E Sim Card Market Report 2024 (Global Edition)

Global E Sim Card Market Report 2024 Market Size Split by Application (Connected Cars, Laptops, M2M, Smartphones, Tablets, Wearables, Others (Drones, Smart Meters, Smart Grids)), by Vertical (Automoti...

E Sim Card Market Report Description

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E Sim Card Market Insights Video

Competitive Landscape of the E Sim Card Market

Major companies in the highly competitive eSIM card market are Gemalto (Thales Group), Infineon Technologies, and G+D Mobile Security. These businesses are pioneers in offering eSIM solutions to a range of sectors. Telecom providers and device makers who are using eSIM technology in their products are also becoming more competitive in the market. To be competitive in this changing market, developing strategic alliances, coming up with new technologies, and broadening product offerings are essential.

In February 2023, the satellite network or non-terrestrial network (NTN) operator Skylo and the security connectivity eSIM provider Kigen worked together to enable suitable satellite connectivity integration with eSIM for IoT devices. (Source: https://kigen.com/resources/press-releases/kigen-and-skylo-bring-esim-and-satellite-connectivity-for-5g-iot/) In December 2022, Grover, a subscription-based platform for renting gadgets, teamed up with Gigs, a platform for telecom services, to launch Grover Connect, a US-based mobile virtual network operator (MVNO). Grover Connect facilitates the simple activation of any eSIM-enabled technology device for clients in the United States, removing the need for complicated carrier offers and contracts that could not coincide with the terms of their gadget rental. (Source: https://press.grover.com/218999-grover-launches-own-mobile-service-provider-in-the-us ) In October 2022, Indian telecom service provider Bharti Airtel launched the "Always On" IoT connectivity solutions. Using embedded SIM (eSIM) technology, this product allows IoT devices to communicate seamlessly across various Mobile Network Operators (MNOs). This is especially helpful for automakers, providers of vehicle monitoring, and situations where equipment runs in remote locations and needs constant, broad connectivity. (Source: https://www.airtel.in/press-release/10-2022/airtel-launches-always-on-iot-connectivity-solution)

Top Companies Market Share in E Sim Card Industry: (In no particular order of Rank)

• Arm Limited
• Thales
• Workz
• Infineon Technologies AG
• Deutsche Telekom AG
• Giesecke+Devrient GmbH
• KORE Wireless
• STMicroelectronics
• NXP Semiconductors
• Sierra Wireless
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the E Sim Card Market

Which Region Dominates the E Sim Card Market in 2024?

According to Cognitive Market Research, North America currently dominates the E SIM cards market, and the region is expected to have significant growth during the projected period. This is because of its sophisticated telecommunications infrastructure, high smartphone penetration rate, and robust adoption of IoT devices; North America is well-positioned to propel significant growth in the eSIM Card Market. The early deployment of 5G networks in the area has accelerated the use of eSIMs and made seamless connectivity possible for a range of applications, such as wearables, smart cities, and linked cars. Furthermore, the existence of significant telecom carriers and tech firms in the US and Canada encourages innovation and facilitates broad eSIM integration. The region's leading position in the expansion of the eSIM market is also a result of customer desire for flexible, secure, and sustainable connectivity solutions and regulatory backing.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Asia-Pacific is becoming to be recognized as a major factor in the growth of the eSIM Card Market because of rising smartphone penetration, 5G network expansion, and rapid urbanization. The demand for eSIM technology in connected devices, smart appliances, and industrial IoT applications is being driven by the region's rapidly expanding IoT market, especially in nations like China, Japan, and South Korea. Further encouraging eSIM adoption is the growth of initiatives for digital transformation across several industries and the robust backing of the government for smart city initiatives. Asia Pacific's presence of key device manufacturers and a sizable and tech-savvy customer base make the area a critical growth engine for the eSIM market.

The current report Scope analyzes E Sim Card Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America E Sim Card Market

According to Cognitive Market Research, the global E SIM card market size was estimated at USD 8141.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 3256.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the E Sim Card market with a market size of USD 2569.36 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. In the US, there is a large population of tech-savvy consumers who are open to adopting new technologies like eSIM.
• The Canada E Sim Card market had a market share of USD 390.78 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. The continued rollout of 5G networks in Canada encourages the use of eSIM technology, which is frequently necessary to provide 5G connectivity.
• The Mexico E Sim Card market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 296.34 million in 2024.

Europe E Sim Card Market

According to Cognitive Market Research, the global E Sim Card market size was estimated at USD 8141.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 2442.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

• The United Kingdom E Sim Card market had a market share of USD 410.32 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. The deployment of eSIM technology is encouraged by the UK government's support for digital transformation and regulatory frameworks.
• The France E Sim Card market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 224.70 million in 2024.
• According to Cognitive Market Research, the German E Sim Card market size was valued at USD 483.59 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. Germany's emphasis on privacy and data security is consistent with the potential advantages of e-SIM technology, which can strengthen security protocols.
• The Italy E Sim Card market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 210.04 million in 2024.
• The Russia E Sim Card market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 378.57 million in 2024.
• The Spain E Sim Card market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 200.27 million in 2024
• The Luxembourg E Sim Card market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 75.71 million in 2024.
• The Portugal E Sim Card market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 51.29 million in 2024.
• The Greece E Sim Card market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 29.31 million in 2024.
• The Rest of Europe's E SIM card market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 378.57 million in 2024.

Asia Pacific E Sim Card Market

According to Cognitive Market Research, the global E Sim Card market size was estimated at USD 8141.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1872.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• According to Cognitive Market Research, the China E Sim Card market size was valued at USD 842.61 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. The market for consumer electronics in China is enormous and expanding quickly, which propels the use of eSIM technology.
• The Japan E Sim Card market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 258.40 million in 2024.
• The India E Sim Card market had a market share of USD 224.70 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. The eSIM industry is driven by India's rapidly growing smartphone adoption rate as well as the country's rising 5G-ready device number.
• The South Korean E Sim Card market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 187.25 million in 2024.
• The Australian E Sim Card market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 97.37 million in 2024.
• The South East Asia E Sim Card market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 129.20 million in 2024.
• The Rest of Asia Pacific E Sim Card market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 132.95 million in 2024.

South America E Sim Card Market

According to Cognitive Market Research, the global E Sim Card market size was estimated at USD 8141.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 407.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil E Sim Card market size was valued at USD 174.22 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. The use of eSIM is aided by the growth of mobile networks and the extension of 4G/5G coverage in Brazil.
• Argentina's E SIM card market had a market share of USD 68.39 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. In Argentina, emerging regulations and standards for eSIM technology facilitate market growth.
• Colombia E Sim Card market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 36.23 million in 2024.
• Peru E Sim Card market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 33.38 million in 2024.
• Chile E Sim Card market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 29.31 million in 2024.
• The Rest of Latin America's E SIM card market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 65.54 million in 2024.

Middle East and Africa E Sim Card Market

According to Cognitive Market Research, the global E Sim Card market size was estimated at USD 8141.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 162.82 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031..

• The GCC Countries E Sim Card market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 69.69 million in 2024. The deployment of eSIMs for infrastructure and urban administration is driven by ambitious smart city plans in the GCC countries.
• The Egypt E Sim Card market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 17.10 million in 2024.
• The South Africa E Sim Card market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 25.73 million in 2024. The integration of eSIMs is supported by the growing use of digital solutions and modern technologies.
• The Turkey E Sim Card market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 14.00 million in 2024.
• The Nigeria E Sim Card market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 17.10 million in 2024.
• The Rest of the MEA E Sim Card market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 19.21 million in 2024.

E Sim Card Market Analysis

E Sim Card Market Application Segment Analysis

According to Cognitive Market Research, M2M is likely to dominate the E SIM card Market over the forecast period. The Machine-to-Machine (M2M) market for eSIM cards is expanding rapidly, especially in industries like smart utilities, industrial automation, and automotive. By doing away with the requirement for actual SIM swaps and cutting downtime, eSIMs allow for seamless, remote communication and administration of M2M devices. This adaptability is essential for Internet of Things applications since devices are frequently placed in isolated or difficult-to-reach areas. Businesses looking for scalable and effective M2M communication solutions will find eSIMs to be a favored option due to their ability to switch networks, which also facilitates global deployments remotely.

smartphones are the fastest-growing segment in the E SIM card Market. Due to consumer demand for convenience and flexibility, the eSIM Card market is growing quickly within the smartphone industry. With eSIMs, customers may move networks or manage numerous numbers on a single device more easily and swap carriers without requiring physical SIM cards. Those who travel frequently and are looking for improved data plans will find this very interesting. The integration of eSIM technology into flagship models by major smartphone manufacturers, like Apple and Samsung, is driving up market penetration. Another factor influencing this trend is the emergence of 5G and the drive for smaller device designs.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of E Sim Card Industry. Request a Free Sample PDF!

E Sim Card Market Vertical Segment Analysis

According to Cognitive Market Research, the consumer electronics category holds the largest share of the market. The increased need for seamless connectivity in gadgets such as tablets, laptops, and wearables is driving growth in the eSIM Card Market within the consumer electronics industry. One of the numerous advantages of eSIMs is their support for different network profiles, which makes it simple for customers to transfer carriers and maintain connections without the need for physical SIM cards. This adaptability is especially useful for portable devices that need consistent, dependable communication. The addition of eSIM technology to these gadgets improves user experience and contributes to the general trend of connected life and digital transformation.

In the E SIM card Market, the automotive category has been expanding at a rapid pace. The growing integration of connected automobile technologies is driving the rapid expansion of the eSIM Card Market in the automotive sector. Vehicle performance and user experience are improved by eSIMs' smooth, constant connectivity for telematics, navigation, and over-the-air upgrades. They facilitate functions like infotainment services and remote diagnostics without requiring real SIM cards, which makes connectivity administration easier. eSIMs serve a critical role in spurring innovation and enhancing car functionality as automakers use cutting-edge connection technologies to support autonomous driving and smart features.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

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