eSIM Market

eSIM Market by Solutions (Hardware and Connectivity Services), Applications (Consumer Electronics and M2M), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021–2028

  • Report ID: ICT-SE-366
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 179
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The global eSIM market is projected to expand at a CAGR of 14.8% during the forecast period, 2021 – 2028. The growth of the market is attributed to the rising number of Internet of Things (IoT) connected devices in various end-use verticals such as automotive, consumer electronics, and energy and utilities.

eSIM is a hardware chipset that is installed in a cellular phone where mobile network operators (MNOs) store their data through radio signals. The size of eSIM is smaller than a Nano sim and is reprogrammed by a software. An eSIM provides all services that traditional SIM cards provides to the user. Additionally, eSIM offers various benefits such as supporting multiple mobile carriers, making the subscription management easier for the device end-user. It also eliminates the need for handling several physical SIM cards by the end-user.

eSIM Market Key Takeaways

Increasing adoption of wireless cellular-based solution among different end-use verticals is due to the features of eSIM technology that provides security, reliability, and cost-efficient cellular connectivity for IoT/M2M applications. eSIM technology enables secure Machine-to-Machine communication, thereby innovating the connected ecosystem. eSIMs are directly soldered to the circuit, thereby ensuring their physical security, thus making it impossible to remove the SIM for the device for misuse.

Market Drivers, Restraints, Trends, and Opportunities

  • Increasing number of M2M connections globally is driving the market growth.
  • Rising adoption of eSIMs in M2M applications such as connected cars, retail POS, and smart meters is anticipated to boost the growth of the market.
  • eSIM requires less space in M2M devices, thus increasing its adoption in M2M applications.
  • Lack of technological awareness among end-users and smaller number of MNOs supporting eSIM technology are restraining the market growth.
  • Absence of technical support in many countries can the adoption of eSIM technology among telecom carriers. For instance, Apple Inc. has announced the launch of different models of iPhones having preinstalled eSIM in it. However, in countries such as India and Japan, all carriers are not supporting eSIM technology, thus affecting the market growth
  • An eSIM collects and stores the data of MNOs in an in-built software of the device that is prone to various security hacks. Additionally, it operates through multiple MNOs and physical platforms, which exposes it to the risks of the virtual environment. Thus, such factors can impede the market growth.
  • The emergence of COVID-19 pandemic has adversely affected the global eSIM market. Various government restrictions to control spread of the disease has resulted in supply chain disruptions.
  • eSIM removes the inconvenience of changing service providers. Additionally, it leads to operational efficiency and provision of secure environment. The latest embedded SIM cards offer guaranteed profile interoperability, thereby spurring the growth of global eSIM market.

Scope of the Report

The report on the global eSIM Market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

eSIM Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Solutions (Hardware and Connectivity Services) and Applications (Consumer Electronics and M2M)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Infineon Technologies AG, NXP Semiconductors N.V., STMicroelectronics, Deutsche Telekom AG,   Giesecke+Devrient Mobile Security GmbH, Gemalto NV, ARM Holdings and KORE Wireless Group Inc


Global eSIM Market Segment Insights

Connectivity services segment to account for a significant market share.
On the basis of solutions, the market is segmented into hardware and connectivity services. The connectivity services segment is anticipated to account for a significant market share during the forecast period. Connectivity services are the services provided by the MNOs for secure and remote handling of cellular subscriptions of the end-users. Increasing adoption of eSIMs for M2M connections is positively impacting the subscription services provided by the network operators. Moreover, MNOs offer connectivity services that create revenue generation opportunities for network providers.

The hardware segment is expected to expand at a substantial growth rate owing to the increasing adoption of eSIMs by consumer electronics manufacturers. Furthermore, growing adoption among smartphone manufacturers to insert eSIM in the device to save space is driving the segment growth.

M2M segment expected to account for a considerable market share.
Based on applications, the market is bifurcated into consumer electronics and M2M. The M2M segment is further divided into energy & utilities and automotive. While the consumer electronics segment is segregated into smartphones and wearables The M2M segment is expected to account for a considerable market share owing to the growing penetration of the product in the automotive industry for M2M connectivity. Additionally, increasing adoption for eSIMs in connected cars and emergency call systems is driving the segment growth.

The consumer electronics segment is projected to expand at a rapid pace during the forecast period. The integration of eSIM in smartphones allow manufacturers to save space as less space is required for the product. For instance, in 2018, Apple Inc. and Goggle LLP announced the introduction of eSIM technology in their smartphones.

eSIM Market By Applications

North America projected to account for a large market share.
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is projected to account for a large market share. Rapid technological advancements and the presence of major network providers such as Giesecke+Devrient Mobile Security GmbH, Gemalto NV, and ARM Holdings in this region are expected to drive the regional market growth.

The market in Asia Pacific market is anticipated to expand at a healthy rate owing to the rising adoption of IoT technology and the increasing demand for embedded connectivity in vehicles. Additionally, increasing adoption of eSIMs in consumer electronics such as smartphones, wearables and laptops is expected to boost the market in the region during the forecast period.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. eSIM Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. eSIM Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. eSIM Market - Supply Chain
  4.5. Global eSIM Market Forecast
     4.5.1. eSIM Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. eSIM Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. eSIM Market Absolute $ Opportunity
5. Global eSIM Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. eSIM Market Size and Volume Forecast by Applications
     5.3.1. Consumer Electronics
     5.3.2. M2M
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global eSIM Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. eSIM Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global eSIM Demand Share Forecast, 2019-2026
7. North America eSIM Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America eSIM Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America eSIM Market Size and Volume Forecast by Applications
     7.4.1. Consumer Electronics
     7.4.2. M2M
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America eSIM Demand Share Forecast, 2019-2026
8. Latin America eSIM Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America eSIM Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America eSIM Market Size and Volume Forecast by Applications
     8.4.1. Consumer Electronics
     8.4.2. M2M
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America eSIM Demand Share Forecast, 2019-2026
9. Europe eSIM Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe eSIM Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe eSIM Market Size and Volume Forecast by Applications
     9.4.1. Consumer Electronics
     9.4.2. M2M
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe eSIM Demand Share Forecast, 2019-2026
10. Asia Pacific eSIM Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific eSIM Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific eSIM Market Size and Volume Forecast by Applications
     10.4.1. Consumer Electronics
     10.4.2. M2M
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific eSIM Demand Share Forecast, 2019-2026
11. Middle East & Africa eSIM Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa eSIM Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa eSIM Market Size and Volume Forecast by Applications
     11.4.1. Consumer Electronics
     11.4.2. M2M
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa eSIM Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global eSIM Market: Market Share Analysis
  12.2. eSIM Distributors and Customers
  12.3. eSIM Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Infineon Technologies AG
     12.4.2. NXP Semiconductors N.V.
     12.4.3. STMicroelectronics
     12.4.4. Deutsche Telekom AG
     12.4.5. Giesecke+Devrient Mobile Security GmbH
     12.4.6. Gemalto NV
     12.4.7. ARM Holdings
     12.4.8. KORE Wireless Group Inc.
Segments Covered in the Report
The global eSIM Market has been segmented on the basis of

Solutions
  • Hardware
  • Connectivity Services
Applications
  • Consumer Electronics
  • M2M
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Infineon Technologies AG
  • NXP Semiconductors N.V.
  • STMicroelectronics
  • Deutsche Telekom AG
  • Giesecke+Devrient Mobile Security GmbH
  • Gemalto NV
  • ARM Holdings
  • KORE Wireless Group Inc.

Some of the key players in the global eSIM market are Infineon Technologies AG, NXP Semiconductors N.V., STMicroelectronics, Deutsche Telekom AG,   Giesecke+Devrient Mobile Security GmbH, Gemalto NV, ARM Holdings and KORE Wireless Group Inc.

Companies are engaging in various business strategies such as collaborations, joint ventures, and mergers & acquisitions. This is aiding manufacturers to improve their market share and helping them to increase their product offering in various regions. Additionally, manufacturers are focusing on the development of advanced technologies and cost-effective solutions.

eSIM allows consumers to change their mobile operators easily, thus increasing number of consumers switching between network providers, which is anticipated to result in intense competition between the network operators.

 eSIM Market By Key Players

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