The market for Embedded SIM Market is expected to reach US$ XX Bn in 2026.
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.
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.
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.
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:
The market for Embedded SIM Market is expected to reach US$ XX Bn in 2026.
The Embedded SIM Market is expected to see significant CAGR growth over the coming years, at 25.6%.
The report is forecasted from 2018-2026.
The base year of this report is 2017.
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 are some of the major players in the global market.