-Sim Card Market is anticipated to grow at a considerable CAGR of 17.8% during the forecast period. An E-SIM (embedded SIM) is an industry-standard digital SIM that allows you to activate a mobile data plan from your network provider without having to use a physical SIM. Numerous consumer goods, including cellphones, wearable technology, and laptops, use E-SIM cards. They are also a part of connected cars, smart meters, medical IoT devices, home automation, security systems, handheld POS (Point of Sales) systems, and medical IoT devices.
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The major drivers of the E-SIM market are the growing trend among smartphone manufacturers to integrate E-SIM into the device is predicted to fuel demand and contribute to growth. For instance, Samsung’s inclusion of E-SIM technology in its S20 range of devices to positively impact the adoption of E-SIM in smartphones, which was previously confined to limited brands such as Apple and Google. In August 2020, NXP Semiconductors N.V. announced that NXP’s embedded SIM (E-SIM), Secure Ultra-Wideband (UWB) fine-ranging solution, as well as Secure Element (S.E.) and Near Field Communication (NFC) unit, are deployed in Samsung’s new Galaxy Note20 Ultra. And other factors such as increasing disposable income, rapid urbanization, and the introduction of innovative products are also primed to fuel this market expansion.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global E-SIM Market Report Segment
By Solution Type
- Hardware
- Connected Services
By Application
- Connected Cars
- Smart Home Appliances
- M2M
- Smartphones
- Vehicle Tracking
- Wearables
- Others (Drones, Smart Meters, Smart Grids)
By Vertical
- Automotive
- Consumer Electronics
- Energy & Utilities
- Manufacturing, Retail
- Transportation & Logistics
- Other Verticals(Smartphones)
Global E-SIM Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global E-SIM market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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