(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Sep 24, 2021, 08:49 /Comserve / -- Embedded SIM (eSIM) Market With Top Countries Data, Industry Analysis , Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast
The Embedded SIM (eSIM) Market is expected to register a CAGR of 15.47% over the forecast period from 2020 to 2025. It's been estimated that the Internet of Things (IoT) devices will become the largest connect category within the next few years, overtaking mobile phones. The eSIM helps these connected devices work and enables new types of devices with less compromise. Wearables are one category that significantly benefits from an eSIM because of the accommodation of a more significant physical sim in the device will result in the usage of extra space and to compensate that the batter size of the wearable can be compromised. Automotive makers, with the usage of an eSIM, allow the user to connect the cars to cellular quickly. Laptops will benefit from the addition of the eSIM while providing brands and re-sellers with the opportunity to up-sell/cross-sell through flexible data bundles.
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- In November 2019, 1oT, the virtual connectivity provider for global IoT device makers and Valid, an eSIM solution provider, announced a collaboration introducing a full end-to-end eSIM solution for the IoT space. Valid's subscription management services and eSIM technology coupled with 1oT's scope and several pre-negotiated mobile carrier deals produce a cost-effective and reliable connectivity solution. 1oT's eSIM offering provides a single point of contact for IoT connectivity by acting as an aggregator of various carrier services. IoT service providers can now use one robust system that gathers different carrier deals and eSIM management under one roof instead of handling multiple carrier deals and SIM cards for use in different countries or regions.
Key Market Trends
Smartphone is Expected to Witness Significant Growth
- As smartphone manufacturers continuously strive to make smaller, slimmer, and lighter devices with more features, space is at an absolute premium. The size of the Nano SIM card is about 12.30 mm in length and 8.80 mm wide. It also takes additional space associated with internal hardware and circuitry that needs to be accommodated. For many years, manufactures have had to design and adjust the physical SIM card via SIM card trays or other internal slots. The need for more durable and waterproof phones is expected to drive the removal of the physical SIM tray will drive the adoption of eSIM on smartphones. Remote Provisioning capabilities within the eSIM standard is expected to provide users with enhanced customer experience for activating and managing the phones.
- Samsung's inclusion of eSIM technology in its S20 range of devices is expected to positively impact the adoption of eSIM in smartphones, which was previously confined to limited brands such as Apple and Google. In August 2020, NXP Semiconductors N.V. announced that NXP's embedded SIM (eSIM), Secure Ultra-Wideband (UWB) fine-ranging solution, as well as Secure Element (S.E.) and Near Field Communication (NFC) unit, are deployed in Samsung's new Galaxy Note20 Ultra. Unlike the physical SIM cards that must be removed and replaced in new devices, NXP's GSMA-compliant eSIM solution is integrated into a device, making remote SIM provisioning significantly easier and providing over-the-air SIM updates. The eSIM functionality comes with all Samsung Galaxy Note20 Ultra devices, excluding Japan, China, and Korea.
North America is Expected to Hold Significant Share
- North American region is expected to hold significant share as it is the first region that rolled out the support for eSIM, and major carriers in the region provide the eSIM service. In the United States, AT & T, T-Mobile, Truphone, Ubigi, and Verizon Wireless offers the support of eSIM functionality, whereas, in Canada, Bell, Freedom, Fido, Koodo, Lucky Mobile, Rogers, Telus, and Virgin provide the support. In January 2020, Telus and its sub-brand Koodo announced the support eSIM in Canada.
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The supported list of phones includes the iPhone 11 series and XS series, Google Pixel 3a and 4 series, Motorola Razr and Samsung Galaxy Fold. Among other devices such as smartwatches, laptops, and tables, the Samsung Galaxy Watch Series, Apple iPad Pro 11-inch, Surface Pro X supports the eSIM functionality offered by Telus and Koodo.
- The plans related to eSIM becoming significantly cheap in the region and a secure international roaming solution considerably drive the adoption of eSIM in the region. On phones with eSIM support, the user can select from a bunch of individual countries or roaming plans, where the multi-country operators tend to be significantly more expensive than US Mobile's solution. If the user is traveling abroad, he can select the carrier's roaming plan. On AT & T and Verizon, that's generally USD 10 per day for high-speed data. Otherwise, the user can still buy a local SIM card or use a multi-country travel SIM card like KnowRoaming, which tends to be the most expensive. eSIM lets the user scan a QR code or pick a new carrier from an on-device menu, making it much easier to switch carriers or roaming.
Competitive Landscape
The Embedded SIM (eSIM) market primarily comprises multiple domestic and international players in quite a fragmented and highly competitive environment. Major players in the market include Gemalto N.V. (Thales Group), STMicroelectronics N.V., Infineon Technologies AG, etc. Technological advancements in the market are also bringing considerable competitive advantage to the companies, and the market is also witnessing multiple partnerships.
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Advancements in the field of connected & M2M ecosystem
4.2.2 Growing demand for Smart devices
4.2.3 Ease of use and access provided by eSIM over traditional substitutes
4.3 Market Challenges
4.3.1 Security, Interoperability – Standardization issues
4.4 Market Opportunities
4.4.1 Highly positive forecasts for M2M adoption
4.5 Industry Stakeholder Analysis – Operator, OEM & System Integrators
4.6 Industry Attractiveness – Porter's Five Forces Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Consumers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Impact of COVID-19 on the Connectivity Landscape
4.8 Coverage on e-SIM enabled device shipments globally (2018-2022)
5 GLOBAL SIM CARD LANDSCAPE ANALYSIS (SHIPMENTS & REGIONAL BREAKDOWN)
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