eSIM Market Growth and New Technology 2022-2027

IMARC Group’s latest research report, titled “eSIM Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” the global eSIM market size is expected to exhibit a CAGR of 21.41% during 2022-2027.  

Embedded SIM (eSIM) is a type of programmable card that is permanently implanted into a device. It is a small hardware chipset that authenticates user identity and activates a mobile plan and stores data and multiple operator profiles on a device simultaneously. It is extensively incorporated in smartphones, connected vehicles, tablets, laptops, and machine-to-machine (M2M) operations. In comparison to traditional SIM cards, it improves reliability, network and security while decreasing the need for physically handling SIM cards. As a result, it is gaining traction across the globe due to its numerous advantages, such as mitigating the need for specific slots, requiring less space, supporting mobile carriers and easy activation.

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eSIM Market Demand:

The global market is majorly driven by significant growth in the industrial sector. This can be attributed to the escalating utilization of eSIMs across the manufacturing, energy and utility, automotive, and electronics industries. For instance, eSIMs are widely utilized in the automotive industry for connected vehicles in infotainment systems, such as assisted driving, navigation and vehicle telematics is significantly supporting the market growth. Besides this, the widespread product adoption in machine-to-machine (M2M) operations and applications, including smart meters, are impacting the market growth favorably. Moreover, the accelerating integration of eSIM in smart wearables and smartphones due to its higher connectivity property and enhanced safety feature is creating a positive market outlook. Some of the other factors driving the market further include rapid urbanization and inflating disposable income.

 Key Players Included in Global eSIM Market Research Report:

• Apple Inc
• Arm Limited
• AT&T Inc
• Deutsche Telekom AG
• Giesecke+Devrient GmbH
• IDEMIA
• Infineon Technologies AG
• NTT Docomo Inc. (Nippon Telegraph and Telephone Corporation)
• NXP Semiconductors N.V.
• Samsung Electronics Co. Ltd
• Sierra Wireless
• STMicroelectronics
• Telefónica S.A
• Thales Group 
• Vodafone Group Plc

Key Market Segmentation:

Breakup by Type:

• Data-Only eSIM
• Voice, SMS and Data eSIM

Breakup by Solution:

• Hardware
• Connectivity Services

 Breakup by Application:

• Connected Car
• Smartphone and Tablet
• Wearable Device
• M2M
• Others

 Breakup by Industry Vertical:

• Automotive
• Consumer Electronics
• Manufacturing
• Telecommunication
• Transportation and Logistics
• Others

 Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report: 

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape