A Subscriber Identification Module (SIM) is an integrated circuit that is projected to securely hold the International Mobile Subscriber Identity (IMSI) number. SIM cards are indispensable part of mobile devices which defends the mobile identity of subscribers, connect devices with phone numbers, and store payment credentials. SIM cards consist of memory volumes such as 32KB, 64KB, 128KB and 256KB. They are extensively used in GSM phones, CDMA phones, LTE handsets, and satellite phones. The evolution of SIM cards from the conventional detachable and non-programmable SIM to the embedded SIM with, has enabled the SIM to familiarize itself with the current cellular technological developments.Such innovative SIMs aide in combining all FFs in one single card with precise cuts and withstand a wide range of temperature changes. Another trend expected to gain traction in the market is the advent of soft SIMs. A soft SIM is a built-in feature that might replace the traditional SIM cards and allow the users to connect to their network of their choice by selecting and entering the details in the software.
The SIM card market has grown rapidly, in-line with the high-level adoption of mobile communication. The global market for SIM cards is large and relatively stable, projecting an inclined slope in terms of the number of SIM cards being shipped globally during the forecast period. Despite the general economic downturn affecting many business sectors in a large segment of the globe, the market for SIM cards is anticipated to continue its growth. Moreover, the political turmoil and security risk factors in many regions have augmented the implementation of SIM ID registration for pre-paid SIM cards. As more countries commence to implement ID registration as a highly effective method to counter national security risks and illegal activities, the market might face a slight downfall during the upcoming years. A key observation, having a notable impact is the growth in number of subscribers. In many mature markets, the subscriber growth has virtually come to a halt and is slowing in the emerging markets. However, the changing Mobile Network Operator (MNO) business models and wider implementation of mobile connectivity are fueling the market growth. In addition, an alignment of operators, SIM vendors, and original equipment manufacturers (OEMs) towards a single, de facto standardized approach helps in avoiding industry fragmentation and potential interoperability issues. Such ecosystem alignment also allows smaller service providers and OEMs to continue to have equal access to the market opportunities.
SIM CARDS MARKET SEGMENTATION
â¢ Mobiles Phones
â¢ Wearable Device
â¢ South Korea