The Global eSIM Market is projected to reach a value of over USD 1.75 billion by 2027 at a CAGR of around 16.2%.
The embedded SIM (eSIM) in communication device allows to activate network subscription services on the device without using physical SIM. The phone manufacturers are switching their traditional technology to eSIM for better design and create better experience to device owners. Rising usage of wearable electronics & high-end smartphones and high adoption of IoT technology will expected to drive the market during the forecast period. However, lack of technology awareness will hinder the market growth during growth period.
Market Driver:
Source: Forencis Analysis
Wearable electronics have evolved from life-saving devices to fashion accessories and range from activity monitor bracelets, smart watches, and smart glasses to GPS enabled shoes, all of which now have a growing market demand. Increasing developments in wireless technologies, and developments in communication technologies will increase the wearable electronics and smartphones market will directly increase the eSIM market.
Market Restraint:
The Embedded SIM is a programmable SIM which can be remotely provisioned and integrated in any type of mobile devices whether for the consumer market. Due to less service provision and less marketing of eSIM, many of the customers are did not aware about the eSIM advantages and their applications. Moreover, the eSIM technology is available only for the high-end smartphones and high-end wearable devices which normal customers cannot afford. Hence they did not get full advantages and hence it will hinder the growth of the market during forecast period.
The report on the eSIM market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Application, End Use Industry, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
eSIM Market, by Application
eSIM Market, by End-Use Industry
eSIM Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE eSIM MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY