eSIM Market, By Application (Connected Cars, Laptops, M2M, Smartphones, Tablets, Wearables, Others (Drones, Smart Meters, Smart Grids)), By Vertical (Automotive, Consumer Electronics, Energy & Utilities, Manufacturing, Retail, Transportation & Logistics),

eSIM Market, By Application (Connected Cars, Laptops, M2M, Smartphones, Tablets, Wearables, Others (Drones, Smart Meters, Smart Grids)), By Vertical (Automotive, Consumer Electronics, Energy & Utilities, Manufacturing, Retail, Transportation & Logistics), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

eSIM also is known as embedded SIM operates or remotely manages multiple mobile devices globally. It is mandatory for eSIMs to comply with Global System Mobile Association (GSMA) remote SIM provisioning specification. These types of SIMs are inbuilt into devices and cannot be removed. Moreover, the integration of devices with eSIM eliminating the need for physically replacing the SIM card. eSIM finds its applications in consumer electronics such as smartphones, laptops, smart wearable, tablet, smart home devices, and many others. There are many advantages offered by eSIM such as high-quality connectivity, enable users to change operators remotely and allow people to store multiple profiles on a single device having more than two numbers and can switch between one another depending on the users.

The Global eSIM market was valued for US$ 10843.5 Mn in 2021.

Market Dynamics

The increasing adoption of IoT technology across many verticals such as automotive, energy, retail for the manufacturing of connected devices is increasing the demand for eSIMs in the market. For instance, in April 2020, Infineon Technologies AG announced a partnership with Tata Communication, Indian based telecommunication company to launch an eSIM solution for IoT applications. Through this partnership, Infineon Technologies AG can deploy IoT connected devices around the world by using the Tata communication MOVE platform. This platform is used to offer IoT integrated services to its customers. Moreover, eSIM provides facilities for a seamless switch between the network carriers. Earlier, the device owner had to replace the physical SIM while switching to the network carrier. During the switching process, there is a high chance of data loss. The usage of eSIM reduces the threat of data loss as these SIMs are permanently integrated into the device. The facility of remotely switching between the network influencing individuals to select eSIMs over traditional SIMs. Thus, eSIMs manufactures are increasingly focusing on integrating traditional SIMs with the latest eSIMs. These factors have boosted the demand for eSIM market during the forecast period. Moreover, several global players across different countries are focusing on developing new products with new features and technologies to gain competitive edge in the market. Industries are focusing on developing new products with new features to cater to the demand from the end users. For instance, in March 2020, Infineon Technologies launched OPTIGA Connect eSIM for mobile consumer devices. This new eSIM support all Global System Mobile Association (GSMA) standards from 3G to 5G and authenticates device to subscribe to network carrier of choice.

Key features of the study: This report provides in-depth analysis of the global eSIM market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022– 2030), considering 2021 as the base year It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players It profiles leading players in the global eSIM market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans Companies covered as a part of this study 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. Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics The global eSIM market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global eSIM marketDetailed Segmentation Global eSIM Market, By Application:Connected CarsLaptopsM2MSmartphonesTabletsWearablesOthersDronesSmart MetersSmart Grids Global eSIM Market, By Vertical:AutomotiveConsumer ElectronicsEnergy & UtilitiesManufacturingRetailTransportation & Logistics Global eSIM Market, By Region:North AmericaEuropeAsia PacificLatin AmericaMiddle East and Africa Company ProfilesInfineon Technologies AG *Company OverviewProduct PortfolioFinancial PerformanceKey StrategiesRecent DevelopmentsSTMicroelectronicsDeutsche Telekom AGGiesecke+Devrient Mobile Security GmbHThales GroupKORE WirelessArm LimitedTruphone LimitedWorkz GroupSierra WirelessNXP SemiconductorsAT&T“*” marked represents similar segmentation in other categories in the respective section.