The global eSIM market size is estimated to reach $17,67-billion by 2033, registering to grow at a CAGR of 5,1% from 2025 to 2033 according to a new report by Grand View Research.
Technological developments in consumer electronic devices such as smartphones, laptops, tablets and wearables fueling the eSIM market growth.
Furthermore, due to the small size of the chipset, eSIMs are likely to be widely used in smartphones. For example, in 2018, Apple released an iPhone featuring dual SIM capabilities, including a Nano-SIM and an eSIM. Furthermore, Apple has included eSIM in their tablet and watch series.
SIM cards with eSIMs are considerably smaller than those with physical SIMs. Chipsets are therefore smaller when integrated into devices. Device manufacturers benefit from eSIM technology since they can save space by eliminating the physical SIM card tray and SIM card slot. Thus, factors such as compact design specification and multiple carrier support of the eSIM are propelling the market growth.
The 5G technology is intended to deliver faster internet speeds and more network capacity. 5G is expected to provide download speeds of 1 gigabit per second while lowering latency to less than a millisecond.
This is expected to have a beneficial impact on the eSIM market, expanding its acceptance across a range of cellular-enabled devices. As a result, network service providers and OEMs are overhauling their infrastructure in order to efficiently manage the connectivity and speed provided by 5G.
eSIM technology, which can be easily integrated into smaller devices like fitness bands, wearables, and smartwatches, is the future of 5G.
eSIM market report highlights include:
- The connectivity services segment dominated the market in 2024 and accounted for the largest share of 87,5%.
- The M2M segment dominated the market in 2024. The increasing use of eSIM technology in the automobile industry for M2M communication propels the M2M segment.
- North America eSIM market dominated the global industry and accounted for a revenue share of 42,8% in 2024.