Technology
AI Revolutionizes the Software-Defined Vehicle Market, Growth of USD 76.1 Billion Driven by Autonomous Vehicles (2024-2028) – Technavio Report
Published
4 months agoon
By
NEW YORK, Sept. 12, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global software-defined vehicle (SDV) market size is estimated to grow by USD 76.12 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 22.73% during the forecast period. Increasing demand for autonomous vehicles is driving market growth, with a trend towards integration of advanced safety technologies in luxury cars . However, decline in automotive production due to global shortage of semiconductor chips poses a challenge. Key market players include Arm Ltd., Arorian Technologies GmbH, BlackBerry Ltd., Bluekei Solutions Pvt.Ltd., Continental AG, ETAS GmbH, Expleo Group SAS, Keysight Technologies Inc., Larsen and Toubro Ltd., Li Auto Inc., MulticoreWare Inc., NCC Group Plc, NIO Ltd., NTT DATA Corp., NXP Semiconductors NV, Real-Time Innovations Inc., Rivian Automotive LLC, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Siemens AG, TE Connectivity Ltd., Tesla Inc., u blox AG, Vector Informatik GmbH, XPeng Inc., and Zhejiang Geely Holding Group Co. Ltd..
Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report
Software-Defined Vehicle (Sdv) Market Scope
Report Coverage
Details
Base year
2023
Historic period
2018 – 2022
Forecast period
2024-2028
Growth momentum & CAGR
Accelerate at a CAGR of 22.73%
Market growth 2024-2028
USD 76121.8 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
21.28
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 40%
Key countries
US, China, Germany, Canada, and UK
Key companies profiled
Arm Ltd., Arorian Technologies GmbH, BlackBerry Ltd., Bluekei Solutions Pvt.Ltd., Continental AG, ETAS GmbH, Expleo Group SAS, Keysight Technologies Inc., Larsen and Toubro Ltd., Li Auto Inc., MulticoreWare Inc., NCC Group Plc, NIO Ltd., NTT DATA Corp., NXP Semiconductors NV, Real-Time Innovations Inc., Rivian Automotive LLC, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Siemens AG, TE Connectivity Ltd., Tesla Inc., u blox AG, Vector Informatik GmbH, XPeng Inc., and Zhejiang Geely Holding Group Co. Ltd.
Market Driver
The automotive industry is experiencing a shift towards safer and more reliable vehicles, particularly in the luxury segment. With growing concerns over road safety and increasing customer demand for advanced safety features, automotive Original Equipment Manufacturers (OEMs) are incorporating technologies such as emergency brake assist, lane departure warning systems, collision mitigation warning, blind-spot detection, and automatic emergency braking systems. These safety technologies have higher penetration rates in sedans than in SUVs, but are now being introduced on a larger scale in crossovers. Customers’ preferences for safety systems, coupled with safety awareness and ratings by automotive bodies like the New Car Assessment Program (NCAP), have driven the focus on safety features. For instance, the Australasian New Car Assessment Program (ANCAP) conducts safety tests, including frontal crashworthiness and side-impact tests, to determine a vehicle’s safety quotient. These ratings significantly influence customers’ purchasing decisions. In response, automakers are integrating Software-Defined Vehicles (SDV) to enhance safety and meet customer demands. SDVs enable the integration of advanced safety systems and connectivity features, providing real-time data processing and improved vehicle performance. This shift towards SDVs is expected to positively impact the luxury vehicle market during the forecast period.
The Software-Defined Vehicle (SDV) market is experiencing significant growth, particularly in the area of Hybrid Electric Vehicles (HEVs). Key trends include the use of Hybrid powertrains, Battery Management Systems, Electric Motor Control, Energy Regeneration, Human-Machine Interfaces (HMIs), and Cybersecurity. These innovations aim to improve vehicle performance, efficiency, and safety. SDVs also face challenges such as Safety and Environmental Regulations, Hardware configurations, Faults, and Recall campaigns. Logistical challenges arise from the need for Over-the-Air updates and Online fixes, which require Cybersecurity measures to prevent cyberattacks. The market is also seeing advancements in areas like Infotainment, Connectivity and Security, Autonomous Driving, Navigation, and V2X Communication. However, the complexity of these Software systems can lead to operational costs and potential risks from Remote Hacking. The future of the SDV market lies in balancing innovation with security and regulatory compliance.
Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!
Market Challenges
The global semiconductor chip shortage is negatively impacting the automotive industry and, consequently, the growth of the software-defined vehicle (SDV) market. As vehicles become more reliant on advanced electronic systems and software-driven functionalities, the disrupted automobile manufacturing process due to the chip shortage has led to production delays and reduced output. Automakers are prioritizing critical vehicle components, causing delays in software development and integration investments. This bottleneck hinders the adoption of innovative software-driven technologies and stifles revenue opportunities for SDV vendors. The chip shortage has forced carmakers to idle production lines, resulting in reduced automotive production in various parts of the world. For instance, Ford Motor Co. And Renault have announced production reductions due to chip shortages. This production slowdown will hinder the growth of the global SDV market during the forecast period.The Software-Defined Vehicle (SDV) market is experiencing rapid growth as technologically advanced vehicles become the norm. OEMs and Tier 1 hardware providers collaborate to create safer, more connected vehicles. However, challenges persist. Safety protocols and encryption procedures are crucial for secure SDV platforms. Monetization through software-centric business models and continuous customer engagement are essential. Remote diagnostics, fleet management, and software updates are key features. Security patching and vehicle safety are top priorities, as interconnected systems increase vulnerabilities to cyber threats. Standardizing hardware and autonomous driving technology are critical to overcoming legacy OEMs’ resistance to software upgrades. SemiSDVs offer a middle ground, while cloud-native technologies and opensource platforms enable innovation. Driving assistance, connectivity, digitalization, and electrification are driving the market forward. NIO, Tesla, and other automotive manufacturers are leading the charge towards autonomous driving and electrification, using advanced technologies like sensor fusion and vehicle-to-everything (V2X) communication. The future of the SDV market is bright, but addressing cybersecurity concerns and ensuring standardization will be crucial for success.
Discover how AI is revolutionizing market trends- Get your access now!
Segment Overview
This software-defined vehicle (sdv) market report extensively covers market segmentation by
Type 1.1 Semi-SDV1.2 SDVVehicle Type2.1 Passenger cars2.2 Commercial vehiclesGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa
1.1 Semi-SDV- The Software-Defined Vehicle (SDV) market is experiencing significant growth due to the increasing demand for customizable automobiles and the rapid advancement of technology. Semi-SDVs, a subset of SDVs, are gaining popularity as they allow users to manage and control underlying vehicle hardware and capabilities through software. Infotainment systems, sensors, diagnostics, navigation, and battery charging are just a few functions being simplified by SDV software. This software offers an economical solution for modifying vehicles to meet changing user needs, eliminating the need for costly hardware upgrades. The automotive industry’s focus on comfort and convenience has also driven the development of SDVs. With the competition increasing and sales growing in the global automotive market, the development timeline for innovative SDV technologies and their adoption among Original Equipment Manufacturers (OEMs) are decreasing. Additionally, the increasing dependency on automation technologies in vehicles necessitates improvements in safety and security. Semi-SDVs, which can be controlled both automatically and manually, are designed to meet these requirements while ensuring the driver remains ready to take control. This shift towards semi-SDVs is expected to positively impact the growth of the SDV market.
Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics
Research Analysis
Software-Defined Vehicles (SDVs) represent the future of the automotive industry, offering advanced features and capabilities through complex software systems. Unlike conventional vehicles with fixed hardware configurations, SDVs allow for over-the-air updates, online fixes, and continuous customer engagement. However, these vehicles also present unique challenges. Faults in software can lead to recall campaigns, and logistical challenges arise from the need for constant connectivity and remote diagnostics. Cyberattacks and cyber threats, including remote hacking, are significant concerns due to the interconnected nature of SDVs. Navigation, autonomous driving, and V2X communication are just a few of the advanced technologies enabled by SDVs. However, software development shortcomings, safety protocols, and encryption procedures must be addressed to ensure vehicle safety. Monetization of SDV platforms and a software-centric business model offer new opportunities for OEMs, Tier 1 hardware providers, and chip providers. Standardizing hardware and addressing cyber vulnerabilities are essential to the automotive life prolongation and the adoption of autonomous driving technology. Cloud-native technologies are also crucial for managing fleet operations, software updates, and security patching.
Market Research Overview
Software-Defined Vehicles (SDVs) represent the future of the automotive industry, offering advanced technologies and capabilities that go beyond conventional vehicles. Unlike traditional vehicles with fixed hardware configurations, SDVs allow for over-the-air updates and online fixes, reducing operational costs and improving vehicle safety. However, these complex software systems also present new challenges, such as cyberattacks and vulnerabilities. SDVs enable features like autonomous driving, navigation, and V2X communication through continuous software updates and security patching. The software-centric business model offers opportunities for monetization and customer engagement, while fleet management and remote diagnostics become more efficient. However, SDVs also face logistical challenges, including standardizing hardware and ensuring cybersecurity and safety protocols. OEMs, technologically advanced vehicle manufacturers, and Tier 1 hardware providers collaborate to address these challenges and create a seamless connected ecosystem. SDVs also include semi-SDVs, which offer a hybrid approach between hardware-centric and software-centric designs. The automotive industry’s digitalization and electrification trends further drive the adoption of SDVs, with electric mobility and hybrid powertrains becoming increasingly popular. Despite the benefits, SDVs also present new challenges, such as cyber threats and vulnerabilities, which require ongoing attention and innovation from the industry. The future of the SDV market lies in advanced technologies, autonomous driving, and the integration of cloud-native technologies and opensource platforms.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
TypeSemi-SDVSDVVehicle TypePassenger CarsCommercial VehiclesGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download multimedia:https://www.prnewswire.com/news-releases/ai-revolutionizes-the-software-defined-vehicle-market-growth-of-usd-76-1-billion-driven-by-autonomous-vehicles-2024-2028–technavio-report-302246475.html
SOURCE Technavio
You may like
Technology
ChipMOS EXPECTS 6.3% FULL YEAR 2024 REVENUE GROWTH, WITH A 5.4% YoY DECEMBER 2024 REVENUE DECLINE AND A 5.7% YoY 4Q24 REVENUE DECLINE
Published
55 minutes agoon
January 10, 2025By
HSINCHU, Jan. 10, 2025 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today reported its unaudited consolidated revenue for the month of December 2024 and for the fourth quarter ended December 31, 2024. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$32.79 to US$1.00 as of December 31, 2024. This would represent full year 2024 revenue growth of approximately 6.3% compared to the full year 2023.
Revenue for the fourth quarter of 2024 was NT$5,399.6 million or US$164.7 million, representing a decrease of 5.7% from the fourth quarter of 2023, and a decrease of 11.0% from the third quarter of 2024. The Company noted that while the quarterly decline reflects macro industry pricing and demand headwinds, the strong full year 2024 revenue growth reflects continued leadership in its core markets.
Revenue for the month of December 2024 was NT$1,780.1 million or US$54.3 million, representing a decrease of 3.0% from November 2024, and a decrease of 5.4% from December 2023.
Consolidated Monthly Revenues (Unaudited)
December 2024
November 2024
December 2023
MoM Change
YoY Change
Revenues
(NT$ million)
1,780.1
1,834.6
1,881.5
-3.0 %
-5.4 %
Revenues
(US$ million)
54.3
55.9
57.4
-3.0 %
-5.4 %
Consolidated Quarterly Revenues (Unaudited)
Fourth Quarter
2024
Third Quarter
2024
Fourth Quarter
2023
QoQ Change
YoY Change
Revenues
(NT$ million)
5,399.6
6,068.0
5,725.4
-11.0 %
-5.7 %
Revenues
(US$ million)
164.7
185.1
174.6
-11.0 %
-5.7 %
About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide.
Forward-Looking Statements:
This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) and in the Company’s other filings with the SEC.
Contacts:
In Taiwan
Jesse Huang
ChipMOS TECHNOLOGIES INC.
+886-6-5052388 ext. 7715
In the U.S.
David Pasquale
Global IR Partners
+1-914-337-8801
View original content:https://www.prnewswire.com/news-releases/chipmos-expects-6-3-full-year-2024-revenue-growth-with-a-5-4-yoy-december-2024-revenue-decline-and-a-5-7-yoy-4q24-revenue-decline-302347705.html
SOURCE ChipMOS TECHNOLOGIES INC.
Technology
16 Press Releases You Need to See This Week
Published
56 minutes agoon
January 10, 2025By
Plus, press release highlights from CES 2025.
NEW YORK, Jan. 10, 2025 /PRNewswire/ — With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
McDonald’s New McValue Platform Is Finally Here
Fans can mix and match with the new Buy One, Add One for $1 offer and fuel up for less with the popular $5 Meal Deal. The brand marks the moment by partnering with John Cena and gifting fans millions of dollars in entertainment, lifestyle promos.ADP National Employment Report: Private Sector Employment Increased by 122,000 Jobs in December; Annual Pay was Up 4.6%
“The labor market downshifted to a more modest pace of growth in the final month of 2024, with a slowdown in both hiring and pay gains,” said Nela Richardson, chief economist, ADP. “Health care stood out in the second half of the year, creating more jobs than any other sector.”Big Lots Closes Sale to Gordon Brothers Retail Partners
Bruce Thorn, Big Lots’ President and Chief Executive Officer, said, “We are pleased to close this strategic transaction, which provides a framework to preserve thousands of jobs, maximize value, and maintain the Big Lots brand.”Globally Renowned Investor and Entrepreneur Kevin O’Leary Joining The People’s Bid for TikTok
The bid aims to purchase TikTok’s U.S. assets and rebuild the platform in a way that prioritizes the privacy of its 170 million American users.NASA to Explore Two Landing Options for Returning Samples from Mars
“Pursuing two potential paths forward will ensure that NASA is able bring these samples back from Mars with significant cost and schedule saving compared to the previous plan,” said NASA Administrator Bill Nelson. “These samples have the potential to change the way we understand Mars, our universe, and – ultimately – ourselves.”Tripadvisor Reveals 2025’s Must-Visit Destinations: Top Picks From Travelers Around the World This year Tripadvisor introduces two new subcategories; Solo Travel Destinations and a special sub-category in celebration of Tripadvisor’s 25th anniversary honoring the Top Destinations of the Last 25 Years based on all time reviews.Ulta Beauty Teams Up with Instacart to Deliver Beauty in a Flash Nationwide
Beauty meets convenience with the largest specialty U.S. beauty retailer now available on Instacart for delivery in as fast as an hour from more than 1,400 stores.Nation’s Top 300 Teen Scientists Selected for Achievements in STEM Innovation and Leadership in Nation’s Oldest and Most Prestigious High School Competition
The 300 scholars will be awarded $2,000 each and their schools will be awarded $2,000 for each enrolled scholar. Scholars were chosen based on their outstanding research, leadership skills, community involvement, commitment to academics, creativity in asking scientific questions and exceptional promise as STEM leaders.$5 Bowls with Five Choices: KFC® Debuts Hot New Lineup of Flavorful Bowls, Including Anticipated Return of Nashville Hot Sauce
Indulge your cravings with a hearty, warm, comforting bowl this winter for just $5 each, making your post-holiday wallet happy. Paramount and Comcast Announce Multi-Year Distribution Agreements
The multi-year deals feature ongoing carriage of Paramount’s networks, including CBS, BET, Comedy Central, MTV, Nickelodeon, Paramount Network and more. Comcast subscribers will also retain access to Paramount’s popular streaming services across Paramount+, Pluto TV and BET+.Michael J. Fox Honored with Presidential Medal of Freedom
President Biden presented Fox with the medal, which honors individuals who have made exemplary contributions to the prosperity, values, or security of the United States, world peace, or other significant societal, public or private endeavors.Hyundai Vehicles Available to “Add to Cart” on Amazon Autos
Car buyers around the U.S. can browse, order and finance any new Hyundai vehicle through a participating Hyundai dealer directly on Amazon Autos, and schedule a pickup from the dealer.The Latest Innovation from CHIPS AHOY! Is…Not A Cookie?! Introducing New CHIPS AHOY! Baked Bites – Bite-Sized Blondies to Satisfy Your Sweet Tooth
Baked into a square shape with a soft and chewy texture inspired by a brownie, CHIPS AHOY! Baked Bites, Blondie variety, are made with delicious, real chocolate chips and no high fructose corn syrup, offering an entirely reimagined CHIPS AHOY! experience. Buffalo thunders back as Zillow’s hottest market for 2025
“Shoppers nationwide should see more options for sale than in recent years, along with slow and steady price growth. That’s the good news. But both buyers and sellers should expect unpredictable mortgage rates,” said Skylar Olsen, Zillow chief economist.Girl Scouts’ 2025 Cookie Season Kicks Off Nationally, Helping Girls Across the Country Unbox Brighter Futures for Themselves
At the close of the 2025 cookie season, two beloved cookie flavors, Girl Scout S’mores® and Toast-Yay!®, will be retired.United Announces Accelerated Timeline for Starlink’s Industry-Leading Connectivity in the Sky
The airline now expects to begin testing Starlink next month with the first commercial flight anticipated to take off this spring on a United Embraer E-175 aircraft. Ultimately, United will add Starlink to its entire fleet.
Read more of the latest releases from PR Newswire.
Do you have a press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.
CES 2025
CES took over Las Vegas — and the wire — this week as companies from a range of industries shared news of their latest consumer technology innovations. From advances in mobility and AI to medtech, smart homes and much more, PR Newswire is here to help journalists and consumers keep track of the announcements tied to the consumer electronics tradeshow.
Here are just a few of the big CES press releases sent this week:
What Not to Miss at CES 2025XREAL Announces Groundbreaking Collaborations at CES 2025EcoFlow Debuts AI-Powered OASIS at CES 2025, Maximizing Energy Savings and Extreme Weather PrepSony Exhibits at CES® 2025Exclusive to CES 2025: Bird Buddy Goes Beyond Birds with New Wonder Nature Tech Product Announcement
Catch up on the latest CES 2025 announcements.
Helping Journalists Stay Up to Date on Industry News
These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.
Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:
Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.
About PR Newswire
PR Newswire is the industry’s leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world.
For questions, contact the team at media.relations@cision.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/16-press-releases-you-need-to-see-this-week-302347612.html
SOURCE PR Newswire
Technology
Inspira™ Preparing Production in Response to Spread of Respiratory Virus in China
Published
56 minutes agoon
January 10, 2025By
RA’ANANA, Israel, Jan. 10, 2025 /PRNewswire/ — Inspira Technologies OXY B.H.N. Ltd. (Nasdaq: IINN) (Nasdaq: IINNW) (“Inspira” or the “Company”), a leader in life-support technology innovation, announced today that it is preparing for a potential production ramp-up of its INSPIRA™ ART100 device. This strategic readiness comes in light of the recent outbreak of human metapneumovirus (hMPV) in China, which has highlighted the growing need for advanced respiratory care technologies globally.
Inspira is already in discussions with leading providers in affected regions to evaluate demand for advance respiratory solutions and deployment of the INSPIRA™ ART100 device, ensuring rapid response capabilities in case of increased demand.
As global health authorities monitor the hMPV outbreak, Inspira™ believes that it is well-positioned to meet potential increased demand for advanced respiratory support systems. Inspira is working closely with suppliers to secure necessary raw materials and components to meet potential demand spikes. The Company is following the hMPV situation globally and working to adjust production plans as needed.
“While hMPV is not a new virus, and experts indicate the current outbreak is part of normal seasonal patterns, Inspira believes in being prepared,” said Dagi Ben-Noon, CEO of Inspira. “Our increased production capacity will help ensure healthcare providers have access to vital respiratory care equipment should the need arise.”
Inspira emphasizes that its preparedness measures are precautionary and align with the Company’s commitment to global health readiness. The Company will work closely with health authorities in affected regions and adjust its plans based on the evolving situation.
Inspira™ Technologies OXY B.H.N. Ltd.
Inspira Technologies is an innovative medical technology company in the life support and respiratory treatment arena. The Company has developed a breakthrough Augmented Respiration Technology (INSPIRA™ ART), a groundbreaking device poised to revolutionize the $19 billion mechanical ventilation market. With 20 million intensive care unit patients with acute respiratory failure each year, many of whom rely on mechanical ventilators, the INSPIRA ART offers a potential alternative by elevating and stabilizing decreasing oxygen saturation levels in minutes without a ventilator, with patients being awake during treatment. The INSPIRA ART is being equipped with a clip-on HYLA™ blood sensor, a real-time continuous blood monitoring technology, aiming to alert physicians of changes in a patient’s condition without the need for intermittent actual blood samples, aiming to support physicians in making informed decisions.
In June and July 2024, respectively, the Company’s INSPIRA™ ART100 system has obtained FDA 510(k) clearance for use in CBP procedures, along with the Israeli AMAR certification for both Extra-Corporeal Membrane Oxygenation and Cardiopulmonary Bypass procedures.
The Company’s other products and technologies, including the INSPIRA ART also known as the INSPIRA™ ART500 or Gen 2, the INSPIRA™ Cardi-ART portable modular device, VORTX™ Oxygen Delivery System, and HYLA™ blood sensor, are currently being designed and developed, and have not yet been tested or used in humans nor approved by any regulatory entity.
For more information, please visit our corporate website at https://inspira-technologies.com
Forward-Looking Statement Disclaimer This press release contains express or implied forward-looking statements pursuant to U.S. Federal securities laws. These forward-looking statements are based on the current expectations of the management of the Company only and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For example, the Company is using forward-looking statements when it discusses the growing need for advanced respiratory care technologies and its ability to adjust its plans to rapidly respond in case of increased demand. These forward-looking statements and their implications are based solely on the current expectations of the Company’s management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Except as otherwise required by law, the Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2023, filed with the U.S. Securities and Exchange Commission (the “SEC”), which is available on the SEC’s website at www.sec.gov.
Contact: Inspira Technologies – Media Relations
Email: info@inspirao2.com
Phone: +972-9-9664485
MRK-ARS-113
Copyright © 2018-2025 Inspira Technologies OXY B.H.N. LTD., All rights reserved.
Logo: https://mma.prnewswire.com/media/1668495/Inspira_Technologies_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/inspira-preparing-production-in-response-to-spread-of-respiratory-virus-in-china-302347881.html
SOURCE Inspira Technologies
ChipMOS EXPECTS 6.3% FULL YEAR 2024 REVENUE GROWTH, WITH A 5.4% YoY DECEMBER 2024 REVENUE DECLINE AND A 5.7% YoY 4Q24 REVENUE DECLINE
16 Press Releases You Need to See This Week
Inspira™ Preparing Production in Response to Spread of Respiratory Virus in China
Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network
Peloton Unveils Holiday 2022 Creative Campaign Highlighting How Motivation Transcends Beyond the Workout
These ’90s fashion trends are making a comeback in 2017
Why You Should Build on #NEAR – Co-founder Illia Polosukhin at CV Labs
Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network
NEAR End of Year Town Hall 2021: The Open Web World, MetaBUILD 2 Hackathon and 2021 recap
Trending
-
Technology5 days ago
Sansui’s Award-Winning AI Gaming Monitor Blends Health and Performance Innovation at CES 2025
-
Technology5 days ago
“Rock a New Era”: Roborock Revolutionises Smart Home Cleaning at CES 2025 with robotic arm equipped Saros Z70
-
Coin Market3 days ago
Toyota’s AI and Robotics-powered ‘Woven City’ set to open this year
-
Technology5 days ago
EcoFlow Debuts AI-Powered OASIS at CES 2025, Maximizing Energy Savings and Extreme Weather Prep
-
Coin Market5 days ago
Mining company MARA lent out 7,377 BTC to third parties in 2024
-
Technology4 days ago
Amorepacific Named CES 2025 Innovation Award Honoree
-
Technology4 days ago
NIKON EXHIBITS AT CES 2025
-
Technology4 days ago
Tencent Cloud Recognized Again in the Gartner® “Competitive Landscape: Video Platform Services” Report, solidifying its Pioneering Position in the Asia-Pacific Market