With a projected CAGR of 30% from 2023 to 2033, the global eSIM subscription market is poised to initiate a new era of telecommunication services and smart gadgets. As per the eSIM subscription market analysis report released by FMI, the net worth of the market is expected to grow from its 2023 valuation of USD 980 Million USD 13,510 Million by 2033.
It is predicted that eSIM would completely change how consumer goods and gadgets are used. Given the numerous benefits made available by the execution of eSIM subscription in smart devices.
which include relatively simple device setup instead of having to incorporate or switch a physical SIM card, enhanced reliability and privacy, sleek design for an elegant look, and most importantly eliminating the necessity of a connector,
Smartphone manufacturers are gradually incorporating eSIM since it takes up less space as they attempt to develop somewhat slimmer cell phones. For this reason, it is also anticipated that eSIM would revolutionize several other consumer electronics devices which can be inferred from the growing popularity of Samsung galaxy watch eSIM subscriptions.
Among the benefits driving the adoption of eSIM subscriptions in consumer electronic applications to include high dependability, greater safety, and enhanced connectivity.
As per this market report, in the course of the next five years, over five billion eSIM phones are predicted to be delivered worldwide. Furthermore, eSIM subscription support is anticipated to be available in 25% to 30% of devices in the near future, as said by a renowned digital solutions company Giesecke + Devrient (G&D) of Germany.
The growth and demand for eSIM subscriptions were constrained by poor compatibility and high costs associated with eSIM 4G services. Likewise, the higher price of android phones with eSIM even in comparison to dual SIM iPhone 12 is another challenge for the eSIM subscription market expansion.
Moreover, a majority of service providers charge exorbitantly high for switching out of a physical SIM card to avail of a prepaid eSIM service, leaving many potential consumers uninterested.
| Attributes | Details |
|---|---|
| eSIM Subscription Market Size Value (2023) | USD 980 Million |
| eSIM Subscription Market Size Value (2033) | USD 13,510 Million |
| eSIM Subscription Market Growth Rate (2023 to 2033) | 30% |
The eSIM business model is intricate and involves a number of partners. Stakeholders must coordinate and collaborate to set standards for economies of scale, connectivity, and IoT technologies, such as M2M interactions and universal cellular networks, in order to integrate embedded SIMs over a wide range of goods successfully.
So many International bodies, such as the European ETSI and the GSMA, are concentrating on developing standards on both technical and operational facets to address this issue that is poised to further augment the market and adoption of eSIM subscriptions.
Mobile Network Operators (MNOs) are also nowadays offering eSIM for international travel to securely regulate end-user cellular subscriptions from a distance.
Additionally, the demand for eSIM subscriptions in the automobile sector following the concept of linked cars is emerging as a new opportunity for the market players. The use of online eSIM in the automotive sector is anticipated to greatly simplify maneuvering and obtaining real-time data ultimately promoting the growth of the eSIM subscription numbers.
Other than that, the growing competition among market leaders in order to provide internet services at a reasonable price, they have begun to spend extensively in the eSIM data-only services category. This, in turn, is projected to further boost the eSIM subscription market opportunities in the coming days.
The M2M eSIM subscription category made up 50% of the overall market share in 2022 and is anticipated to register an impressive CAGR of 9.7% during the forecast years. This segment is growing as a result of the expanding usage of eSIM digital technology in the automotive sector for M2M communication in smart cities.
Contrarily, during the course of the forecast years, the consumer electronics market segment is anticipated to register the highest CAGR of 12%. This application segment continues to be one of the key factors influencing growth, expansion, and revolution in a number of technological areas.
The connectivity solution segment, which led the market during the previous surveyed years, is anticipated to grow at the same pace throughout the forecast years as well. The increased usage of eSIM for M2M connections, which is anticipated to generate revenue for telecom companies through subscription services, can be regarded as the major cause of this rapid rise.
Until now, a very small number of eSIM chipset manufacturers, including NXP Semiconductors, STMicroelectronics, and Infineon Technologies AG, control a sizable portion of the hardware segment's income.
North America and European Countries are the first to use the eSIM digital technology.
As per the recently released market survey reports, by registering the fastest CAGR in the last decade, the USA eSIM subscription market held the leading position in comparison to other countries. According to the records, it contributes to almost 40% of the global market revenue in the present year 2023. This rise can be attributed to the country's rapid technical improvements and the widespread presence of wireless carriers.
By the virtue of the presence of many significant original equipment manufacturers, including Giesecke & Devrient Mobile Security GmbH, STMicroelectronics, NXP Semiconductors N.V., and others, Europe, with a market value of USD 2,070.3 in 2021, is expected to continue as a leading region for the eSIM subscription.
Moreover, the Eurolink prepaid regional eSIM services are quite popular in European countries constituting a significant portion of the studied market.
The greatest CAGR is anticipated for the eSIM subscription market in APAC mostly between 2022 and 2028. As the rate of smartphone adoption is increasing gradually in this area, and it is clear that three of the top five smartphone user base nations worldwide, including Australia, Singapore, and South Korea, are located in APAC, China's eSIM subscription market would emerge as the top country.
Throughout the projected period, the China eSIM subscription Market is anticipated to register a CAGR of 8.5% and emerge as a lucrative market for global players. Leading smartphone manufacturers in the country like Huawei and OnePlus Electronics have introduced eSIM mobile phones, gaining traction in the eSIM subscription business and establishing eSIM as the standard SIM technology in adjacent countries as well.
In present times, a number of OEMs are creating eSIM solutions and assembling collaborative development teams from across the landscape in nations like China and India in order to forge strong demand for eSIM subscriptions.
The international player IDEMIA has also recently constructed a new facility in India, which is anticipated to enhance the adoption of eSIM for travel purposes by denizens and international tourists.
This country has also witnessed a sharp rise in the use of linked smart gadgets and vehicles in the last two decades. Moreover, with the recent boom in providing digital services by telecom operators, the unlimited data eSIM is getting popular and is anticipated to boost the eSIM subscription market trends and opportunities as a result of all these variables.
The eSIM subscription market study report by FMI Research indicates that G+D and Thales are at the present years continue to be the leading players in the global market. They also lead in a lot of key metrics, including OS, portability, and privacy that have surfaced as major concerns besides price and service for consumers in the present times.
As per the market survey reports, almost 35% of all eSIM for Samsung watch wearables, as well as over a million eSIM phones and tablets, are enabled by Giesecke+Devrient Mobile Security GmbH.
However, recently entered market participants like IDEMIA have taken the lead and offer extensive eSIM enabling capabilities along with its own embedded secure products of eUICC and iUICC operating systems, as well as by creating products for its users such as automotive, and IoT applications.
Since a lot of businesses are concentrating on the creation of cutting-edge, and economical solutions and technology, it is projected that the rivalry between eSIM subscription market players is anticipated to become even fiercer in the coming days.
Another of the firms advancing the strongest within the eSIM subscription market space is Kigen, which is now placed fourth by the market statistics reports. In particular, it tops the ranking in terms of firmware, adherence & compliance, and privacy protection.
Other than that, Dark horses Truphone, VALID and Oasis Smart SIM, Workz, and RedTea Mobile are some of the new eSIM subscription market participants that are well-positioned too to build on their strengths and compete with the market's top players.
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032
Table 2: Global Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Table 3: Global Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 4: Global Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 5: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 6: North America Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Table 7: North America Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 8: North America Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 10: Latin America Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Table 11: Latin America Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 12: Latin America Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 13: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 14: Europe Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Table 15: Europe Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 16: Europe Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 17: South Asia Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 18: South Asia Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Table 19: South Asia Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 20: South Asia Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 21: East Asia Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 22: East Asia Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Table 23: East Asia Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 24: East Asia Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 25: Oceania Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 26: Oceania Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Table 27: Oceania Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 28: Oceania Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 29: MEA Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 30: MEA Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Table 31: MEA Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 32: MEA Market Value (US$ Million) Forecast by Application, 2017 to 2032
Figure 1: Global Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 2: Global Market Value (US$ Million) by Component, 2022 to 2032
Figure 3: Global Market Value (US$ Million) by Application, 2022 to 2032
Figure 4: Global Market Value (US$ Million) by Region, 2022 to 2032
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 8: Global Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 9: Global Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 10: Global Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 11: Global Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 12: Global Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 13: Global Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 14: Global Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 15: Global Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 16: Global Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 17: Global Market Attractiveness by Vertical, 2022 to 2032
Figure 18: Global Market Attractiveness by Component, 2022 to 2032
Figure 19: Global Market Attractiveness by Application, 2022 to 2032
Figure 20: Global Market Attractiveness by Region, 2022 to 2032
Figure 21: North America Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 22: North America Market Value (US$ Million) by Component, 2022 to 2032
Figure 23: North America Market Value (US$ Million) by Application, 2022 to 2032
Figure 24: North America Market Value (US$ Million) by Country, 2022 to 2032
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 28: North America Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 29: North America Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 30: North America Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 31: North America Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 32: North America Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 33: North America Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 34: North America Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 35: North America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 36: North America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 37: North America Market Attractiveness by Vertical, 2022 to 2032
Figure 38: North America Market Attractiveness by Component, 2022 to 2032
Figure 39: North America Market Attractiveness by Application, 2022 to 2032
Figure 40: North America Market Attractiveness by Country, 2022 to 2032
Figure 41: Latin America Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 42: Latin America Market Value (US$ Million) by Component, 2022 to 2032
Figure 43: Latin America Market Value (US$ Million) by Application, 2022 to 2032
Figure 44: Latin America Market Value (US$ Million) by Country, 2022 to 2032
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 48: Latin America Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 51: Latin America Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 54: Latin America Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 57: Latin America Market Attractiveness by Vertical, 2022 to 2032
Figure 58: Latin America Market Attractiveness by Component, 2022 to 2032
Figure 59: Latin America Market Attractiveness by Application, 2022 to 2032
Figure 60: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 61: Europe Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 62: Europe Market Value (US$ Million) by Component, 2022 to 2032
Figure 63: Europe Market Value (US$ Million) by Application, 2022 to 2032
Figure 64: Europe Market Value (US$ Million) by Country, 2022 to 2032
Figure 65: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 66: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 67: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 68: Europe Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 69: Europe Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 70: Europe Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 71: Europe Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 72: Europe Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 73: Europe Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 74: Europe Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 75: Europe Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 76: Europe Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 77: Europe Market Attractiveness by Vertical, 2022 to 2032
Figure 78: Europe Market Attractiveness by Component, 2022 to 2032
Figure 79: Europe Market Attractiveness by Application, 2022 to 2032
Figure 80: Europe Market Attractiveness by Country, 2022 to 2032
Figure 81: South Asia Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 82: South Asia Market Value (US$ Million) by Component, 2022 to 2032
Figure 83: South Asia Market Value (US$ Million) by Application, 2022 to 2032
Figure 84: South Asia Market Value (US$ Million) by Country, 2022 to 2032
Figure 85: South Asia Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 86: South Asia Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 87: South Asia Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 88: South Asia Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 89: South Asia Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 90: South Asia Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 91: South Asia Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 92: South Asia Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 93: South Asia Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 94: South Asia Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 95: South Asia Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 96: South Asia Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 97: South Asia Market Attractiveness by Vertical, 2022 to 2032
Figure 98: South Asia Market Attractiveness by Component, 2022 to 2032
Figure 99: South Asia Market Attractiveness by Application, 2022 to 2032
Figure 100: South Asia Market Attractiveness by Country, 2022 to 2032
Figure 101: East Asia Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 102: East Asia Market Value (US$ Million) by Component, 2022 to 2032
Figure 103: East Asia Market Value (US$ Million) by Application, 2022 to 2032
Figure 104: East Asia Market Value (US$ Million) by Country, 2022 to 2032
Figure 105: East Asia Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 106: East Asia Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 107: East Asia Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 108: East Asia Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 109: East Asia Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 110: East Asia Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 111: East Asia Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 112: East Asia Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 113: East Asia Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 114: East Asia Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 115: East Asia Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 116: East Asia Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 117: East Asia Market Attractiveness by Vertical, 2022 to 2032
Figure 118: East Asia Market Attractiveness by Component, 2022 to 2032
Figure 119: East Asia Market Attractiveness by Application, 2022 to 2032
Figure 120: East Asia Market Attractiveness by Country, 2022 to 2032
Figure 121: Oceania Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 122: Oceania Market Value (US$ Million) by Component, 2022 to 2032
Figure 123: Oceania Market Value (US$ Million) by Application, 2022 to 2032
Figure 124: Oceania Market Value (US$ Million) by Country, 2022 to 2032
Figure 125: Oceania Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 126: Oceania Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 127: Oceania Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 128: Oceania Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 129: Oceania Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 130: Oceania Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 131: Oceania Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 132: Oceania Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 133: Oceania Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 134: Oceania Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 135: Oceania Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 136: Oceania Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 137: Oceania Market Attractiveness by Vertical, 2022 to 2032
Figure 138: Oceania Market Attractiveness by Component, 2022 to 2032
Figure 139: Oceania Market Attractiveness by Application, 2022 to 2032
Figure 140: Oceania Market Attractiveness by Country, 2022 to 2032
Figure 141: MEA Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 142: MEA Market Value (US$ Million) by Component, 2022 to 2032
Figure 143: MEA Market Value (US$ Million) by Application, 2022 to 2032
Figure 144: MEA Market Value (US$ Million) by Country, 2022 to 2032
Figure 145: MEA Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 146: MEA Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 147: MEA Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 148: MEA Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 149: MEA Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 150: MEA Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 151: MEA Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 152: MEA Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 153: MEA Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 154: MEA Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 155: MEA Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 156: MEA Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 157: MEA Market Attractiveness by Vertical, 2022 to 2032
Figure 158: MEA Market Attractiveness by Component, 2022 to 2032
Figure 159: MEA Market Attractiveness by Application, 2022 to 2032
Figure 160: MEA Market Attractiveness by Country, 2022 to 2032
The global eSIM subscription market is to grow at a CAGR of 30% during the forecast period.
The global eSIM subscription market is predicted to be valued at USD 13,510 Million by 2033.
The global eSIM subscription market was valued at USD 748 Million in 2023.
The USA accounts for the largest revenue share of the eSIM subscription market.
China is predicted to witness the highest CAGR of 8.5% in the eSIM subscription market.
Explore Telecommunication Insights
eSIM Subscription Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
