to-car coupled, and smart gadgets is being recorded in Europe. The UK, Germany, among other countries in Europe, show the rising cases in car-to-car linked and smart technologies. Europe's leading position, and its dominance of the market in the expansionist growth, can be attributed to the continued shift towards digitalization and the continued adoption of smart technologies.
Global eSIM Market By Geography
- Largest
- Fastest
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eSIM Market Dynamics
eSIM Market Drivers
Increasing Use of Networked Devices
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Growing uses of networked devices such as wearables, smartphones, smartwatches, and connected cars, has increased the industry of eSIM. Using several carrier profiles on a single device, the technology of eSIM offers flexibility and ease of connectivity to organizations as well as people, improving connections. Rising usage of eSIM in numerous industries in reaction to the increase in demand of IoT and smart devices is also making the market expand.
Ease and Cost-effectiveness
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Since eSIM technology does not require physical SIM cards, the telecom operators and device manufacturers will save a lot of money in terms of production, transportation, and inventory management. In addition, eSIM offers more flexibility because users can move between different network providers without having to replace the actual SIM card, making it perfect for enterprises and tourists who want access across the globe. Versatility is one of the key factors that will influence the adoption of eSIM technology.
eSIM Market Restraints
Adoption by Specific Network Providers Is Limited
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A few network providers are still not entirely embracing eSIM technology, though many telecom businesses are embracing it more and more. This variation in availability and compatibility across networks and geographical areas might hamper the broad adoption of eSIM. Moreover, if eSIM is not supported by their current carriers, some customers would find it hard to switch providers, which would restrict the commercial potential of the technology.
Flexibility, Convenience, and Security Issues
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Even though eSIM has many advantages in terms of flexibility and convenience, security issues remain a significant obstacle to its widespread adoption. There is a possibility of hacking or data breaches because eSIM digitally saves several profiles, especially when devices are hijacked. Adoption may be slowed down despite the improvement in security standards because eSIMs are perceived to be more vulnerable than regular SIM cards, especially for users who deal with sensitive information or work in security-oriented businesses.
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eSIM Market Competitive Landscape
The global eSIM market is highly competitive, and a few major companies control it. Top companies that manufacture eSIM chips and solutions for various industries include Giesecke+Devrient, Gemalto (Thales Group), NXP Semiconductors, STMicroelectronics, and Infineon Technologies. Through their eSIM-based services, the telecom giants such as AT&T, Verizon, and Vodafone also play an important role. Technological advancements, partnerships, and the rising demand for mobile services, connected devices, and Internet of Things solutions are driving competition.
Top Players in eSIM Market
- 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)
eSIM Market Recent Developments
- The South African multinational Lonestar Cell MTN launched eSIM technology in Liberia in May 2023. This development eliminates the hassle of taking out traditional SIM cards when subscribers switch to eSIM-compatible smartphones. Any Lonestar Cell MTN service facility will issue a QR code for customers to scan.
- Gcore, a content delivery network and public cloud provider, in March 2023, launched its Zero-Trust 5G eSIM Cloud platform. The platform offers businesses around the world a reliable and secure high-speed networking solution. Businesses can create secure connections to remote devices, corporate resources, or Gcore's cloud platform by using regional 5G carriers with Gcore's software-defined eSIM.
- Amdocs partners Drei Austria to bring an innovative eSIM solution to Austria in February 2023. Together, the all-app experience from our partnership provides Drei Austria's clients with the power of digital eSIM technology. At Drei Austria, cutting-edge "up" software means that customers benefit from a seamless, fully digital SIM experience brought about by Amdocs' eSIM technology.
eSIM Key Market Trends
Integration of Consumer Electronics: The highest development in this industry is growing the integration of eSIM in the consumer device, laptops, tablets, smartphones, and smartwatches. As the main market players such as Apple, Samsung, and Google take the effort in integrating the new technology to help customers have a convenient and more mobile experience, consumers' demands on more compact devices that can fulfill their functions push the acceleration towards the widespread application of this eSIM.
eSIM for Automotive and Internet of Things Applications: In recent years, eSIM technology has witnessed greater adoption in automotive and Internet of Things applications. For numerous IoT devices such as wearables, connected autos, and smart home systems, eSIM delivers reliable, over-the-air connectivity. In the automobile industry, eSIM is applied to develop connected vehicles for fleet management, infotainment, and telematics. With this, the adoption of eSIM technology in this industry is anticipated to grow alongside the demand for smart and connected automobiles that improve general connection.
eSIM Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global eSIM market is growing rapidly, due to rising acceptance in consumer electronics, automotive, and Internet of Things applications. With its capacity to provide flexible and effective connection, eSIM technology has become more essential to smartphones, smartwatches, connected cars, and other smart gadgets. Among the large companies dominating the market are the telecom giants such as Vodafone and AT&T, and then the major players, including Giesecke+Devrient, Thales, and NXP Semiconductors. Global connectivity management is evolving because eSIM adoption reduces production costs, enhances security, and enhances the user experience. The market is predicted to continue to grow rapidly, with North America and Europe driving the demand, despite concerns over security and limited acceptance by a number of operators.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 12.6 Billion |
| Market size value in 2032 | USD 49.75 Billion |
| Growth Rate | 16.5% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on eSIM Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on eSIM Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the eSIM Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the eSIM Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the eSIM Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the eSIM Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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