Smartphone Penetration Fuels Exponential Growth In The eSIM Market: An Emerging Driver Transforming The eSIM Market Landscape

The eSIM Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the eSIM Market Size and Projected Growth Rate?
The market size of esim has been expanding quickly in the last few years. Its anticipated increase, calculated from $10.76 billion in 2024, projects it to reach $12.08 billion in 2025, experiencing a compound annual growth rate (CAGR) of 12.3%. The amplified growth during the historic period can be credited to factors such as the rising usage of IoT devices, growing demands for mobile connectivity, globalization, and cross-border connectivity, along with security and authentication necessities and the need for compact, integrated solutions.

In the coming years, the esim market size is predicted to experience accelerated growth. The market is projected to reach $20.53 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 14.2%. The expected growth during the forecast period is largely due to factors such as the continual upswing in IoT connectivity, the spread of 5G networks, the emergence of innovative use cases, the surging proliferation of mobile devices, and the increasing need for remote sim provisioning. The major anticipated trends for the forecast period encompass the proliferation of IoT, the inclusion of embedded sims in smart home devices, the collaboration across various industries, the integration with blockchain technology, and a concentrated focus on security and authentication.

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What Are the Different eSIM Market Segments?
The eSIM market covered in this report is segmented -

1) By Solution: Hardware, Connectivity Services
2) By Application: Connected Cars, Laptops, M2M, Smartphones, Tablets, Wearables, Other Applications
3) By Vertical: Automotive, Consumer Electronics, Energy And Utilities, Manufacturing, Retail, Transportation And Logistics

Subsegments:
1) By Hardware: eSIM Chips, eSIM Modules, Integrated Circuits (ICs)
2) By Connectivity Services: Remote SIM Provisioning, Mobile Network Operator (MNO) Services, Data Plans And Subscription Services

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What Are the Primary Drivers Shaping the eSIM Market?
The rise in smartphone usage is playing a crucial role in propelling the eSIM market's expansion. Smartphones, which are mobile phones with enhanced functions, now come equipped with eSIMs. These eSIMs enable consumers to rewrite the contents of the SIM card such as the IMSI and network carrier profiles via software, rendering physical SIM card swaps unnecessary. Citing data from Demand Sage, a revenue operations firm based in the US that uses Google Sheets, the global smartphone user base rose to 6.8 billion in 2023, up from approximately 6.6 billion in 2022. Consequently, the escalating smartphone adoption will bolster the eSIM market's growth.

Which Companies Are Leading in the eSIM Market?
Major companies operating in the eSIM market include Infineon Technologies AG, NXP Semiconductors N.V, Samsung Group, STMicroelectronics, CEC Huada Electronic Design Co Ltd, Eastcompeace Technology Co Ltd, Valid S.A., Microchip Technology Incorporated, Sony Group Corporation, EM Microelectronic, Watchdata Technologies Ptd Ltd, CardLogix Corporation, Gemalto (now Thales Digital Identity and Security), IDEMIA, Giesecke+Devrient, Sierra Wireless, Deutsche Telekom AG, Telit, Arm Holdings, Vodafone Group, Telefónica, Cubic Telecom, Truphone, Workz Group, KORE Wireless, Kigen

What Are the Major Trends Shaping the eSIM Market?
Major players in the eSIM industry are putting their efforts into creating digital 5G tourist eSIMs with exceptional features like an efficient and digital activation process, targeting the rising needs of international tourists. The digital and convenient activation is essentially a way to initiate and enable services or functionalities through electronic means, usually via online platforms or apps. Consider, for instance, Singtel, a telecommunications firm based in Singapore, which in September 2023, unveiled a 5G Tourist eSIM catering to the increasing demand from global travelers. The objective was to offer superior convenience and value, enabling travelers to sort their connectivity requirements online before landing in Singapore. The 5G Tourist eSIM, specially designed with the Grand Prix event in mind, allows a simple activation process, thus saving the time usually needed to purchase traditional SIM cards. Singtel's goal is to improve the travel experience by offering seamless connectivity and additional 5G digital experiences.

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What Are the Top Revenue-Generating Geographies in the eSIM Market?
North America was the largest region in the eSIM market in 2024. The regions covered in the esim market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the eSIM Market?
2. What is the CAGR expected in the eSIM Market?
3. What Are the Key Innovations Transforming the eSIM Industry?
4. Which Region Is Leading the eSIM Market?

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