Embedded SIM Market

Embedded SIM, also known as an embedded universal integrated circuit card, is the latest secure element that is designed to manage various network operator subscriptions remotely and is mainly in two forms, including soldered or plugged-in. Using the embedded SIM, the chips are developed to permit the information from getting switched, thereby eliminating the need to remove the chip from the device. The embedded SIM is supported by the network or carrier and is enabled by them. The information present on the eSIM is rewritable and backed by the GSMA.

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The key factors that are fuelling the growth of the global embedded SIM market include the accelerating adoption of the embedded SIM among several businesses which uses IoT systems and comprises of machine-to-machine deployments such as manufacturing and power plants. In parallel, the increasing adoption of wearable solutions, followed by the rising implementation of IoT technology in several areas and rising adoption of connected devices, will further energizer the market growth in the coming years. The introduction of 5G has enabled faster communication with reduced latency, which is creating innumerable growth opportunities for the embedded SIM in the market.

The embedded SIM offers an enhanced navigation and increased connectivity of devices in smart homes. The rising penetration of smartphones, the internet, supportive regulations by the government to increase M2M communication, and the continuous development of smart homes will attract many customers to the market between 2020-2027. The accelerated production of the connected car will surge the usage of embedded SIM as it helps to deliver a range of in-vehicle services such as real-time navigation, infotainment, reduces the manufacturing complexity, and helps in providing more agile and flexible solutions. The factors that are hampering the growth of the global embedded SIM market include the increasing threats of security and the presence of a highly complex system. The COVID-19 crisis in 2020 will have an adverse impact on the global embedded SIM market as the retail stores of telecommunication companies being shut due to the strict lockdown. With this lockdown, it has become impossible to submit the physical documents for completion of mandatory verification process for issuing new mobile SIM and eSIMs.

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Based on the application, the M2M segment is expected to grow at a higher CAGR over the forecast period owing to the rising adoption of embedded SIM in M2M applications as it helps to improve the security and durability. The increasing technological advancements in embedded SIM and features of such SIM to permit seamless connectivity among the M2M devices and effective management are other factors driving this segment’s growth.

Based on the vertical, the Consumer Electronics segment is anticipated to increase at higher compound annual growth rate during the forecast period due to the accelerated adoption of consumer electronic devices which is leading to an increase in the implementation of embedded SIM in consumer electronics as it helps in enhancing the flexibility, in-car experience, and security of the connected devices.

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Based on the region, the Asia-Pacific region is expected to dominate the market during the forecast period owing to the increasing penetration of smartphones across several countries like Singapore, Australia, and others. In addition to this, expansion in the IoT sector, growth in the connected devices, and rising penetration of the internet are other factors propelling the growth of the embedded SIM market in this region.

Various notable players operating in the market include STMicroelectronics, Gemalto NV, NXP Semiconductors, Infineon Technologies AG, Deutsche Telekom AG, Giesecke & Devrient GmbH, Telefónica S.A, Singtel, NTT Docomo, Inc., and Sierra Wireless among others.

Key Developments: 

• • In 2020, STMicroelectronics entered into a collaboration with Truphone for launching a full-stack embedded SIM infrastructure solution. This solution is compliant with GSMA Machine-to-Machine standards and can be used by automotive and industrial IoT customers.
  • In 2020, Infineon Technologies AG launched an eSIM solution OPTIGA Connect for mobile consumer devices. This eSIM solution support GSMA standards from 3G to 5G securely verifies the device to the subscribed carrier network of choice.

The global embedded SIM market has been segmented on the basis of application, vertical, and region. Based on the application, the market is segmented into laptops, connected cars, smartphones, M2M, wearables, tablets, and others. Based on the vertical, the market is segmented into energy & utilities, automotive, retail, manufacturing, transportation & logistics, consumer electronics, and others.

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Key questions answered in this research report:

• • At what pace is the global embedded SIM market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global embedded SIM market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global embedded SIM market?
  • Which vertical generated maximum revenues in 2019 and identify the most promising vertical during the forecast period?
  • What are the various application areas of the embedded SIM market, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Application, By Vertical, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	STMicroelectronics, Gemalto NV, NXP Semiconductors, Infineon Technologies AG, Deutsche Telekom AG, Giesecke & Devrient GmbH, Telefónica S.A, Singtel, NTT Docomo, Inc., and Sierra Wireless among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Embedded SIM Market by Application

• • Laptops
  • Connected Cars
  • Smartphones
  • M2M
  • Wearables
  • Tablets
  • Others

Global Embedded SIM Market by Vertical

• • Energy & Utilities
  • Automotive
  • Retail
  • Manufacturing
  • Transportation & Logistics
  • Consumer Electronics
  • Others

Global Embedded SIM Market by Region

• • North America Embedded SIM Market (Option 1: As a part of the free 25% customization)

• • • North America Embedded SIM Market by Application
    • North America Embedded SIM Market by Vertical
    • US Embedded SIM Market All-Up
    • Canada Embedded SIM Market All-Up

• • Europe Embedded SIM Market (Option 2: As a part of the free 25% Customization)

• • • Europe Embedded SIM Market by Application
    • Europe Embedded SIM Market by Vertical
    • UK Embedded SIM Market All-Up
    • Germany Embedded SIM Market All-Up
    • France Embedded SIM Market All-Up
    • Spain Embedded SIM Market All-Up
    • Rest of Europe Embedded SIM Market All-Up

• • Asia-Pacific Embedded SIM Market (Option 3: As a part of the free 25% Customization)

• • • Asia-Pacific Embedded SIM Market by Application
    • Asia-Pacific Embedded SIM Market by Vertical
    • China Embedded SIM Market All-Up
    • India Embedded SIM Market All-Up
    • Japan Embedded SIM Market All-Up
    • Rest of APAC Embedded SIM Market All-Up

• • RoW Embedded SIM Market (Option 4: As a part of the free 25% Customization)

• • • RoW Embedded SIM Market by Application
    • RoW Embedded SIM Market by Vertical
    • Brazil Embedded SIM Market All-Up
    • South Africa Embedded SIM Market All-Up
    • Saudi Arabia Embedded SIM Market All-Up
    • UAE Embedded SIM Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Embedded SIM Market All-Up

Global Embedded SIM Leading Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • STMicroelectronics
  • Gemalto NV
  • NXP Semiconductors
  • Infineon Technologies AG
  • Deutsche Telekom AG
  • Giesecke & Devrient GmbH
  • Telefónica S.A
  • Singtel
  • NTT Docomo, Inc.
  • Sierra Wireless