| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 11.29 Billion |
| Market Size (2030) | USD 21.91 Billion |
| CAGR (2025 - 2030) | 14.18 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Embedded SIM (eSIM) Market Analysis
The Embedded SIM Market size is estimated at USD 11.29 billion in 2025, and is expected to reach USD 21.91 billion by 2030, at a CAGR of 14.18% during the forecast period (2025-2030).
- In recent years, the global embedded SIM (eSIM) market has surged, driven by the widespread adoption of eSIM technology across various industries. Unlike traditional SIM cards, eSIMs are integrated directly into devices, allowing for remote management and provisioning of mobile subscriptions. eSIM technology's prevalent use in Internet of Things (IoT) applications facilitates effortless device maintenance and uninterrupted communication. Many enterprises leverage IoT as a cornerstone for digital transformation, refining their business processes and pioneering new models. Recognized as a pivotal force, IoT empowers businesses and service providers to enhance operational efficiency and drive digital transformation.
- As sectors like manufacturing, automotive, and healthcare increasingly adopt IoT technology, the market witness's robust growth. IoT is propelling the next industrial revolution of intelligent connectivity, steering the traditional manufacturing sector towards a digital evolution. Industries are rethinking their approach to manage intricate systems and technologies, aiming to boost productivity and minimize downtime.
- With the rising adoption of connected devices and sensors, there's a growing demand for eSIM-driven seamless connectivity in the manufacturing sector. This surge is further fueled by the activation of machine-to-machine (M2M) communication. The data points generated can vary widely, from simple metrics like the duration of a manufacturing cycle to advanced computations, such as assessing a material's stress tolerance in the automotive realm.
- Consumer devices, including smartphones, tablets, and wearables, are increasingly integrating eSIM technology to enhance user experience and flexibility. Wearable technology, a burgeoning trend, seamlessly integrates electronics into daily life, adapting to evolving lifestyles. This surge in wearables is largely attributed to their internet connectivity and the ability to facilitate data exchange between devices and networks.
- As urbanization accelerates globally, there's a heightened demand for sophisticated, aesthetically pleasing devices that cater to modern needs, like efficient time management. Moreover, the world's sizable millennial demographic, with its newfound purchasing power, has rapidly adopted smartwatches, valuing features like work hour tracking and luxury.
- However, security and interoperability standardization issues are restraining the market growth. With traditional SIM cards, physical access is required to tamper with or replace the SIM, making it more difficult for malicious actors to compromise the connection. However, as eSIM is soldered directly onto the device's circuitry, the potential for unauthorized access or cloning could be a significant security risk.
Embedded SIM (eSIM) Market Trends
Smartphones Application Segment is Expected to Hold Significant Market Share
- eSIM technology has been increasingly integrated into smartphones, bringing numerous benefits to consumers and mobile network operators (MNOs). eSIM eliminates the need for physical SIM cards, allowing users to activate and switch between mobile carriers more easily. With eSIMs, users can remotely provision their devices with a new carrier's profile without the hassle of acquiring a physical SIM card and waiting for it to be delivered.
- eSIM technology has enabled the adoption of dual-SIM functionality in smartphones. With a combination of eSIM physical card slots, users can have two active phone numbers on the same devices, which is especially useful for travelers, business professionals, or people with multiple cellular subscriptions.
- For mobile network operators, eSIM technology offers greater flexibility in onboarding new customers. Instead of distributing physical SIM cards through retail channels, MNOs can remotely provision eSIMs, simplifying the activation process and reducing distribution costs. eSIM plays a significant role in enabling connectivity for IoT devices. Smartphones are a gateway for various IoT applications, and eSIM technology provides a secure and efficient way to connect IoT devices to cellular networks.
- The ongoing development of 5G networks and the proliferation of IoT devices are expected to further the integration of eSIM in smartphones and other connected devices. According to Ericsson, global cellular Internet of Things (IoT) connections are anticipated to experience significant growth in the broadband and critical IoT sectors, with projections estimating approximately 4.2 billion connections by 2029.
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North America is Expected to Hold Significant Market Share
- North America has witnessed a rapid rise in the adoption of IoT devices across various industries, including healthcare, automotive, smart home, and industrial applications. eSIM technology plays a crucial role in providing seamless connectivity for these devices, driving the growth of the eSIM market. Manufacturers have incorporated eSIM technology into many devices, including smartphones, tablets, wearables, and IoT devices. As more devices become eSIM-enabled, the demand for eSIM services is expected to rise.
- The deployment of 5G networks in North America has been gaining momentum. eSIM technology complements the capabilities of the 5G network by providing seamless connectivity and making it easier for consumers to switch between carriers and plans. GSMA projects that by 2030, 5G will dominate with 90% of connections in North America, bolstering the economy by a substantial USD 210 billion.
- In North America, the industrial Internet of Things (IIoT) is driving significant advancements in industries through automation, predictive maintenance, and real-time monitoring. Cellular connectivity is critical for enabling data transfer and remote management of industrial sensors, machinery, and equipment. eSIMs play a key role in delivering secure and reliable connections across various industrial applications. For instance, in agriculture, eSIMs support seamless data collection and transmission in weather stations, precision farming equipment, and soil monitoring systems. As industries increasingly implement IIoT solutions, the demand for eSIMs to ensure reliable connectivity and efficient remote device management is expected to rise.
- Moreover, the region is seeing a surge in eSIM launches, bolstering its stance in the global embedded SIM market. For instance, in January 2025, Faye, an award-winning travel platform, in collaboration with Gigs, a top mobile services operating system, launched its fully digital travel eSIM. Faye stands out as the world's first travel insurance platform to integrate a digital connectivity solution with its comprehensive protection plans. This innovation allows users to remain connected in over 190 countries, sidestepping unexpected roaming fees. Faye's eSIM launch highlights its dedication to enhancing travel experiences, ensuring they are safer, smoother, and stress-free, all through a single app.
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Embedded SIM (eSIM) Industry Overview
The embedded SIM (eSIM) market is fragmented, with the presence of major players like Gemalto N.V. (Thales Group), Giesecke+Devrient GmbH, STMicroelectronics N.V., Infineon Technologies AG, and Valid S.A coupled with emergence of new vendors. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage. Moreover, the market vendors are expanding their presence in new geographies and launching new eSIM solutions to expand their market presence, thus further intensifying the competition in the market.
Embedded SIM (eSIM) Market Leaders
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Giesecke+Devrient GmbH
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STMicroelectronics N.V.
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Infineon Technologies AG
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Valid S.A.
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Thales Group
- *Disclaimer: Major Players sorted in no particular order
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Embedded SIM (eSIM) Market News
- January 2025: Infineon Technologies AG has launched the OPTIGA Connect Consumer OC1230, marking the debut of the world's smallest GSMA-compliant eSIM solution built on a 28 nm architecture. The OPTIGA Connect Consumer boasts energy consumption that's up to 50 percent lower than competing eSIMs, significantly prolonging device battery life without sacrificing performance. Additionally, the remote management capability of eSIMs enhances convenience, eliminating the need for frequent physical SIM changes. This not only conserves time and resources but also offers users greater flexibility.
- October 2024: Simology, a global provider of affordable eSIM solutions, has launched its eSIM service, aiming to keep travelers connected across borders. With Simology's eSIM technology, travelers can instantly activate mobile data plans through the Simology app. Users have the flexibility to select from a range of budget-friendly local, regional, and global data plans, ensuring they connect to dependable local networks as soon as they arrive at their destination.
- October 2024: In collaboration with Telecom-as-a-Service (TaaS) provider Gigs, Wealthsimple, a Canadian robo-advisory and stock trading platform, has launched a global travel eSIM. This offering, a component of Wealthsimple's lifestyle rewards program, is reserved for clients holding assets over USD 200,000. The travel eSIM, designed to integrate effortlessly with a primary physical SIM or eSIM to sidestep roaming charges, ensures connectivity in more than 140 countries. Furthermore, Wealthsimple’s Premium and Generation clients can access a 10GB travel eSIM option.
- September 2024: Kuda has launched a new feature enabling customers to purchase eSIMs directly through its app. This advanced service provides users with virtual SIM cards, facilitating seamless internet connectivity in over 60 countries, including the US, UK, Canada, and Saudi Arabia, as well as key tourist and business destinations across Europe and Africa. The eSIM service offers Kuda customers a streamlined solution to stay connected internationally without requiring a foreign data plan.
Embedded SIM (eSIM) Industry Segmentation
An eSIM is a small, programmable chip embedded directly into devices, such as smartphones, tablets, wearable devices, and other IoT devices, allowing remote SIM provisioning without needing a physical SIM card.
The embedded SIM (eSIM) market is segmented by application (smartphones, tablets and laptops, wearables, M2M), by geography (North America (United States, Canada), Europe (United Kingdom, Germany, France, rest of Europe), Asia Pacific (China, South Korea, Japan, Rest of Asia Pacific), Latin America, Middle East and Africa)). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Application | Smartphones | ||
| Tablets & Laptops | |||
| Wearables | |||
| M2M (Industrial, Automotive, etc.) | |||
| By Geography | North America | United States | |
| Canada | |||
| Europe | United Kingdom | ||
| Germany | |||
| France | |||
| Asia | China | ||
| South Korea | |||
| Japan | |||
| Australia and New Zealand | |||
| Latin America | |||
| Middle East and Africa | |||
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Embedded SIM (eSIM) Market Research FAQs
How big is the Embedded SIM Market?
The Embedded SIM Market size is expected to reach USD 11.29 billion in 2025 and grow at a CAGR of 14.18% to reach USD 21.91 billion by 2030.
What is the current Embedded SIM Market size?
In 2025, the Embedded SIM Market size is expected to reach USD 11.29 billion.
Who are the key players in Embedded SIM Market?
Giesecke+Devrient GmbH, STMicroelectronics N.V., Infineon Technologies AG, Valid S.A. and Thales Group are the major companies operating in the Embedded SIM Market.
Which is the fastest growing region in Embedded SIM Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Embedded SIM Market?
In 2025, the North America accounts for the largest market share in Embedded SIM Market.
What years does this Embedded SIM Market cover, and what was the market size in 2024?
In 2024, the Embedded SIM Market size was estimated at USD 9.69 billion. The report covers the Embedded SIM Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Embedded SIM Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Embedded SIM (eSIM) Industry Report
Statistics for the 2025 Embedded SIM (eSIM) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Embedded SIM (eSIM) analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
