- Global automotive NAD module shipments grew by 13% YoY in 2021 to reach 36 Mn units.
- This is primarily due to the increase in connected car penetration across the globe. OEMs are scaling up on connected mobility as a service to monetize revenue streams, especially since consumer preference shifted from ride-sharing services to personal mobility during the pandemic.
- Rolling Wireless is leading the global automotive NAD module market, followed by LG and Continental in 2021.
- We expect the global IC shortage to start easing from late 2022. By 2027, almost 50% of connected cars is projected to have embedded 5G connectivity.
- Global automotive NAD module revenue is expected to increase by more than two times from 2021 to reach $3.5 billion by 2027.
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Soumen Mandal
Soumen is a Senior Analyst tracking IoT, Automotive and Telecommunication ecosystem at Counterpoint Technology Market Research. He is interested in IoT applications, connections, components, electric vehicles, connected cars, autonomous vehicles, semiconductors, shared mobility, services and emerging technologies. He started his career as an Energy Analyst with Manikaran Power Ltd. He has experience working with DISCOMs and SLDCs in the Indian power and energy industry. He is currently based in Gurgaon. He holds an Electrical Engineering degree and an MBA in Marketing & Finance.
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Jan 19, 2022