eSIM Market Report 2023-2032

Sep 12, 2023

The global eSIM market was valued at US$ 435.1 million in 2022 and is projected to reach US$ 1900.6 million by 2030, at a CAGR of 23.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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An eSIM, short for embedded Subscriber Identity Module, is like a digital or virtual SIM card that’s built directly into a device. The interesting thing about eSIMs is that they don’t need a physical SIM card to work. Instead, the necessary SIM card information is securely stored within the device’s hardware or firmware.

To get started with an eSIM, users have a couple of options. They can either scan a QR code or use a mobile app from their network carrier. Either way, this process links the device to the carrier’s network, allowing the user to access cellular service, make calls, send messages, and use mobile data without needing a traditional physical SIM card.

One of the main advantages of eSIMs is their flexibility and convenience. They offer the freedom to switch between different network providers without any physical SIM card swapping required. This feature is particularly handy for frequent travelers who might want to use local carrier services when abroad or for those who simply want to change carriers without dealing with a new physical SIM card.

Total Market by Segment:

Global eSIM Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global eSIM Market Segment Percentages, by Type, 2022 (%)

IoT M2M-related eSIM
Consumer Wearable Device eSIM
Others

Further, the report presents profiles of competitors in the market, key players include:

Gemalto
Stmicroelectronics
Infineon Technologies
NXP Semiconductors
Giesecke & Devrient
Deutsche Telekom
Telefonica
NTT Docomo
Singtel
Sierra Wireless
Apple
AT&T
CLX Communications
Etisalat
Idemia
Jasper
Orange
Samsung Electronics
Telenor Connexion
Telit
Vodafone
China Uincom
China Mobile