Latest News- Subscriber Identification Module (SIM) Card Market: Hybrid SIM is expected to lead the Type segment during 2025-2029

The Subscriber Identification Module (SIM) Card Market is being driven by Growing migration to 5G network

The Subscriber Identification Module (SIM) Card Market is expected to grow at a CAGR of 9.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2654.1 million. The e-SIM card market is poised for growth as smartphone manufacturers introduce devices with e-SIMs, which are embedded and non-removable. This trend is driven by the increasing popularity of dual SIM phones, featuring one traditional, removable SIM card and one e-SIM. The rapid replacement cycle of smartphones, averaging less than two years in developed markets and two to three years in emerging markets, further fuels demand for e-SIM technology. As consumers upgrade their devices, the integrated e-SIM cards become a necessary component, increasing both supply and demand for this technology in the handset industry. 

Get more information on Subscriber Identification Module (SIM) Card Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Hybrid SIM
  • Micro SIM (3FF)
  • Mini SIM (2FF)
  • Nano SIM (4FF)
• Capacity
  • 128KB
  • 64KB
  • 32KB
  • 256KB
  • 512KB
• Application
  • Smartphones
  • Tablets and laptops
  • Wearables
  • M2M communication
  • IoT devices
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing migration to 5G network
• Development of hybrid SIM type
• Enhanced quality of service by companies

However, the market also witnesses some limitations, which are as follows:

• Need for registration of SIM cards
• Increase in old inventories leading to reduced production
• Increased demand for remote provisioning reprogrammable SIM

Benefits of Buying Global Subscriber Identification Module (SIM) Card Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Subscriber Identification Module (SIM) Card Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Subscriber Identification Module (SIM) card market is witnessing significant growth due to the increasing adoption of M2M communication and IoT connectivity. Remote SIM provisioning, multi-factor authentication, network slicing, and 5G network deployment are key trends driving market expansion. eSIM adoption and SIM card customization are also gaining popularity, offering flexibility and convenience to users.

Market Research Overview

The global electronic equipment and instruments market encompasses manufacturers of communication equipment, technology hardware, storage and peripherals, electronic components, consumer electronics, and industrial electronics. According to Technavio, the market size is determined by the revenue generated from the sales of associated ICT and electronics products, equipment, and components. Factors driving the growth of this market include the escalating demand for sophisticated test and measurement devices. This demand is fueled by technological innovations and digital transformation in various industries such as semiconductors, automotive, IT, consumer electronics, industrial, energy, and medical devices. Specifically, within the communications sector, the increasing preference for advanced SIM cards like Nano SIM and Micro SIM, driven by mobile network and cellular network advancements, will contribute to market expansion. Mobile operators continue to expand their network coverage, further boosting the demand for these advanced SIM cards.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/