The global market for eSIM is estimated at US$952.3 Million in 2023 and is projected to reach US$5.8 Billion by 2030, growing at a CAGR of 29.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the eSIM market is driven by several factors. The increasing adoption of IoT devices, which require reliable and flexible connectivity solutions, is a significant driver, as eSIMs offer an ideal solution for managing multiple devices efficiently. The growing demand for connected cars and smart city applications is also propelling the market, as eSIMs enable seamless connectivity and management for a multitude of devices and sensors. Technological advancements in mobile devices and network infrastructure are making eSIMs more accessible and practical, encouraging their integration into a broader range of products. Additionally, the rising consumer demand for flexible and convenient connectivity options, combined with the benefits of streamlined logistics and reduced environmental impact from eliminating physical SIM cards, is further boosting the market. Together, these factors are fostering a dynamic and expanding market for eSIM technology, presenting significant opportunities for innovation and growth in the telecommunications industry.
The growth in the eSIM market is driven by several factors. The increasing adoption of IoT devices, which require reliable and flexible connectivity solutions, is a significant driver, as eSIMs offer an ideal solution for managing multiple devices efficiently. The growing demand for connected cars and smart city applications is also propelling the market, as eSIMs enable seamless connectivity and management for a multitude of devices and sensors. Technological advancements in mobile devices and network infrastructure are making eSIMs more accessible and practical, encouraging their integration into a broader range of products. Additionally, the rising consumer demand for flexible and convenient connectivity options, combined with the benefits of streamlined logistics and reduced environmental impact from eliminating physical SIM cards, is further boosting the market. Together, these factors are fostering a dynamic and expanding market for eSIM technology, presenting significant opportunities for innovation and growth in the telecommunications industry.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the M2M Application segment, which is expected to reach US$1.8 Billion by 2030 with a CAGR of a 28.6%. The Smartphones Application segment is also set to grow at 31.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $278.2 Million in 2023, and China, forecasted to grow at an impressive 33.0% CAGR to reach $445.0 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global eSIM Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global eSIM Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global eSIM Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Samsung Group, NXP Semiconductors NV, NTT Docomo, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 38 Featured):
- Samsung Group
- NXP Semiconductors NV
- NTT Docomo, Inc.
- Singapore Telecommunications Ltd. (SingTel)
- Sierra Wireless, Inc.
- Telenor ASA
- Telenor Connexion
- Telit IoT Platforms, LLC
- Truphone Limited
- 1oT
- GotYu
- Airalo
- Otono Networks
- Gigs Inc
- Monty Holding Group (Monty Mobile)
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- Samsung Group
- NXP Semiconductors NV
- NTT Docomo, Inc.
- Singapore Telecommunications Ltd. (SingTel)
- Sierra Wireless, Inc.
- Telenor ASA
- Telenor Connexion
- Telit IoT Platforms, LLC
- Truphone Limited
- 1oT
- GotYu
- Airalo
- Otono Networks
- Gigs Inc
- Monty Holding Group (Monty Mobile)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 184 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 952.3 Million |
| Forecasted Market Value ( USD | $ 5800 Million |
| Compound Annual Growth Rate | 29.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
