Embedded SIM Market By Form Factor (Removable and Embedded), By Application (Connected Cars, Laptops, Smartphones & Tablets, Wearables and M2M), By Industry Vertical (Consumer Electronics, Automotive, Oil & Gas, Energy & Utilities, Manufacturing, Retail and Transportation & Logistics) – Growth, Future Prospects and Competitive Analysis, 2018 - 2026

Rapidly Growing Number of Connected Devices to Drive the Global eSIM Market

The eSIM market worldwide is expected to grow at a CAGR of 25.6% during the forecast period. Embedded SIM (eSIM) cards are the next generation of SIM cards that are directly embedded in a device, such as a smartphone, laptop, tablet, wearable, or other mobile devices. Unlike traditional SIM cards, eSIM includes a reprogrammable chip, allowing the user to switch networks over the air without physically replacing the SIM card. Embedded SIM cards offer numerous benefits over conventional SIM cards, including their rugged nature, small size, security and interoperability, easier handling for mobile network operators (MNOs), and several others. The market's 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, the eSIM market holds immense potential for growth in the near future.

Market Synopsis

Rapidly Growing Number of Connected Devices to Ensure Consumer Electronics Segment Dominance

In 2017, the consumer electronics segment led the market with more than 1/4th of the total market size in terms of value and volume. The consistent proliferation of consumer electronic devices, including smartphones, laptops, tablets, and wearables, among others, is the most prominent factor supporting segment growth. Wearables are among the most promising applications of eSIM due to the strict requirement of a small-size SIM card. Apple, Inc. is one of the first companies to embrace eSIM with the aim of adding seamless connectivity to its Apple Watch Series 3 and 4. Apple's iPhone X.S. and iPhone XS Max are other products featuring eSIM. Subsequently, more consumer electronics and mobile device manufacturers are expected to turn towards eSIM cards in an effort to provide seamless and convenient connectivity to their customers.

Consistent Design Improvements to Maintain 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.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was 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 the global eSIM market based on form factor, application, industry vertical, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

• What was the market size of eSIM in 2017, and what is the 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 the market?

This report's distinct data points

• Statistics on the IoT, connected devices, and smartphone sectors
• Recent trends across different regions in terms of the adoption of eSIM across different applications
• appealing investment proposition for form factor segments and geography
• Comparative scenario for all the segments for years 2017 (actual) and 2026 (forecast)
• The market size in terms of revenue and volume for eSIM

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