eSIM Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast to 2027
The global eSIM market size is estimated to reach USD 24.96 billion by 2027, expanding at a CAGR of 15.8%, according to a study conducted by Grand View Research, Inc. Growing adoption of IoT devices among end-use applications is acting as a stimulus for the market growth. Moreover, eSIM offers remote provisioning for the critical IoT applications, which requires remote monitoring, where safety and maintenance are required. This factor is anticipated to drive the demand over the forecast period. Furthermore, the size of the eSIMs is much smaller than that of physical SIM cards. Thus, less space is consumed by the chipset when integrated into the device. The device manufacturers are benefitted from the eSIMs technology, as manufacturers can save the SIM slot space where the physical SIM card and its tray occupy a specific area of the device. Thus, factors such as compact design specification and multiple carrier support of the eSIM are propelling the market growth. Technological advancements in consumer application devices such as smartphones, tablets, and wearables are further bolstering the growth of the market for eSIM. Moreover, high penetration of eSIMs is expected to be in smartphones owing to the compact size of the chipset. As reduced SIM space in the smartphone allows device manufacturers to offer slimmer smartphones. For instance, in 2018, Apple, Inc. launched its iPhone with dual SIM functionality with a Nano-SIM and another e-SIM. Moreover, Apple, Inc. also has integrated
eSIM in their tablets and watch series.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/esim-market eSIM Market Report Highlights
The connectivity services segment held the largest market share in 2019, attributed to the connectivity subscriptions from M2M devices
The hardware segment is anticipated to witness significant CAGR over the forecast period owing to adoption of eSIM technology among smartphone manufacturers
The consumer electronics segment is estimated to expand at a significant CAGR of over 17.0% during the forecast period owing to technological advancements and IoT connectivity among the devices
Europe is expected to witness significant CAGR of over 14.0% over the forecast period, attributed to the presence of major market players such as Giesecke+Devrient Mobile Security GmbH, Gemalto NV, and ARM Holdings
eSIM Market Segmentation Grand View Research has segmented the eSIM market on the basis of solution, application, and region: eSIM Solution Outlook (Revenue, USD Million, 2016 - 2027) Hardware
Connectivity Services
eSIM Application Outlook (Revenue, USD Million, 2016 - 2027) Consumer Electronics o
Smartphones
o
Wearables
o
Others
M2M o
Automotive
o
Energy & Utilities
o
Others
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eSIM Regional Outlook (Revenue, USD Million, 2016 - 2027) North America
o
U.S.
o
Canada
Europe o
U.K.
o
Germany
o
France
Asia Pacific o
China
o
India
o
Japan
Latin America o
Brazil
o
Mexico
Middle East & Africa
List of Key Players in the eSIM Market Infineon Technologies AG
NXP Semiconductors N.V.
STMicroelectronics
Deutsche Telekom AG
Giesecke+Devrient Mobile Security GmbH
Gemalto NV
ARM Holdings
KORE Wireless Group Inc.
Table of Contents Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data Sources 1.4. List of Abbreviations Chapter 2. Executive Summary 2.1. eSIM Market - Industry Snapshot & Key Buying Criteria, 2016 - 2027 2.2. eSIM Market, 2016 - 2027 Chapter 3. eSIM Industry Outlook 3.1. Market Segmentation 3.2. Value Chain Analysis 3.3. Market Dynamics 3.3.1. Market driver analysis 3.3.2. Market restraint/challenge analysis 3.3.3. Market opportunity analysis 3.4. Penetration & Growth Prospects Mapping 3.5. Industry Analysis - Porter's Five Force Analysis 3.6. PEST Analysis Chapter 4. eSIM Market: Solution Outlook 4.1. eSIM Market Estimates & Forecasts, By Solution, 2019 & 2027 (USD Million) 4.2. Hardware 4.2.1. Market estimates and forecasts, 2016 - 2027 (USD Million) 4.2.2. Market estimates and forecasts, by region, 2016 - 2027 (USD Million)
4.3. Connectivity Services 4.3.1. Market estimates and forecasts, 2016 - 2027 (USD Million) Continue……….. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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