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 US$ 980 Million to US$ 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 Share (2023) | US$ 748 Million |
| eSIM Subscription Market Size Value (2023) | US$ 980 Million |
| eSIM Subscription Market Size Value (2033) | US$ 13,510 Million |
| eSIM Subscription Market Growth Rate (2023 to 2033) | 30% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 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.
Principal Consultant
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 US$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.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
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 US$ 13,510 Million by 2033.
The global eSIM subscription market was valued at US$ 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.
1. Executive Summary | eSIM Subscription Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ Million) Analysis, 2017 to 2021 4.2. Current and Future Market Size Value (US$ Million) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Vertical 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Vertical, 2017 to 2021 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Vertical, 2022 to 2032 5.3.1. Manufacturing 5.3.2. Consumer Electronics 5.3.3. Energy and Utilities 5.4. Y-o-Y Growth Trend Analysis By Vertical, 2017 to 2021 5.5. Absolute $ Opportunity Analysis By Vertical, 2022 to 2032 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Component 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Component, 2017 to 2021 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2022 to 2032 6.3.1. Hardware 6.3.2. Connectivity Services 6.4. Y-o-Y Growth Trend Analysis By Component, 2017 to 2021 6.5. Absolute $ Opportunity Analysis By Component, 2022 to 2032 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis By Application, 2017 to 2021 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2022 to 2032 7.3.1. Smartphones 7.3.2. Connected Cars 7.3.3. M2M 7.3.4. Laptops 7.4. Y-o-Y Growth Trend Analysis By Application, 2017 to 2021 7.5. Absolute $ Opportunity Analysis By Application, 2022 to 2032 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2017 to 2021 8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2022 to 2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. South Asia 8.3.5. East Asia 8.3.6. Oceania 8.3.7. Middle East and Africa(MEA) 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Vertical 9.2.3. By Component 9.2.4. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Vertical 9.3.3. By Component 9.3.4. By Application 9.4. Key Takeaways 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Vertical 10.2.3. By Component 10.2.4. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Vertical 10.3.3. By Component 10.3.4. By Application 10.4. Key Takeaways 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. United Kingdom 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Europe 11.2.2. By Vertical 11.2.3. By Component 11.2.4. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Vertical 11.3.3. By Component 11.3.4. By Application 11.4. Key Takeaways 12. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Malaysia 12.2.1.3. Singapore 12.2.1.4. Thailand 12.2.1.5. Rest of South Asia 12.2.2. By Vertical 12.2.3. By Component 12.2.4. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Vertical 12.3.3. By Component 12.3.4. By Application 12.4. Key Takeaways 13. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Vertical 13.2.3. By Component 13.2.4. By Application 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Vertical 13.3.3. By Component 13.3.4. By Application 13.4. Key Takeaways 14. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 14.2.1. By Country 14.2.1.1. Australia 14.2.1.2. New Zealand 14.2.2. By Vertical 14.2.3. By Component 14.2.4. By Application 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Vertical 14.3.3. By Component 14.3.4. By Application 14.4. Key Takeaways 15. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. South Africa 15.2.1.3. Israel 15.2.1.4. Rest of Middle East and Africa(MEA) 15.2.2. By Vertical 15.2.3. By Component 15.2.4. By Application 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Vertical 15.3.3. By Component 15.3.4. By Application 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1. USA 16.1.1. Pricing Analysis 16.1.2. Market Share Analysis, 2021 16.1.2.1. By Vertical 16.1.2.2. By Component 16.1.2.3. By Application 16.2. Canada 16.2.1. Pricing Analysis 16.2.2. Market Share Analysis, 2021 16.2.2.1. By Vertical 16.2.2.2. By Component 16.2.2.3. By Application 16.3. Brazil 16.3.1. Pricing Analysis 16.3.2. Market Share Analysis, 2021 16.3.2.1. By Vertical 16.3.2.2. By Component 16.3.2.3. By Application 16.4. Mexico 16.4.1. Pricing Analysis 16.4.2. Market Share Analysis, 2021 16.4.2.1. By Vertical 16.4.2.2. By Component 16.4.2.3. By Application 16.5. Germany 16.5.1. Pricing Analysis 16.5.2. Market Share Analysis, 2021 16.5.2.1. By Vertical 16.5.2.2. By Component 16.5.2.3. By Application 16.6. United Kingdom 16.6.1. Pricing Analysis 16.6.2. Market Share Analysis, 2021 16.6.2.1. By Vertical 16.6.2.2. By Component 16.6.2.3. By Application 16.7. France 16.7.1. Pricing Analysis 16.7.2. Market Share Analysis, 2021 16.7.2.1. By Vertical 16.7.2.2. By Component 16.7.2.3. By Application 16.8. Spain 16.8.1. Pricing Analysis 16.8.2. Market Share Analysis, 2021 16.8.2.1. By Vertical 16.8.2.2. By Component 16.8.2.3. By Application 16.9. Italy 16.9.1. Pricing Analysis 16.9.2. Market Share Analysis, 2021 16.9.2.1. By Vertical 16.9.2.2. By Component 16.9.2.3. By Application 16.10. India 16.10.1. Pricing Analysis 16.10.2. Market Share Analysis, 2021 16.10.2.1. By Vertical 16.10.2.2. By Component 16.10.2.3. By Application 16.11. Malaysia 16.11.1. Pricing Analysis 16.11.2. Market Share Analysis, 2021 16.11.2.1. By Vertical 16.11.2.2. By Component 16.11.2.3. By Application 16.12. Singapore 16.12.1. Pricing Analysis 16.12.2. Market Share Analysis, 2021 16.12.2.1. By Vertical 16.12.2.2. By Component 16.12.2.3. By Application 16.13. Thailand 16.13.1. Pricing Analysis 16.13.2. Market Share Analysis, 2021 16.13.2.1. By Vertical 16.13.2.2. By Component 16.13.2.3. By Application 16.14. China 16.14.1. Pricing Analysis 16.14.2. Market Share Analysis, 2021 16.14.2.1. By Vertical 16.14.2.2. By Component 16.14.2.3. By Application 16.15. Japan 16.15.1. Pricing Analysis 16.15.2. Market Share Analysis, 2021 16.15.2.1. By Vertical 16.15.2.2. By Component 16.15.2.3. By Application 16.16. South Korea 16.16.1. Pricing Analysis 16.16.2. Market Share Analysis, 2021 16.16.2.1. By Vertical 16.16.2.2. By Component 16.16.2.3. By Application 16.17. Australia 16.17.1. Pricing Analysis 16.17.2. Market Share Analysis, 2021 16.17.2.1. By Vertical 16.17.2.2. By Component 16.17.2.3. By Application 16.18. New Zealand 16.18.1. Pricing Analysis 16.18.2. Market Share Analysis, 2021 16.18.2.1. By Vertical 16.18.2.2. By Component 16.18.2.3. By Application 16.19. GCC Countries 16.19.1. Pricing Analysis 16.19.2. Market Share Analysis, 2021 16.19.2.1. By Vertical 16.19.2.2. By Component 16.19.2.3. By Application 16.20. South Africa 16.20.1. Pricing Analysis 16.20.2. Market Share Analysis, 2021 16.20.2.1. By Vertical 16.20.2.2. By Component 16.20.2.3. By Application 16.21. Israel 16.21.1. Pricing Analysis 16.21.2. Market Share Analysis, 2021 16.21.2.1. By Vertical 16.21.2.2. By Component 16.21.2.3. By Application 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Vertical 17.3.3. By Component 17.3.4. By Application 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Singapore Telecommunications Limited 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.2. Telefonica, S.A 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.3. Deutsche Telekom AG 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.4. NTT DOCOMO INC 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.5. Giesecke & Devrient GmbH 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.6. STMicroelectronics 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.7. Infineon Technologies AG 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.8. NXP Semiconductors N.V 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.9. Gemalto NV 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.10. Sierra Wireless 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
Explore Technology Insights
View Reports
eSIM Subscription Market
