E-Sim card is the latest arrival in the mobile technology market that is poised to find its application into several other industries as well. Embedded Universal Integrated Circuit Card (eUICC) or an E-Sim card or an embedded sim as it is popularly known as, is 5 mm in width and 6 mm in length. It is attached to the motherboard of a device at the time of manufacturing. The functions of an e-sim card is similar to that of a regular sim card that exists today. However, an e-sim card is a lot more flexible than the prevailing removable ones.
An e-sim card comes with machine to machine (M2M) and capabilities of remote provisioning. Soon e-sims would be used in top-tier handsets of Samsung to Apple with rest of the companies would follow them soon after.
The global E-Sim card market is forecasted to reach US$14,613.1mn by the end of forecast period, 2017 to 2025. The market is forecasted to exhibit a CAGR of 13.5% within the forecast period from 2017 to 2025. Several factors are contributing to the industry growth rate which is considered fast and steady, and the answers to the following questions can help ascertain the future of the e-sim card market.
How Wide and Varied Could be its Array of Applications?
E-sim card is forecasted to find its usage in connected cards, smartphones, tablets, various wearable products and so on. Initially its application is to be focused on smartphones especially with the high-end ones like Apple, top models of Samsung and the like. It is already been speculated in the market that the next iPhone X is coming with an e-sim card. The phone is to be launched next year. Huawei Watch 2 Pro which is an android wear smart-watch that comes with an e-sim card.
We often refer to Internet of Things (IoT) while talking about smart and connected systems. Internet of Things comprise wearable gadgets, a data sensors, and various smart appliances. These gadgets are getting smaller and slimmer with each passing day and with diminishing size comes the requirement of improved performance. Many of these devices need cellular connectivity in order to perform properly, it is the e-sim cards finds its importance.
From a consumer’s point of view, it is quite convenient and desirable to change network operators and choose a suitable plan with just a few clicks. E-sim cards are designed to make it possible. All these functionalities render e-sim cards very useful and suitable for a wide range of applications.
Will the Automotive Industry Benefit from E-Sim Cards?
There has been a keen interest and increasing adoption of e-sim card by the automotive industry. Automotive industry along with consumer electronics industry is anticipated to drive the market for e-sim cards. There is already a vast scope of application of e-sim cards in the automotive industry and it is expected to increase with time. E-sim cards are expected to find more of its usage in connected cars. It will be used in the automotive industry for functions like infotainment and weather information. When we say “connected car”, we refer to diverse applications like monitoring of remote vehicles, management of engines, automatically making calls in case of n accident, and the function of regaining control if the driver of the vehicle looses his senses. E-sim cards finds its application in these functionalities as it serves as the linking element that connects the automotive with the world of telecommunications.