Electronic Universal Circuit Card (EUICC) Market Size, Share, Opportunities, And Trends By Industry Vertical (Consumer, Electronics, Automotive, Energy & Utilities, Others), And By Geography - Forecasts From 2025 To 2030

Description

The Electronic Universal Circuit Card (EUICC) Market is expected to grow from US$1.420 billion in 2025 to US$3.028 billion in 2030, at a CAGR of 16.36%.

Electronic Universal Circuit Card Market Highlights

• Increasing smartphone penetration and 5G adoption fuel eUICC market growth.
• Miniaturization in consumer electronics drives eUICC integration in compact devices.
• Growing IoT applications boost demand for eUICC in connected devices.
• Enhanced security features in eUICCs support adoption in sensitive industries.
• Strategic partnerships among telecom operators and eUICC vendors spur innovation.

Electronic Universal Circuit Card Market Trends:

An electronic Universal Circuit Card or eUICC is a software component of eSIM cards that allows users to host multiple network connectivity profiles, which can be provisioned over the air. The software component is the next evolution of the physical SIM cards. Unlike the former, eUICC can remotely provision the user’s profile without having the card physically replaced in 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.

For instance, according to Ericsson Mobility Report, the global smartphone subscription was 6,930 million in 2023, which grew to 7,130 million by 2024 and is forecasted to increase to 8,290 million by 2030 with a 3 percent CAGR from 2024 to 2030.

Furthermore, major smartphone brands have already taken steps in this direction and are undergoing technological innovations to increase the scope of usage of electronic universal circuit cards. For instance, in March 2025, SHIFT announced a partnership with Thales to integrate eSIM functionality in its modular smartphones. It is a pluggable eSIM format solution, unlike traditional soldered eSIMs, that enables users to securely download and store multiple connectivity plans. It has phone's SIM slots for eSIM, which enables transformation of the device into an eSIM-enabled smartphone. Owing to such developments undertaken by the major conglomerates, the demand for Electronic Universal Circuit Cards is also projected to increase in the future, which will stimulate their adoption during the forecast period.

Based on industry vertical, the EUICC market is divided into consumer electronics, automotive, energy & utilities, and others. 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. 

Electronic Universal Circuit Card Market Drivers:

• Bolstering growth in the automotive sector is driving the market growth of EUICC.

Electronic universal circuit card 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. Furthermore, due to rapid urbanization, the disposable income of the people has increased the scale of automotive consumption. 

For instance, according to the data by the International Organization of Motor Vehicle Manufacturers (OICA), in 2024, the total automotive production was 92.504 million units, with the Asia-Oceania production of 54.907 million, followed by America at 19.187 million and Europe at 17.231 million.  Moreover, as per the same source, the global sales of automotive vehicles stood at 95.315 million units in 2024, representing an increase from 92.850 million units sold in 2023.

In addition, major automotive companies, realizing the essence of electronic universal circuit boards, are implementing various measures such as strategic collaboration and innovative product launches to promote the usage of electronic universal circuit card technology in their automotive industry. This significant increase in automotive production and consumption, coupled with the demand for new technological innovations, is projected to boost its market growth during the forecast period.

Electronic Universal Circuit Card Market Geographical Outlooks

• Asia Pacific, particularly China, is expected to lead the market growth

The expanding number of mobile connections and rapid adoption of new technologies are raising the adoption of remote provision of SIM cards in the country, thereby propelling the market growth rate of electronic universal circuit cards in China. The growth of eSIM adoption in consumer electronics and IoT devices is further pushing the market expansion. According to the National Development and Reform Commission of China, the country's mobile IoT connections reached 1.698 billion in August 2022, with the IoT and 5G base stations for 755,000 and 2.1 million, respectively, in the same timeframe.

Additionally, as per the report, Chinese mobile operators like China Mobile, China Telecom, and China Unicom are undertaking several eSIM projects and initiatives, including building eSIM infrastructure, joint development forces across the eSIM ecosystem, and iterative working towards the development of eSIM-enabled products. This, in turn, will contribute to the demand for electronic universal circuit cards in the country.

Furthermore, the GSMA report stated that with a rise in smartphone connections in China, the eSIM penetration is expected to grow by 20 percent in the low adoption scenario and 35% of total eSIM adoption in smartphones in the high adoption scenario by 2025, amounting to approximately a fifth of the global eSIM smartphone connections.

Moreover, the increasing number of 5G connections and the growing adoption of eSIM in different industries, as well as consumer electronics in China, are boosting the demand for electronic universal circuit cards in the country, thereby increasing its market potential. According to GSMA data, by 2025, the country is expected to be the largest 5G market, with over 450 million 5G connections across the region. This is reported to account for about 30 percent of the total number of mobile connections in the country, while globally it is close to a third of the number of 5G connections.

Electronic Universal Circuit Card Market Key Developments

• 5G-Driven eUICC Surge (2021-2025): Rapid 5G rollout globally accelerated eUICC integration in smartphones and IoT devices for flexible connectivity.
• GSMA eSIM Certification Growth (2024): GSMA's eSIM certification program expanded, enhancing eUICC security and interoperability for IoT and consumer devices.
• Telit Cinterion eUICC Solutions (2023): Telit launched advanced eUICC modules for IoT, enabling seamless network switching and enhanced security.

• Apple iPhone 14 eSIM Adoption (2022): US models of iPhone 14 and 14 Pro fully transitioned to eSIM, eliminating physical SIM slots, boosting eUICC adoption. 

Electronic Universal Circuit Card (EUICC) Market Scope:

Segmentation

• By Device
  • Smartphone
  • Smartwatches
  • Tablets
  • PCs
  • Others
• By Operating System
  • Android
  • Windows
  • IOS
• 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

Table Of Contents

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. ELECTRONIC UNIVERSAL CIRCUIT CARD MARKET BY DEVICE

4.1. Introduction

4.2. Smartphone 

4.3. Smartwatches

4.4. Tablets

4.5. PCs

4.6. Others

5. ELECTRONIC UNIVERSAL CIRCUIT CARD MARKET BY OPERATING SYSTEM

5.1. Introduction

5.2. Android

5.3. Windows

5.4. IOS

6. ELECTRONIC UNIVERSAL CIRCUIT CARD MARKET BY INDUSTRY VERTICAL

6.1. Introduction

6.2. Consumer Electronics

6.3. Automotive 

6.4. Energy & Utilities

6.5. Others

7. ELECTRONIC UNIVERSAL CIRCUIT CARD MARKET BY GEOGRAPHY

7.1. Introduction

7.2. Americas

7.2.1. Others

7.3. Europe, Middle East, and Africa

7.3.1. United Kingdom

7.3.2. Germany

7.3.3. France

7.3.4. Others

7.4. Asia Pacific

7.4.1. China

7.4.2. Japan

7.4.3. South Korea

7.4.4. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Thales

9.2. STMicroelectronics

9.3. TATA Communications Limited 

9.4. Infineon Technologies AG

9.5. Giesecke+Devrient GmbH

9.6. IDEMIA

9.7. Kigen

Companies Profiled

Thales

STMicroelectronics

TATA Communications Limited 

Infineon Technologies AG

Giesecke+Devrient GmbH

IDEMIA

Kigen

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