Global E-Sim Card Market 2023-2030

Global E-Sim Card Market 2023-2030

Global E-SIM Card Market Size, Share & Trends Analysis Report Market by Solution Type (Hardware, and Connected Services), by Application (Connected Cars, Smart Home Appliances, M2M(Machine-to-machine), Smartphones, Others), and by Vertical (Automotive, Consumer Electronics, Energy & Utilities, Manufacturing, Transportation & Logistics, and Other Verticals) Forecast Period (2023-2030)

The global e-sim card market is anticipated to grow at a considerable CAGR of 17.8% during the forecast period. An E-SIM (embedded SIM) is an industry-standard digital SIM that allows you to activate a mobile data plan from your network provider without having to use a physical SIM. Numerous consumer goods, including cellphones, wearable technology, and laptops, use e-sim cards. They are also a part of connected cars, smart meters, medical IoT devices, home automation, security systems, handheld POS (Point of Sales) systems, and medical IoT devices.

The major drivers of the E-SIM market are the growing trend among smartphone manufacturers to integrate E-SIM into the device is predicted to fuel demand and contribute to growth. For instance, Samsung's inclusion of E-SIM technology in its S20 range of devices to positively impact the adoption of E-SIM in smartphones, which was previously confined to limited brands such as Apple and Google. In August 2020, NXP Semiconductors N.V. announced that NXP's embedded SIM (E-SIM), Secure Ultra-Wideband (UWB) fine-ranging solution, as well as Secure Element (S.E.) and Near Field Communication (NFC) unit, are deployed in Samsung's new Galaxy Note20 Ultra. And other factors such as increasing disposable income, rapid urbanization, and the introduction of innovative products are also primed to fuel this market expansion.

Increasing security threats are expected to hamper the E-SIM market growth. This is because of rising technological advancement, the proliferation of M2M services, and the penetration of IoT devices. Thus, it becomes complex to secure E-SIM devices from various cyber threats. These factors are expected to hamper the market growth during the forecast period.

Segmental Outlook

The global e-SIM Card market is segmented by solution type, application, and vertical. By solution type, the market is segmented into hardware and connected Services. By application, the market is sub-segmented into connected cars, smart home appliances, M2M(Machine-to-machine), smartphones, vehicle tracking, wearables, and others (drones, smart Meters, smart Grids). By vertical, the market is segmented into automotive, consumer electronics, energy and utilities, manufacturing, retail, transportation and logistics, and other verticals. The connectivity service segment—which includes voice and data plans, IoT connectivity solutions, and other services—dominates the market.

M2M Devices is Expected to Register Considerable Growth during the Forecast Period

Due to the numerous benefits offered by the implementation of E-SIM in M2M devices, including simpler device setup without the requirement of inserting or replacing a SIM card, improved reliability and security, sleek design, and no requirement of a connector, the M2M application is anticipated to hold a considerable share of the market during the forecast period. Additionally, eSIM makes it possible to handle M2M devices, many of which are hermetically sealed and situated remotely, effectively.

Regional Outlook

The global e-sim card market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). The Asia Pacific E-SIM Market is expected to witness largest market growth during the forecast period. Prominent smartphone players such as Huawei and Samsung electronics have launched E-SIM smartphones in the region that are driving E-SIM momentum.

North America is Expected to Hold a Significant Market Share in the E-SIM Card Market during the forecast period

North American region is expected to hold significant share as it is the first region that rolled out the support for E-SIM, and major carriers in the region provide the E-SIM service. In the United States, AT&T, T-Mobile, Truphone, Ubigi, and Verizon Wireless offers the support of E-SIM functionality, whereas, in Canada, Bell, Freedom, Fido, Koodo, Lucky Mobile, Rogers, Telus, and Virgin provide the support. In January 2020, Telus and its sub-brand Koodo announced the support of E-SIM in Canada. The supported list of phones includes the iPhone 11 series and XS series, Google Pixel 3a and 4 series, Motorola Razr and Samsung Galaxy Fold. Among other devices such as smartwatches, laptops, and tables, the Samsung Galaxy Watch Series, Apple iPad Pro 11-inch, and Surface Pro X support the E-SIM functionality offered by Telus and Koodo.

Market Players Outlook

The major companies serving the global E-SIM market include Apple Inc., Infineon Technologies AG, Giesecke+Devrient GmbH, Gemalto, STMicroelectronics NV, Kigen Ltd, Valid S.A., KORE Wireless, and Edgewater Wireless among others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in September 2022, Workz Group, an E-SIM & SIM solutions provider, partnered with Monogoto, a connectivity-as-a-service cloud provider, to establish a cloud platform for consumers and Machine-to-machine (M2M) E-SIM devices.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global E-SIM market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.