SEATTLE, Feb. 7, 2022 – According to Coherent Market Insights, The global eSIM market was valued at US$ 8.3 Bn in 2019 and is expected to reach US$ 19.3 Bn by 2027 at a CAGR of 15.9% between 2020 and 2027.

An ESIM, or Embedded Universal Integrated Circuit Card, is a generic form of a non-volatile programmable universal integrated circuit card. It works just like a standard SIM card. It contains stored configurations and can be programmed by connecting the card to a computer or a modem. Esim was developed for the telecommunications industry, specifically for the implementation of network-attached storage (NAS). The primary use of esim is for the mass production of microsemi switches and other embedded transceivers. There are several manufacturers that provide support for esim based cards. Esim manufacturers support esim through hardware and firmware updates, software upgrades, and their own brand of esim cards. Esim is used in a variety of different types of networking equipment, including digital cellular phones, laptop computers, desktop computers, modems, wireless personal area networks, distribution equipment, printers, fax machines, and much more.

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Market Drivers:

Growing demand for Esim from tablets, smartphones, and others is driving the growth of the market. Recent studies since 2019 suggest that there has been a major jump in the daily hour usage of smartphones per user. “There is nearly a 39 percent increase in smartphone usage from 2019. Such a rise in usage of smartphones is propelling the growth of the market. The growth is also attributed to the increasing disposable income of consumers. According to the National Bureau of Statistics (NBS), China’s rural and urban per capita disposable income reached US$ 5,658.45 from US$ 2,107.2 in 2018.

Technological advancement is another key factor propelling the growth of the market. For instance, in June 2021, EMnify, announces the release of eSIM for evaluation customers, enabling IoT developers to sign up and develop with the EMnify API immediately, anywhere in the world. The eSIM lets users install EMnify’s global SIM profile on a compatible device in seconds without having to order and swap physical SIM cards.

Market Opportunities

Growing application of Esim from retail, energy, transportation, automotive, and many others is projected to provide lucrative growth opportunities. For example, in February 2018, NXP Semiconductor, Netherland based semiconductor manufacturing company launched eSIM enabled devices for 5G and IoT applications. These devices provide end-to-end security in order to provide safe data protection for consumers, service providers, and original equipment manufacturers. Similarly, in October 2021, Valid has launched a state of art mioSIM eSIM for Consumer 3.0 solution ready to answer the industry demand for secure transversal applications with the support of Android Strongbox technology – an Android Ready SE applet responsible for the secure provisioning of Android keys

Increasing penetration of smart meters, smart cities, and electric vehicles is expected to bring bright opportunities to the Esim market. For instance, in November 2018, Workz Group, Dubai based company that offers SIM provisioning solutions announced an agreement with the African government to implement an embedded eSIM enabled water meter in the country.

Market Trends

The growing popularity of integration of devices with eSIM will favor the growth of the eSIM market. For instance, in June 2021, SIMCom announced that the SIMCom NB-IoT SIM7070 module measuring only 24 mm x 24 mm can now be equipped with a compact eSIM security controller from Infineon powered by GSMA-compliant remote SIM management software provided by Kigen (UK) Ltd.

Key players are adopting strategic partnerships to develop Esim that help to reduce complexity in manufacturing operations and also streamline processes. For instance, in August 2021, AT&T and Kigen are working together to help customers streamline their supply chains and reduce the time to market for enterprises who want to leverage SIM, embedded SIM (eSIM) and integrated SIM (iSIM) secured connectivity deep in their IoT devices.

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Competitive Landscape:

Major players operating in the global eSIM market include Infineon Technologies AG, STMicroelectronics, Deutsche Telekom AG, Giesecke+Devrient Mobile Security GmbH, Thales Group, KORE Wireless, Arm Limited, Truphone Limited, Workz Group, Sierra Wireless, NXP Semiconductors, AT&T.

Market segmentation:

Global eSIM Market, By Application:

  • Connected Cars
  • Laptops
  • M2M
  • Smartphones
  • Tablets
  • Wearables
  • Others
    • Drones
    • Smart Meters
    • Smart Grids

Global eSIM Market, By Vertical:

  • Automotive
  • Consumer Electronics
  • Energy & Utilities
  • Manufacturing
  • Retail
  • Transportation & Logistics

Global eSIM Market, By Region:

  • North America
    • By Country:
      • U.S.
      • Canada
  • Europe
    • By Country:
      • U.K.
      • Germany
      • Italy
      • France
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • ASEAN
      • Australia
      • South Korea
      • Rest of Asia Pacific
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Middle East & Africa
    • By Country:
      • GCC Countries
      • Israel
      • South Africa
      • Rest of Middle East & Africa

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