eSIM Market by Application (Connected Cars, Laptops, M2M), Vertical

List of Tables

[199 Pages Report] The eSIM Market size was estimated at USD 11.76 billion in 2023 and expected to reach USD 13.54 billion in 2024, at a CAGR 15.27% to reach USD 31.82 billion by 2030.

An Embedded Subscriber Identity Module (eSIM) is a digital SIM that allows users to activate a cellular plan from a carrier without the requirement of a physical SIM card. eSIMs serve the same purpose as traditional SIM cards; however, they are built into the device and cannot be removed. This technology enables easier switching between carriers and plans and supports multiple accounts that can be managed directly from the device's settings. eSIMs provide greater flexibility and simplify the process of device connectivity, which is especially valuable for modern Internet of Things (IoT) applications, smart devices, and frequent travelers. The eSIM market is fueled by the rapid surge in Internet of Things (IoT) device adoption, offering a vital compact solution for improved global connectivity and remote carrier switches. The prevalence of eSIM is further propelled by consumer demand for enhanced connectivity amidst travel and device shifts. However, adopting the eSIM standard entails considerable security threats associated with connected systems, which are potential barriers to expansion. The rollout of 5G presents a lucrative market opportunity, as this technology is anticipated to amplify network capabilities and revolutionize the user experience, thereby driving eSIM usage.

KEY MARKET STATISTICS
Base Year [2023]	USD 11.76 billion
Estimated Year [2024]	USD 13.54 billion
Forecast Year [2030]	USD 31.82 billion
CAGR (%)	15.27%

Application: Significant penetration of eSIM in smartphones

Embedded SIM (eSIM) technology is revolutionizing the way devices connect to cellular networks, offering unparalleled flexibility and efficiency across various applications. In the realm of connected cars, eSIMs ensure continuous cellular connectivity, empowering real-time navigation, telematics, and advanced vehicle diagnostics capabilities. In laptops and tablets, this technology means constant internet access without the reliance on external data solutions, significantly enhancing mobility and ease of use. In the burgeoning sector of machine-to-machine (M2M) communications, eSIMs stand as a cornerstone for the seamless interaction of devices within industries such as the Internet of Things (IoT), smart utilities, and healthcare monitoring, fostering innovation and efficiency. Smartphones equipped with eSIMs allow for effortless carrier switching and dual account management, greatly simplifying the user experience for both personal and business communication. Furthermore, the integration of eSIMs into wearables, such as smartwatches, opens up a new frontier of connectivity, enabling these devices to offer call, message, and internet services autonomously, without the need for a smartphone intermediary.

Vertical: eSIM revolutionizing connectivity in automotive industry

In the automotive industry, eSIM technology is revolutionizing connected vehicle technologies by facilitating advanced features such as autonomous driving support, emergency services, and in-car entertainment systems, significantly enhancing the driving experience and vehicle performance. Similarly, in consumer electronics, eSIMs are increasingly adopted in devices such as tablets, smartphones, and wearables. The energy and utilities sector is leveraging eSIM technology to implement smart grid applications and remote monitoring systems, thereby promoting efficient energy management and improved distribution networks. In manufacturing, eSIMs play a crucial role in enabling remote supervision, predictive maintenance, and machine-to-machine (M2M) connectivity, leading to optimized supply chains and manufacturing processes. Retailers are incorporating eSIM technology into smart shelves, point-of-sale (POS) systems, and inventory management to enhance operational efficiency and enrich customer experiences. Furthermore, the transportation and logistics sector benefits from eSIM technology through improved tracking and fleet management solutions, enhancing route optimization, cargo monitoring, and visibility across the supply chain, marking a significant step forward in the digital transformation of these industries.

Regional Insights

The eSIM market in the Americas is experiencing vigorous growth, primarily fueled by robust adoption of consumer electronics and significant investments in eSIM technology by leading telecommunications companies in the U.S. Latin America is also on an upward trend, it progresses at a more moderate pace due to growing smartphone adoption and enhancements in telecom infrastructure. The EMEA region displays a varied growth landscape, with Europe having eSIM adoption driven by strict digital transformation regulations and a high presence of eSIM solution providers. The demand for smart devices and IoT applications, alongside advancements in the automotive sector are key factors pushing the market forward. The Middle East and Africa are witnessing a gradual increase in adoption, with Gulf countries spearheading due to strategic smart city and IoT initiatives. The Asia-Pacific region is witnessing accelerated growth in the eSIM market, propelled by the rapid adoption of smartphones and IoT devices in China, Japan, South Korea, and Australia. The increased 5G investments, and government policies favoring digital transformation, are further boosting the adoption of eSIM in the Asia-Pacific region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the eSIM Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the eSIM Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the eSIM Market, highlighting leading vendors and their innovative profiles. These include Apple, Inc., AT&T Inc., Deutsche Telekom AG, Etisalat Group, Giesecke+Devrient GmbH, GSM Association., IDEMIA Group, Infineon Technologies AG, Kigen Ltd., Maya Virtual, Inc., Microsoft Corporation, NTT Docomo Inc., NXP Semiconductors N.V., Oasis Smart SIM, Orange S.A., Quectel Wireless Solutions Co., Ltd., Samsung Electronics Co., Ltd., Sierra Wireless, Inc., Singapore Telecommunications Limited, STMicroelectronics N.V., TelcoVillage GmbH, Telefonica, S.A., Telenor Connexion AB, Telit Communications, Thales Group, and Vodafone Group PLC.

Market Segmentation & Coverage

This research report categorizes the eSIM Market to forecast the revenues and analyze trends in each of the following sub-markets:

Application
- Connected Cars
- Laptops
- M2M
- Smartphones
- Tablets
- Wearables

Vertical
- Automotive
- Consumer Electronics
- Energy & Utilities
- Manufacturing
- Retail
- Transportation & Logistics

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the eSIM Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the eSIM Market?

3. What are the technology trends and regulatory frameworks in the eSIM Market?

4. What is the market share of the leading vendors in the eSIM Market?

5. Which modes and strategic moves are suitable for entering the eSIM Market?

Product Code: MRR-A77F2EE7AC48

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising Focus on Remote SIM Provisioning for M2M
  - 5.1.1.2. Growth in the Number of IoT Connected Devices in Different End-Use Verticals
  - 5.1.1.3. Policy and Regulatory Aspects Related to M2M Communications
- 5.1.2. Restraints
  - 5.1.2.1. Rising Security Concerns
  - 5.1.2.2. Issues in Transfer of the Credentials into a Different Device
- 5.1.3. Opportunities
  - 5.1.3.1. eSIM for 5G Cellular Connectivity to IoT-M2M Devices
  - 5.1.3.2. Rising Smart Vehicle Segment
- 5.1.4. Challenges
  - 5.1.4.1. Technical challenges in eSIM integration and deployment
5.2. Market Segmentation Analysis
- 5.2.1. Application: Significant penetration of eSIM in smartphones
- 5.2.2. Vertical: eSIM revolutionizing connectivity in automotive industry
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization

6. eSIM Market, by Application

6.1. Introduction
6.2. Connected Cars
6.3. Laptops
6.4. M2M
6.5. Smartphones
6.6. Tablets
6.7. Wearables

7. eSIM Market, by Vertical

7.1. Introduction
7.2. Automotive
7.3. Consumer Electronics
7.4. Energy & Utilities
7.5. Manufacturing
7.6. Retail
7.7. Transportation & Logistics

8. Americas eSIM Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific eSIM Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa eSIM Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
- 11.3.1. Sensorise Launched Travel eSIM for Consumers
- 11.3.2. Telefonica Invests in Airalo in a Round That Closes with 60 Million Dollars
- 11.3.3. IDEMIA collaborates with Microsoft to Provide Next-generation eSIM Connectivity Services

12. Competitive Portfolio

12.1. Key Company Profiles
12.2. Key Product Portfolio