[AutonomousVehicles] Mobileye sees $17 billion in self driving revenue by 2030

[Cornelius Butler]

Hi Everyone,
There is enormous demand for self-driving technology as evidenced by the
article I'm providing below about Mobileye. They are expecting more than
$17 billion in future business through 2030 utilizing their self-driving
technology. Article link and text are below

Article Link:
https://www.reuters.com/technology/intels-mobileye-sees-17-bln-assisted-driving-product-revenues-by-2030-2023-01-05/

Article TExt:
Intel's Mobileye sees $17 bln in assisted-driving product revenues by 2030
Reuters

Jan 5 (Reuters) - Intel Corp's (INTC.O) self-driving tech unit Mobileye
Global Inc (MBLY.O) said on Thursday it sees more than $17 billion in
revenues for its advanced driver assistance systems (ADAS) products by 2030.

Jerusalem, Israel-based Mobileye, which went public in October last year,
is a top player in the ADAS market, which shares components with fully
automated self-driving systems but costs much less.

The company said it will continue testing its autonomous vehicle technology
in 2023.


A push to incorporate assisted-driving capabilities to bolster safety
features in cars has led to greater adoption of self-driving technology,
helping companies such as Mobileye.

The company, which Intel bought in 2017, counts BMW, Nissan, Volkswagen,
among others as its customers. Mobileye added that it expects the volume of
its latest SuperVision product-based vehicles to reach 1.2 million units in
2026, on the back of strong demand in China.


Shares in the company were down 3% on Thursday, amid a weakness in broader
markets. It is up about 48% from the IPO price of $21, valuing Mobileye at
nearly $25 billion.

Reporting by Eva Mathews in Bengaluru; Editing by Shailesh Kuber
Our Standards: The Thomson Reuters Trust Principles.
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