Bosch investing US$4.6bn in ‘huge’ automated driving market

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Bosch has announced that the development of automated driving technology and mobility solutions will be a major focus at the company and will invest up to €4bn by 2022.

As the company released its annual operating profit, it revealed its push into the next generation of mobility, which it described as a “game changer” and said “the market potential of automated driving is huge”.

With the company already dedicating 4,000 engineers to working on autonomous technology, Bosch revealed that automated driving is a focal point of its research and development and will continue to invest in the area.

It will work toward the goal of accident-free mobility through both driver assistance systems, which it expects will generate US$2.2bn of sales from its systems, as well as Level 4 and 5 driverless driving.

“Driverless driving will be a game-changer for individual mobility. It will open the door to disruptive business models such as robo-taxis and shuttle-based mobility,” said Dr Volkmar Denner, chairman of the board of management at Robert Bosch. “In the period up to 2022 alone, we expect our up-front investments to total €4bn.”

The profit report also goes into the depth of Bosch’s plans for its development of a comprehensive ecosystem for such mobility services and how it is developing technology and services for shared mobility – a market it expects will increase by 50% by 2030 to be worth in the region of US$160bn.

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As editor of four magazines at UKi Media & Events James brings over a decade of writing about, and obsessing over, technology and cars to Automotive Interiors World, Stadia, Winter Sports Technology International and Auditoria. Responsible for commissioning, writing and editing each issue he’s covered the best (and worst) from around the industry on a continual search to feature the latest innovation or talking point on the next cover.

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