How Big is the eSIM Market?
According to 6Wresearch internal database and industry insights, the
Global eSIM market was valued at USD 5.51 Billion in 2024 and is expected to reach USD 17.98 Billion by 2031, growing at a compound annual growth rate of 7.20%.
The rise in connected devices, remote provisioning capabilities, and demand for seamless mobile connectivity is driving market expansion.
 Growth Factors of the eSIM Market
- The increasing demand for embedded connectivity from IoT ecosystems
- Increasing adoption of smartphones with eSIM functionality
- Increase in the automotive telematics and fleet monitoring market adopting eSIMs
- Increasing flexibility for consumers to switch network providers digitally
- Increase in enterprise mobility management and remote connectivity tools
- Increase in wearables and consumer electronics adopting eSIM technology
eSIM Market Trends
Across all sectors, the eSIM market is experiencing strong demand for automotive, consumer electronics, industrial automation applications. Device manufacturers and mobile operators are now incorporating eSIM into their products to provide (contract-free) network services that they can operate remotely or configure with remote activation. Enterprises and consumers are now utilizing the support for multi-profile management and cross-device portability.Â
Emerging Developments in the eSIM Market
The eSIM market is developing with new chipset architectures and designs that support multiple carrier profiles, improved remote SIM provisioning standards, and an increase in the number of operators to partner with. The eSIM platforms that utilize GSMA-compliant specifications allow for cross-border connectivity. Vendors and operators are focused on enhanced encryption, seamless provisioning, and implementation of 5G connectivity support.Â
Leading companies in the eSIM Market
- STMicroelectronics
- Thales Group
- Giesecke+Devrient
- IDEMIA
- Infineon Technologies
- Kigen
How Big is the eSIM Market: FAQs
The eSIM market is projected to cross USD 17.98 billion by 2031, supported by rapid adoption across consumer and industrial sectors.
Sectors like automotive, telecommunications, logistics, and wearable electronics are increasingly deploying eSIM-based devices and systems.
Mobile operators are central to eSIM enablement through secure provisioning platforms, carrier APIs, and multi-network partnerships.
The market is rapidly aligning with 5G rollouts and IoT expansion by offering scalable, embedded solutions for uninterrupted connectivity.
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