Embedded SIM (eSIM) Technology Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of eSIM Market
The eSIM market size was valued at USD 1.22 billion in 2023, and the market is now projected to grow from USD 1.46 billion in 2024 to USD 6.29 billion by 2032, exhibiting a CAGR of 20.0% during the forecast period of 2024-2032.
The core issue of the COVID-19 pandemic was a shortage of semiconductor chips which later on caused a shutdown of the supply chains for the majority of the economies around the world. Section operators and OEMs in those years could not order SIM cards because they were not produced using the newest technologies. The mobile network operators understood the change in environment, so their state was ready more for the advanced technology by adopting it for everyone. Later, the rate of customers replacing phones and other intrinsic devices slowed and the rate of innovations too dropped. Therefore, there was the fallback of year-on-year market performances though the eSIM market growth was the case.
MVNO will have a higher amount of the distributed money flow between international roaming, International Direct Dialings (IDD), messaging, and data services; nonetheless, the international roaming income will be overridden. Some of the aforementioned players as well as others will introduce dynamic new tariff plans that will feature next-generation technology on a global scale. Of those availing themselves of smartphones another local carrier might be alternatively chosen directly from the phone. Subsequently, this solution eradicates international roaming, and instead, SMVNOs avail of what we call all-in-one global connectivity all the while meeting the demand for high international roaming. MVNOs with international roaming services boost the eSIM market share.
With the help of the 5G technology, smart devices can become communicable and data collection be done on a large scale with safety and security. Implementation of the eSIMs in the 5G network introduces the digitalization phenomenon, where users' experiences are uploaded, data read, and then automation is experienced; hence, the market for eSIM-equipped sensors continues to rise.
Comprehensive Analysis of eSIM Market
The market of eSIM fortunately is growing at a robust rate because it is applied in many sectors. An application-specific technology eSIM is mainly used in smartphones, laptops/tablets, connected cars, wearable devices, smart home appliances, vehicle tracking, and smart meters as well as smart grids. On the industry aspect, the most prominent industries including eSIM technology are retail, consumer electronics, businesses, automotive, transportation & logistics, energy & utilities, and health care. This phenomenon as a whole therefore is a feature of those things that meet the objectives of making connections, security, and productivity better for many sectors.
Among the arena’s regions, North America alongside the cost of USD 447.76 billion holds the pinnacle rank inside the eSIM marketplace in 2023. This management is in turn founded on sturdy and current technological infrastructure, wide IoT device packages, and the effective function of enterprise leaders. The high demand for products in handsets, motors, and clever homes over a big range of programs stated formerly fixes North America inside the first vicinity within the international eSIM marketplace pecking order.
Thales Group (France), Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), NXP Semiconductors (Netherlands), Giesecke+Devrient GmbH (Germany), Sierra Wireless Inc. (Canada), IDEMIA (France), KORE Wireless (U.S.), Kigen (U.K.), and Valid S.A. (Rio de Janeiro) are some major players in this industry. With leaders representing discipline, these groups stand as competitors on a level pitch; thus, they guarantee the rise and set limitations and standards for the whole industry.
In November 2023, a Grenada-based company for private LTE/5G networks, Celona, launched a fully automated eSIM solution that is integrated with a private MDM (Mobile Device Management) system.
Segmentation Table
Global eSIM Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 20.0% from 2024 to 2032
Unit Value (USD billion)
By Application
Smartphones
Laptops/Tablets
Connected Cars
Wearable Devices
Smart Home Appliances
Vehicle Tracking
Others (Smart Meters, Smart Grids)
By Industry
Retail
Consumer Electronics
Manufacturing
Automotive
Transportation & Logistics
Energy & Utilities
Others (Healthcare)
By Region North America (By Application, By Industry)
- U.S. (By Industry)
- Canada (By Industry)
- Mexico (By Industry)
South America (By Application, By Industry)
- Brazil (By Industry)
- Argentina (By Industry)
- Rest of South America
Europe (By Application, By Industry)
- U.K. (By Industry)
- Germany (By Industry)
- France (By Industry)
- Italy (By Industry)
- Spain (By Industry)
- Russia (By Industry)
- Benelux (By Industry)
- Nordics (By Industry)
- Rest of Europe
Middle East & Africa (By Application, By Industry)
- Turkey (By Industry)
- Israel (By Industry)
- GCC (By Industry)
- South Africa (By Industry)
- North Africa (By Industry)
- Rest of the Middle East & Africa
Asia Pacific (By Application, By Industry)
- China (By Industry)
- India (By Industry)
- Japan (By Industry)
- South Korea (By Industry)
- ASEAN (By Industry)
- Oceania (By Industry)
Rest of Asia Pacific
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global eSim Key Players Market Share/Ranking, 2023
- 5. Global eSim Market Size Estimates and Forecasts, By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Application (USD)
- 5.2.1. Smartphones
- 5.2.2. Laptops/Tablet
- 5.2.3. Connected Cars
- 5.2.4. Wearable Devices
- 5.2.5. Smart Home Appliances
- 5.2.6. Vehicle Tracking
- 5.2.7. Others (Smart Meters, Smart Grids, etc.)
- 5.3. By Industry (USD)
- 5.3.1. Retail
- 5.3.2. Consumer Electronics
- 5.3.3. Manufacturing
- 5.3.4. Automotive
- 5.3.5. Transportation & Logistics
- 5.3.6. Energy & Utilities
- 5.3.7. Others (Healthcare, etc.)
- 5.4. By Region (USD)
- 5.4.1. North America
- 5.4.2. South America
- 5.4.3. Europe
- 5.4.4. Middle East & Africa
- 5.4.5. Asia Pacific
- 6. North America eSim Market Size Estimates and Forecasts, By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Application (USD)
- 6.2.1. Smartphones
- 6.2.2. Laptops/Tablet
- 6.2.3. Connected Cars
- 6.2.4. Wearable Devices
- 6.2.5. Smart Home Appliances
- 6.2.6. Vehicle Tracking
- 6.2.7. Others (Smart Meters, Smart Grids, etc.)
- 6.3. By Industry (USD)
- 6.3.1. Retail
- 6.3.2. Consumer Electronics
- 6.3.3. Manufacturing
- 6.3.4. Automotive
- 6.3.5. Transportation & Logistics
- 6.3.6. Energy & Utilities
- 6.3.7. Others (Healthcare, etc.)
- 6.4. By Country (USD)
- 6.4.1. United States
- 6.4.1.1. By Industry
- 6.4.2. Canada
- 6.4.2.1. By Industry
- 6.4.3. Mexico
- 6.4.3.1. By Industry
- 7. South America eSim Market Size Estimates and Forecasts, By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Application (USD)
- 7.2.1. Smartphones
- 7.2.2. Laptops/Tablet
- 7.2.3. Connected Cars
- 7.2.4. Wearable Devices
- 7.2.5. Smart Home Appliances
- 7.2.6. Vehicle Tracking
- 7.2.7. Others (Smart Meters, Smart Grids, etc.)
- 7.3. By Industry (USD)
- 7.3.1. Retail
- 7.3.2. Consumer Electronics
- 7.3.3. Manufacturing
- 7.3.4. Automotive
- 7.3.5. Transportation & Logistics
- 7.3.6. Energy & Utilities
- 7.3.7. Others (Healthcare, etc.)
- 7.4. By Country (USD)
- 7.4.1. Brazil
- 7.4.1.1. By Industry
- 7.4.2. Argentina
- 7.4.2.1. By Industry
- 7.4.3. Rest of South America
- 8. Europe eSim Market Size Estimates and Forecasts, By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Application (USD)
- 8.2.1. Smartphones
- 8.2.2. Laptops/Tablet
- 8.2.3. Connected Cars
- 8.2.4. Wearable Devices
- 8.2.5. Smart Home Appliances
- 8.2.6. Vehicle Tracking
- 8.2.7. Others (Smart Meters, Smart Grids, etc.)
- 8.3. By Industry (USD)
- 8.3.1. Retail
- 8.3.2. Consumer Electronics
- 8.3.3. Manufacturing
- 8.3.4. Automotive
- 8.3.5. Transportation & Logistics
- 8.3.6. Energy & Utilities
- 8.3.7. Others (Healthcare, etc.)
- 8.4. By Country (USD)
- 8.4.1. United Kingdom
- 8.4.1.1. By Industry
- 8.4.2. Germany
- 8.4.2.1. By Industry
- 8.4.3. France
- 8.4.3.1. By Industry
- 8.4.4. Italy
- 8.4.4.1. By Industry
- 8.4.5. Spain
- 8.4.5.1. By Industry
- 8.4.6. Russia
- 8.4.6.1. By Industry
- 8.4.7. Benelux
- 8.4.7.1. By Industry
- 8.4.8. Nordics
- 8.4.8.1. By Industry
- 8.4.9. Rest of Europe
- 9. Middle East & Africa eSim Market Size Estimates and Forecasts, By Segments, 2019-2032
- 9.1. Key Findings
- 9.2. By Application (USD)
- 9.2.1. Smartphones
- 9.2.2. Laptops/Tablet
- 9.2.3. Connected Cars
- 9.2.4. Wearable Devices
- 9.2.5. Smart Home Appliances
- 9.2.6. Vehicle Tracking
- 9.2.7. Others (Smart Meters, Smart Grids, etc.)
- 9.3. By Industry (USD)
- 9.3.1. Retail
- 9.3.2. Consumer Electronics
- 9.3.3. Manufacturing
- 9.3.4. Automotive
- 9.3.5. Transportation & Logistics
- 9.3.6. Energy & Utilities
- 9.3.7. Others (Healthcare, etc.)
- 9.4. By Country (USD)
- 9.4.1. Turkey
- 9.4.1.1. By Industry
- 9.4.2. Israel
- 9.4.2.1. By Industry
- 9.4.3. GCC
- 9.4.3.1. By Industry
- 9.4.4. North Africa
- 9.4.4.1. By Industry
- 9.4.5. South Africa
- 9.4.5.1. By Industry
- 9.4.6. Rest of MEA
- 10. Asia Pacific eSim Market Size Estimates and Forecasts, By Segments, 2019-2032
- 10.1. Key Findings
- 10.2. By Application (USD)
- 10.2.1. Smartphones
- 10.2.2. Laptops/Tablet
- 10.2.3. Connected Cars
- 10.2.4. Wearable Devices
- 10.2.5. Smart Home Appliances
- 10.2.6. Vehicle Tracking
- 10.2.7. Others (Smart Meters, Smart Grids, etc.)
- 10.3. By Industry (USD)
- 10.3.1. Retail
- 10.3.2. Consumer Electronics
- 10.3.3. Manufacturing
- 10.3.4. Automotive
- 10.3.5. Transportation & Logistics
- 10.3.6. Energy & Utilities
- 10.3.7. Others (Healthcare, etc.)
- 10.4. By Country (USD)
- 10.4.1. China
- 10.4.1.1. By Industry
- 10.4.2. India
- 10.4.2.1. By Industry
- 10.4.3. Japan
- 10.4.3.1. By Industry
- 10.4.4. South Korea
- 10.4.4.1. By Industry
- 10.4.5. ASEAN
- 10.4.5.1. By Industry
- 10.4.6. Oceania
- 10.4.6.1. By Industry
- 10.4.7. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Thales Group
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Infineon Technologies AG
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. STMicroelectronics
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. NXP Semiconductors
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Giesecke+Devrient GmbH
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Sierra Wireless Inc.
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. IDEMIA
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Core Wireless
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Kigen
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Valid S.A.
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
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