SEATTLE, February 7, 2022 /PRNewswire/ — According to Consistent market informationThe Global eSIM market was rated at US$8.3 billion in 2019 and is expected to reach $19.3 billion by 2027 to a CAGR of 15.9% between 2020 and 2027.
A ESIM, or Embedded Universal Integrated Circuit Card, is a generic form of non-volatile programmable universal integrated circuit card. It works like a regular SIM card. It contains stored configurations and can be programmed by connecting the board to a computer or modem. Esim was developed for the telecommunications industry, in particular for the implementation of network-attached storage (NAS). The main use of esim is the mass production of microsemi-switches and other integrated transceivers. There are several manufacturers that support 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 more.
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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 significant increase in daily smartphone use per user. “There is an increase of almost 39% in the usage of smartphones as compared to 2019. Such an increase in the usage of smartphones is propelling the growth of the market. The growth is also attributed to the increase in the disposable income of the consumers.According to the National Bureau of Statistics (NBS), China disposable income per rural and urban capita achieved $5,658.45 from $2,107.2 in 2018.
Technological advancement is another key factor propelling the growth of the market. For example, in June 2021, EMnify, announces the release of eSIM for trial customers, allowing IoT developers to immediately sign up and develop with the EMnify API, anywhere in the world. The eSIM allows users to install EMnify’s global SIM profile on a compatible device in seconds without having to order and swap physical SIM cards.
Esim’s increasing application in retail, energy, transportation, automotive and many more are expected to provide lucrative growth opportunities. For example, in February 2018, NXP Semiconductor, a Netherlands-based semiconductor manufacturing company, has launched eSIM-enabled devices for 5G and IoT applications. These devices provide end-to-end security to ensure secure data protection for consumers, service providers and original equipment manufacturers. Likewise, in October 2021Valid has launched a state-of-the-art mioSIM eSIM for Consumer 3.0 solution ready to meet industry demand for secure cross-functional applications with support for Android Strongbox technology – an Android Ready SE applet responsible for provisioning secure android keys
The growing penetration of smart meters, smart cities and electric vehicles should provide great opportunities for the Market Esim. For example, in November 2018Workz Group, dubai The based company that offers SIM supply solutions has announced an agreement with the African government to implement an eSIM-enabled embedded water meter in the country.
The growing popularity of device integration with eSIM will drive the growth of the eSIM market. For example, in June 2021SIMCom has announced that the SIMCom NB-IoT SIM7070 module measuring just 24mm x 24mm can now be fitted with a compact eSIM security controller from Infineon powered by GSMA compliant remote SIM management software provided by Kigen ( UK) Ltd.
Major players are adopting a strategic partnership to develop Esim which helps reduce the complexity of manufacturing operations and streamline processes. For example, in August 2021AT&T and Kigen are working together to help customers streamline their supply chains and reduce time to market for businesses that want to take advantage of secure SIM, embedded SIM (eSIM), and embedded SIM (iSIM) connectivity deep within their IoT devices.
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The major players operating in the global eSIM market are 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
- Smart meters
- Smart networks
Global eSIM market, by vertical:
- Consumer electronics
- Energy and Utilities
- Logistic transport
Global eSIM marketBy region:
- North America
- By country:
- Rest of Europe
- Asia Pacific
- By country:
- South Korea
- Rest of Asia Pacific
- Latin America
- By country:
- Rest of Latin America
- Middle East & Africa
- By country:
- GCC countries
- South Africa
- Rest of Middle East & Africa
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