The Global Subscriber Identification Module (SIM) Card Market Size Is Expected To Grow From USD 5.5 Billion In 2022, At A CAGR Of 8.3% During The Forecast Period.

Subscriber Identification Module (SIM) Card Market Overview:

The market growth can be attributed to factors such as increasing smartphone penetration and increasing demand for data services in smartphones, which is driving the need for SIM cards with higher storage capacity and leading to increased demand for SIM card manufacturers.

A Subscriber Identification Module (SIM) card is a small rectangular plastic card that stores secure authentication and identification information for a mobile device. It was developed to allow users to switch their phones between different networks without having to obtain new hardware or software from each network provider. The SIM holds information about the subscriber's account, such as contact list, favorite numbers, text messages received/sent, history details of incoming/missed calls, and service options for voice mail or caller ID services.

Subscriber Identification Module (SIM) Card market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Subscriber Identification Module (SIM) Card market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• In August 2022, Telstra, one of Australia's largest telecommunications companies, launched new mobile plan bundles that are expected to become affordable mobile and data services for families across the country. New bundled plans are available to customers who offer one or more services on an eligible 'prepaid' mobile plan, in addition to individual SIM cards that allow for additional devices. Customers can add up to 5 new bundled plans to their existing account to connect a child's smartphone, tablet or mobile broadband hotspot.
• In August 2021, IDEMIA, a global leader in augmented identity, partnered with KT Corporation (formerly Korea Telecomm) to launch KTC's first standalone 5G USIM card in Asia Pacific supporting the new 5G standalone network. . Through this partnership, IDEMIA is expected to be able to supply KTC 5G standalone USIM cards with NFC (Near-Field Communication) function. The 5G standalone USIM is a card specifically designed to protect customer privacy, providing better security for mobile network operator (MNO) network customers.

Major Market Segments Covered in Subscriber Identification Module (SIM) Card Industry Research:

Market Key Players:
Bartronics India Limited, dz Card (International) Ltd, Eastcompeace Technology Co., Ltd, Giesecke+Devrient GmbH, IDEMIA, ST Incard, Thales Group, WATCHDATA Co., Ltd., Wuhan Tianyu Information Industry Co., Ltd., XH Smart Tech (china) Co., Ltd

By Type:

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• 64 KB
• 128 KB
• 256 KB
• 512 KB

By Application:

• GSM Phones
• CDMA Phones
• LTE Handsets
• Satellite Phones

By Region:

Asia Pacific accounted for the largest revenue share in 2021. Asia Pacific consists of China, India, etc. The Asia Pacific SIM card market is expected to register the fastest growth at CAGR during the forecast period. Growing use of smartphones in the region is expected to drive demand for SIM cards. Moreover, the ever-increasing desire for superior technology embedded in smartphones and other electronic devices is expected to support the market growth. China is the largest supplier of SIM cards to the telecom industry in countries such as India, Pakistan, Singapore and Bangladesh. Changes in lifestyle and increased disposable cash have led to increased smartphone production. Various smartphone manufacturers are ramping up production to meet growing demand. Increasing regulation by federal agencies and government is also driving the market growth. For example, on December 11, 2021, the Philippine House of Representatives approved the SIM Card Registration Act, a measure requiring registration of Subscriber Identity Module (SIM) cards. The Subscriber Identity Module (SIM) Card Registration Act, a proposal requiring SIM card registration, was adopted by the Philippine House of Representatives. It is expected to benefit the nation by empowering small businesses engaged in online commerce and building consumer trust in the rapidly growing society of identity-connected digital services. National Privacy Commission (NPC) member Raymund E. Liboro issued a statement welcoming the bill amidst the rapid digitalization driven by the pandemic, which has resulted in unprecedented growth in e-commerce, fintech and mobile services. With prepaid and postpaid SIM cards, the bill is meant to promote accountability and help law enforcement find criminals.

The SIM card market in North America is expected to register rapid revenue growth during the forecast period. The SIM card market is growing in this region due to the increasing growth of embedded SIM cards. Consumers find it much easier to connect to their preferred wireless carrier and switch to another wireless carrier if desired, due to the built-in SIM card. US providers are starting to support eSIM for smartphones. T-Mobile, for example, promised to support eSIMs as a condition of getting approval to buy Sprint, and they are doing so now. However, the user guide seems a bit difficult. Therefore, increasing growth of embedded SIM cards is expected to boost the demand for SIM cards, which in turn will drive market revenue growth.

Europe is expected to register a steady revenue growth rate over the forecast period. Increasing activity by key market players to promote green SIM cards in this region is driving the market growth. For example, with the introduction of the Eco-SIM made from recycled plastic, Vodafone Germany is moving even faster towards climate neutrality. We're also using recycled plastic to make SIM card holders that are cut in half in 2020. By doing this, the company increased its annual plastic prevention capacity across the group from 340 tonnes to 320 tonnes. 9.3 million Eco-SIM cards will be gradually added to Germany's Vodafone network alone during the upcoming fiscal year. In addition to Germany, 11 additional Vodafone state-owned companies in Europe, including Egypt, Turkey and South Africa, are adopting Eco-SIM. Therefore, increasing activities by key market players to promote green SIM cards in these regional countries is expected to drive market revenue growth.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Subscriber Identification Module (SIM) Card Market report scope:

Key Takeaways from this Subscriber Identification Module (SIM) Card Report

• Estimate Subscriber Identification Module (SIM) Card market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Subscriber Identification Module (SIM) Card market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Subscriber Identification Module (SIM) Card market?

The Subscriber Identification Module (SIM) Card Market is growing at a CAGR of 8.3% During Forecast Period.

What are the key types of Subscriber Identification Module (SIM) Card market?

32 KB, 64 KB, 128 KB, 256 KB, 512 KB

What are the key applications of Subscriber Identification Module (SIM) Card market?

GSM Phones, CDMA Phones, LTE Handsets, Satellite Phones   

Who are the key players in Subscriber Identification Module (SIM) Card market?

Bartronics India Limited, dz Card (International) Ltd, Eastcompeace Technology Co., Ltd, Giesecke+Devrient GmbH, IDEMIA, ST Incard, Thales Group, WATCHDATA Co., Ltd., Wuhan Tianyu Information Industry Co., Ltd., XH Smart Tech (china) Co., Ltd