eSIM Market by Application (Connected Cars, Laptops, M2M, Smartphones, Tablets, Wearables), Vertical (Automotive, Consumer Electronics, Energy & Utilities, Manufacturing, Retail, Transportation & Logistics), and Geography - Global Forecast to 2023

  • ID: 4482775
  • Report
  • Region: Global
  • 118 Pages
  • Markets and Markets
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Global eSIM Market Estimated to Grow from USD 253.8 Million in 2018 to USD 978.3 Million by 2023, at a CAGR of 31.0%

FEATURED COMPANIES

  • Apple
  • Deutsche Telekom
  • Giesecke & Devrient
  • Jasper
  • Orange
  • Singtel
  • MORE

"ESIM market to exhibit exponential growth between 2018 and 2023"

The global eSIM market is estimated to grow from USD 253.8 million in 2018 to USD 978.3 million by 2023, at a CAGR of 31.0% between 2018 and 2023. The growth of the eSIM market is attributed to the emphasis on remote SIM provisioning for M2M, favorable government regulations boosting M2M communication, and high adoption of IoT technology

"ESIM market for the smartphone application to grow at the highest CAGR between 2018 and 2023"

The rising persistent connectivity on smartphones and growing demand for high-bandwidth applications are driving the adoption of eSIM in smartphones and is anticipated to register exponential growth in the near future. Smartphone vendors are endeavored to bring eSIM into their smartphone offerings to gain a competitive edge in the market. Smartphone manufacturers are entering into collaborations with semiconductor companies to adopt this novel technology. For example, NXP Semiconductors collaborated with Shanghai Unicom (China) and roam2free (China) in June 2017 to develop a secure eSIM solution that makes it easy for consumers to add mobile plans and cellular networks to their smartphones.

"Consumer electronics vertical expected to dominate the eSIM market between 2018 and 2023"

The consumer electronics vertical remains one of the major forces shaping disruption, innovation, and growth across various technology industries. ESIM is anticipated to be a game changer in consumer electronics applications. It aids in intelligent switching of operator profiles without any hassle to the end user, with no geographical border constraints. The adoption of eSIMs by consumer electronics stakeholders is likely to position them as leading players in connectivity and IoT markets in the forthcoming years.

"Asia Pacific to be the fastest-growing eSIM market in the coming years"

Asia Pacific is expected to be the fastest-growing region in the eSIM market during the forecast period. Smartphone adoption is rising steadily in APAC; 3 (Australia, Singapore, and South Korea) out of the top 5 countries worldwide are from this region in terms of growing smartphone adoption. In 2016, India overtook the US as the second-largest smartphone market worldwide, after China. Mobile internet penetration in APAC has doubled in the past 5 years. Moreover, mobile operators are investing heavily to offer services at a competitive price. These forces are expected to drive the eSIM market growth in APAC. In addition, the rise in investments across industries such as automotive, power generation, and semiconductor is expected to further boost the market growth in APAC.

Breakdown of the profiles of the primary participants in the report has been given below:

  • By Company Type: Tier 1 - 49%, Tier 2 - 47%, and Tier 3 - 4%
  • By Designation: C-Level Executives - 38%, Directors - 32%, and Managers - 30%
  • By Region: North America - 36%, Europe - 29%, APAC - 23%, and RoW - 12%

Key players operating in the eSIM market include Deutsche Telekom AG (Germany), Gemalto NV (Netherlands), Giesecke & Devrient GmbH (Germany), Infineon Technologies AG (Germany), NTT DOCOMO, INC. (Japan), NXP Semiconductors N.V. (Netherlands), Sierra Wireless, Inc. (Canada), Singapore Telecommunications Limited (Singapore), STMicroelectronics (Switzerland), and Telefónica, S.A. (Spain).

Research Coverage:

The eSIM market research report covers different segments-application, vertical, and geography. The report covers 4 major geographic regions-North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Key Benefits of Buying the Report:

  • Illustrative segmentation; analysis; and forecast of the market by application, vertical, and geography give an overall view of the eSIM market
  • Value chain analysis to provide in-depth insights into the eSIM market
  • Major drivers, restraints, opportunities, and challenges for the eSIM market
  • Detailed competitive landscape, along with the key players, in-depth analysis, and revenue of the key players.
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FEATURED COMPANIES

  • Apple
  • Deutsche Telekom
  • Giesecke & Devrient
  • Jasper
  • Orange
  • Singtel
  • MORE

1 Introduction
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 List of Major Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Breakdown of Primary Interviews
                    2.1.2.3 Primary Sources
                    2.1.2.4 Key Industry Insights
           2.1.3 Secondary and Primary Research
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing Market Size By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing Market Size By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Attractive Opportunities in eSIM Market
    4.2 eSIM Market, By Application
    4.3 eSIM Market, By Vertical
    4.4 eSIM Market in Asia Pacific, By Application and Country
    4.5 eSIM Market Share, By Country

5 Market Overview
    5.1 Introduction
    5.2 Evolution of Sim Cards
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Emphasis on Remote Sim Provisioning for M2M
                    5.3.1.2 Favorable Government Regulations Boosting M2M Communication
                    5.3.1.3 High Adoption of IoT Technology
           5.3.2 Restraints
                    5.3.2.1 Intensifying Security Threats
           5.3.3 Opportunities
                    5.3.3.1 Growing Demand for Smart Solutions
                    5.3.3.2 Rising Adoption of Wearable Electronics
           5.3.4 Challenges
                    5.3.4.1 Lack of Standardization
                    5.3.4.2 Highly Complex Ecosystem
    5.4 Value Chain Analysis

6 eSIM Market, By Application
    6.1 Introduction
    6.2 Connected Cars
    6.3 Laptops
    6.4 M2M
    6.5 Smartphones
    6.6 Tablets
    6.7 Wearables
    6.8 Others

7 eSIM Market, By Vertical
    7.1 Introduction
    7.2 Automotive
    7.3 Energy & Utilities
    7.4 Manufacturing
    7.5 Retail
    7.6 Consumer Electronics
    7.7 Transportation & Logistics

8 Geographic Analysis
    8.1 Introduction
    8.2 North America
           8.2.1 US
           8.2.2 Canada
           8.2.3 Mexico
    8.3 Europe
           8.3.1 Germany
           8.3.2 UK
           8.3.3 France
           8.3.4 Rest of Europe
    8.4 APAC
           8.4.1 China
           8.4.2 Japan
           8.4.3 India
           8.4.4 Rest of APAC
    8.5 RoW
           8.5.1 Middle East
           8.5.2 South America
           8.5.3 Africa

9 Competitive Landscape
    9.1 Overview
    9.2 Ranking Analysis of Players, 2016
    9.3 Competitive Scenario
           9.3.1 Product Launches/Developments
           9.3.2 Partnerships/ Agreements/ Strategic Alliances/ Collaborations
           9.3.3 Expansions

10 Company Profiles
(Business Overview, Products Offered, Recent Developments, View, SWOT Analysis)*
     10.1 Key Players
             10.1.1 Gemalto
             10.1.2 Stmicroelectronics
             10.1.3 Infineon Technologies
             10.1.4 NXP Semiconductors
             10.1.5 Giesecke & Devrient
             10.1.6 Deutsche Telekom
             10.1.7 Telefónica
             10.1.8 NTT Docomo
             10.1.9 Singtel
             10.1.10 Sierra Wireless
*Business Overview, Products Offered, Recent Developments, View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
     10.2 Other Key Players
             10.2.1 Apple
             10.2.2 AT&T
             10.2.3 CLX Communications
             10.2.4 Etisalat
             10.2.5 Idemia
             10.2.6 Jasper
             10.2.7 Orange
             10.2.8 Samsung Electronics
             10.2.9 Telenor Connexion
             10.2.10 Telit
             10.2.11 Vodafone

List of Tables
Table 1 eSIM Market in Terms of Value and Volume, 2015-2023
Table 2 eSIM Market, By Application, 2015-2023 (USD Million)
Table 3 eSIM Market, By Application, 2015-2023 (Million Units)
Table 4 eSIM Market for Connected Cars, By Region, 2015-2023 (USD Million)
Table 5 eSIM Market for Laptops, By Region, 2015-2023 (USD Thousand)
Table 6 eSIM Market for M2M, By Region, 2015-2023 (USD Million)
Table 7 eSIM Market for Smartphones, By Region, 2015-2023 (USD Million)
Table 8 eSIM Market for Tablets, By Region, 2015-2023 (USD Million)
Table 9 eSIM Market for Wearables, By Region, 2015-2023 (USD Million)
Table 10 eSIM Market for Others, By Region, 2015-2023 (USD Million)
Table 11 eSIM Market, By Vertical, 2015-2023 (USD Million)
Table 12 eSIM Market for Automotive, By Region, 2015-2023 (USD Million)
Table 13 eSIM Market for Energy & Utilities, By Region, 2015-2023 (USD Million)
Table 14 eSIM Market for Manufacturing, By Region, 2015-2023 (USD Million)
Table 15 eSIM Market for Retail, By Region, 2015-2023 (USD Million)
Table 16 eSIM Market for Consumer Electronics, By Region, 2015-2023 (USD Million)
Table 17 eSIM Market for Transportation & Logistics, By Region, 2015-2023 (USD Million)
Table 18 eSIM Market, By Region, 2015-2023 (USD Million)
Table 19 eSIM Market in North America, By Application, 2015-2023 (USD Million)
Table 20 eSIM Market in North America, By Vertical, 2015-2023 (USD Million)
Table 21 eSIM Market in North America, By Country, 2015-2023 (USD Million)
Table 22 eSIM Market in Europe, By Application, 2015-2023 (USD Million)
Table 23 eSIM Market in Europe, By Vertical, 2015-2023 (USD Million)
Table 24 eSIM Market in Europe, By Country, 2015-2023 (USD Million)
Table 25 eSIM Market in APAC, By Application, 2015-2023 (USD Million)
Table 26 eSIM Market in APAC, By Vertical, 2015-2023 (USD Million)
Table 27 eSIM Market in APAC, By Country, 2015-2023 (USD Million)
Table 28 eSIM Market in RoW, By Application, 2015-2023 (USD Million)
Table 29 eSIM Market in RoW, By Vertical, 2015-2023 (USD Million)
Table 30 eSIM Market in RoW, By Region, 2015-2023 (USD Million)
Table 31 Ranking Analysis of Key Players in eSIM Market, 2016

List of Figures
Figure 1 Market Segmentation
Figure 2 Research Design
Figure 3 Bottom-Up Approach to Arrive at Market Size
Figure 4 Top-Down Approach to Arrive at Market Size
Figure 5 Data Triangulation Methodology
Figure 6 eSIM Market in Terms of Value and Volume, 2018 vs 2023
Figure 7 Smartphones to Exhibit Highest CAGR in eSIM Market During 2018-2023
Figure 8 eSIM Market, By Vertical, 2018 vs 2023 (USD Million)
Figure 9 eSIM Market, By Region
Figure 10 Emphasis on Remote Sim Provisioning for M2M Drives eSIM Market Growth
Figure 11 Market for Smartphone Application to Grow at Highest CAGR During Forecast Period
Figure 12 Consumer Electronics Vertical to Dominate eSIM Market During 2018-2023
Figure 13 China to Hold Largest Share of eSIM Market in Asia Pacific in 2018
Figure 14 US to Hold Largest Share of eSIM Market in 2018
Figure 15 Evolution of eSIM
Figure 16 Value Chain Analysis of Ecosystem of Embedded Sim Cards
Figure 17 eSIM Market, By Application
Figure 18 eSIM Market for Smartphones to Grow at Highest CAGR Between 2018 and 2023
Figure 19 eSIM Market, By Vertical
Figure 20 eSIM Market for Consumer Electronics to Grow at Highest CAGR Between 2018 and 2023
Figure 21 Geographic Snapshot: eSIM Market (2018-2023)
Figure 22 eSIM Market in APAC to Grow at Highest CAGR Between 2018 and 2023
Figure 23 North America: eSIM Market Snapshot
Figure 24 Europe: eSIM Market Snapshot
Figure 25 APAC: eSIM Market Snapshot
Figure 26 Companies Adopted Agreements/Collaborations/Partnerships/ Strategic Alliances as Key Growth Strategy Between 2016 and 2018
Figure 27 Gemalto: Company Snapshot
Figure 28 Stmicroelectronics: Company Snapshot
Figure 29 Infineon Technologies: Company Snapshot
Figure 30 NXP Semiconductors: Company Snapshot
Figure 31 Giesecke & Devrient: Company Snapshot
Figure 32 Deutsche Telekom: Company Snapshot
Figure 33 Telefónica: Company Snapshot
Figure 34 NTT Docomo: Company Snapshot
Figure 35 Singtel: Company Snapshot
Figure 36 Sierra Wireless: Company Snapshot

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FEATURED COMPANIES

  • Apple
  • Deutsche Telekom
  • Giesecke & Devrient
  • Jasper
  • Orange
  • Singtel
  • MORE

The overall eSIM market is estimated to grow from USD 253.8 Million in 2018 to USD 978.3 Million by 2023, at a CAGR of 31.0% between 2018 and 2023. The emphasis on remote SIM provisioning for M2M, favorable government regulations boosting M2M communication, and high adoption of IoT technology are driving the demand for eSIM solutions.

ESIM is useful for applications in which settings are required to be remotely updated, has the capability to bypass the form factor issues, and enables easy manufacturing and deployment of several IoT devices and sensors. Presently, the global eSIM market is in its nascent phase. With the steady adoption of the IoT technology across various industries, the overall eSIM market is likely to gain traction in the coming years.

The M2M application is estimated to lead the eSIM market in 2018. The increasing penetration of the internet, coupled with the rising adoption of IoT across verticals such as automotive, consumer electronics, energy & utilities, manufacturing, retail, and transportation & logistics, is primarily driving eSIM adoption. In addition, favorable regulatory frameworks are facilitating the growth of M2M across verticals. ESIM is now a mainstream technology in the M2M application. It plays a pivotal role in this application owing to its remote programmability and high security.

The rapidly growing M2M market across verticals is expected to contribute to the dominance of M2M application during the forecast period. However, the lack of standardization in connectivity protocols is expected to hinder the eSIM market growth.

Based on vertical, the telecommunications vertical is anticipated to witness the fastest growth during the forecast period. The telecommunications vertical remains one of the major forces shaping disruption, innovation, and growth across various technology industries. ESIM is anticipated to be a game changer in telecommunications applications. It aids in intelligent switching of operator profiles without any hassle to the end user, with no geographical border constraints. The adoption of eSIMs by telecommunications stakeholders is likely to position them as leading players in connectivity and IoT markets in the coming years.

eSIM Market

Europe is estimated to hold the largest share of the eSIM market in 2018, followed by North America and Asia Pacific. However, by 2023, North America is likely to hold the largest market share globally. The increasing focus on the linking and digitization of future products and services is boosting the growth of the semiconductor industry. The semiconductor industry offers key technology solutions such as security, energy efficiency, mobility, and smart grid, across verticals. Furthermore, semiconductors are viewed as building blocks for enhanced environmental monitoring, energy efficiency, and better security. It is one of the most R&D-intensive industries in Europe. The demand for eSIMs is likely to gain momentum in the near future owing to the rapid adoption of advanced technologies, changing consumer demographics, as well as shifting consumer preferences.

ESIM cards allow remote provisioning of SIM profiles through enabling automatic interoperability between connectivity platforms and multiple SIM operator profiles. However, the operational flexibility achieved by an embedded SIM would be a futile effort if security is compromised. The eSIM collects and stores the credentials of mobile network operators (MNOs) in the inbuilt software of the device, which is prone to various security hacks. In addition, it operates through multiple MNOs and physical platforms, thereby exposing it to the risks of the virtual environment.

Major players operating in the eSIM market include Deutsche Telekom AG (Germany), Gemalto NV (Netherlands), Giesecke & Devrient GmbH (Germany), Infineon Technologies AG (Germany), NTT DOCOMO, INC. (Japan), NXP Semiconductors N.V. (Netherlands), Sierra Wireless, Inc. (Canada), Singapore Telecommunications Limited (Singapore), STMicroelectronics (Switzerland), and Telefónica, S.A. (Spain). Key market players focus on acquisitions, collaborations, joint ventures, partnerships, and product launches and developments to enhance their product offerings and expand their businesses.

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