ESIM MARKET ANALYSIS

eSIM MarketSize and Trends

The term eSIM means embedded SIM card. In other words, eSIM is form of programmable SIM card that is embedded directly into a device. eSIM is a small chip that is used to authenticate user identity with his or her carrier. eSIM provides many advantages such as support multiple accounts, allow switching to various mobile network operators and also manages accounts by updating the software setting from user devices. eSIM finds its applications in smartphones, laptop, tablet, wearable’s, connected car, M2M, and many others. These factors are expected to drive the market growth during the forecast period.

The global eSIM market is expected to witness significant growth during the forecast period (2017–2030) due to increasing demand from consumer electronics such as smartphones, tablets, and others. According to Coherent Market Insights, in China, the penetration of smartphones increased from 676.5 million in 2017 to 782.3 million in 2020. Furthermore, increasing disposable income in developed and emerging economies has led to higher spending on smartphone devices. According to the National Bureau of Statistics (NBS), China’s rural and urban per capita disposable income reached US$ 5,658.45 from US$ 2,107.2 in 2018. Moreover, according to the U.S. Bureau of Economic Analysis (BEA), disposable personal income in the U.S. increased to US$ 16,706.40 billion in December 2019 from US$ 16,675.80 billion in November 2019. Moreover, smartphone manufactures are focusing on developing new advanced technology smartphones and several telecom industries are getting benefits due to these new developments. Thus, growth in the smartphone industry has led many telecom industries to design and develop eSIM with advanced features and replaced traditional SIM card adoptions. The growing trend in smartphone adoption is expected to boost the eSIM market as smartphone manufacturer are emphasizing on offering their products with eSIM.

 The Global eSIM Market was valued at US$ 10843.5 Mn in 2021.

Figure 2: Global eSIM Market (US$ Mn) Analysis and Forecast, 2017 - 2030

The global eSIM market was valued at US$ 10843.5 Mn in 2021 and is expected to reach US$ 42158.6 Mn by 2030, growing at a CAGR of 16.5% between 2022 and 2030.

Major players operating in the global eSIM market include Infineon Technologies AG, STMicroelectronics, Deutsche Telekom AG, Giesecke+Devrient Mobile Security GmbH, Thales Group, KORE Wireless, Arm Limited, Truphone Limited, Workz Group, Sierra Wireless, NXP Semiconductors, AT&T