E-SIM CARD (Embedded SIM) Market Forecast | 2021-2026

Market Insights

The E-SIM CARD (Embedded SIM) Market estimated to grow from USD 494.1 million in 2020 to USD 1986.3 million by 2026 at a healthy CAGR of 26.7% during the forecast period.

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What is E-SIM CARD (Embedded SIM)?

E-SIM Card is an embedded SIM in smart communication device which allows the users to activate prepaid/postpaid subscription service on the device without using a physical SIM on eSIM enabled devices.

Covid-19 Impact Analysis

The outbreak of COVID-19 significantly impacted the materials supply chains, international trade, and manufacturing operations across the world. The production of E-SIM card (embedded SIM) declined amidst the COVID-19 pandemic as the market players had to shut production facilities or operate the facilities below the optimal production capacities to avoid the spread of the coronavirus.

Key Players

Key players operating in the mrket are-

• Apple Inc. (US)
• Samsung (South Korea)
• Gemalto (Netherlands)
• Giesecke & Devrient GmbH (Germany)
• NTT Docomo Inc. (Japan)
• OT-Morpho (France)
• Telefonica S.A. (Spain)
• Sierra Wireless, Inc. (Canada)
• STMicroelectronics (Switzerland)
• Deutsche Telekom AG (Germany)

Market Dynamics

The market is driven by a host of factors, some of which are noted below:

• The global growth of the market size is primarily driven by significant growth of the electrical and electronics industry across the globe.
• Increasing penetration of smartphones in the developing countries coupled with rising per capita disposable income is likely to propel the market growth at a significant rate during the review period.
• Rising adoption of advanced technologies in consumer electronics the developing economies is likely to create lucrative opportunities for the players.

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Segment Analysis

Application Trends

The market has been divided into M2M, wearable & companion devices, tablets & laptops and smartphones. The wearable & companion devices application segment accounted for the largest market share in 2020. The segment growth can be attributed to increasing demand for wearable consumer electronics worldwide.

Regional Trends

North America accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The regional market growth can be attributed to high product adoption rate and the presence of key market players such as Apple Inc. (US).

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The market growth in the Asia-Pacific region is expected to grow at the fastest CAGR during the review on account of increasing demand for consumer electronics, particularly in China and India.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026. Following are the critical questions answered in the report.

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis.
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Target Audience

The target audience of E-SIM CARD (Embedded SIM) Market includes-

• E-SIM CARD (Embedded SIM) Vendors
• E-SIM CARD (Embedded SIM) Manufacturers
• E-SIM CARD (Embedded SIM) Distributors
• Organizations
• Government Bodies

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

Recent Developments in the E-SIM Card (Embedded SIM) Market

In December 2022, Grover, in collaboration with Gigs, launched Grover Connect, an embedded SIM service for smartphones. Grover is a leading consumer subscription provider in the technology industry. The service currently provides such mobile SIM service to customers in the United States and will be available to European consumers shortly.

In September 2022, BICS has announced a collaboration with Thales Group to simplify the integration of embedded SIM with loT technology. The collaboration connects consumers to a broader range of services while also incorporating connectivity activation for consumers and businesses. BICS is a global leader in IoT and digital communications.

In April 2022, Sierra Wireless has partnered with Orange Wholesale France to expand its presence in the global networks and connectivity sector across Europe. Furthermore, the company enhanced its smart connectivity capabilities across Europe via its One global SIM, which is available in a variety of form factors and with the enabled embedded SIM. Ready-to-Connect modules.

In January 2022, IDEMIA collaborated with Microsoft to provide advanced SIM and connectivity solutions for customer, IoT, and M2M devices. The collaboration combines IDEMIA's progressive connectivity solutions and long-standing industry expertise with Microsoft's cloud platform to expand these services globally.

In August 2022, Reliance Only Jio, Bharti Airtel, and Vi provided embedded SIM support for smartphones. Both Android and iPhone devices are supported by the technology. This market is expanding in Europe as key players in the region such as Deutsche Telekom, Giesecke+Devrient GmbH, and others make advancements.

In May 2022, Deutsche Telekom (DT), a German mobile network operator, announced the adoption of embedded SIM technology. The company operates in a number of European countries and is primarily focused on implementing this technology. The company intends to support all devices with such technology and would provide such SIM instead of physical SIM to the customer.