ESIM Market to Reach US$ 17.98 Billion by 2031, Growing at 18.7% CAGR

Posted 2025-10-01 07:52:54

United States of America – [01-10-2025] – The Insight Partners is proud to announce its newest market report, “ESIM Market: An In-depth Analysis of the ESIM Market”. The report provides a holistic view of the ESIM Market and describes the current scenario as well as growth estimates of the market during the forecast period.

Overview of ESIM Market

The ESIM (Embedded Subscriber Identity Module) Market is experiencing rapid growth as digital connectivity, IoT applications, and the global demand for flexible mobile communication solutions continue to expand. Unlike traditional SIM cards, eSIMs are integrated directly into devices, enabling users to switch carriers and manage subscriptions digitally without physically replacing cards. This technological advancement is reshaping telecommunications, consumer electronics, and industrial IoT landscapes. Rising adoption of 5G, increasing penetration of smart devices, and strong demand for travel eSIMs are fueling the market’s momentum worldwide.

Key Findings and Insights

Market Size and Growth

Market Forecast: The ESIM Market size was valued at US$ 5.51 billion in 2024 and is expected to reach US$ 17.98 billion by 2031, registering a CAGR of 18.7% during 2025–2031.
Key Factors Influencing Growth:
- Rising demand for seamless connectivity across multiple devices.
- Expansion of 5G infrastructure and IoT adoption.
- Increasing consumer awareness of the flexibility and convenience of eSIMs.
- Government and industry support for digital transformation in telecom services.
- Growing use of travel eSIMs for global connectivity without roaming hassles.

Market Segmentation

The ESIM Market is segmented as follows:

By Component

Hardware – Embedded chips enabling connectivity across multiple devices.
Software – Subscription management platforms supporting network operator services.
Services – Provisioning, activation, and support services to ensure seamless adoption.

By Type

Consumer eSIMs – Widely used in smartphones, tablets, laptops, and wearables.
IoT eSIMs – Essential for connected devices such as smart meters, vehicles, and industrial applications.
Travel eSIMs – Increasingly popular for international travelers seeking affordable roaming alternatives.

Spotting Emerging Trends

Technological Advancements: Integration of eSIMs in next-generation smartphones, wearables, automotive telematics, and industrial IoT solutions is reshaping the digital landscape. eSIM adoption is also being fueled by 5G-enabled smart devices and advancements in remote SIM provisioning technology.
Changing Consumer Preferences: Consumers are rapidly shifting toward flexibility, seeking devices with embedded connectivity that eliminate the need for physical SIM swaps. The surge in wearable devices and international travel is amplifying this trend.
Regulatory Changes: Telecom regulators are supporting eSIM adoption through policies aimed at promoting interoperability and enhancing security standards. Such regulatory frameworks are paving the way for widespread adoption across consumer and enterprise markets.

Growth Opportunities

The ESIM Market presents significant opportunities for growth in the coming years:

IoT Expansion: Increasing IoT penetration across sectors such as automotive, healthcare, and logistics is expected to create a strong demand for IoT eSIMs.
5G Connectivity: The rapid rollout of 5G networks globally will accelerate eSIM-enabled device adoption.
Travel and Roaming Solutions: The rising popularity of travel eSIMs offers opportunities to telecom operators and service providers to expand their offerings.
Smart Devices Ecosystem: Growth in wearables, smart home devices, and connected cars will expand the consumer eSIM segment.
Partnerships and Collaborations: Telecom operators, device manufacturers, and semiconductor companies are forming alliances to capitalize on the growing eSIM demand.

Market Leaders and Key Company Profiles

The ESIM Market is highly competitive, with several global leaders driving innovation and market adoption. Key players include:

Giesecke Devrient GmbH
Telefonica SA
Deutsche Telekom AG
IDEMIA France SAS
Infineon Technologies AG
Vodafone Group Plc
NXP Semiconductors NV.
KORE Wireless
STMicroelectronics NV
Thales SA

These companies are investing in R&D, expanding partnerships, and focusing on global connectivity solutions to gain a competitive edge.

Conclusion

The ESIM Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023–2031 report provides critical insights for stakeholders looking to capitalize on this fast-growing sector. With rapid adoption in consumer devices, rising IoT demand, and increasing popularity of travel eSIMs, the market is set for robust growth. Companies that focus on scalability, global interoperability, and consumer-centric solutions will be best positioned to capture opportunities in the evolving digital connectivity landscape.

About Us:

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients get solutions to their research requirements through our syndicated and consulting research services. We specialize in semiconductor and electronics, aerospace and defense, automotive and transportation, biotechnology, healthcare IT, manufacturing and construction, medical devices, technology, media and telecommunications, and chemicals and materials.

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· If you have any queries about this report or if you would like further information, please get in touch with us:

· Contact Person: Ankit Mathur

· E-mail: ankit.mathur@theinsightpartners.com

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