Mobileye president and CEO Amnon Shashua projected significant and sustained revenue growth for the next decade.
The forecast revealed during an investor summit today at Mobileye headquarters in Jerusalem is based on a strategy update that included new data points across Mobileye’s lines of business, an expanded total available market (TAM) and new customer announcements.
“As one of Intel’s big bets, Mobileye is a critical part of Intel’s future and is exceeding our expectations with ADAS revenue today that is funding the future of driverless cars,” Intel CFO George Davis.
Mobileye achieved 20 percent revenue growth in the third quarter driven by advanced driver-assistance systems (ADAS) momentum.
“Our ADAS to AV strategy sets us up to play the marathon game with self-funding of R&D that will enable us to address key segments of a significant TAM for ADAS and data of $72.5 billion and an estimated $160 billion TAM for robotaxis by 2030,” Amnon Shashua said.
Mobileye announced a Level 4 design win with Chinese electric automaker NIO. NIO will integrate Mobileye’s self-driving system to build automated and autonomous vehicles (AV) for consumer markets in China and other major territories.
NIO will also work with Mobileye to develop a robotaxi variant of its vehicle that will be exclusively sold to Mobileye for global deployment of robotaxi-based ride-sharing services.
Mobileye will have shipped more than 50 million EyeQ chips by the end of 2019. Mobileye powers ADAS systems in 300 car models with 27 OEM partners. 8 out of 11 L2+ systems in production are based on Mobileye technology.
Mobileye has won three major market design wins: 4 million units with a major European OEM; a deal with the largest OEM in India; and two new wins with leading Chinese OEMs.