The global eSIM market was valued at US$ 435.1 million in 2022 and is projected to reach US$ 1900.6 million by 2030, at a CAGR of 23.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

An eSIM, short for embedded Subscriber Identity Module, is like a digital or virtual SIM card that’s built directly into a device. The interesting thing about eSIMs is that they don’t need a physical SIM card to work. Instead, the necessary SIM card information is securely stored within the device’s hardware or firmware.

To get started with an eSIM, users have a couple of options. They can either scan a QR code or use a mobile app from their network carrier. Either way, this process links the device to the carrier’s network, allowing the user to access cellular service, make calls, send messages, and use mobile data without needing a traditional physical SIM card.

One of the main advantages of eSIMs is their flexibility and convenience. They offer the freedom to switch between different network providers without any physical SIM card swapping required. This feature is particularly handy for frequent travelers who might want to use local carrier services when abroad or for those who simply want to change carriers without dealing with a new physical SIM card.

As a result of these benefits, eSIM technology is increasingly becoming commonplace in various devices, ranging from smartphones, smartwatches, tablets, and laptops, to other Internet of Things (IoT) devices. It’s a user-friendly and streamlined approach to cellular connectivity that’s gaining popularity.

eSIM Market aims to provide a comprehensive presentation of the global market for eSIM, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding eSIM. eSIM Market contains market size and forecasts of eSIM in global, including the following market information:

Global eSIM Market Revenue, 2018-2023, 2024-2030, ($ millions)

Global eSIM Market Sales, 2018-2023, 2024-2030, (K Units)

Global top five eSIM companies in 2022 (%)

The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.

IoT M2M-related eSIM Segment to Reach $ Million by 2030, with a % CAGR in next six years.

The global key manufacturers of eSIM include Gemalto, Stmicroelectronics, Infineon Technologies, NXP Semiconductors, Giesecke Devrient, Deutsche Telekom, Telefonica, NTT Docomo and Singtel, etc. in 2022, the global top five players have a share approximately % in terms of revenue.

We surveyed the eSIM manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

• IoT M2M-related eSIM
• Consumer Wearable Device eSIM
• Others

• Connected Cars
• Laptops
• Wearables
• Smartphones
• Tablets
• Others

North America :

• U.S.
• Canada

Europe :

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific :

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America :

• Brazil
• Mexico
• Rest of Latin America

The Middle East Africa :

• South Africa
• GCC Countries
• Rest of the Middle East Africa (MEA)

• Key companies eSIM revenues in global market, 2018-2023 (Estimated), ($ millions)
• Key companies eSIM revenues share in global market, 2022 (%)
• Key companies eSIM sales in global market, 2018-2023 (Estimated), (K Units)
• Key companies eSIM sales share in global market, 2022 (%)

Opportunities:

• There is a rising demand for eSIM-enabled devices across various sectors, including consumer electronics, automotive, and M2M/IoT.
• Mobile operators and device manufacturers are increasingly adopting eSIM technology, leading to its growing adoption in the market.
• The need for global roaming and multi-SIM capabilities is on the rise, presenting a significant opportunity for eSIM technology.
• The popularity of connected devices and the Internet of Things (IoT) is creating a favorable environment for eSIMs to thrive.

Drivers:

• The eSIM market is driven by the increasing demand for global roaming and multi-SIM capabilities. eSIMs offer easy switching between carriers and networks, catering to travelers and users with multiple devices.
• Connected devices and IoT’s growing popularity serve as major drivers for the eSIM market, with eSIMs being an ideal fit due to their small size, easy installation, and remote update capabilities.
• The market’s growth is further propelled by the adoption of eSIM technology by mobile operators and device manufacturers, resulting in a wider range of eSIM-enabled devices becoming available.

Restraints:

• The high cost of eSIM-enabled devices is a key restraint in the market, as they tend to be more expensive compared to traditional SIM card devices.
• A lack of awareness about eSIM technology among consumers hampers its broader adoption, acting as another limiting factor.

Trends:

• The eSIM market is witnessing a growing trend towards the adoption of 5G technology. With 5G networks requiring higher bandwidth and data capacity, eSIMs become even more crucial for seamless connectivity.
• The automotive sector is experiencing an increasing demand for embedded SIM (eSIM) solutions. eSIMs’ compact size, ease of installation, and remote update capabilities make them ideal for connected cars.
• The M2M/IoT sector is showing a significant trend towards eSIM adoption, driven by eSIMs’ suitability for such devices, given their small size, ease of installation, and remote update capabilities.

• Gemalto
• Stmicroelectronics
• Infineon Technologies
• NXP Semiconductors
• Giesecke Devrient
• Deutsche Telekom
• Telefonica
• NTT Docomo
• Singtel
• Sierra Wireless
• Apple
• ATT
• CLX Communications
• Etisalat
• Idemia
• Jasper
• Orange
• Samsung Electronics
• Telenor Connexion
• Telit
• Vodafone
• China Uincom
• China Mobile

Recent Developments:

• IDEMIA and Microsoft collaborate to provide next-generation eSIM connectivity services. This collaboration will aim to expand their connectivity offering for consumer and M2M/IoT devices.
• Apple iPhone 14 drops SIM card slot, making eSIM the only option. This is a major move by Apple that is expected to accelerate the adoption of eSIM technology.