Electronic Universal Circuit Card (EUICC) Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Industry Vertical (Consumer, Electronics, Automotive, Energy & Utilities, Others), And By Geography - Forecasts From 2022 to 2027

The electronic universal circuit card (EUICC) market is projected to grow at a CAGR of 26.43%, from US$619.080 million in 2020 to US$3,196.667 million in 2027. An electronic Universal Circuit Card or EUICC is a software component of eSIM cards that allows the users to host multiple network connectivity profiles which can be provisioned over the air. The software component is the next evolution to the physical SIM cards and unlike the former, EUICC has the capacity to remotely provision the user’s profile without having the card physically replaced from the device. The growing technological innovations and Internet of Things applications have provided a wider scope to the electronic universal circuit card, as their usage in consumer electronics, automotive, utilities & energy among other applications and equipment demanding modern technological usage will also increase. Over the years smartphone consumption has shown a significant increase in major countries. For instance, according to China’s Ministry of Industry and Technology, in Q4 of 2021, China’s smartphone consumption increased by 1% in comparison to 2020 for the corresponding period. With such an increase in smartphone consumption, the demand for EUICC cards in smartphones has a wider scope

Based on industry vertical, the EUICC market is divided into consumer electronics, automotive, energy & utilities, and others. The consumer electronics segment of the EUICC market accounts for XX% of the market in 2020 and is expected to grow at a CAGR of XX% to reach a market share of XX% by 2027. The rapid penetration of consumer electronics products on a global scale is considered to be the key contributor to this growth. Further, key developments by various market players are expected to drive the growth of the market ahead. The consumer electronics sector has been witnessing robust growth across the world. For instance, the production of electronics in India is expected to increase rapidly, due to government initiatives like Make in India and the National Policy of Electronics, as well as the government's moves to lower import dependence and boost exports and manufacturing, which is expected to drive the consumer electronics industry. Further, according to the German Electrical and Electronic Manufacturers' Association, in December 2021, the electro and digital industry sales in Germany accounted for EUR 18.1 billion, witnessing an annual growth rate of 8.5% compared to December 2020, which shows a steady rise of electronics in the region.? Thus, this growth in the consumer electronics industry is expected to increase the consumer demographic for the EUICC market, thus leading to the growth of the overall market.

Bolstering growth in automotive sector is driving the market growth of EUICC. Electronic universal circuit card (EUICC) is finding its way into automotive as the card due to its high unique software architecture established high-level connectivity between automotive and cellular devices and further provides advanced features such as vehicle & mobile management, eCall, autonomous parking assistance, traffic & hazard alerts and would also provide data related to fuel consumption. The growing economies and technological adoption of automobiles have significantly increased the productivity of the sector and owing to rapid urbanization, the disposable income of the people has increased the scale of automotive consumption. For instance, according to the data provided by the International Organization of Motor Vehicle Manufacturers, in 2021, the total automotive production stood at 80.1 million units which showed an increase of 3% in comparison to the 2020’s production volume of 77.7 million units. Moreover, as per the same source, the global sales of automotive stood at 82.6 million units which represented an increase of 4.8% in comparison to 77.8 million units sold in 2020.

COVID-19 Impact on Electronic Universal Circuit Card (EUICC) Market

In 2020, the COVID-19 pandemic had a negative impact on the electronic universal circuit card (eUICC) market. According to the International City/County Management Association, in 2020, the value of SIM card shipments fell by 15%. Globally, there were 13.9% fewer SIM cards created, with Asia Pacific and Europe producing the most. Moreover, a halt in manufacturing lines and delayed orders, scarcity of raw materials, and other supply chain problems adversely impacted the market.

Furthermore, smartphones which constitute a major share of the embedded SIM (eUICC) market, witnessed a sharp decline in production and sales due to the COVID-19 outbreak. According to the survey by Consumer Technology Association (CTA), the revenue generated by smartphones contracted by 6% roughly, from USD 77.5 billion in 2019 to USD 71 billion in 2020.

However, the market is anticipated to witness high growth from 2021 onwards. The pandemic has accelerated the digital transformation reflected by the investments and statements of major companies. For instance, according to the integrated report 2020–21, Thales Group kept utilizing societal digitalization to create new services, such as eSIM.

Electronic Universal Circuit Card (EUICC) Market Scope:

 

Report Metric	Details
Market Size Value in 2020	US$619.080 million
Market Size Value in 2027	US$3,196.667 million
Growth Rate	CAGR of 26.43% from 2020 to 2027
Base Year	2020
Forecast Period	2022–2027
Forecast Unit (Value)	USD Million
Segments Covered	Industry Vertical, And Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	Thales, STMicroelectronics, Verizon, Oasis Smart SIM, Sierra Wireless, Avent Inc., Infineon Technologies AG
Customization Scope	Free report customization with purchase

 

Segmentation

• By Industry Vertical
  • Consumer Electronics
  • Automotive
  • Energy & Utilities
  • Others
• By Geography
  • Americas
    • Others
  • Europe Middle East and Africa
    • United Kingdom
    • Germany
    • France
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Covid-19 Scenario

1.3. Market Definition

1.4. Market Segmentation

 

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

 

3. EXECUTIVE SUMMARY

3.1. Research Highlights

 

4. MARKET DYNAMICS

4.1. Market Driver

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of End-Users

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

 

5. EUICC MARKET, BY INDUSTRY VERTICAL 

5.1. Introduction

5.2. Consumer Electronics

5.3. Automotive

5.4. Energy & Utilities

5.5. Others

 

6. EUICC MARKET,  BY GEOGRAPHY

6.1. Introduction

6.2.  Americas

6.2.1. Others

6.3. Europe Middle East and Africa

6.3.1. United Kingdom

6.3.2. Germany

6.3.3. France

6.3.4. Others

6.4. Asia Pacific

6.4.1. China

6.4.2. Japan

6.4.3. South Korea

6.4.4. Others

 

7. COMPETITIVE ENVIRONMENT AND ANALYSIS

7.1. Major Players and Strategy Analysis

7.2. Emerging Players and Market Lucrativeness

7.3. Mergers, Acquisitions, Agreements, and Collaborations

7.4. Vendor Competitiveness Matrix

 

8. COMPANY PROFILES

8.1. Thales

8.2. STMicroelectronics

8.3. Verizon

8.4. Oasis Smart SIM

8.5. Sierra Wireless

8.6. Avent Inc.

8.7. Infineon Technologies AG

Thales

STMicroelectronics

Verizon

Oasis Smart SIM

Sierra Wireless

Avent Inc.

Infineon Technologies AG