Israel-Based Mobileye Sees $17 billion in Assisted-Driving Product Revenues by 2030

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Reuters

(Reuters) -Intel Corp’s self-driving tech unit Mobileye Global Inc 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-d…

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