German engineering group Bosch expects strong growth in software and services revenues, driven by the technology shift in the automotive industry. Speaking at this year’s CES technology show in Las Vegas, the company said it anticipates annual sales exceeding €6 billion by the start of the next decade, according to Reuters, cited by Agerpres.
Around two-thirds of these revenues are expected to come from the mobility sector. Bosch also forecasts that sales of software, sensor technology, high-performance computers and network components will double by 2035, surpassing €10 billion.
Read also: Bosch to Cut 13,000 Jobs Amid Auto Industry Challenges
In 2024, the group reported total revenues of €90.3 billion.
AI and autonomous driving take center stage
At CES, Bosch showcased new driver-focused technologies, including an AI-powered cockpit and advanced autonomous driving systems. The company plans to invest more than €2.5 billion in artificial intelligence by the end of 2027.
Autonomous driving technology is set to dominate this year’s CES, as automakers search for new growth avenues after slowing demand for electric vehicles. “This year we’ll see increasing focus on artificial intelligence and autonomous vehicles,” said C.J. Finn, analyst at PwC. “I think this connectivity around autonomous vehicles will take center stage,” he added.
Despite regulatory hurdles and high investment costs, recent developments have reignited industry momentum. Tesla launched a limited robotaxi service in Austin last year, while Waymo, owned by Alphabet, continues to expand rapidly. Meanwhile, automakers such as Rivian are preparing advanced hands-free and urban autonomous driving features.
Photo: Bosch
