"Rapidly Growing Number of Connected Devices Worldwide to Spur the eSIM Market Worldwide"
The eSIM market worldwide is expected to grow with a CAGR of 25.6% during the forecast period. Embedded SIM (eSIM) are the next generation SIM cards, directly embedded in a device such as smartphones, laptops, tablets, wearables and other mobile devices. Unlike conventional SIM cards, eSIM incorporate a reprogrammable chip; this allows the user to switch between networks over-the-air without any need for physically replacing the SIM card. Embedded SIM cards offer numerous benefits over conventional SIM cards including their rugged nature, small size, secure & interoperability, easier handling for mobile network operators (MNOs) and several others. The market growth is highly driven by the rapidly growing number of connected devices worldwide. Ericsson projects over 29 Bn connected devices by 2022, of which over 18 Bn devices will be related to IoT. Of these over 70% of the devices are expected to rely on cellular technology for communication. As a result, eSIM market holds immense potential for growth in the near future.
Market Synopsis
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"Rapidly Growing Number of Connected Devices to Ensure Dominance of Consumer Electronics Segment"
In 2017, consumer electronics segment led the market with more than 1/4th of the total market size, in terms of value and volume. Consistent proliferation of consumer electronic devices including smartphones, laptops, tablets and wearables among others is the most prominent factor supporting the segment growth. Wearables are among the most promising applications of eSIM due to strict requirement of small size SIM card. Apple, Inc. is one of the first companies to embrace eSIM with an aim to add seamless connectivity to its Apple Watch Series 3 and 4. Apple’s iPhone XS and iPhone XS Max are other products featuring eSIM. Subsequently, more number of consumer electronics & mobile devices manufacturers are expected to turn towards eSIM cards as an effort to provide seamless and convenient connectivity to their customers.
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"Consistent Design Improvement in Designs to Ensure a Competitive Market"
Some of the prominent players operating in the eSIM market include STMicroelectronics N.V., Gemalto NV, Deutsche Telekom AG, NXP Semiconductors N.V., Infineon Technologies AG, Giesecke & Devrient GmbH, Vodafone Plc., Idemia France SAS, Sierra Wireless, Inc. and NTT DOCOMO among others.
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Historical & Forecast Period
This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2018 to 2026.
Report Scope by Segments
The eSIM market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global eSIM market based on form factor, application, industry vertical and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2016-2026 |
| Base Year |
2017 |
| Forecast Period |
2018-2026 |
| Historical Year |
2016 |
| Unit |
USD Million |
| Segmentation |
Form Factor Segment (2016–2026; US$ Mn)
• Removable (1FF, 2FF, 3FF, 4FF)
• Embedded
|
|
Application Segment (2016–2026; US$ Mn)
• Connected Cars
• Laptops
• Smartphones & Tablets
• Wearables
• M2M
|
|
Industry Vertical Segment (2016–2026; US$ Mn)
• Consumer Electronics
• Automotive
• Oil & Gas
• Energy & Utilities
• Manufacturing
• Retail
• Transportation & Logistics
|
|
Geography Segment (2016–2026; US$ Mn)
• North America (U.S. and Rest of North America)
• Europe (U.K., Germany, France, and Rest of Europe)
• Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
• Rest of World (Middle East & Africa (MEA), Latin America)
|
Key questions answered in this report
- What was the market size of eSIM in 2017 and forecast up to 2026?
- Which is the largest regional market for eSIM?
- What are the major trends followed in overall eSIM across different regions?
- Who are the key eSIM companies leading the market?
- What are the key strategies adopted by the leading eSIM companies in market?
Unique data points of this report
- Statistics on IoT, connected devices and smartphones sectors
- Recent trends across different regions in terms of adoption of eSIM across different applications
- Attractive investment proposition for form factor segment as well as geography
- Comparative scenario for all the segments for years 2017 (actual) and 2026 (forecast)
- Market size in terms of revenue and volume for eSIM
