e-SIM Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027

Report ID: GMI2906

Summary Methodology

e-SIM Market size is set to witness notable trends throughout the forecast period 2021-2027 powered by the increasing adoption of by smartphone makers such as Apple, Samsung, and others. Manufacturers of smartphones and other consumer electronics are focusing on enhancing their product offerings with e-SIM technology. Developments in connected vehicles technologies, IoT, and smart cities will augment the market scope significantly. 

e-SIM or embedded SIM is a type of programmable SIM card that is directly embedded into a device. It serves as a small inbuilt chip used to authenticate user identity. e-SIMs, which have been gaining enormous popularity recently, offer advantages such as support for multiple accounts and the ability for users to switch between different mobile network operators. Owing to these benefits, e-SIMs are increasingly finding application in smartphones, laptops, tablets, smart wearables, connected vehicles, IoT devices, and a whole range of other use-cases.

Consumer electronics application is expected to among the fastest growing segments in the market through 2027. E-SIM chips, on account of their machine-to-machine and remote provisioning capabilities, are gaining increasing prominence among smartphone makers. Many manufacturers are rolling out new smartphone models with e-SIM support to capitalize on the growing market demand. Citing an instance, in May 2021, China’s Oppo had announced the launch of a new flagship 5G smartphone OPPO Find X3 Pro featuring the world’s first 5G standalone (SA) e-SIM developed in collaboration with Thales, a leading e-SIM connectivity management firm.

The market in North America is slated to observe lucrative growth through 2027 led by the presence of major smartphone manufacturers as well as carriers in the region. North America is among the first regions to roll out support for e-SIM technology. Over the years, e-SIM plans have consistently become cheaper and more affordable, leading more consumers to purchase e-SIM powered devices. In April 2021, Samsung had announced that it has received e-SIM support from T-Mobile on its Galaxy Note 20 Ultra, making it the first Samsung phone with e-SIM support in the region.

AT&T, Apple, Samsung Electronics, Sierra Wireless, Gemalto NV, NTT Docomo, Singtel, Deutsche Telekom, Telefónica, Infineon Technologies, NXP Semiconductors, Singapore Telecommunications Ltd, STMicroelectronics, and Giesecke & Devrient are presently among the notable players in global market. In September 2020, Samsung had rolled out a new software update on its Galaxy Z Fold 2 enabling e-SIM functionality for users.

Impact of COVID-19 on e-SIM market forecast

Numerous industries including e-SIM, smartphone, wearables, and telecom sectors have experienced a significant shift in their business in 2020 attributed to the COVID-19 pandemic. Globally, consumer electronics production showcased a major slow down due to a weakened demand as well as temporary suspension of manufacturing activities. For example, when the COVID-19 pandemic struck in March 2020, smartphone giants Apple and Samsung had suspended production in India amid government restrictions.

However, the improving COVID-19 situation worldwide and resuming of operations will set the market towards a positive growth rate. Additionally, ongoing developments in IoT and connected vehicle technologies will create new opportunities for the industry over 2021-2027.

What Information does this report contain?

Historical data coverage: 2016 to 2020; Growth Projections: 2021 to 2027.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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