Embedded SIM Market Size, Share, Trends, Growth 2034

Embedded SIM Industry Prospective

The global embedded SIM market size was worth around USD 9.34 Billion in 2024 and is predicted to grow to around USD 19.35 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 7.56% between 2025 and 2034. The report analyzes the global embedded SIM market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the embedded SIM industry.

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Embedded SIM Market: Overview

Embedded SIM (eSIM) is a conventional and standardized SIM chip that connects multiple mobile devices across the world. With eSIM, any mobile device at a time can incorporate a profile to work with multiple devices. Many profiles can be created and each of them can be used on different devices without any glitches.

Their connections happen through secure wireless remote SIM provisioning where users register to network providers wirelessly bereft of eSIM cards. These connected devices in return operate with the help of eSIM and they also invariably support any new device inducted in the connection.

It is used in multiple fields and applications as a beneficial connector of many devices. Car manufacturers leverage this eSIM to connect cars and cell phones. Laptops also avail the product when they try to endorse flexible data packages.

The arrival of 5G is expected to increase the usage of eSIM where it can serve multiple purposes in various applications. They also have the capacity to transmit data with lesser latency and better navigation through devices at a faster pace. The memory space occupancy seems to be optimal as it connects multiple devices at any point in time.

Key Insights

• As per the analysis shared by our research analyst, the global embedded SIM market is estimated to grow annually at a CAGR of around 7.56% over the forecast period (2025-2034).
• Regarding revenue, the global embedded SIM market size was valued at around USD 9.34 Billion in 2024 and is projected to reach USD 19.35 Billion by 2034.
• The embedded SIM market is projected to grow at a significant rate due to increasing adoption in smartphones, IoT devices, connected cars, and consumer electronics, due to flexibility, remote provisioning, and space-saving benefits.
• Based on Application, the Smartphones segment is expected to lead the global market.
• On the basis of Industry Vertical, the Consumer Electronics segment is growing at a high rate and will continue to dominate the global market.
• Based on the End User, the Telecommunication Service Providers segment is projected to swipe the largest market share.
• Based on region, Europe is predicted to dominate the global market during the forecast period.

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Covid-19 Impact

The COVID 19 pandemic crisis has affected the global embedded SIM market excessively during 2020 and 2021. There was a considerable disruption in industries such as semiconductors, automotive, IT, and consumer electronics which affected the global market. Factory closures, travel & trade bans, and business closures led to a reduction in manufacturing electronic components which affected the supply chains thereby negatively impacting the embedded SIM market as well.

Embedded SIM Market: Growth Drivers

Increase in the practical adoption of IoT technologies and the government’s emphasis on remote SIM provisioning from mobile to mobile drives the market growth

Increase in the practical adoption of IoT technologies and the government’s emphasis on remote SIM provisioning from mobile-to-mobile drives the market growth. The increasing leverage of IoT technologies across the world drives major growth in the global market. The considerable rise in the incorporation of connected devices and also the recent government acceptance of machine-to-machine communication drive induces market growth. Another major growth driver for the global market is the abundance of well-known players and start-ups around the world. eSIM has the capacity to store the data even after carrier transition or device transition, which boosts the demand for the eSIMs exclusively. Smart homes, rising global trends in vehicle production, and increasing consumer demand for a connected ecosystem are other factors that foster the growth of the global market.

Embedded SIM Market: Restraints

The growing security issues in various industries pose a threat to the global eSIM market.

The growing security issues in various industries pose a threat to the global embedded SIM market growth. An increase in technological advancement, the spread of M2M services, and the rapid emergence of IoT devices give scope for a lot of security threats in various industries. This in turn will impact the worldwide market during the forecast period. The variety of security threats and potential data thefts also complicates the protection of eSIM devices thereby hampering the growth of the global market.

Embedded SIM market: Opportunities

The launch of 5G will provide favorable opportunities for the global market.

The launch of 5G will provide favorable opportunities for the global market. Moreover, 5G is predicted to provide faster data transfer access during the forecast period which aids the deployment of autonomous vehicles. Hence the emergence of 5G will help the eSIM market by enabling faster data transmission with lower latency and better navigation. This will also give way to an increase in the number of connected devices in any given premise. In addition to this, the emergence of portable electronic devices and increasing demand for smart solutions across the world provide better opportunities for the global market.

Embedded SIM market: Challenges

The expansion of connected IoT devices and smart solutions poses connectivity challenges for the global market. All industries and enterprises emerging today are quickly leveraging IoT devices and smart solutions. It is predicted that 75 billion IoT devices will be used to derive real-time data by the end of 2030. The connectivity activation for so many devices needs to be handled by eSIM and the connections have to be durable enough to prolong a lifetime. This massive and rapid IoT connectivity activation for multiple devices poses a greater challenge for the global market.

The vulnerability of supporting networks poses a challenge for the global market. Embedded SIM relies on network support. If any network is subjected to glitches, then the device using the eSIM will not work. The supporting networks need to be strong enough to support the multiple connections of the eSIM. This dependence on the availability of stronger networks poses a challenge for the global embedded SIM market.

Embedded SIM Market: Segmentation

The global market in this research document is divided into vertical, solution, end-users, and region. The vertical is further divided into logistics, automotive, consumer electronics, energy and utilities, manufacturing, and retail & transportation. Furthermore, the consumer electronics segment is anticipated to lead the segmental surge over the assessment timespan. The growth of this segment from 2022 to 2030 can be attributed to the rise in the use of smartphones and web across the countries such as China, Japan, India, and the U.S. along with the growing use of embedded SIM in smartphones.

The solution is classified as hardware and software. Furthermore, the hardware segment is predicted to record the highest CAGR in the coming eight years. The growth of the segment over the forecast period can be attributed to rise in the number of consumer electronics manufacturers in countries such as China, Japan, and Taiwan and the growing inclination of smartphone manufacturers towards integration of embedded SIM in smartphones.

End-users comprise connected cars, laptops, M2M, smartphones, tablets, wearables, and others. In addition, the M2M segment is predicted to lead the segmental growth over the projected timespan. The expansion of the M2M segment over the forecast timespan is credited to the surging use of embedded SIM technology in the automobile sector for M2M communication activities. The rise in popularity of connected cars in developed countries will further contribute to segmental growth.

Recent Developments:

• In March 2020, Jio enabled the support of eSIM service on Motorola Razr. Jio users with this eSIM can access the internet, make phone calls, and use other web applications through their smartphones.
• In July 2020, Vodafone Idea Ltd offered eSIM to postpaid customers who have compatible Apple devices.

Embedded SIM Market: Report Scope    

Embedded SIM Market: Regional Landscape

North America to dominate the global market during forecast period

North America is dominating the global embedded market due to the extensive adoption of IoT and cloud computing that is rampant in the region. Because of the increase in the eSIM leverage in this region, intelligent devices such as autonomous cars and connected automobiles are on the rise thereby propelling the market growth extremely.

Europe trails as the second largest market of eSIM owing to the technological advancement in many industry sectors. The purchasing power of people in that region contributes to the growth of the embedded SIM market here. The presence of numerous platform providers along with an increase in sales of high-end cars also promotes the growth of the eSIM market in Europe prospectively.

Embedded SIM Market: Competitive Landscape

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the embedded SIM market on a global and regional basis.

The key players in the global embedded SIM market are:

• NXP Semiconductors N.V.
• Telefonica S.A.
• Giesecke & Devrient
• Gemalto NV
• Cisco Systems Deutsche Telekom AG
• Infineon Technologies AG
• Idemia
• STMicroelectronics
• Sierra Wireless
• Vodafone
• NTT Docomo
• ARM Ltd
• Singapore telecommunications limited.

Global embedded SIM market segmentation follows

By Vertical

• Logistics
• Automotive
• Consumer Electronics
• Energy & Utilities
• Manufacturing
• Retail & Transportation

By Solution

• Hardware
• Software

By End-use

• Connected cars
• Laptops
• M2M
• Smartphones
• Tablets
• Wearables
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa