Israel automotive industry outlook is almost positive, with a domestic demand growing any year and with the fast development of start-ups dedicated to apply new technology at the automotive sector.
Israel briefly made cars in the 1950s and 1960s: the Sussita, the Carmel and the Sabra, which, unusually, had a cactus for its logo. The cars sold poorly, but entered popular myth: Israelis today will tell you they were irresistible to camels, who liked to munch on their fiberglass bodies. Israel lacked — and today still lacks — both the requisite industrial depth and the domestic car market needed to rival the incumbent auto industries of the US, Europe or Japan.
But six decades later, the high-tech functions in which Israeli companies excel — cyber security, artificial intelligence, machine learning — are increasingly being deployed in cars, and the Jewish state’s automotive moment has come.
Israel’s central and coastal high-tech belt is emerging as a growing hub of automotive supplier and service companies. World carmakers that go to Silicon Valley in search of new products and plugged-in developers are also turning to Tel Aviv, as witnessed in a recent spate of deals involving Israeli tech companies.
With a population of just eight million, Israel is home to more than 5,000 startups and 750 venture capital-backed companies. The country created 1,400 new technology startups in just one year (2015), making Israel the world leader in terms of startups per capita. Right after California, Silicon Wadi has the second-largest concentration of technology related startups in the world. There are now more technology companies from Israel listed on the NASDAQ stock exchange than from any other country except the United States and China. The tiny Mediterranean nation attracts more venture capital relative to the size of its economy than any other country in the world.
The Israeli automotive and smart industry is home to more than 500 companies with a wide variety from well-established businesses to young startups still in their founding phase. This variety can be structured in five major content clusters: electric mobility, autonomous mobility, smart mobility, conventional vehicle technology, and other topics.
Research, Consulting, Data & Forecast
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Market Researches in PDF are immediately available for download with study on the market since 2005 and with forecast up to the 2022.
Auto Data in EXCEL are immediately downloadable with annual sales volume, split by month, for all brands and all models distributed in the market. This year data are released year to date, but you will receive a monthly update until the year-end.
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