Global Travel Esim Market Research Report 2024(Status and Outlook)

Global Travel Esim Market Research Report 2024(Status and Outlook)

Report Overview

A Travel eSIM, or Travel Embedded Subscriber Identity Module, is a virtual SIM card that is embedded into a device or can be added remotely to a device that supports eSIM technology. Unlike traditional physical SIM cards that need to be swapped when traveling to different countries, eSIMs can be programmed with multiple mobile network profiles. Travelers can switch between these profiles without needing to replace the physical SIM card in their device.

The integration of e-SIM technology simplifies the process of obtaining and managing mobile connectivity abroad. Users no longer need to physically swap SIM cards when traveling to different countries. Instead, they can remotely activate and switch between mobile network profiles, enhancing the user experience. The proliferation of e-SIM service providers translates into an expanded array of choices for travelers seeking e-SIM plans and services. This variety enhances the customization of connectivity solutions, catering to diverse preferences and requirements. The entry of new e-SIM service providers and MVNOs fosters a competitive landscape within the market. Additionally, e-SIM has vast application potential within the Internet of Things (IoT) industry. According to Strategy Analytics, it is forecasted that by 2025, the shipment volume of e-SIM cards for IoT applications will grow to 326 million. IoT e-SIM can find wide-ranging applications across various sectors, including automotive telematics, industrial IoT, smart homes, finance, transportation, and smart cities.

The global Travel Esim market was valued at USD 357.24 million in 2022 and is expected to reach USD 1,881.46 million by the end of 2029, growing at a CAGR of 21.75% between 2023 and 2029. Increasing international travel for business and leisure purposes is a significant driver of the Global Travel e-SIM Market. As travel restrictions ease and tourism rebounds, travel e-SIM providers may seize the opportunity to expand their presence in new markets and regions. Furthermore, e-SIMs are remotely programmable and can be reconfigured with different mobile network profiles as needed. This flexibility is particularly valuable in situations where physical access is limited.

On the other hand, one of the standout advantages of e-SIMs is their compact size. They are significantly smaller than traditional nano SIM cards and occupy minimal physical space within a smartphone's design. The reduced physical footprint of e-SIMs provides smartphone manufacturers with more design flexibility.

At the same time, factors such as lack of standardization complex infrastructure, slow performance in Androids, security threats associated with e-SIM, communication disruption concerns, lack of consumer awareness and interoperability issues have brought considerable challenges to the development of the global Travel Esim market.

Segment by Type, the global Travel Esim market can be split into Smartphones, Smartwatch, Laptops, Tablets, etc. In 2022, the Smartphones segment already holds the highest market share at 65.37%. Smartphones are essential travel companions for most people. They are used for communication, navigation, booking accommodations, accessing travel information, and more. Having e-SIM capabilities directly integrated into smartphones simplifies the process of connecting to local networks when traveling abroad, making them a convenient choice for consumers. Users can simply select a local carrier's e-SIM profile from their smartphone's settings, making it a seamless experience.

According to the sales channel field, the global Travel Esim market can be split into Direct Sales Channels, Partnerships with Carriers, Wholesalers and Distributors. The Direct Sales Channels segment brings 59.88% of the market revenue and will expand at a CAGR of 27.01% during the forecast period. Direct sales channels, such as company websites, official stores, and customer service hotlines, offer travelers the convenience of obtaining travel e-SIM services directly from the provider. This can be especially appealing to tech-savvy consumers who prefer self-service options. Many travelers place a high value on trust and reliability when it comes to mobile connectivity while abroad. Buying e-SIMs directly from the service provider's official channels often instills confidence in the authenticity and quality of the service. Companies selling directly can showcase their full range of e-SIM offerings, including various data plans, coverage options, and add-ons. This comprehensive selection allows travelers to choose the most suitable plan for their specific needs.

On basis of geography, the global Travel Esim market is segmented into North America, Europe, Asia-Pacific, South America, Middle East and Africa, etc. Currently, the Asia-Pacific market contributes more than 32% of the revenue, while the Middle East and Africa market’s market size will expand at the highest growth rate at 30.86% during the forecast period. The Asia-Pacific region is home to a significant portion of the world's population, and it attracts a substantial number of tourists. High population density and tourism contribute to a large market for travel-related services, including travel e-SIMs. Many countries in the APAC region have high smartphone penetration rates, and consumers often use their smartphones for various travel-related activities. This makes the adoption of e-SIM technology, which is integrated into smartphones, more prevalent in this region. Moreover, countries in the MEA region are experiencing rapid urbanization, which is often accompanied by increased travel, both domestically and internationally. This urbanization trend fuels the need for mobile connectivity and, by extension, e-SIMs.

According to our calculations, in 2022, the global Travel Esim market's market concentration indicators CR5 and HHI were 42.71% and 6.50%, respectively. This means that the market concentration of Travel Esim market is very low, and manufacturers are in very fierce competition. Currently, the key players in the market include Truphone, Airhub, Airalo, Sinarmas, Gigsky, TravelSim, Sim Options, DENT Wireless Limited, LotusFlare, Inc, Redtea Mobile, Ugibi, Bnesim Limited, eTravelSIM, Holafly, Mayamobile, Flexiroam, Drimsim, Surfroam.

This report provides a deep insight into the global Travel Esim market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Travel Esim Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Travel Esim market in any manner.

Global Travel Esim Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Truphone

Airhub

Airalo

Sinarmas

Gigsky

TravelSim

Sim Options

DENT Wireless Limited

LotusFlare, Inc

Redtea Mobile

Transatel (Ugibi)

Bnesim Limited

eTravelSIM

Holafly

Mayamobile

Flexiroam

Drimsim

Surfroam

Market Segmentation (by Type)

Smartphones

Smartwatch

Laptops

Tablets

Market Segmentation (by Application)

Direct Sales Channels

Partnerships with Carriers

Wholesalers and Distributors

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Travel Esim Market

Overview of the regional outlook of the Travel Esim Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value (USD Billion) data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

6-month post-sales analyst support

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Travel Esim Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.