Mar 11, 2023

English - UK

Kundan Agrawal

E-SIM Card Market Intelligence Report 2023-2033, Growth rate (CAGR) of 13.49%

Market Overview

An eSIM card, also known as an "Embedded Subscriber Identity Module," is a digital SIM card embedded within a mobile device. Unlike traditional SIMs, there's no physical card to insert into the phone; rather, the eSIM card is embedded into the hardware and activated remotely through software. As more mobile users switch carriers or plans with an eSIM rather than physically changing out SIMs, this convenience becomes even greater for frequent travelers or those wanting to switch between different service providers or plans.

"The Global E-SIM Card market size is forecast to reach USD 42627 million by 2033 from USD 8670.5 million in 2022, expanding at a compound annual growth rate (CAGR) of 13.49% from 2021-2031."

eSIMs are more secure than traditional SIM cards, as they utilize encryption to safeguard user data. Furthermore, eSIMs offer additional benefits like the capacity for multiple profiles and remote provisioning - enabling faster activation and deployment of devices. Nevertheless, not all mobile carriers support eSIMs, nor are all devices eSIM-compatible; so before trying to use an eSIM it's essential that you consult your carrier and device manufacturer first.

Key Takeaways

- eSIM cards are digital SIM cards embedded in mobile devices that don't need physical insertion into a device and can be activated remotely through software.
- eSIMs are more convenient than traditional SIM cards for frequent travelers or those wishing to switch between different carriers or plans.
- They provide additional advantages such as improved security, the capacity to store multiple profiles, and support for remote provisioning.
- Not all mobile carriers support eSIMs, and not all devices are eSIM-compatible.
It is therefore essential to consult your carrier and device manufacturer prior to using an eSIM.

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Regional Snapshot

North America

  • eSIM adoption in North America is on the rise, though not yet available from all carriers.
  • Major American carriers such as AT&T, Verizon and T-Mobile provide eSIM support through an eSIM card for select devices.
  • Canada has been slower to embrace eSIM technology than other countries, and only a few carriers provide support for it.

Europe:

  • E-SIM adoption in Europe continues to rise as more carriers offer it.
  • In some European countries such as Germany, eSIM technology is becoming more widely adopted by device manufacturers and carriers.

Asia-Pacific:

  • This region has seen an exponential rise in eSIM adoption, with many carriers actively supporting it.
  • China is a major hub for eSIM technology. There are plenty of local carriers that service both domestic and international customers alike.

Middle East and Africa:

  • Only a few carriers offer this cutting-edge mobile payment system in Africa and the Middle East.
  • This technology is rapidly gaining traction and is expected to expand in the future.

Latin America

  • Latin America's eSIM adoption is still in its early stages, with only a few carriers supporting it.
  • Asia Pacific is expected to witness a meteoric rise in eSIM adoption over the coming years.

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Drivers

With eSIMs, users can switch carriers or plans without physically swapping out SIM cards - making it ideal for frequent travelers or those wanting to switch between different carriers or plans. ESIM technology can help consumers and carriers save costs by forgoing physical SIM cards, eliminating inventory management expenses and streamlining distribution processes. Furthermore, eSIMs are more secure than traditional SIMs since they utilize encryption to safeguard user data. This is especially pertinent for frequent travelers and those at greater risk of cyber attacks. eSIMs provide support for remote provisioning, which enables quicker activation and deployment of devices - ideal for enterprises and organizations needing to deploy large numbers of units quickly and efficiently.

eSIMs can store multiple profiles, enabling users to switch between different carriers or plans on the same device. This is useful for individuals who require separate profiles for work and personal use or international travelers requiring to switch between local networks. With eSIM technology, users can activate temporary plans when traveling abroad without needing to purchase a new physical SIM card or switch SIM cards. This simplifies the roaming experience and allows users to use their devices more conveniently while away. eSIM technology offers enhanced security features, such as tamper-resistant chips and remote management capabilities, which can protect user data and prevent fraudulence. This provides users with greater assurance when using their mobile devices.

Restraints

Not all devices are eSIM-compatible, so users may need to purchase new devices that support this technology. Not all mobile carriers provide eSIM support, leaving users limited in their carrier choices if they wish to utilize eSIM technology. Furthermore, some countries have regulations which limit its usage which may limit adoption there. Lastly, there may be additional costs associated with implementing eSIM technology such as upgrading existing systems and training staff on its use.

Opportunities

eSIM technology makes it simple for users to switch between carriers and plans, increasing competition and driving down prices. Switching between different plans on one device gives users more flexibility and control over their mobile services. eSIM simplifies activation processes for mobile devices, making it faster and simpler for individuals to get started with their devices.

eSIM technology opens up new business models such as pay-as-you-go plans that are both flexible and cost-effective for consumers. It also enables new IoT and M2M applications, like remote monitoring of devices without physical SIM cards needed. Furthermore, eSIM simplifies international roaming processes so users can use their devices while traveling abroad more conveniently at lower costs. eSIM presents several opportunities for the mobile industry such as increased competition, greater flexibility, improved user experience, new business models, IoT/M applications, etc.

Challenges

Unfortunately, there is currently no global standard for eSIM technology, making it challenging for carriers and device manufacturers to create interoperable solutions. To take advantage of eSIM, devices must have the required hardware and software support; unfortunately, not all are capable of supporting this protocol. This can restrict the number of devices that can use eSIM technology. Furthermore, eSIM requires transmitting sensitive information like encryption keys, which could be vulnerable to security breaches. Some countries have regulations that limit the use of eSIMs, potentially hindering their adoption in those areas. Carriers may need to rethink their business models due to this technology's introduction; this can be difficult and require significant investments in infrastructure. Furthermore, many consumers are still unfamiliar with eSIM technology and its potential advantages.
These challenges are impeding the widespread adoption and implementation of eSIM technology. Nonetheless, as industry efforts to address these obstacles and standards are established, eSIM usage should become more widespread within mobile ecosystems.

Market Segmentation

By Application

1. Machine to Machine (M2M)

  • Connected Cars
  • Utility
  • Others

2. Wearable & Companion Devices

3. Smartphones

4. Tablets & Laptops

By type:

  1. MFF2 eSIM
  2. MFF2 Industrial eSIM
  3. Embedded SIM.

Key Players

  • Apple Inc.
  • Samsung
  • Gemalto NV
  • Giesecke & Devrient GmbH
  • NTT DOCOMO, Inc.
  • OT-Morpho
  • Telef?nica S.A.
  • Deutsche Telekom AG
  • Sierra Wireless, Inc. and STMicroelectronics

Report Scope

Report Attribute

Details

Market size value in 2022

USD 8670.5 million

Revenue forecast by 2033

USD 42627 million

Growth Rate

CAGR Of 13.49%

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of the World

Historical Years

2017-2022

Base Year

2022

Estimated Year

2023

Short-Term Projection Year

2028

Long-Term Projected Year

2033


Check Growing Demand => Purchase Market Report

Recent Developments

Apple has been a major force in the adoption of eSIM technology, recently expanding support to its new iPhone 13 models, making it easier for customers to switch carriers. eSIM technology is seeing a surge of adoption in the IoT space, as more devices are equipped with eSIMs for remote monitoring and control. Countries around the world are beginning to support this innovation by offering regulatory backing that could further speed up its adoption. Mobile network operators and technology firms are forming new partnerships and collaborations to expand eSIM support and enhance interoperability. eSIM technology is being explored for various use cases, such as digital identity solutions utilizing eSIMs and connected vehicle use cases. These recent developments indicate that eSIM technology continues to gain steam and is expected to see further expansion over the coming years.

Devices and Services That Currently Use eSIM Technology:

  • All iPhone models, including the iPhone XS Max and iPhone XS, now support eSIM support. This enables users to activate a second line of service without needing a physical SIM card.
  • Pixel smartphones, including the Pixel 2, Pixel 3 XL and Pixel 3 XL all offer eSIM support to allow users to activate a second line of service without using physical SIM cards.
  • Samsung's most recent Galaxy smartphones (Galaxy S20/S21, Note20, Note20, and Z Fold2) come with eSIM support, enabling users to activate a second phone line without the need for a physical SIM card.
  • The Microsoft Surface Pro LTE provides eSIM support, allowing users to activate a mobile plan without needing a physical SIM card.
  • Google Fi, an MVNO, utilizes eSIM technology and allows users to switch between Sprint (T-Mobile) and US Cellular (US Cellular), depending on which offers the strongest signal.
  • Truphone, a global mobile network operator, offers eSIM plans to international travelers. This allows them to use their phones in over 190 countries without needing to change SIM cards.

With the rise in eSIM adoption, more devices and services will begin utilizing this technology.

Key Questions

What is an eSIM card?
- An eSIM, also known as an embedded SIM, is a digital SIM card located within a device like a smartphone or smartwatch which enables users to activate cellular service without having to physically insert a physical SIM card.

How is eSIM different from a physical SIM card?
- A physical SIM card is a small, removable card that must be inserted into an electronic device's SIM card slot; on the other hand, an eSIM chip is embedded within the hardware of that same device.

What are the Advantages of Utilizing eSIM Technology?
- eSIMs make it simple to switch between carriers and plans without physically replacing a SIM card. Users can activate a new plan by simply scanning a QR code or entering an activation code - especially convenient for frequent travelers.

What are the primary drivers and challenges associated with adopting eSIM technology?
- eSIMs make it simpler for users to switch carriers and plans without physically replacing a SIM card.

What are the adoption and usage patterns across various segments?
- eSIM technology is increasingly being integrated into consumer mobile devices like smartphones and tablets, particularly high-end models where users tend to value convenience over flexibility provided by eSIMs.

What are the recent developments and emerging trends in the eSIM card market?
- More carriers are now supporting eSIM technology, increasing access to eSIM plans and fueling consumer interest in devices that support them.

How are eSIMs impacting the industry?
- eSIMs make it simpler for users to switch carriers and plans without physically replacing a SIM card, which has led to an uptick in demand for eSIM-enabled devices and plans.

How Can Mobile Network Operators and Technology Companies Collaborate?
- Mobile network operators (MNOs) and technology firms can collaborate in several ways to take advantage of eSIM technology and fuel growth within the mobile industry.

How Can eSIM Technology Be Utilized in IoT and M2M Applications?
- eSIM technology offers remote provisioning of IoT devices, making it simpler to deploy and manage large numbers of units. This reduces both time and cost associated with deploying such systems.

What advantages does eSIM provide in these scenarios?
- eSIMs enable remote provisioning and management of devices, eliminating the need for manual intervention and cutting operational costs.

For more information, please contact:

Author

MarketResearch.Biz



Email:

kundan@market.biz

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