Mobileye is a leader in the development and deployment of advanced driver assistance systems (“ADAS”) and autonomous driving technologies and solutions. We pioneered ADAS technology more than 20 years ago and have continuously expanded the scope of our ADAS offerings, while leading the evolution to autonomous driving solutions. Our portfolio of solutions is built upon a comprehensive suite of purpose-built software and hardware technologies designed to provide the capabilities needed to make the future of ADAS and autonomous driving a reality. These technologies can be harnessed to deliver mission-critical capabilities at the edge and in the cloud, advancing the safety of road users, and revolutionizing the driving experience and the movement of people and goods globally. While today ADAS is central to the advancement of automotive safety, we believe that the future of mobility is autonomous. However, mass adoption of autonomous vehicles is still nascent. Full autonomy — where a human is not actively engaged in driving the vehicle for extended periods of time — requires the autonomous driving solution to be capable of navigating any environment in any condition at any time. Additionally, developing a technology platform whose decision-making process and resulting actions are verifiable is critical to enabling autonomous driving solutions at scale. The ability to drive autonomously not only requires a substantial amount of data, but also a robust technology platform that can withstand the validation and audit process of global regulatory bodies. Finally, the autonomous driving solution needs to be produced at a cost that makes it affordable. We are building our technology platform to address these fundamental and significant challenges in order to enable the full spectrum of solutions, from ADAS to autonomous driving. We believe that our industry-leading technology platform, built upon over 20 years of research, development, data collection and validation, and purpose-built software and hardware design, gives us a differentiated ability to not only deliver excellent safety ratings and maintain a leadership position with our ADAS solutions, but also to make the mass deployment of autonomous driving solutions a reality. We also believe that the breadth of our solutions, combined with our global customer base, represents a significant market opportunity for us. Our platform is modular by design, and it is highly customizable, which allows our customers to benefit from our cutting-edge, verified, and validated core ADAS capabilities, while enabling our customers to augment and differentiate their offerings. We estimate the current total addressable market (“TAM”) to be approximately $16 billion, composed entirely of selected ADAS market opportunities. We expect the near-term TAM to be approximately $40 billion and the long-term TAM to be approximately $480 billion, as the value of ADAS functionality increases and as Autonomous Vehicle (“AV”) deployment, both in consumer-owned vehicles and fleet-owned vehicle networks, accelerates. We define the near-term TAM as the market size in or about 2026 and the long-term TAM as the market size in or about 2030. The TAM combines market opportunities in ADAS and AV, including Autonomous Mobility as a Service (“AMaaS”). --- As of October 1, 2022, our solutions had been installed in approximately 800 vehicle models (including local country, year, and other vehicle model variations), and our System-on-Chips (“SoCs”) had been deployed in over 125 million vehicles. We are actively working with more than 50 Original Equipment Manufacturers (“OEMs”) worldwide on the implementation of our ADAS solutions, and we announced over 40 new design wins in 2021 alone. In the nine months ended October 1, 2022, we shipped approximately 24.0 million of our SoCs. This represents an increase from the approximately 21.2 million of our SoCs that we shipped in the first nine months of 2021. In 2021, 2020, and 2019, we shipped approximately 28.1 million, 19.7 million, and 17.5 million, respectively, of our SoCs. We estimate, based on our existing design wins through October 1, 2022, that our ADAS solutions will be deployed in more than an additional 270 million vehicles by 2030, including approximately 54 million vehicles based on our 2022 design wins through October 1, 2022 and approximately 50 million vehicles based on our 2021 design wins. These estimates are based on projections of future production volumes that were provided by the OEMs at the time of sourcing our design wins with them for the models related to those design wins. These estimates may deviate from actual production volume (which may be higher or lower than the estimates) and do not include design wins after October 1, 2022. Mobileye was founded in Israel in 1999. Our principal executive offices are located at Har Hotzvim, 13 Hartom Street, Jerusalem.
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Here are 1-3 brief analogies for Mobileye Global (MBLY):
- NVIDIA for automotive vision and autonomous driving AI.
- Qualcomm for the automotive world's smart vision and driver assistance systems.
- Like Google's Waymo or Tesla's Autopilot, but as a technology supplier selling the 'brains and eyes' for self-driving to most major automakers.
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- EyeQ System-on-Chip (SoC) Family: These are specialized processors designed for real-time computer vision and machine learning tasks in vehicles, powering advanced driver-assistance systems and autonomous driving functions.
- Advanced Driver-Assistance Systems (ADAS) Solutions: Comprehensive software and hardware packages that enable features like automatic emergency braking, lane-keeping assist, and adaptive cruise control for automakers.
- Mobileye Drive (Autonomous Driving System): A full-stack solution encompassing hardware, software, mapping, and policy control designed for Level 4 autonomous vehicles.
- Road Experience Management (REM™) Mapping Technology: A proprietary crowdsourced mapping solution that creates and updates high-definition, localized maps essential for autonomous driving.
- Aftermarket Collision Avoidance Systems: Standalone camera-based systems that can be installed in existing vehicles to provide safety alerts and help prevent accidents.
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Major Customers of Mobileye Global (MBLY)
Mobileye Global (MBLY) sells primarily to other companies, specifically global automotive manufacturers (OEMs) and, to a lesser extent, Tier 1 suppliers that integrate Mobileye's advanced driver-assistance systems (ADAS) and autonomous driving technologies into vehicles. This is a business-to-business (B2B) model.
While Mobileye's SEC filings indicate that a few major customers account for a significant portion of its revenue, the company does not typically disclose the names of these top customers directly in its public filings for competitive reasons. However, based on various public announcements, design wins, and industry partnerships, the following are widely recognized as major customers or significant partners:
- Volkswagen Group (includes brands like Volkswagen, Audi, Porsche): VWAGY (OTC)
- BMW Group (includes brands like BMW, MINI): BMWYY (OTC)
- Ford Motor Company: F (NYSE)
- General Motors: GM (NYSE)
- Nissan Motor Co., Ltd.: NSANY (OTC)
- Geely Automobile Holdings Limited (parent company of brands like Volvo, Zeekr, Polestar – with Zeekr being a significant partner for Mobileye's more advanced Drive systems): GELYF (OTC)
- NIO Inc.: NIO (NYSE)
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Professor Amnon Shashua, President and CEO
Professor Amnon Shashua co-founded Mobileye in 1999. The company went public in 2014, was acquired by Intel in 2017 for $15.3 billion, and then returned to the public markets in 2022. He is a professor of computer science at the Hebrew University of Jerusalem. Shashua has a history of founding other companies, including OrCam Technologies (2010), AI21 Labs (2017), One Zero (Israel's first fully digital bank, 2019), Mentee Robotics (2021), and AAI Technologies (2024).
Moran Shemesh Rojansky, Chief Financial Officer
Moran Shemesh Rojansky joined Mobileye in 2016 and has held various positions, including Corporate Controller, Director of Finance, and Vice President of Finance. She was appointed acting CFO in June 2023 and then permanently as Chief Financial Officer in September 2023. Before Mobileye, she served as head of consolidation and reporting at Tnuva Ltd. from 2013 to 2016 and as a senior manager in the accounting consulting services and advisory group at PwC Israel.
Professor Shai Shalev-Shwartz, Chief Technology Officer
Professor Shai Shalev-Shwartz serves as Mobileye's Chief Technology Officer. He is also a professor.
Liz Cohen-Yerushalmi, Chief Legal Officer and General Counsel
Liz Cohen-Yerushalmi is Mobileye's Chief Legal Officer and General Counsel.
Nimrod Nehushtan, Executive Vice President, Business Development & Strategy
Nimrod Nehushtan holds the position of Executive Vice President, Business Development & Strategy at Mobileye.
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Key risks to Mobileye Global (MBLY) include intense competition, customer concentration coupled with the risk of vertical integration by original equipment manufacturers (OEMs), and vulnerabilities within its supply chain.
- Intense Competition and In-house Development: Mobileye operates in a highly competitive market for advanced driver-assistance systems (ADAS) and autonomous driving technologies. Competitors such as Tesla, Waymo, Nvidia, and various Chinese EV manufacturers are significantly investing in research and development and intensifying their efforts. Mobileye must continuously innovate and differentiate its offerings to maintain its market position, especially as some OEMs increasingly opt to develop solutions internally or partner with local suppliers, particularly in China.
- Customer Concentration and Risk of Vertical Integration: Mobileye's financial performance is closely tied to a limited number of key customers. This makes the company vulnerable to fluctuations in these customers' purchasing patterns, production levels, or strategic decisions. A significant risk arises from the growing trend of OEMs, particularly in China, developing their own in-house ADAS and autonomous driving solutions, which could lead to a reduction in demand for Mobileye's products.
- Supply Chain Vulnerabilities: Mobileye has experienced past supply chain disruptions, and a significant risk stems from its reliance on a single supplier, STMicroelectronics, for its critical EyeQ system-on-chips (SoCs). Any future constraints or issues with this sole supplier could adversely affect Mobileye's ability to meet customer demands, impact operational efficiency, and consequently, its financial performance.
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The increasing trend among major automotive manufacturers to develop their advanced driver-assistance systems (ADAS) and autonomous driving (AD) software and hardware stacks in-house or to partner exclusively with full-stack platform providers. This vertical integration directly challenges Mobileye's traditional business model of supplying modular vision-based solutions and chips, as automakers seek greater control, differentiation, and a unified architecture for their next-generation vehicles, potentially reducing reliance on third-party component suppliers like Mobileye.
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The addressable markets for Mobileye Global's main products and services are substantial and projected to grow significantly, primarily within the global Advanced Driver-Assistance Systems (ADAS) and Autonomous Vehicle (AV) sectors.
Currently, Mobileye estimates its total addressable market (TAM) to be approximately $16 billion, entirely derived from selected ADAS market opportunities. This market is expected to expand considerably, with a near-term TAM projected at approximately $40 billion around 2026. Looking further out, the long-term TAM for Mobileye is estimated to reach approximately $480 billion by 2030, driven by the increasing value of ADAS functionality and the acceleration of AV deployment, including Autonomous Mobility as a Service (AMaaS).
Specifically, the global ADAS market was valued at $42.9 billion in 2024 and is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 17.8% between 2025 and 2034. Another estimate indicates the ADAS market will grow from $34.68 billion to $98.65 billion at a CAGR of 11.02% during 2025–2034. Mobileye is a dominant player in this space, holding approximately 65% to 70% of the global ADAS market share.
Beyond ADAS, the global autonomous vehicle market is also experiencing rapid growth. It was valued at $1921.1 billion in 2023 and is projected to reach $13632.4 billion by 2030, demonstrating a robust CAGR of 32.3% during this period.
Mobileye's primary products, which contribute to these markets, include their EyeQ™ System-on-Chips (SoCs) for ADAS, and advanced solutions like Mobileye SuperVision™, Mobileye Chauffeur™, and Mobileye Drive™ for higher levels of autonomous driving.
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Mobileye Global (MBLY) is poised for future revenue growth over the next 2-3 years, driven by several key initiatives and market trends:
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Expansion of Advanced Driver-Assistance Systems (ADAS) Market Share: Mobileye aims to sustain and expand its presence in the ADAS market, particularly outside of China. The company has secured long-term ADAS design wins with its top ten customers, with many of these agreements extending into the early 2030s. This growth is anticipated to be fueled by increasing adoption of ADAS technologies.
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Ramp-up and Commercialization of Advanced Products: A significant driver will be the successful launch and scaling of Mobileye's advanced product portfolio, including SuperVision, Chauffeur, and Drive. The SuperVision system has already seen a successful launch in China and secured design wins with major automotive groups like Volkswagen. New product launches, particularly the Drive technology, are expected to become substantial growth contributors by 2027, complementing SuperVision. Additionally, the EyeQ6 High-based surround ADAS systems are developing as a next-generation standard for high-volume vehicle platforms.
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Increased Content Per Vehicle: Mobileye anticipates revenue growth from substantially increasing the content of its technology per vehicle within the ADAS segment. This is supported by regulatory changes expected by the end of the decade, which could pave the way for higher Average Selling Price (ASP) systems. The adoption of advanced EyeQ6 high-based surround ADAS programs in mass-market vehicles exemplifies this trend.
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New Customer Acquisitions and Market Penetration: The company is continuously expanding its customer base and market reach, evidenced by new customer additions such as Volvo and growing potential in markets like India. Mobileye consistently wins new programs and is engaged with numerous OEMs for advanced product solutions, indicating broad-based demand across various regions and automakers, including China-based OEMs.
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Scaling of Robotaxi and Mobility-as-a-Service (MaaS) Solutions: Mobileye is actively developing and testing its Mobileye Drive product for MaaS applications. Strategic partnerships with key players such as Volkswagen's Mobility arm MOIA, Japanese fleet manager Marubeni, Uber, and Lyft are crucial for scaling robotaxi deployments. The company is preparing for the commercial deployment of its autonomous technologies by 2027.
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Share Repurchases
- On July 8, 2025, Mobileye Global announced an equity buyback program for $100 million worth of its shares.
- The company completed this $100 million share repurchase, buying back 6,231,985 shares from Intel Overseas Funding Corporation, between July 9 and July 11, 2025.
Share Issuance
- Mobileye Global went public for the second time in October 2022 through an IPO, offering 41 million shares and raising $861 million.
- In July 2025, Intel Overseas Funding Corporation, a subsidiary of Intel Corporation, commenced a secondary public offering of 45 million shares of Mobileye's Class A common stock, with an option for underwriters to purchase an additional 6.75 million shares.
- Mobileye did not sell any shares in this secondary offering and did not receive any proceeds from Intel's sale of shares.
Inbound Investments
- Mobileye was acquired by Intel Corporation in 2017 for $15.3 billion, becoming a wholly-owned subsidiary.
- Following its re-listing in October 2022, Intel retained majority ownership, holding approximately 99.3% of the voting power as of December 31, 2022.
- As of September 27, 2025, Intel maintained a significant stake, holding around 79.6% of Mobileye's outstanding common stock and 97.3% of its voting power.
Outbound Investments
- In 2020, Mobileye acquired Moovit, a mobility-as-a-service (MaaS) company, for approximately $900 million to enhance its MaaS offerings.
Capital Expenditures
- Capital expenditures have remained moderate, averaging around $14-$26 million per quarter as of Q1 2025, primarily for investments in plant, property, and equipment.
- Cash used for purchases of property and equipment totaled $52 million for the nine months ended September 27, 2025.
- Mobileye has an operating expense budget of $1 billion for 2025, with $600 million specifically allocated to future investments in AI and advanced products.
