Embedded SIM Market - Global Industry Analysis

Embedded SIM Market By Vertical (Logistics, Automotive, Consumer Electronics, Energy and Utilities, Manufacturing, and Retail and Transportation), By Solution (Software and Hardware), By End-User (Connected Cars, Laptops, M2M, Smartphones, Tablets, Wearables, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 21-Mar-2022 Category: Semiconductor & Electronics Report Format : PDF Pages: 155 Report Code: ZMR-6961 Status : Published

The global embedded SIM market was worth around USD 20000 million in 2021 and is expected to reach USD 27000 million by 2028 at a CAGR rate of about 11.4% over the forecast period. In this report, we will analyze the growth drivers, obstacles, and challenges for the embedded SIM market from 2022 to 2028.

Description

Industry Prospective:

The global embedded SIM market was worth around USD 20000 million in 2021 and is expected to reach USD 27000 million by 2028 at a CAGR rate of about 11.4% over the forecast period. In this report, we will analyze the growth drivers, obstacles, and challenges for the embedded SIM market from 2022 to 2028.

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 SIM 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.

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.

Global Embedded SIM Market

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

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.

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.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Embedded SIM market: Opportunities

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

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 2028. 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. The solution is classified as hardware and software. End-users comprise connected cars, laptops, M2M, smartphones, tablets, wearables, and others.

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.

Regional Landscape:

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.

Competitive Landscape:

The key players in the global eSIM market are Gemalto NV, Deutsche Telekom AG, NXP Semiconductors N.V., Infineon Technologies AG, Idemia, STMicroelectronics, Sierra Wireless, Giesecke & Devrient, Vodafone, NTT Docomo, Telefonica, ARM Ltd, Cisco Systems, and 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

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FrequentlyAsked Questions

The global embedded SIM market has been predicted to have grown because of the growing adoption of IoT technologies and government regulation on M2 M-connected devices. the abundance of well-known players and start-ups around the world are also seen as growth drivers for the global embedded SIM market.

According to the report by Zion Market Research, The global embedded sim market was worth around USD 20000 million in 2021 and is expected to reach USD 27000 million by 2028 at a CAGR rate of about 11.4% over the 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 in the rise here propelling the market growth extremely.

The key players in the global embedded SIM market are Gemalto NV, Deutsche Telekom AG, NXP Semiconductors N.V., Infineon Technologies AG, Idemia, STMicroelectronics, Sierra Wireless, Giesecke & Devrient, Vodafone, NTT Docomo, Telefonica, ARM Ltd, Cisco Systems, and Singapore telecommunications limited.

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