Global eSIM Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global eSIM Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global eSIM market finds that the global eSIM market reached a value of USD 1010.38 million in 2022. It’s expected that the market will achieve USD 51045.07 million by 2028, exhibiting a CAGR of 92.27% during the forecast period.

Market Opportunities and Drivers

The growing demand for high-bandwidth applications and rising persistent connectivity on smartphones are likely to spur the growth of the eSIM market for the smartphone application during the forecast period. Smartphone vendors are endeavored to bring eSIM into their smartphone offerings to gain a competitive edge in the market.
ESIM offers ease of roaming or switching. In addition, it is expected that the adoption of eSIMs will reduce carrier replacement barriers. This is likely to increase the competition among telecom operators, thereby benefitting consumers. The rising adoption of high-speed data transfer technologies such as 4G and 5G, increasing social engagement activities across the world, and ongoing technological advancements are primarily driving the adoption of eSIMs in the consumer electronics vertical.
In developed market, they have more international companies, good channels, highly market maturity, fierce competition, a highly competent management team, technology and finance advantages, keep on innovation, prominent market participants invest heavily in R&D, with introduction of new technologies to their products, all of which make a growing market demand for eSIM.

Market Risks

There is a certain risk in the eSIM card. For example, once the information is intercepted or the phone is stolen, the number will be stolen. At the same time, user privacy information will be revealed.

Region Overview:

United States had the highest growth rate of all regions.

Company Overview

The top three companies are Gemalto, STMicroelectronics, NXP Semiconductors, with the revenue market share of 23.18%, 19.59% and 14.11% in 2017.

STMicroelectronics is a French-Italian multinational electronics and semiconductor manufacturer headquartered in Geneva, Switzerland. It is commonly called ST, and it is Europe's largest semiconductor chip maker based on revenue. While STMicroelectronics corporate headquarters and the headquarters for EMEA region are based in Geneva, the holding company, STMicroelectronics N.V. is registered in Amsterdam, Netherlands.

Infineon Technologies AG is a German semiconductor manufacturer founded on 1 April 1999, when the semiconductor operations of the parent company Siemens AG were spun off to form a separate legal entity. As of 30 September 2016, Infineon had 36,299 employees worldwide.

The CCS business provides microcontrollers for mobile phone SIM cards, payment cards, security chips and chip-based solutions for passports, identity cards and other official documents. Infineon delivers a significant number of chips for the new German identity card.[4] In addition, CCS provides solutions for applications with high security requirements such as pay television and Trusted Computing.

Segmentation Overview:

By type, SIP segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Consumer Electronics segment occupied the biggest share from 2017 to 2022.

Key Companies in the global eSIM market covered in Chapter 3:

Sierra Wireless
Gemalto
Telit
NXP Semiconductors
Infineon Technologies
Samsung Electronics
STMicroelectronics

In Chapter 4 and Chapter 14.2, on the basis of types, the eSIM market from 2018 to 2029 is primarily split into:

SMD
SIP

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the eSIM market from 2018 to 2029 covers:

Automotive
Consumer Electronics
Energy & Utilities
Manufacturing
Retail
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)