eSIM Market Size is projected to reach USD 17.5 Billion by 2030, growing at a CAGR of 10.2%: Straits Research

The global eSIM market size was estimated to be at USD 7.3 billion in 2021 and is expected to reach USD 17.5 billion by 2030, growing at an estimated CAGR of 10.2 % from 2022 to 2030. The North American eSIM market held the most outstanding market share and is expected to grow at a CAGR of 11.5% during the forecast period. Likewise, the European eSIM market is projected to grow at a CAGR of 10.1% during the forecast period.

| Source: Straits Research Straits Research

New York, United States, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Market expansion is driven by the increasing rise of IoT-connected devices in consumer electronics and M2M applications. The frequency with which eSIM profiles were downloaded onto consumer devices increased. eSIM has enormous potential in the automobile industry and is projected to generate lucrative growth opportunities.

The development of eSIM in the automotive industry has allowed incredible flexibility for equipping trucks and cars with cellular connectivity and enabling new features and capabilities. It is anticipated that all automobiles will be provided with cellular technology in the future, resulting in a better driving experience made possible by unique linked services. Supporting the GSMA Embedded SIM Specification to enhance vehicle connectivity, the automotive sector has taken a significant step toward enabling the next generation of connected vehicles. This is meant to strengthen the security of several linked services.


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Rising Reliability of M2M Systems and Growing Need for Innovative Consumer Electronics Drives the Global Market

M2M systems provide advantages such as reduced maintenance costs and downtime, real-time data monitoring, identification of service timing, remote operation, and low power usage. Several industries, including manufacturing, security, telemedicine, robotics, automotive, industrial, and utilities, have implemented M2M systems due to their advantages. It necessitates enhanced network connectivity, in which eSIM plays a crucial role by providing wireless communication across mobile networks in a connected system.

The demand for smart electronics such as printers, smart glasses, smartphones, tablets, laptops, and wearables is driven by customers' desire to own linked homes. Integrating eSIM into consumer electronic items enables excellent network connectivity, which is necessary for connected homes. eSIM offers simple subscription management throughout the product's lifecycle, product differentiation, remote access, monitoring, streamlined logistics, and high-quality network connectivity, boosting user experience. It has resulted in using eSIM across various applications, ultimately contributing to market expansion.


Increasing Use of IoT and Launching 5G technology Creates Tremendous Opportunities.

The Internet of Things creates new industries and gives network service providers several options. In doing so, IoT is completely changing the ecology of the mobile sector. Demand for intelligent and automated appliances has expanded beyond consumer-oriented devices such as tablets, mobile phones, and laptops. Several industry verticals use smartphones and wearables, including household appliances, monitoring systems in healthcare, agriculture, and utilities, autonomous drones, connected vehicles, and industrial machines.

eSIM technology is the future of 5G since it can be readily fitted into smaller devices like fitness bands, wearables, and smartwatches. The adoption of eSIM allows businesses utilizing IoT systems with cellular-enabled devices to modify their systems to embrace 5G and reap its benefits. With the increasing prevalence of smart devices across several corporate and consumer segments, it is anticipated that the need for mobile and wireless connectivity will also expand dramatically. This creates a new income potential for communication service providers when users purchase data-centric gadgets to broaden their data plans.


Report Scope

Report MetricDetails
Market SizeUSD 17.5 Billion by 2030
CAGR10.2% (2020-2030)
Historical Data2019-2020
Base Year2021
Forecast Period2022-2030
Forecast UnitsValue (USD Billion)
Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments CoveredBy Solution, Application, and Region
Geographies CoveredNorth America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/VendorsKigen, Deutsche Telekom AG, Giesecke+Devrient Mobile Security GmbH, Infineon Technologies AG, KORE Wireless, NXP Semiconductors N.V., Sierra Wireless, STMicroelectronics, Thales Group, Workz Group.
Key Market OpportunitiesIncreasing IoT Adoption Combined with the Introduction of 5G Technology
Key Market DriversReliability Increases on Remote Access for M2M Systems
An increasing need for Innovative Consumer Electronics and the Desire to achieve Miniaturization

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Regional Analysis

The North American eSIM market held the most outstanding market share and is expected to grow at a CAGR of 11.5% during the forecast period. Likewise, the European eSIM market is projected to grow at a CAGR of 10.1% during the forecast period. These regions are pioneers in adopting the most recent technologies. At the same time, they are home to some of the most notable market participants, like NXP Semiconductors N.V., STMicroelectronics, and Giesecke+Devrient Mobile Security GmbH, among others. These regions are also experiencing an increase in the prevalence of smart linked devices and connected automobiles. Due to these variables, it is anticipated that these two regions will maintain their dominance during the projected period.


Key Highlights

  • The global eSIM market was valued at USD 7,337.2 million in 2021. It is expected to reach USD 17,585.9 million by 2030, growing at a CAGR of 10.2% during the forecast period (2022–2030).
  • Based on solutions, the global eSIM market is classified into Hardware and Connectivity. The connectivity services segment accounted for the largest market share and is expected to grow at a CAGR of 9.2% during the forecast period.
  • Based on application, the global eSIM market is divided into consumer electronics and M2M. The M2M segment is dominating and is expected to grow at a CAGR of 9.6 % during the forecast period.
  • The global eSIM market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The North American eSIM market held the most outstanding market share and is expected to grow at a CAGR of 11.5% during the forecast period.


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Competitive Players

The global eSIM market’s major players are

  • Kigen, Deutsche Telekom AG
  • Giesecke+Devrient Mobile Security GmbH
  • Infineon Technologies AG
  • KORE Wireless
  • NXP Semiconductors N.V
  • Sierra Wireless
  • STMicroelectronics
  • Thales Group
  • Workz Group.


Global E-SIM Market: Segmentation

By Solution

  • Hardware
  • Connectivity services

By Application

  • Consumer Electronics
  • M2M
  • Automotive
  • Smart Meter
  • Logistics

By Regions

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa


TABLE OF CONTENT

  1. Introduction
    1. eSIM Market Definition
    2. eSIM Market Scope
  2. Research Methodology
    1. Primary Research
    2. Research Methodology
    3. Assumptions & Exclusions
    4. Secondary Data Sources
  3. Market Overview
    1. Report Segmentation & Scope
    2. Value Chain Analysis: eSIM Market
    3. Key eSIM Market Trends
      1. Drivers
      2. Restraints
      3. Opportunities
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
    5. Market Share Analysis
  4. Solution Overview
    1. Introduction
      1. Market Size & Forecast
    2. Hardware
      1. Market Size & Forecast
    3. Connectivity services
      1. Market Size & Forecast
  5. Applications Overview
    1. Introduction
      1. Market Size & Forecast
    2. Consumer Electronics
      1. Market Size & Forecast
    3. M2M
      1. Market Size & Forecast
  6. Regional Overview
    1. Introduction
      1. Market Size & Forecast
    2. America
      1. North America
      2. U.S.
        1. By Solution
        2. By Applications
      3. Canada
        1. By Solution
        2. By Applications
      4. Mexico
        1. By Solution
        2. By Applications
      5. Latin America
        1. By Solution
        2. By Applications
    3. Europe
      1. Market Size & Forecast
      2. Germany
        1. By Solution
        2. By Applications
      3. France
        1. By Solution
        2. By Applications
      4. U.K.
        1. By Solution
        2. By Applications
      5. Italy
        1. By Solution
        2. By Applications
      6. Spain
        1. By Solution
        2. By Applications
      7. Rest of Europe
        1. By Solution
        2. By Applications
    4. Asia Pacific
      1. Market Size & Forecast
      2. Japan
        1. By Solution
        2. By Applications
      3. China
        1. By Solution
        2. By Applications
      4. Australia
        1. By Solution
        2. By Applications
      5. India
        1. By Solution
        2. By Applications
      6. South Korea
        1. By Solution
        2. By Applications
      7. Rest of Asia-Pacific
        1. By Solution
        2. By Applications
    5. Middle East & Africa
      1. Market Size & Forecast
      2. Saudi Arabia
        1. By Solution
        2. By Applications
      3. South Africa
        1. By Solution
        2. By Applications
      4. Kuwait
        1. By Solution
        2. By Applications
      5. Rest of Middle East & Africa
        1. By Solution
        2. By Applications
  7. Company Profile
    1. Kigen
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
    2. Deutsche Telekom AG
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
    3. Giesecke+Devrient Mobile Security GmbH
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
  8. Conclusion & Recommendation
  9. Acronyms & Abbreviations


Table of Content and Figure https://straitsresearch.com/report/esim-market/toc


Market News

  • In March 2022, Deutsche Telekom and Tele2 complete sale of T-Mobile Netherlands.
  • In May 2022, Deutsche Telekom’s stake in voting rights in Greek subsidiary OTE increased to 50 %.
  • In May 2022, Convenient and secure private 5G networks: G+D is part of the 5G Smart Venue at HANNOVER MESSE 2022
  • In May 2022, Infineon introduced the highly integrated and scalable wireless charging platform WLC with Qi-compliant and configurable controllers.


News Media
Technology Trends to Watch Out For the Telecom Industry in 2020
Impact of COVID-19 on the Telecom Sector
Increase in the Need for Broadband and Mobile Speeds Bolstered the Growth of the Global Millimeter Wave Technology Market
Small Cell 5G Network: The Future of 5G Revolution
The Enterprise Mobility Management Industry is Being Propelled Ahead By an Increase in the Amount of Data and Mobile Devices Being Used in Enterprises.


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Machine-to-Machine (M2M) Healthcare Market: Information by Technology (Wired, Wireless) Application (Remote Health Monitoring, Clinical Monitoring, Fitness) and Region-Forecast Till 2026

Security Software in Telecom Market: Information by Type (Cloud-Based and On-Premise), Enterprise Type (Large Enterprises and Government Organizations) and Region — Forecast Till 2026.

Passive and Interconnecting Electronic Components Market: Information by Component Type (Passive, Interconnecting), Application (Consumer Electronics), and Region — Forecast till 2030

Data Center Colocation Market: Information by Colocation Type (Retail and Wholesale), Enterprise Size (SMEs and Large Enterprise), End-User (IT & Telecom), and Region — Forecast till 2030


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eSIM Market eSIM Market Share M2M applications cellular technology cellular networks reduced maintenance smart electronics eSIM

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