eSIM – Global Market Trajectory & Analytics

eSIM – Global Market Trajectory & Analytics
June 14, 2021 No Comments Devices - Smartphones, Tablets & Wearables, eSIMs - Everything & Anything eSIM, IoT/M2M, Technology, Telecommunications admin

Global eSIM Market to Reach $1.8 Billion by 2027

Amid the COVID-19 crisis, the global market for eSIM estimated at US$322.3 Million in the year 2020, is projected to reach a revised size of US$1.8 Billion by 2027, growing at a CAGR of 28% over the analysis period 2020-2027. Connected Cars, one of the segments analyzed in the report, is projected to record a 26.7% CAGR and reach US$494.1 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Laptops segment is readjusted to a revised 28.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $96.6 Million, While China is Forecast to Grow at 27.4% CAGR

The eSIM market in the U.S. is estimated at US$96.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$314.4 Million by the year 2027 trailing a CAGR of 27.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.1% and 24.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 19.8% CAGR.

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M2M Segment to Record 28.6% CAGR

In the global M2M segment, USA, Canada, Japan, China and Europe will drive the 28.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$76.7 Million in the year 2020 will reach a projected size of US$446.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$217.8 Million by the year 2027. The publisher brings years of research experience to this 5th edition of the report. The 159-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • Apple, Inc.
  • AT&T, Inc.
  • Cisco – Jasper
  • CLX Communications
  • Deutsche Telekom AG
  • Etisalat
  • Gemalto
  • Giesecke & Devrient GmbH
  • Infineon Technologies AG
  • NTT DoCoMo, Inc.
  • NXP Semiconductors NV
  • Orange SA
  • Samsung Electronics Co., Ltd.
  • Sierra Wireless, Inc.
  • Singtel Optus Pty., Ltd.
  • STMicroelectronics
  • Telefonica SA
  • Telenor Connexion
  • Telit Communications PLC
  • Vodafone Group PLC

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.

To purchase the full report, please visit Research and Markets site by clicking here.

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