The latest market intelligence report, titled ‘Global Embedded Sim market drivers and restraints Market’, is intended to provide the target audience with the necessary information about the global Embedded Sim market drivers and restraints industry. The report comprises a detailed analysis of the vital elements of the Embedded Sim market drivers and restraints market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors.
The embedded sim (eSIM) market is forecasted to grow exponentially over the forecast timeframe owing to the growing adoption of IoT connected devices in manufacturing. The rising implementation of smart solutions across the globe is expected to further propel the market growth. Furthermore, the growing government initiatives to implement electric vehicle is expected to augment the market growth as eSIM has several advanced functionalities in electric vehicles.
However, the factor that is expected to restrain the market growth over the forecast period is the higher cost than conventional SIM.
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Some Key Highlights from the Report
- In February 2018, NXP Semiconductors N.V. launched an innovative eSIM solution, SN100U. The most advanced “all-in-one” chipset in the world, incorporating NFC, Secure Element, and eSIM, and the 40 nm Secure element of SU070, provides digital wallet protection and eSIM solutions. With the introduction of this solution, NXP will strengthen its position globally.
- Over the forecast timeframe, the connectivity service segment is anticipated to dominate the market with a CAGR of 30.2%, as connectivity services include services to mobile network operators to ensure stable and efficient end-user network connection.
- Due to the various advantages of eSIM for Machine to Machine communication, the Machine to Machine segment is expected to hold the largest market in the forecast period.
- The consumer electronics segment is anticipated to hold the largest market owing to the wide use of eSIM due to its enhanced protection and connectivity, and greater reliability.
- Due to the rapid implementation of smart grids and other advanced technologies, North America is anticipated to hold the largest market over the forecast period. Due to the presence of a major market player in Europe is projected to experience substantial growth over the forecast period.
- Key participants include KORE Wireless Group Inc., Giesecke+Devrient Mobile Security GmbH, Arm Limited, Gemalto NV, STMicroelectronics, Infineon Technologies AG, NXP Semiconductors N.V., Deutsche Telekom AG, Sierra Wireless Inc., and Vodafone Group Plc among others.
Emergen Research has segmented the global Embedded SIM (eSIM) Market on the basis of solution, application, end-use, and region:
Solution Outlook (Revenue, USD Million; 2017-2027)
- Hardware
- Connectivity Services
Application Outlook (Revenue, USD Million; 2017-2027)
Smartphones
Laptops
Wearables
Connected Cars
Machine to Machine
Others
End-Use Outlook (Revenue, USD Million; 2017-2027)
Energy & Utilities
Automotive
Retail
Manufacturing
Transportation & Logistics
Consumer Electronics
Regional Outlook (Revenue, USD Million; 2017-2027)
North America
- S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- BENELUX
- Rest of Europe
Asia Pacific
- China
- Japan
- South Korea
- India
- Rest of APAC
Latin America
- Brazil
- Rest of LATAM
MEA
- Saudi Arabia
- UAE
- Rest of MEA
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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
