The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The eSIM by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The eSIM Market:
https://www.thebusinessresearchcompany.com/report/esim-global-market-report
According to The Business Research Company’s eSIM, The esim market size has grown rapidly in recent years. It will grow from $9.69 billion in 2023 to $11 billion in 2024 at a compound annual growth rate (CAGR) of 13.5%. The growth in the historic period can be attributed to increasing adoption of iot devices, rising mobile connectivity needs, globalization and cross-border connectivity, security and authentication requirements, demand for compact and integrated solutions.The esim market size is expected to see rapid growth in the next few years. It will grow to $17.91 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%.
The rising demand for connected cars is expected to drive the growth of the eSIM market. Connected cars, equipped with internet connectivity and integrated communication technologies, rely on eSIM (embedded SIM) technology for seamless and remote management of cellular connectivity. This facilitates various features, including over-the-air updates, real-time navigation, and vehicle tracking, without the need for physical SIM card replacement.For example, according to Sierra Circuits, a US-based electronics manufacturer, the global connected car market is projected to experience a Compound Annual Growth Rate (CAGR) of 21.75% during the forecast period, reaching a revenue of $156.5 billion by 2025 (as of June 2021). This growth is indicative of the increasing demand for connected car features and the integral role of eSIM technology in enabling such connectivity solutions. Therefore, the surge in demand for connected cars is a key driver for the eSIM market.
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The esim market covered in this report is segmented –
1) By Solution: Hardware, Connectivity Services
2) By Application: Connected Cars, Laptops, M2M, Smartphones, Tablets, Wearables, Other Applications
3) By Verical: Automotive, Consumer Electronics, Energy And Utilities, Manufacturing, Retail, Transportation And Logistics
Top Major Players
Infineon Technologies AG,
NXP Semiconductors N.V,
Samsung Group,
STMicroelectronics,
CEC Huada Electronic Design Co Ltd.
The esim market report table of contents includes:
1. Executive Summary
2. ESIM Market Characteristics
3. ESIM Market Trends And Strategies
4. ESIM Market - Macro Economic Scenario
5. Global ESIM Market Size and Growth
6. ESIM Market Segmentation
7. ESIM Market Regional And Country Analysis
...............
33. Key Mergers And Acquisitions In The ESIM Market
34. ESIM Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global ESIM Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global ESIM Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global ESIM Market, Segmentation By Verical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
.............
Table 74: Infineon Technologies AG Financial Performance
Table 75: NXP Semiconductors N.V Financial Performance
Table 76: Samsung Group Financial Performance
Table 77: STMicroelectronics Financial Performance
Table 78: CEC Huada Electronic Design Co Ltd Financial Performance
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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.
Europe is estimated to hold the largest share of the eSIM market in 2018, followed by North America and Asia Pacific.
eSIM market is a hardware chipset which is installed in the device permanently, in which the mobile network operates and store their data through radio signals.
Size of the chipset is small than a nano SIM and can be reprogrammed by the software, eSIM market is eliminating the need for physically replacing the SIM card eSIM has several benefits such as it helps to support multiple mobile carriers, as this makes the subscription management easier for device end-user, and also eliminates the use of several SIM cards by the device end-user.
eSIMs provide physical security as they are directly connected to the circuit of the device and it is impossible to damage the device to remove the SIM for any misuse, these benefits work as the growth driver for the eSIM market.
Moreover, M2M application is the key factor for growth and implementation of eSIM in M2M devices offer benefits such as improved reliability and security, it is a simple device setup without the need to replace or insert the SIM card and no requirement of the connector.Increased demand for smart solutions and rising adoption of wearable electronics devices create growth opportunities for eSIM market in the forecast period of 2020-2027. eSIM market is expected to reach market growth rate at the CAGR of 26.38% in the forecast period of 2020 to 2027.
Increase in the number of IoT connected devices in various end-use industries such as consumer electronics, automobile and energy utilities is driving the growth of the eSIM market.
Get Exclusive PDF Sample Copy of Reservation and Booking Software Market Report (Including Full TOC, List of Tables & Figures, Chart) at https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-esim-marketMarket Drivers and Restraints:On the basis application, the eSIM market is segmented into connected cars, laptops, M2M, smartphones, tablets, wearables and others.On the basis of vertical, the eSIM market is segmented into automotive, consumer electronics, energy and utilities, manufacturing, retail and transportation and logistics.Based on solution, the eSIM market is segmented into hardware and software.The major players covered in the ESIM MarketThe major players covered in the eSIM market report are Deutsche Telekom AG, Giesecke and Devrient GmbH, NTT Docomo Inc., Infineon Technologies AG, NXP Semiconductors, Sierra Wireless, Singapore Telecommunication Limited, STMicroelectronics, Telefonica, S.A, KORE Wireless, ARM Ltd., Apple Inc., AT & T Intellectual Property, Etisalat, Cisco Systems, Inc., IDEMIA, SAMSUNG among other domestic and global players.
