"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 2025, 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.

"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.

"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.

Historical & Forecast Period

This study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Embedded SIM market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Embedded SIM market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Embedded SIM market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2033.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Embedded SIM market?
• Which is the largest regional market for Embedded SIM market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Embedded SIM market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Embedded SIM market worldwide?