Increasing Use of Smartphones to Boost the E-SIM Devices Market
The e-SIM devices market worldwide is expected to grow with a CAGR of 32% during the forecast period from 2019 to 2027. The e-SIM devices market worldwide is witnessing rapid growth over the past few years, with growth in the smartphone market. E-SIM, also known as Embedded SIM, can remotely manage multiple mobile network operator subscriptions by complying with GSMA specifications. Remote provision, M2M connections provide seamless and easy mobile connectivity in smartphones. In addition, improved security and convenience offered by these digital technologies over traditional cards have attracted consumers. Due to all these factors, the e-SIM devices market shall witness growth during the forecast period.
Market Synopsis
Consumer Electronics to Continue Dominating the Market
The consumer electronics segment shall dominate the e-SIM devices market. E-SIMs are electronic chips that allow users to send and receive text messages and calls, consult fitness data, read emails, receive notifications, navigate, and browse social networks. These features shall promote the adoption of e-SIMs, thereby driving the e-SIM devices market growth. In addition, growing social-media activities worldwide, the adoption of high-speed data transfer technologies such as 4G and 5G, and developmental technological advancements are the major factors contributing to the growth of this market in this segment. As a result of all these factors, consumer electronics will continue dominating the e-SIM devices market throughout the forecast period.
The Asia Pacific to Register the Fastest Growth
The e-SIM devices market is led by Europe. Europe contributed over 40% to the total revenue of the e-SIM devices market. However, the highest-growing region during the forecast period is Asia-Pacific. Rapid growth in disposable income, adoption of the latest technology, and increasing demand for smartphones and smart devices in the region have majorly supported the growth of the market. China, Japan, and South Korea shall support the strong growth of the Asia-Pacific region. Further, increasing the availability of manufacturers in the region shall significantly contribute to the growth of the region. On account of these factors, Asia Pacific will grow with the highest CAGR throughout the forecast period.
Some of the prominent players operating in the e-SIM devices market include Deutsche Telekom AG, Gemalto NV, Giesecke & Devrient GmbH, Infineon Technologies AG, NTT DOCOMO, INC., NXP Semiconductors N.V., Sierra Wireless, Inc., Singapore Telecommunications Limited, STMicroelectronics, Telefónica, S.A., Samsung Electronics, Singtel, Apple, Inc., and AT&T among others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The e-SIM devices market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global e-SIM devices market based on vertical type, application, and geography. Key segments covered in the report are as follows:
Segmentation Vertical Type (2017–2027; US$ Bn)
Automotive
Consumer Electronics
Energy & Utilities
Manufacturing
Retail
Transportation & Logistics
Application Type (2017–2027; US$ Bn)
Connected Cars
Laptops
M2M
Smartphones
Tablets
Wearables
Geography (2017–2027; US$ Bn)
North America (the U.S., Rest of North America)
Europe (U.K., Germany, France, Rest of Europe)
Asia Pacific (China, Japan, India, Rest of Asia Pacific)
Rest of the World (Middle East & Africa, Latin America)
Unique data points of this report
Statistics on smart equipment/devices worldwide
Recent trends across different regions in terms of the adoption of e-SIM devices across various applications
Notable developments going on in the e-SIM market
Attractive investment proposition for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Frequently asked questions :
The market for E-SIM Devices Market is expected to reach US$ XX Bn in 2027.
The E-SIM Devices Market is expected to see significant CAGR growth over the coming years, at 32%.
The report is forecasted from 2019-2027.
The base year of this report is 2018.
Deutsche Telekom AG, Gemalto NV, Giesecke & Devrient GmbH, Infineon Technologies AG, NTT DOCOMO, Inc., NXP Semiconductors N.V. are some of the major players in the global market.
