eSIM Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

eSIM Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A5336
Year End sale Buy Now

Market Overview:

The global eSIM market size reached US$ 8.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 24.8 Billion by 2028, exhibiting a growth rate (CAGR) of 20.12% during 2023-2028. The increasing research and development efforts leading to improved capabilities, the enhanced user experience offered by it, the supportive regulations and policies, and the expansion of Industry 4.0 are some of the factors propelling the market.

Report Attribute
Key Statistics
Base Year
Forecast Years
Historical Years
Market Size in 2022 US$ 8.5 Billion
Market Forecast in 2028 US$ 24.8 Billion
Market Growth Rate 2023-2028 20.12%

eSIM, short for embedded Subscriber Identity Module, is a revolutionary technology that replaces the physical SIM card with a built-in chip inside a device. It allows users to activate, switch, and manage mobile network subscriptions without needing a physical SIM card. These are commonly found in smartphones, smartwatches, tablets, and other connected devices. This technology offers several advantages. It enables seamless switching between carriers without acquiring and inserting a new SIM card. It also allows for easier international travel, as users can connect to local networks remotely. Furthermore, they contribute to reducing electronic waste as they eliminate the need for disposable plastic SIM cards. The adoption of products has been steadily increasing, with major telecommunication companies and device manufacturers embracing the technology. As more devices become eSIM-compatible, it will likely become a standard feature, providing greater flexibility and convenience to users worldwide.

The global market is majorly driven by the increasing adoption of smartphones. In line with this, the growth of the Internet of Things (IoT) is significantly contributing to product adoption in various IoT devices. Furthermore, the rise of remote work accelerates the need for reliable and flexible connectivity, bolstering the market. Apart from this, the 5G rollout further fuels the demand for the product to support faster and more reliable connections. Moreover, the embedded SIM in laptops is propelling the market. Besides, the escalating product demand in healthcare applications in medical devices and remote patient monitoring systems is strengthening the market. Additionally, the significant growth in the automotive industry is providing a boost to the market as the product is widely used in all kinds of connected vehicles in infotainment systems.

eSIM Market Trends/Drivers:

Increasing product demand in M2M operations

The increasing product demand in Machine-to-Machine (M2M) operations is catalyzing the market. M2M communication involves exchanging data between connected devices without human intervention. This technology finds applications in diverse industries such as healthcare, logistics, agriculture, manufacturing, and smart cities. eSIMs play a pivotal role in M2M operations by providing a seamless and secure connectivity solution. As M2M deployments expand, the demand for eSIM-enabled devices rises to enable efficient data exchange and communication between machines. With this technology, M2M devices can connect to networks globally, supporting real-time monitoring, remote management, and automation. Industries recognize the benefits of M2M operations to enhance efficiency, reduce operational costs, and improve decision-making processes. Consequently, the demand for the product in M2M applications continues to rise, facilitating market growth and driving innovation. As M2M technologies evolve and find new use cases, their adoption is expected to accelerate further in the coming years.

Rising initiatives by governments worldwide to boost M2M communications

Governments worldwide are increasingly recognizing the transformative potential of Machine-to-Machine (M2M) communications and are actively initiating policies and programs to boost their adoption. These initiatives are driven by the desire to foster economic growth, enhance public services, and promote sustainable development. Furthermore, the governments are investing in developing robust communication infrastructures, including expanding high-speed internet and deploying 5G networks, which are vital for supporting M2M operations. Additionally, they are collaborating with industry stakeholders to create regulatory frameworks encouraging seamless integration of M2M technologies. M2M communications find applications in numerous critical sectors, such as healthcare, transportation, agriculture, and smart cities. Governments are leveraging M2M to improve healthcare services, optimize transportation networks, enhance agricultural productivity, and develop efficient urban planning solutions. By promoting M2M communications, governments aim to boost efficiency, reduce resource consumption, and improve citizens' overall quality of life. These proactive initiatives are playing a crucial role in driving the adoption of M2M technologies and, in turn, fueling the demand for the product, which acts as a fundamental enabler of seamless and secure M2M connectivity.

Growing product uptake in the energy and utility industry

The energy and utility industry is experiencing a growing uptake of technology as it seeks to optimize operations and enhance efficiency. With the increasing adoption of smart grids and the integration of renewable energy sources, there is a rising demand for reliable and secure machine-to-machine (M2M) communications. They play a vital role in this sector by providing seamless connectivity for various devices and sensors used in energy management and utility services. They facilitate real-time data exchange, remote monitoring, and control of energy assets, enabling better management of power distribution, demand-response systems, and predictive maintenance. Additionally, they offer enhanced security features, safeguarding critical infrastructure against potential cyber threats. As the energy and utility industry embraces digitization and automation, the demand for eSIM-enabled devices will continue to grow. By leveraging this technology, the energy and utility sector can optimize operations, reduce costs, and improve reliability, ultimately contributing to a more sustainable and efficient energy ecosystem. 




Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

eSIM Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global eSIM market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on type, solution, application and industry vertical.

Breakup by Type:

  • Data-Only eSIM
  • Voice, SMS and Data eSIM

Data-Only eSIM dominates the market

The report has provided a detailed breakup and analysis of the market based on the type. This includes data-only eSIM and voice, SMS and data eSIM. According to the report, data-only eSIM represented the largest segment.

Data-Only eSIMs are designed to provide connectivity solely for data services. These are commonly used in devices like tablets, smartwatches, and IoT devices that primarily require internet access but do not rely on traditional voice calls or SMS messaging. Data-only eSIMs enable seamless data connectivity without needing a physical SIM card, making them ideal for mobile data-intensive applications.

On the other hand, Voice, SMS, and Data eSIMs, also known as full-function eSIMs, offer comprehensive connectivity services, including voice calls, SMS messaging, and data access. These are typically used in smartphones and other communication-centric devices that require complete cellular services by eliminating the need for a physical SIM. They offer users the convenience of managing multiple mobile subscriptions without swapping physical SIM cards.

Breakup by Solution:

  • Hardware
  • Connectivity Services

Hardware dominates the market

The report has provided a detailed breakup and analysis of the market based on the solution. This includes hardware and connectivity services. According to the report, hardware represented the largest segment.

The hardware segment encompasses the physical components required for technology. This includes the manufacturing and supplying eSIM chips, modules, and devices equipped with embedded SIM technology. Hardware solutions are crucial for device manufacturers and IoT integrators who must embed eSIM capabilities into their products. These hardware solutions provide the foundation for seamless connectivity, enabling devices to access and switch between mobile networks without a physical SIM card.

On the contrary, the connectivity services segment comprises the digital infrastructure and platforms that facilitate the remote provisioning, activation, and management of eSIMs. Connectivity service providers work closely with network operators and device manufacturers to enable remote SIM provisioning and over-the-air updates, allowing users to switch carriers and manage multiple subscriptions easily. These services are pivotal in making this technology practical and user-friendly, enabling flexible and secure connectivity for various devices and applications.

Breakup by Application:




Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

  • Connected Car
  • Smartphone and Tablet
  • Wearable Device
  • M2M
  • Others

M2M dominates the market

The report has provided a detailed breakup and analysis of the market based on the application. This include connected car, smartphone and tablet, wearable device, M2M, and others. According to the report, M2M represented the largest segment.

M2M applications involve the exchange of data between connected devices. eSIMs play a crucial role in various industries, including healthcare, logistics, agriculture, and manufacturing, by providing secure and efficient connectivity for M2M communications. These applications enable remote monitoring, predictive maintenance, and automation.

On the contrary, the adoption of this technology in connected cars has gained momentum, transforming the automotive industry. They enable vehicles to stay connected to the internet, providing real-time navigation, infotainment, and remote diagnostics. They also facilitate Over-The-Air (OTA) updates for software and firmware, enhancing the car's functionality and security.

Furthermore, smartphones and tablets are among the primary beneficiaries of this technology. eSIMs eliminate the need for physical SIM cards, allowing users to switch carriers seamlessly and enabling dual-SIM functionality. This simplifies international travel, as users can activate local data plans remotely, reducing roaming charges.

Besides, the product integration in wearable devices, such as smartwatches and fitness trackers, empowers these gadgets to operate independently without relying on a paired smartphone for connectivity. Wearables with this technology offer features like standalone calls, messaging, and internet access, enhancing user convenience and mobility.

Breakup by Industry Vertical:

  • Automotive
  • Consumer Electronics
  • Manufacturing
  • Telecommunication
  • Transportation and Logistics
  • Others

Automotive dominates the market

The report has provided a detailed breakup and analysis of the market based on the industry vertical. This includes automotive, consumer electronics, manufacturing, telecommunication, transportation and logistics, and others. According to the report, automotive represented the largest segment.

The automotive industry has witnessed a significant transformation with the integration of technology. Connected cars leverage them to provide advanced telematics, in-car entertainment, and navigation services. The product enables seamless connectivity, OTA updates, and enhanced safety features, driving the evolution of autonomous and smart vehicles.

On the other hand, the product has made a substantial impact in consumer electronics. From smartphones to tablets, they offer users the convenience of managing multiple network subscriptions without physically switching SIM cards. This technology extends to other devices like laptops, smart TVs, and gaming consoles, enhancing the user experience.

Moreover, the manufacturing industry leverages technology for M2M communications to optimize processes and monitor industrial equipment. eSIM-enabled devices facilitate remote monitoring, predictive maintenance, and real-time data analysis, streamlining production and reducing downtime.

Besides, product adoption in the telecommunication sector allows operators to offer flexible plans and improve customer experiences. They enable easy activation and remote provisioning of services, simplifying the onboarding process for subscribers.

Additionally, they are vital in fleet management, asset tracking, and supply chain optimization in the transportation and logistics industry. eSIM-enabled devices provide seamless connectivity for efficient logistics operations, real-time tracking, and route optimization.

With the growing demand for connected devices and IoT solutions across these diverse industry verticals, the market is poised for continued expansion and innovation. As more industries recognize the benefits of this technology, its adoption is likely to drive further advancements and transformative changes across sectors.

Breakup by Region:




To get more information on the regional analysis of this market, Request Sample

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

North America exhibits a clear dominance, accounting for the largest market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Russia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.

In North America, the adoption of technology has been robust. The region's tech-savvy population and strong smartphone penetration have driven the demand for eSIM-enabled devices. The automotive industry's rapid progress in connected cars and the growing interest in IoT applications have further bolstered product adoption. North America's well-established telecommunications infrastructure and the presence of major device manufacturers and service providers contribute to the region's market growth. Additionally, supportive government initiatives and consumer awareness about the benefits of the product have played a pivotal role in expanding the market.

Furthermore, the Asia Pacific region is experiencing significant growth in the market. The massive population and increasing smartphone adoption in countries like China and India create a substantial demand for eSIM-enabled devices. The region's expanding IoT ecosystem and the implementation of 5G networks further drive the adoption of technology across various industries. Moreover, the region's increasing focus on smart cities, automotive advancements, and digital transformation initiatives present vast opportunities for product applications. As a result, the Asia Pacific is poised to become a prominent market for these solutions, offering substantial growth potential in the foreseeable future.

Competitive Landscape:

Top companies are pivotal in strengthening the market through various strategic initiatives. They are investing heavily in research and development to improve the technology, making it more efficient, secure, and compatible with various devices. These companies partner with device manufacturers and network operators to promote product integration in smartphones, wearables, and IoT devices. Moreover, these companies are expanding their global reach by establishing collaborations with international carriers, enabling seamless cross-border connectivity for users. They actively participate in industry events and forums to advocate for product adoption and educate consumers about its benefits. Furthermore, these companies are developing innovative solutions to address specific industry needs, such as automotive connectivity, smart city applications, and IoT deployments. By offering comprehensive services, top companies are driving market awareness, simplifying the onboarding process, and fostering user trust, thus contributing significantly to the overall growth and acceptance of the technology.

The report has provided a comprehensive analysis of the competitive landscape in the eSIM market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

  • Apple Inc.
  • Arm Limited
  • AT&T Inc.
  • Deutsche Telekom AG
  • Giesecke+Devrient GmbH
  • Infineon Technologies AG
  • NTT Docomo Inc. (Nippon Telegraph and Telephone Corporation)
  • NXP Semiconductors N.V.
  • Samsung Electronics Co. Ltd.
  • Sierra Wireless
  • STMicroelectronics
  • Telefónica S.A.
  • Thales Group
  • Vodafone Group Plc

Recent Developments:

  • Apple launched its dual SIM support feature for the iPhone 11 series, including an eSIM and a physical SIM card. This move marked Apple's first step into eSIM technology, allowing users to activate a secondary line without a physical SIM card.
  • Arm collaborated with Vodafone to launch a customized integrated SIM (iSIM) solution for IoT devices. The technology allows devices to be securely provisioned and managed remotely, making it easier for manufacturers to embed eSIM functionality in their IoT products.
  • AT&T announced the launch of its consumer eSIM support, allowing compatible devices, including iPhones and iPads, to use the technology on its network. This gave customers the flexibility to activate and manage multiple lines on their devices without needing physical SIM cards.

eSIM Market Report Scope:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Type
  • Solution
  • Application
  • Industry Vertical
  • Region
Types Covered Data-Only eSIM, Voice, SMS and Data eSIM
Solutions Covered Hardware, Connectivity Services
Applications Covered Connected Car, Smartphone and Tablet, Wearable Device, M2M, Others
Industry Verticals Covered Automotive, Consumer Electronics, Manufacturing, Telecommunication, Transportation and Logistics, Others
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Apple Inc., Arm Limited, AT&T Inc., Deutsche Telekom AG, Giesecke+Devrient GmbH, IDEMIA, Infineon Technologies AG, NTT Docomo Inc. (Nippon Telegraph and Telephone Corporation), NXP Semiconductors N.V., Samsung Electronics Co. Ltd., Sierra Wireless, STMicroelectronics, Telefónica S.A., Thales Group, Vodafone Group Plc. etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the eSIM market from 2017-2028.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global eSIM market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the eSIM industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

We expect the global eSIM market to exhibit a CAGR of 20.12% during 2023-2028.

The extensive deployment of eSIM in infotainment systems, including assisted driving, vehicle telematics, automotive navigation, etc., is primarily driving the global eSIM market.

The sudden outbreak of the COVID-19 pandemic has led to the rising adoption of wireless, cellular- based solutions, such as eSIM, across various industrial verticals on account of the increasing technological advancements to limit manual interventions.

Based on the type, the global eSIM market has been divided into data-only eSIM and voice, SMS and data eSIM. Currently, data-only eSIM exhibits a clear dominance in the market.

Based on the solution, the global eSIM market can be categorized into hardware and connectivity services, where hardware holds the majority of the total market share.

Based on the application, the global eSIM market has been segmented into connected car, smartphone and tablet, wearable device, M2M, and others. Among these, M2M represents the largest market share.

Based on the industry vertical, the global eSIM market can be bifurcated into automotive, consumer electronics, manufacturing, telecommunication, transportation and logistics, and others. Currently, the automotive industry accounts for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global eSIM market include Apple Inc., Arm Limited, AT&T Inc., Deutsche Telekom AG, Giesecke+Devrient GmbH, IDEMIA, Infineon Technologies AG, NTT Docomo Inc. (Nippon Telegraph and Telephone Corporation), NXP Semiconductors N.V., Samsung Electronics Co. Ltd., Sierra Wireless, STMicroelectronics, Telefónica S.A., Thales Group, and Vodafone Group Plc.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
eSIM Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Purchase options Year End sale

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More