eSIM Market by Application (Connected Cars, Laptops, M2M, Smartphones, Tablets, Wearables), Vertical (Automotive, Consumer Electronics, Energy & Utilities, Manufacturing, Retail, Transportation & Logistics), and Geography - Global Forecast, 2035
eSIM Market Overview
The global E-SIM market was valued at USD 1.14 billion in 2024 and is estimated to reach USD 8.23 billion by 2035, at a CAGR of 20.0% between 2025 and 2035.
The global embedded SIM (eSIM) market is positioned for significant expansion between 2025 and 2035, driven by the rising adoption of connected devices, 5G integration, and the rapid growth of the Internet of Things ecosystem. eSIM technology eliminates the need for physical SIM cards by enabling remote provisioning of mobile operator profiles, enhancing flexibility, security, and scalability. The technology is being deployed across multiple applications including smartphones, connected cars, wearables, and industrial IoT. According to industry estimates, the eSIM market will experience sustained double-digit growth rates during the forecast period, with strong contributions from both consumer and enterprise segments.
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Embedded Subscriber Identity Module (eSIM), also referred to as Embedded Universal Integrated Circuit Card (eUICC), is a reprogrammable chip that comes in either soldered or removable form. It is a small chip used to authenticate the user’s identity with his or her carrier. eSIM is smart in terms of its functionality as it supports multiple accounts, allows switching to various mobile network operators (MNOs), and manages accounts just by updating the software settings from the user’s mobile phone.
Market by Application
Connected Cars
Connected cars are expected to remain one of the largest application areas for eSIM technology. Automotive manufacturers are integrating eSIMs into next-generation vehicles to support advanced telematics, navigation, infotainment, and vehicle-to-everything communication. The ability to remotely update software, optimize fleet management, and ensure global connectivity positions eSIM as a critical enabler of the connected and autonomous mobility ecosystem. This segment is forecasted to witness robust growth in line with the expansion of electric vehicles and intelligent transportation systems.
Laptops
The laptop segment is emerging as a key contributor to the eSIM market as enterprises and individuals increasingly require seamless connectivity for remote work and digital collaboration. eSIM-enabled laptops allow users to switch networks without physical SIM replacements, making them particularly valuable for global professionals and multinational organizations. As hybrid work models gain traction, demand for eSIM integration in laptops is anticipated to expand steadily through 2035.
Machine to Machine (M2M)
Machine to Machine communication represents a fundamental growth engine for the eSIM market. With billions of IoT devices requiring secure and scalable connectivity, eSIM technology offers centralized management and streamlined deployment. M2M applications are gaining traction in smart metering, asset monitoring, predictive maintenance, and industrial automation. The segment is projected to record substantial growth during the forecast period as enterprises accelerate investments in smart infrastructure and connected ecosystems.
Smartphones
Smartphones remain the dominant application for eSIM adoption, accounting for the largest share of the global market. Leading device manufacturers have integrated eSIM functionality into flagship models, while telecom operators across regions are expanding eSIM support. Benefits such as instant carrier activation, dual SIM flexibility, and enhanced security continue to drive adoption. With increasing consumer awareness and operator readiness, the smartphone segment will sustain its leadership position throughout the forecast horizon.
Tablets
Tablets with eSIM capability are gaining adoption among business professionals, educational institutions, and field service teams. The ability to switch carriers on demand enhances mobility and productivity. As enterprises adopt tablets for workforce management, customer engagement, and data collection, the demand for eSIM-enabled models is expected to strengthen. This segment will continue to grow in tandem with digital learning and enterprise digitization trends.
Wearables
Wearable devices such as smartwatches, fitness trackers, and healthcare monitoring systems represent a high-growth application segment for eSIM technology. Miniaturized eSIMs enable independent cellular connectivity, supporting real-time health monitoring, emergency communication, and location services. The growing consumer preference for connected wearables, along with rising healthcare applications, is expected to drive sustained market expansion in this segment.
Market by Vertical
Automotive
The automotive vertical will continue to be a strong driver of eSIM adoption due to the increasing need for connected vehicle technologies. eSIM integration supports enhanced safety features, telematics, fleet management, and vehicle diagnostics. Automakers are leveraging eSIM to provide seamless global roaming and advanced infotainment services. The automotive industry’s shift toward electrification and autonomous vehicles will further accelerate eSIM deployment.
Consumer Electronics
Consumer electronics is the largest vertical in terms of eSIM deployment. Smartphones, tablets, laptops, and wearables account for the majority of shipments, reflecting strong consumer demand for flexible and seamless connectivity. The increasing prevalence of multi-device ecosystems and 5G-enabled devices is expected to reinforce the dominance of this vertical during the forecast period.
Energy and Utilities
In the energy and utilities sector, eSIM-enabled IoT devices are supporting smart metering, distributed asset management, and predictive maintenance. Utilities benefit from secure connectivity and simplified large-scale deployments across geographically dispersed networks. Growing investment in smart grids and renewable energy infrastructure will further stimulate eSIM adoption in this vertical.
Manufacturing
Manufacturing is adopting eSIM technology to support Industry 4.0 initiatives and connected industrial systems. Applications include predictive maintenance, real-time monitoring, robotics, and automated production lines. By enabling scalable and secure connectivity, eSIM enhances operational efficiency and reduces downtime in modern manufacturing environments. The sector is expected to record consistent growth as digital transformation accelerates.
Retail
Retailers are leveraging eSIM-enabled devices to enhance operational efficiency and customer engagement. Use cases include inventory tracking, connected point-of-sale systems, and wearable devices for sales staff. With the rise of omnichannel strategies and smart retailing solutions, eSIM deployment in this vertical is forecast to expand steadily through 2035.
Transportation and Logistics
The transportation and logistics vertical is rapidly adopting eSIM to support connected fleets, cargo tracking, and supply chain visibility. eSIM simplifies cross-border operations by enabling seamless carrier switching and reducing connectivity costs. The continued growth of global trade and e-commerce will significantly contribute to the adoption of eSIM solutions in this sector.
Market by Geography
Geographically, the eSIM market is witnessing strong adoption across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America leads the market, supported by early 5G deployment, advanced IoT ecosystems, and strong presence of technology providers. Europe follows closely, with regulatory support for eSIM standardization and widespread adoption in automotive and consumer electronics. Asia Pacific is anticipated to record the highest growth rate, driven by a large consumer base, rapid urbanization, and increasing investment in connected devices. Latin America and the Middle East and Africa are also showing significant potential as telecom operators expand eSIM offerings and IoT adoption gains momentum.
Market Dynamics
Restraint: Intensifying security threats
Opportunity: Growing demand for smart solutions
Challenge: Lack of standardization
Future Outlook
Between 2025 and 2035, the eSIM market is expected to evolve into a mainstream connectivity solution across industries. Rising adoption of 5G, growth of IoT-enabled applications, and enterprise demand for scalable solutions will drive market expansion. Strategic collaborations between telecom operators, device manufacturers, and solution providers will shape the competitive landscape. As the market matures, eSIM technology will play a pivotal role in enabling global digital transformation and delivering secure, flexible, and intelligent connectivity.
Key Market Players:
Tope esim companies Deutsche Telekom AG (Germany), Gemalto NV (Netherlands), Giesecke & Devrient GmbH (Germany), Infineon Technologies AG (Germany), NTT DOCOMO, INC (Japan),
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1 . eSIM Companies - SATEL OY (Finland) and Schneider Electric (France) are the Key Players
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2. eSIM Market Insight by Region: North America
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3. eSIM Market Insight by Region Asia Pacific
Key questions addressed in this report:
- What are the global trends in demand for the market?
- What are the upcoming technologies/product areas that will have a significant impact on the market in the future?
- What will be the revenue pockets for the market players in the next 6 years?
- What are the prime strategies followed by key players in the market?
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Table of Contents
1 Introduction (Page No. - 11)
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 15)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews With Experts
2.1.2.2 Breakdown of Primary Interviews
2.1.2.3 Primary Sources
2.1.2.4 Key Industry Insights
2.1.3 Secondary and Primary Research
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing Market Size By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Size By Top-Down Analysis (Supply Side)
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 24)
4 Premium Insights (Page No. - 28)
4.1 Attractive Opportunities in eSIM Market
4.2 eSIM Market, By Application
4.3 Market, By Vertical
4.4 Market in Asia Pacific, By Application and Country
4.5 eSIM Market Share, By Country
5 Market Overview (Page No. - 31)
5.1 Introduction
5.2 Evolution of Sim Cards
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Emphasis on Remote Sim Provisioning for M2M
5.3.1.2 Favorable Government Regulations Boosting M2M Communication
5.3.1.3 High Adoption of IoT Technology
5.3.2 Restraints
5.3.2.1 Intensifying Security Threats
5.3.3 Opportunities
5.3.3.1 Growing Demand for Smart Solutions
5.3.3.2 Rising Adoption of Wearable Electronics
5.3.4 Challenges
5.3.4.1 Lack of Standardization
5.3.4.2 Highly Complex Ecosystem
5.4 Value Chain Analysis
6 eSIM Market, By Application (Page No. - 37)
6.1 Introduction
6.2 Connected Cars
6.3 Laptops
6.4 M2M
6.5 Smartphones
6.6 Tablets
6.7 Wearables
6.8 Others
7 eSIM Market, By Vertical (Page No. - 46)
7.1 Introduction
7.2 Automotive
7.3 Energy & Utilities
7.4 Manufacturing
7.5 Retail
7.6 Consumer Electronics
7.7 Transportation & Logistics
8 Geographic Analysis (Page No. - 54)
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 France
8.3.4 Rest of Europe
8.4 APAC
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of APAC
8.5 RoW
8.5.1 Middle East
8.5.2 South America
8.5.3 Africa
9 Competitive Landscape (Page No. - 70)
9.1 Overview
9.2 Ranking Analysis of Players, 2016
9.3 Competitive Scenario
9.3.1 Product Launches/Developments
9.3.2 Partnerships/ Agreements/ Strategic Alliances/ Collaborations
9.3.3 Expansions
10 Company Profiles (Page No. - 78)
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
10.1 Key Players
10.1.1 Gemalto
10.1.2 Stmicroelectronics
10.1.3 Infineon Technologies
10.1.4 NXP Semiconductors
10.1.5 Giesecke & Devrient
10.1.6 Deutsche Telekom
10.1.7 Telefónica
10.1.8 NTT Docomo
10.1.9 Singtel
10.1.10 Sierra Wireless
*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
10.2 Other Key Players
10.2.1 Apple
10.2.2 AT&T
10.2.3 CLX Communications
10.2.4 Etisalat
10.2.5 Idemia
10.2.6 Jasper
10.2.7 Orange
10.2.8 Samsung Electronics
10.2.9 Telenor Connexion
10.2.10 Telit
10.2.11 Vodafone
11 Appendix (Page No. - 108)
11.1 Insights of Industry Experts
11.2 Discussion Guide
11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
11.4 Introducing RT: Real-Time Market Intelligence
11.5 Available Customizations
11.6 Related Reports
11.7 Author Details
List of Tables (31 Tables)
Table 1 eSIM Market in Terms of Value and Volume, 2015–2023
Table 2 eSIM Market, By Application, 2015–2023 (USD Million)
Table 3 eSIM Market, By Application, 2015–2023 (Million Units)
Table 4 e-SIM Market for Connected Cars, By Region, 2015–2023 (USD Million)
Table 5 e-SIM Market for Laptops, By Region, 2015–2023 (USD Thousand)
Table 6 e-SIM Market for M2M, By Region, 2015–2023 (USD Million)
Table 7 e-SIM Market for Smartphones, By Region, 2015–2023 (USD Million)
Table 8 e-SIM Market for Tablets, By Region, 2015–2023 (USD Million)
Table 9 e-SIM Market for Wearables, By Region, 2015–2023 (USD Million)
Table 10 e-SIM Market for Others, By Region, 2015–2023 (USD Million)
Table 11 e-SIM Market, By Vertical, 2015–2023 (USD Million)
Table 12 e-SIM Market for Automotive, By Region, 2015–2023 (USD Million)
Table 13 e-SIM Market for Energy & Utilities, By Region, 2015–2023 (USD Million)
Table 14 e-SIM Market for Manufacturing, By Region, 2015–2023 (USD Million)
Table 15 e-SIM Market for Retail, By Region, 2015–2023 (USD Million)
Table 16 e-SIM Market for Consumer Electronics, By Region, 2015–2023 (USD Million)
Table 17 e-SIM Market for Transportation & Logistics, By Region, 2015–2023 (USD Million)
Table 18 eSIM Market, By Region, 2015–2023 (USD Million)
Table 19 e-SIM Market in North America, By Application, 2015–2023 (USD Million)
Table 20 e-SIM Market in North America, By Vertical, 2015–2023 (USD Million)
Table 21 e-SIM Market in North America, By Country, 2015–2023 (USD Million)
Table 22 e-SIM Market in Europe, By Application, 2015–2023 (USD Million)
Table 23 e-SIM Market in Europe, By Vertical, 2015–2023 (USD Million)
Table 24 e-SIM Market in Europe, By Country, 2015–2023 (USD Million)
Table 25 e-SIM Market in APAC, By Application, 2015–2023 (USD Million)
Table 26 e-SIM Market in APAC, By Vertical, 2015–2023 (USD Million)
Table 27 e-SIM Market in APAC, By Country, 2015–2023 (USD Million)
Table 28 e-SIM Market in RoW, By Application, 2015–2023 (USD Million)
Table 29 e-SIM Market in RoW, By Vertical, 2015–2023 (USD Million)
Table 30 e-SIM Market in RoW, By Region, 2015–2023 (USD Million)
Table 31 Ranking Analysis of Key Players in eSIM Market, 2016
List of Figures (36 Figures)
Figure 1 eSIM Market Segmentation
Figure 2 Research Design
Figure 3 Bottom-Up Approach to Arrive at Market Size
Figure 4 Top-Down Approach to Arrive at Market Size
Figure 5 Data Triangulation Methodology
Figure 6 Market in Terms of Value and Volume, 2018 vs 2023
Figure 7 Smartphones to Exhibit Highest CAGR in Market During 2018–2023
Figure 8 eSIM Market, By Vertical, 2018 vs 2023 (USD Million)
Figure 9 eSIM Market, By Region
Figure 10 Emphasis on Remote Sim Provisioning for M2M Drives Market Growth
Figure 11 Market for Smartphone Application to Grow at Highest CAGR During Forecast Period
Figure 12 Consumer Electronics Vertical to Dominate Market During 2018–2023
Figure 13 China to Hold Largest Share of Market in Asia Pacific in 2018
Figure 14 US to Hold Largest Share of Market in 2018
Figure 15 Evolution of eSIM
Figure 16 Value Chain Analysis of Ecosystem of Embedded Sim Cards
Figure 17 eSIM Market, By Application
Figure 18 Market for Smartphones to Grow at Highest CAGR Between 2018 and 2023
Figure 19 eSIM Market, By Vertical
Figure 20 Market for Consumer Electronics to Grow at Highest CAGR Between 2018 and 2023
Figure 21 Geographic Snapshot: eSIM Market (2018–2023)
Figure 22 Market in APAC to Grow at Highest CAGR Between 2018 and 2023
Figure 23 North America: eSIM Market Snapshot
Figure 24 Europe: eSIM Market Snapshot
Figure 25 APAC: eSIM Market Snapshot
Figure 26 Companies Adopted Agreements/Collaborations/Partnerships/ Strategic Alliances as Key Growth Strategy Between 2016 and 2018
Figure 27 Gemalto: Company Snapshot
Figure 28 Stmicroelectronics: Company Snapshot
Figure 29 Infineon Technologies: Company Snapshot
Figure 30 NXP Semiconductors: Company Snapshot
Figure 31 Giesecke & Devrient: Company Snapshot
Figure 32 Deutsche Telekom: Company Snapshot
Figure 33 Telefónica: Company Snapshot
Figure 34 NTT Docomo: Company Snapshot
Figure 35 Singtel: Company Snapshot
Figure 36 Sierra Wireless: Company Snapshot
Growth opportunities and latent adjacency in eSIM Market