Intel's Mobileye sees $17 b. in assisted-driving product revenues by 2030

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.

Mobileye, which counts BMW, Nissan, Volkswagen, among others as its customers added that it expects the volume of its high-end SuperVision product-based vehicles to reach 1.2 million units in 2026.