Overview:
- 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.
Table of Contents:
- Key Takeaways
- Definition
- Ecosystem Analysis
- Market Trends
- Forecast Analysis
- Use Cases
Number of Pages: 47
Published Date: May 2022