By 2030, nearly 70% of all cellular devices shipped will be eSIM/iSIM-capable driven by smartphones and cellular IoT modules. eSIM/iSIM-capable devices are expected to grow at a CAGR of 22% between 2024 and 2030. Global xSIM

The telecom ministry will now scrutinize the recommendations formulated by TRAI and then final decisions will be taken. The suggestions are aimed to synchronize the regulatory ecosystem of the machine-to-machine embedded SIM in India

The eSIM penetration in the rest of the world is much higher than in China but the large IoT base in China brings the overall global eSIM penetration to less than 10%

GSMA has surveyed that around 2 billion eSIM devices could be shipped by the end of 2025, and hence it is urging the telecom industry to adopt this technology at a rapid scale.

In the Q1 2023, around 450 million IoT modules have the potential to support eSIM/iSIM, which is approximately 16 percent of the 2.8 billion active international cellular IoT connections.

The overall eSIM market is projected to increase to $16.3 billion by 2027 from $4.7 billion in 2023.

6 percent of international eSIMS will be used for the IoT sector by the end of 2026, the report added

India’s IoT module market is growing exponentially with more than 264 percent in the second quarter of this year

u-blox has announced its first cellular module u-blox SARA-R500E that comes with an embedded SIM chip (eSIM) and is designed for size-constrained applications with high requirements in terms of robustness and security, such as connected healthcare and asset trackers.