Future prospects of global eSIM technology

In 2022, the Global eSIM Market was valued at USD 8 billion and is expected to reach around 20.6 billion in 2032. Between 2023 and 2032, this market is estimated to register a CAGR of 10.2%.

What is eSIM?

eSIM technology, which integrates into devices and is remotely programmable, eliminates the need for physical SIM card replacements. This makes transferring carriers easier than ever, increasing security, flexibility, and lowering prices for seamless connectivity between various devices.


It is also ideal for Internet of Things apps, connected vehicles, and other cutting-edge technologies like autonomous vehicles or connected homes. eSIM adoption rates are growing due to its numerous advantages including increased security, increased flexibility, and lower prices, plus seamless connectivity between different gadgets such as Internet of Things apps or connected vehicles that require a connection between different gadgets.

eSIM Driving Factors:

The global eSIM market is being propelled forward by several factors, including an increasing need for connected devices. As more businesses embrace IoT technologies such as IoT sensors and devices, there’s an increasing requirement to connect equipment securely and conveniently – something eSIM technology makes possible. Furthermore, major smartphone companies like Apple and Samsung are beginning to incorporate eSIMs into their devices, furthering consumer adoption of this form of SIM technology in this space.

Smartwatches also start the use of electronic SIMs (eSIMs). Not only can eSIMs reduce roaming fees and allow users to switch networks without directly replacing their SIM card, which has contributed to international travelers’ interest in them; furthermore, their more secure data storage and transmission properties appeal to organizations and people that require greater privacy than traditional SIM cards; their use is expanding into new markets as the technology allows its use in an array of devices and applications including automotive settings.

Restraining Factors:

Though the global eSIM market is experiencing significant growth, there are several obstacles that could slow its progress. One major hindrance is a lack of standardized solutions for various devices and networks. Due to the absence of an international standard for eSIMs, compatibility issues may arise and prevent their widespread adoption.

Furthermore, due to the high cost associated with eSIM technology, some may hesitate to invest in it. The initial investment required to implement eSIM technology is higher than for traditional SIM cards, potentially discouraging some companies and consumers from adopting them.

COVID-19 Impact Analysis

The COVID-19 pandemic has had an uneventful effect on the global eSIM market. On one hand, it has spurred demand for remote working solutions and connected devices, which in turn fueled growth in eSIM sales. As more people work from home relying on connected devices to stay connected, eSIMs have become more appealing as they offer a secure yet convenient method of connecting devices to networks.

As expected, the pandemic has created disruptions in supply chains and logistics that have severely hindered both the production and distribution of eSIMs. Factory closures and travel restrictions have delayed deliveries of components necessary for manufacturing eSIMs; further affecting growth.

It has also caused changes in consumer behavior with shoppers being more conservative with spending, prioritizing essential goods and services above luxury items; leading to slow adoption rates of eSIMs across various markets.

Here are some indicative prepaid eSIM card prices:


Europe (39 countries)

1 GB - 7 days - €4.53

3 GB - 30 days - €12.00

10 GB - 30 days - €33.40airalo

Europe (29 countries)

500 MB - 1 day - €2.00

3 GB - 30 days - €8.00

10 GB - 30 days - €19.00


Europe (36 countries)

1 GB - 7 days - €6.50

3 GB - 15 days - €11.00

10 GB - 30 days - €20.50


Europe (42 countries) 

1 GB - 7 days - €3.73
3 GB - 15 days - €8.45

10 GB - 30 days- €17.40 instabridge logo

Europe (43 countries) 

1 GB - 7 days - €4.70 

5 GB - 30 days - €18.70

10 GB -30 days- €35.40gigsky
eSIM Europe 

Europe (42 countries)

5 GB - 10 days - €11.20

10 GB - 30 days - €22.50

20 GB - 30 days - €33.55 EUsim logo

Stay ahead of the curve in mobile connectivity by following all the latest and most important eSIM news.

eSIM Solution Analysis

Based on the solution the market for global eSIM is segmented into hardware and connectivity services. Among this segment, the connectivity services segment is dominant in the market with a market share of 89.48%.

Mobile network operators offer a range of connectivity services for eSIM-enabled devices, including voice and data plans, IoT connectivity solutions, and other services. These services typically include remote management and activation of eSIM profiles, as well as real-time analytics and insights into network usage. The hardware includes eSIM chips, eSIM modules, SIM cards, etc.

Application Analysis

Electronic SIM (eSIM) technology has many applications in consumer electronics devices like connected cars, laptops, M2M, smartphones and tablets, wearables as well as other gadgets. Consumer electronics items such as smartwatches now extensively integrate eSIM technology. The elimination of physical SIM cards makes switching carriers or adding extra lines simpler for users. eSIMs can connect to various networks and are perfect for global travelers.

The automotive industry also utilizes eSIMs for vehicle connectivity. This enables features like real-time traffic updates, remote diagnostics, and over-the-air software updates.

eSIM Growth Opportunity

The global eSIM market presents several growth and expansion opportunities, driven by its growing adoption across emerging markets. As more countries connect to the internet, demand for secure and user-friendly ways of connecting devices has skyrocketed. As the Internet of Things (IoT) expands, electronic SIMs present another major opportunity in their space; offering secure scalable ways of connecting a large number of devices securely.

Automotive offers an immense opportunity for eSIM adoption; connected cars are expected to rapidly adopt them over the coming years. 5G networks have opened up new possibilities for eSIMs as they can take advantage of higher data speeds and reduced latency on 5G connections for faster connections. Furthermore, with their growing use for enterprise applications such as asset tracking or remote monitoring, eSIMs may move beyond consumer to enterprise applications as well.

eSIM Latest Trends

Trends are driving the expansion and development of the global eSIM market, particularly their increased use in consumer electronics such as cellphones and wearables, providing customers more access to this technology through major smartphone makers that integrate it into their products.

eSIMs have also proven themselves useful in Internet of Things (IoT) applications due to their secure and scalable network connectivity – perfect for asset tracking, remote monitoring, and smart home gadgets.

The eSIM market is expanding rapidly across sectors. Automotive eSIM adoption will rise in the coming years, while its use for business purposes will grow exponentially, including supply chain management and asset tracking.

Regional Analysis

Based on geographic segmentation, the global eSIM market can be examined.

These regions include North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa (MEA).

Given its prevalence of connected devices and access to top eSIM providers, North America currently holds the highest market share for eSIMs at 42.2%. North America’s three major markets for eSIMs are: USA, Canada, and Mexico whereas Europe features three key marketplaces for these eSIMs: UK Germany France.

esim market

Asia-Pacific is an attractive market for eSIMs due to the rise in Internet of Things device adoption and rising demand in emerging economies such as India and China. China holds the highest eSIM penetration rate among this region’s countries followed by Japan and India.

The eSIM market is expected to experience significant growth in Latin America and MEA regions due to the increasing adoption of connected devices and the rising demand for secure and convenient connectivity solutions. Brazil, Mexico, and Argentina are leading markets in Latin America while UAE, Saudi Arabia, and South Africa lead MEA’s eSIM landscape.

Market Key Players:

  • Gemalto N V
  • Giesecke+Devrient GmbH
  • STMicroelectronics N V
  • Infineon Technologies AG
  • Valid S A
  • Kigen Ltd
  • Deutsche Telekom AG
  • KORE Wireless
  • NXP Semiconductors N V
  • Sierra Wireless
  • Thales Group
  • Workz Group


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