E-SIM Card Market: Rising Scope of Application in Automotive Industry to Fuel Market Growth
The global E-SIM card market is rising steadily due to the several advantages of E-SIM card over conventional SIM cards. E-SIM card allows changing mobile network operator at a few clicks, a feature distinct to them. For instance, ability to switch network providers over the air in machine to machine systems such as smart meters and connected cars has substantial advantages in terms of reducing logistics and operational costs.
The compact design of E-SIM and standardization of technical specifications for Embedded SIM technology is another distinct feature that sets E-SIM cards apart from conventional SIM cards. This is because Embedded SIM technology is standardized by Groupe Speciale Mobile Association, which comprises more than 800 mobile operators worldwide.
A report by Transparency Market Research predicts the global E-SIM card market to rise at a healthy 13.5% CAGR between 2017 and 2025. Progressing at this rate, the market is anticipated to display an opportunity of US$14,613.1 mn by 2025 increasing from US$4,095.6 mn in 2016.
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Smartphones Application Segment to Display Leading CAGR until 2025
In terms of application, the global E-SIM card market has been segmented into machine to machine (M2M), wearable and companion devices, smartphones, and tablets and laptops. The segment of M2M, among these, contributed the leading revenue contribution in 2016. M2M is further sub-segmented into connected cars, utility, and others. Of them, connected cars is expected to expand at a CAGR of over 15% between 2017 and 2025.
The commercialization of Embedded SIM for smartphones is expected in 2019. The segment is expected to rise at a robust CAGR of 26.3%between 2019 and 2025.
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Asia Pacific to Exhibit Leading CAGR between 2017 and 2025
The key segments into which the global E-SIM card is divided based on geography are North America, Asia Pacific, Europe, Middle East and Africa, and South America. In 2016, Europe stood as the leading revenue generation region and is expected to display substantial CAGR over the forecast period. The supremacy of the region is due to the favorable government initiatives for the implementation of “Industry 4.0” technology and solutions. The U.K., France, and Germany are the leading revenue contributors to the Europe E-SIM card market.
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North America held the second-leading revenue share in the global market in 2016 with the U.S. contributing the leading revenue. The region is expected to display significant growth over the forecast period. The increased adoption of technology as well as home to key industry players is driving the growth of this regional market.
Asia Pacific, amongst all, is expected to rise with the leading CAGR over the forecast period. The growth of this region is backed by the rising adoption of embedded SIM technology in M2M devices across several countries such as China and Japan.
Some prominent players operating in the global E-SIM card market profiled in this report are Apple Inc., Samsung, Gemalto N.V., Giesecke & Devrient GmbH, NTT DOCOMO Inc., OT-Morpho, Telefonica S.A., Deutsche Telekom AG, Sierra Wireless Inc., and ST Microelectronics.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
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