eSIM Market Size, Share & Trends Report

eSIM Market Size, Share & Trends Analysis Report By Solution (Hardware, Connectivity Services), By Application (Consumer Electronics, M2M), By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-4-68038-667-7
  • Number of Pages: 206
  • Format: Electronic (PDF)
  • Historical Range: 2017 - 2021
  • Industry: Technology

Research Methodology

A three-pronged approach was followed for deducing the eSIM market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for eSIM market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of eSIM market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

eSIM Market Categorization:

The eSIM market was categorized into three segments, namely solution (Hardware, Connectivity services), application (Consumer Electronics, M2M), region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).

Segment Market Methodology:

The eSIM market was segmented into solution, application, region. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The eSIM market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into fifteen countries, namely, the U.S.; Canada; the UK; Germany; France; China; Japan; India; Australia; South Korea; Brazil; Mexico; Saudi Arabia; South Africa; UAE.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

eSIM market companies & financials:

The eSIM market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Deutsche Telekom AG - The telecommunications business Deutsche Telekom AG provides IPTV products and services, Internet services, mobile communications, and fixed-network/broadband services. For corporate and business users, the company also provides ICT solutions. All data and voice communications based on broadband and fixed-network technologies are included in Deutsche Telekom AG's fixed-network business. The company's mobile communications division offers corporate and commercial clients as well as individual users’ mobile phone and data services. The five operational sectors of Deutsche Telekom AG are Group Development, System Solutions, Germany, the United States, and Europe. The geographic reach of the firm includes Europe, Asia, Africa, South America, and North America. As of September 2021, the firm has around 22.2 million broadband consumers, 27.4 million fixed-network connections, and 250.5 million mobile end users. The business is known as DTE on the Frankfurt Stock Exchange.

  • Giesecke+Devrient Mobile Security GmbH - Giesecke+Devrient Mobile Security GmbH offers connection and payment solutions for mobile and electronic devices. The business provides services, goods, and solutions for safe and easy digital transportation. Financial Solutions, Connectivity & Devices, and Digital Enterprise Security are some of the company's main divisions. Along with the incumbents in the public sector, the firm provides services to device makers, financial institutions, and connection service providers. It also caters to a variety of other sectors and industrial verticals, such as transportation, manufacturing IIOT, and automotive. The holding company Giesecke+Devrient GmbH comprises Giesecke+Devrient Professional Services, Giesecke+Devrient Currency Technology, Giesecke+Devrient Currency Technology Data Management GmbH, Veridos GmbH, and secunet Security Networks AG. Among its subgroups is Giesecke+Devrient Mobile Security GmbH. Sales of mobile security decreased in 2020 as compared to the prior year.

  • Infineon Technologies AG - The semiconductors made by Infineon Technologies AG are used in robotics, smart homes, solar, wind, and light vehicle applications, as well as power distribution. Digital Security Solutions, Power Management & Multimarket, Automotive, Industrial Power Control, and Other Operating Segments are the five business segments through which the corporation runs its operations. The Automotive business sector of Infineon Technologies AG offers voltage regulators, radar sensors, transceivers, magnetic pressure sensors, power ICs, modules and microcontrollers, and other sensors for security, powertrain, and driver assistance. Silicon carbide MOSFETs, IGBT module solutions, discrete integrated circuits, and intelligent power modules are provided by the Industrial Power Control business division for use in energy distribution, household appliances, industrial vehicles, industrial robotics, power supply, and renewable energy generation. Contact, contactless, embedded, and dual-interface security controllers are provided by the Digital Security Solution segment. These security controllers are mainly used in healthcare cards, automotive, IoT, payment, mobile, and government identity document applications, among other applications. ICs, switches, bespoke chips, MEMS sensors, MEMS microphones, carbide diodes, TVS diodes, GPS low-noise amplifiers, and discrete low- and high-voltage power MOSFETs are all available from the Power Management & Multimarket business category.

  • KORE Wireless - A supplier of data for wireless networks is KORE Wireless. The business offers end-to-end IoT solutions, asset-monitoring IoT solutions, and location tracking systems. Additionally, the firm offers a range of services, such as location-based services, secure and managed connection services, and full IoT endpoint lifecycle management services. KORE Wireless provides IoT business solutions for a range of sectors, including real estate, construction, insurance, automotive, industrial, logistics, healthcare, and fleet management. The United States, Canada, the United Kingdom, the Netherlands, Brazil, Australia, Singapore, and New Zealand are all part of the company's global reach. A supplier of data for wireless networks is KORE Wireless. The business offers end-to-end IoT solutions, asset-monitoring IoT solutions, and location-tracking systems. Additionally, the firm offers a range of services, such as location-based services, secure and managed connection services, and full IoT endpoint lifecycle management services. KORE Wireless provides IoT business solutions for a range of sectors, including real estate, construction, insurance, automotive, industrial, logistics, healthcare, and fleet management. The geographical reach of the firm includes the United States, Canada, the United Kingdom, the Netherlands, Brazil, Australia, Singapore, and New Zealand.

  • NXP Semiconductors N.V. - Secure connection solutions for embedded applications are designed and developed by NXP Semiconductors N.V. The company's product segment includes a wide range of sensors, including touch, capacitive, and temperature sensors; pressure sensors, such as tire pressure monitoring sensors, gauge sensors, differential sensors, and absolute sensors; magnetic sensors, such as magnetometers, eCompass, angular sensors, and speed sensors; and motion sensors, such as accelerometers and gyroscopes. The company's sensors combine intelligent integration, platform software customization, and logic in a balanced way to allow for better and distinctive applications. With a focus on high-performance mixed-signal electronics, NXP Semiconductors N.V. is spearheading advancements in the field of wearable and portable electronics applications. The firm operates in both the United States and Europe. The corporation has production and research centres spread throughout Europe, Asia, and the United States. The personal health and fitness and healthcare market verticals are big fans of the company's smart linked solutions. The organization serves a range of original design manufacturers, contract manufacturers, and distributors, including SAMSUNG, Huawei Technologies Co., Ltd., and Apple Inc.

  • Sierra Wireless - Sierra Wireless is an Internet of Things startup that creates and produces wireless communication devices. The firm provides recurring connection services, IoT cloud platforms, embedded cellular gateways and modules, and integrated Device-to-Cloud IoT solutions. Sierra Wireless provides goods and services to the market leaders in several sectors and industry verticals, including public safety, smart cities, energy and natural resources, industrial production, transportation & logistics, and healthcare and retail. More than 130 nations throughout the Americas, South America, Europe, the Middle East & Africa, and Asia use the company's goods and services. In 2020, research and development costs for the corporation came to USD 82.0 million.

  • STMicroelectronics - An extensive array of products, including integrated circuits, semi-custom and full-custom devices, and application-specific standard products for mixed-signal, digital, and analog applications, are designed, developed, manufactured, and marketed by STMicroelectronics, a semiconductor company. Software for automobiles, personal electronics, communication devices, computer peripherals, and Internet of Things applications is also developed by STMicroelectronics. In addition, the firm produces and sells integrated circuit devices for smart homes, smart cars, and smart industrial uses. The Analog, MEMS, and Sensors Group; Automotive and Discrete Group; and Microcontrollers and Digital ICs Group are the company's reportable segments. The MEMS and Sensors Group segment of STMicroelectronics provides a range of products, including touchscreen controllers, specialized imaging sensors and modules, MEMS products, wireline and wireless low-power connectivity solutions for IoT applications, custom and general-purpose low-power, high-end analog ICs, and smart power products for industrial applications. The Americas, Europe, Asia Pacific, and Middle East & Africa are the regions in which STMicroelectronics works. The firm operates 80 sales and marketing offices in 35 countries in addition to 13 significant production sites. Globally, the organization serves over 100,000 clients.

  • Thales Group - The international company Thales Group is mostly involved in the design and production of electrical systems. Space, military, digital identity & security, aerospace, and transportation are just a few of the application areas for which the firm provides solutions. The transport branch of Thales Group provides solutions for traffic management, communications, security, ticketing and revenue, and passenger information in addition to signalling and train control. Solutions for airport security, border surveillance, vital information systems, infrastructure security, cybersecurity, and urban security are provided by the company's security division. Protection, mission/combat, and communication/command and control systems, as well as training and simulation systems, are all offered by the company's defense business. The company's anti-drone system development is part of its military and security business line. Listed as THLLY on Euronext Paris, Thales Group is a publicly traded firm.

  • Workz Group - Workz Group is a dynamic supplier of mobile and Internet of Things solutions. The business is a top manufacturer of scratch cards and SIM cards. By providing secure connected solutions for clients, IoT devices, and M2M devices, the company's solutions are made to safeguard and connect mobile subscribers. Additionally, Workz Group offers solutions for integrated SIM technology and Internet of Things security. Over 12 billion connections and 60 million data records have been safely managed by the firm in roughly 70 different nations worldwide. Workz Group maintains offices and R&D and manufacturing facilities in the United States, United Kingdom, United Arab Emirates, South Africa, Hong Kong, and Senegal. The organization is a part of some of the top trade associations in the sector, including as the GSMA and the Trusted Connectivity Alliance.

  • Kigen - Kigen is a telecom provider with a focus on SIM card supply and associated services. The business offers a wide range of solutions that streamline SIM distribution and management along the connected device value chain, in collaboration with its partners. Kigen has divided its offers into categories: solutions and goods. The firm provides data generation, remote SIM provisioning, eSIM, iSIM, SIM OS, and professional services within its product line. The firm provides a range of solutions under the solutions section for silicon partners, MNOs and connection providers, OEMs and producers of modules, and IoT service providers. Per the GSMA remote SIM provisioning requirements, the company's remote SIM provisioning service is made to effortlessly create, maintain, and host operator profiles. Kigen has added many new clients, including Sequans Communications, Qualcomm Technologies, KORE Wireless, and Alif Semiconductor. The company boasts a well-established ecosystem with seasoned partners. In addition to having innovative, cutting-edge eSIM and integrated SIM (iSIM) deployments with top chipset suppliers, module manufacturers, and network operators, the business has enabled 2 billion SIMs in IoT devices.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

eSIM Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2017 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

eSIM Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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