PUBLISHER: Acute Market Reports | PRODUCT CODE: 1134888
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1134888
Increasing Use of Smartphones to Boost the E-SIM Devices Market
The e-SIM devices market worldwide is expected to grow with a CAGR of 32% during the forecast period from 2022 to 2030. E-SIM devices market worldwide is witnessing rapid growth since the past few years with growth in smartphones market. E-SIM also known as Embedded SIM can be remotely manage multiple mobile network operator subscriptions by complying with GSMA specifications. Remote provision, M2M connections provide seamless and easy mobile connectivity in smartphones. Improved security and convenience offered by these digital technologies over traditional cards has attracted the consumers. Due to all these factors, e-SIM devices market shall witness growth during the forecast period.
Consumer Electronics to Continue Dominating the Market
Consumer electronics segment shall dominate the e-SIM devices market. E-SIM are electronic chips that allow users to send and receive text messages, calls, consulting fitness data, read emails, receive notifications, navigate, and browse social networks. These features shall promote the adoption of e-SIMs, thereby driving the e-SIM devices market growth. Growing social-media activities across the world along with adoption of high-speed data transfer technologies such as 4G and 5G, and developmental technological advancements are the major factors contributing to the growth of this market in this segment. As a result of all these factors, consumer electronics will continue dominating the e-SIM devices market throughout the forecast period.
Asia Pacific to Register the Fastest Growth
E-SIM devices market is led by Europe. Europe contributed over 40% to the total revenue of e-SIM devices market. The highest growing region during the forecast period is Asia-Pacific. Rapid growth in disposable income, adoption of latest technology and increasing demand for smartphones and smart devices in the region have majorly supported the growth of the market. China, Japan and South Korea shall support the strong growth the Asia-Pacific region. Further, increasing availability of manufacturers in the region shall significantly contribute to the growth of the region. On account of these factors, Asia Pacific will grow with the highest CAGR throughout the forecast period.
Some of the prominent players operating in the e-SIM devices market include Deutsche Telekom AG, Gemalto NV, Giesecke & Devrient GmbH, Infineon Technologies AG, NTT DOCOMO, INC., NXP Semiconductors N.V., Sierra Wireless, Inc., Singapore Telecommunications Limited, STMicroelectronics, Telefonica, S.A., Samsung Electronics, Singtel, Apple, Inc. and AT&T among others.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of E-SIM Devices market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report
Micro and macro environment factors that are currently influencing the E-SIM Devices market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Vertical
Automotive
Consumer Electronics
Energy & Utilities
Manufacturing
Retail
Transportation & Logistics
Application
Connected Cars
Laptops
M2M
Smartphones
Tablets
Wearables
Region Segment (2020-2030; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of COVID-19 Segment (2020-2021; US$ Million )
Pre COVID-19 situation
Post COVID-19 situation
Key questions answered in this report:
What are the key micro and macro environmental factors that are impacting the growth of E-SIM Devices market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2030.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the E-SIM Devices market?
Which is the largest regional market for E-SIM Devices market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving E-SIM Devices market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the E-SIM Devices market worldwide?