According to The Insight Partners' research, the South & Central America eSIM market was valued at US$ 167.04 million in 2024 and is expected to reach US$ 396.43 million by 2031, registering a CAGR of 14.8% from 2025 to 2031. Surge in travellers eSIM and AI in eSIM connectivity management are among the critical factors attributed to the South & Central America eSIM market expansion.
The adoption of eSIM technology is gaining steady momentum and is poised to replace physical SIM cards as the primary method of mobile service authentication. Due to its fully digital nature and inherent advantages, eSIM is expected to drive transformational change across multiple industries, notably within the travel sector, during the forecast period. According to Mobilise Global data from 2023, travel operators, especially airlines, have observed a 20% increase in ancillary revenue per passenger when ancillary services are offered during the booking process. Furthermore, in June 2025, Vodafone introduced a new digital travel platform centered around its Travel eSIM, designed to offer affordable and reliable data connectivity to travelers, regardless of their current mobile network provider. With Vodafone's Travel eSIM, users can easily add mobile data while retaining their existing phone number, ensuring seamless connectivity abroad. The onboarding process is simple and quick: before departure, users can download the dedicated app or visit the platform's website, customize or select a pre-built data plan, and install the eSIM within minutes. This user-friendly solution empowers travelers with convenient, cost-effective, and uninterrupted mobile access across borders.
Travelers are a key catalyst in accelerating eSIM adoption. In today's digitally connected world, uninterrupted internet access has become a critical factor in travel decisions, with 81% of travelers citing internet availability to be crucial when selecting destinations. eSIM technology addresses these needs by enabling travelers to connect seamlessly to reliable local networks without the inconvenience of swapping physical SIM cards, depending on unsecured public Wi-Fi, or facing excessive roaming fees. This seamless connectivity ensures an uninterrupted mobile experience throughout their journey. For travel operators, the digital capabilities of eSIM open new avenues for revenue diversification and enhanced ancillary income. By embedding connectivity solutions directly into travel products and services, businesses can better meet customer expectations while unlocking additional monetization opportunities. Thus, the rising growth in the traveler's eSIM is expected to offer lucrative opportunities for market growth in the coming years.
On the contrary, regulatory challenges hamper the growth of South & Central America eSIM market.
Based on component, the South & Central America eSIM Market is bifurcated into hardware and software & services. The hardware segment held 79.3% share of the South & Central America eSIM market in 2024, amassing US$ 132.51 million. It is projected to garner US$ 319.74 million by 2031 to expand at 13.7% CAGR during 2025-2031.
By type, the South & Central America eSIM Market is segmented into consumer eSIMs, IoT eSIMs, and Travel eSIMs. The consumer eSIMs segment held 83.7% share of the South & Central America eSIM market in 2024, amassing US$ 139.74 million. It is projected to garner US$ 324.75 million by 2031 to expand at 13.1% CAGR during 2025-2031. The consumer eSIMs segment is further sub segmented into smartphones, connected cars, wearables, laptops and tablets, and others.
By country, the South & Central America eSIM market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil held 61.4% share of South & Central America eSIM market in 2024, amassing US$ 102.57 million. It is projected to garner US$ 260.24 million by 2031 to expand at 14.5% CAGR during 2025-2031.
Key players operating in the eSIM market are GELITA AG; Nitta Gelatin Inc; ITALGEL S.r.l.; Trobas Gelatine B.V; Jellice Pioneer South & Central America B.V; Halavet Food Industry and Trade Inc.; Foodmate Co Ltd; Henan E-King Gelatin Co., Ltd; BDF Natural Ingredients SL; Weishardt Holding SA; Darling Ingredients Inc; Lapi Gelatine SpA; Ewald-Gelatine GmbH; Nippi Inc; and Tessenderlo Group NV, among others.
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