Global eSIM Market

eSIM Market Size, Share, Growth Analysis, By Application(Laptops, smartphones), By Vertical(Energy, utilities), By Solution(Hardware and Software) - Industry Forecast 2024-2031

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

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FAQs

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 eSIM market is expected to increase during the forecast period because new players are expected to enter in the market and the number of devices compatible with eSIM will also increase. Currently, only few key players are providing their services in 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 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

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