| Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 9.9 Billion | USD 16.9 Billion | 5.5% | 2024 |
FrequentlyAsked Questions
An eSIM is a digital SIM that is directly integrated into the hardware of a device, including a smartphone or smartwatch, removing the need for a physical plastic card.
The eSIM market is being driven by several factors such as a rise in IoT / M2M deployments, growth & rollout of 5G networks, consumer demand for flexibility & convenience, automotive & connected car use cases, regulatory push/ government initiatives & and standardization.
The regulatory and policy barriers are acting as a major restraint to the eSIM market growth.
Based on the industry vertical, the automotive segment is expected to dominate the industry growth during the projected period.
The emergence of connected cars and rising investment in 5G networks are the major impacting factors for the industry growth over the projected period.
According to the report, the global eSIM market size was worth around USD 9.9 billion in 2024 and is predicted to grow to around USD 16.9 billion by 2034.
The global eSIM market is expected to grow at a CAGR of 5.5% during the forecast period.
The global eSIM industry growth is expected to be driven by the North American region. It is currently the world’s highest-revenue-generating market, driven by the presence of major players and increasing digitalization in the industry.
The global eSIM market is dominated by players like Infineon Technologies AG, AT&T Inc., IDEMIA, Giesecke+Devrient GmbH, Kigen, KORE Wireless, STMicroelectronics, Thales Group, Trasna, Valid S.A., Nomad eSIM, Sierra Wireless, Telit, ARM Holdings, China Mobile, Orange, Cisco Systems, T-Mobile US, Qualcomm, and NXP Semiconductors, among others.
The market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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