Counterpoint’s latest “eSIM Device Market Outlook” report predicts that from 2024 to 2030, global shipments of xSIM-enabled devices will exceed 9 billion units, with a compound annual growth rate of 22%. This forecast includes all form factors such as hardware-based eSIM (eUICC), iSIM (iUICC), nuSIM, and soft SIM.
The launch of eSIM-only iPhone models in the US in 2022 marked a turning point, pushing the industry into a high-growth phase. More original equipment manufacturers (OEMs) are now releasing eSIM-supported devices, highlighting this trend.
Currently, smartphones lead in consumer eSIM adoption. However, other categories like connected cars, gateways, routers, and drones (where replacing physical SIM cards is difficult) will greatly benefit from eSIM or iSIM connectivity. In the long run, xSIM is expected to become the default form factor for these industries.
The increasing adoption of this technology by global mobile network operators (MNOs) supports this assumption. Over 400 MNOs worldwide now offer eSIM services, supporting an average of over 50 consumer devices.
The report predicts that by 2030, nearly 70% of all cellular device shipments will support eSIM/iSIM, driven mainly by smartphones and cellular IoT modules. By then, the installed base of xSIM-enabled consumer devices is expected to exceed 2.5 billion units. Devices with iSIM capabilities will see the fastest growth, with a compound annual growth rate of 160% from 2024 to 2030.
Notably, iSIM integrates the SIM card into the processor. Qualcomm has already launched the world’s first commercially deployable iSIM card in 2023, integrating it directly into the Snapdragon 8 Gen 2.
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It’s exciting to think that by 2030, 70% of cellular devices will be leveraging this technology, marking a significant shift towards a more integrated and efficient mobile ecosystem. Looking forward to how this will reshape the global telecommunications landscape!