Global eSIM Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2025-2034)

Global eSIM Market Growth

During January-July 2024, around 790 million people travelled internationally, which was a year-on-year growth of 11%. This was attributed to the strong traffic recovery towards Asian destinations, fuelled by better visa facilitation services and air connectivity. As per the market analysis, the Middle East and Africa emerged as the fastest-growing regions, where international travel surged by around 26% and 7% (respectively) from 2019 levels. This is expected to facilitate the eSIM market expansion, as international tourists deeply rely on local network careers to prevent the deduction of roaming charges.

In 2023, the number of internet users owning smartwatches recorded a year-on-year growth of 9%, reaching 1.2 billion people. The UAE and the Czech Republic (3.1 million people each) have the highest number of smartwatch owners, which amounts to 33.4% and 31.6% of overall internet users respectively. Hong Kong (2.1 million) and India (201.4 million) rank at the third and fourth position globally, in terms of smartwatch adoption. This is expected to facilitate the eSIM market development, as consumers prefer the freedom to choose the best-suited internet service provider for themselves.

Key Trends and Developments

Global eSIM Market Trends

As per the State of Mobile Internet Connectivity Report published by GSMA in 2023, nearly 4 billion people use mobile internet on smartphones, which represents around 49% of the world population. The global expansion of 4G has enabled around 69% of all smartphone owners worldwide to access mobile broadband on a 4G-enabled device. The switch towards eSIMs is expected to provide enhanced flexibility to companies to switch between different providers seamlessly, thereby fuelling the eSIM market value. Moreover, eSIMs enhance the ease of integrating new components into smartphones for mobile companies, since they free up excess space occupied by traditional SIM cards, further driving the market expansion.

Global eSIM Industry Segmentation

Global eSIM Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2024-32, Europe is estimated to grow at a CAGR of 19.8% as the travel and tourism industry expands. As per the eSIM market analysis, the growing adoption of smart devices and the switch towards home automation systems is also expected to play a key role in driving the market expansion in upcoming years.

Leading Companies in the Global eSIM Market

Major players are launching digital portals to enable international tourists to obtain eSIMs digitally. This is expected to increase the eSIM market revenue in upcoming years.

Deutsche Telekom AG

Deutsche Telekom AG was founded in January 1995 and is headquartered in Bonn, Germany. It is a telecommunications company which specialises in providing 5G services and IT security solutions.

KORE Wireless Group, Inc.

KORE Wireless Group, Inc. was founded in 2002 and is headquartered in Georgia, United States. It spe...

STMicroelectronics

STMicroelectronics was founded in 1987 and is headquartered in Geneva, Switzerland. It is a semicond...

NXP Semiconductors N.V.

NXP Semiconductors N.V. was founded in 2006 and is headquartered in the Netherlands. It is a semicon...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other players included in the eSIM market report are Sierra Wireless Inc., Giesecke+Devrient GmbH, Thales S.A., Infineon Technologies AG, Trasna Solutions Technologies Limited, and Samsung Electronics Co., Ltd., among others.