German car manufacturer visits HoneyNaps, a South Korean sleep tech company, to develop new automotive healthcare applications [Yahoo! Finance]
Toyota Motor Corporation (TM)
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Source: Yahoo! Finance
SEOUL, South Korea May 6, 2024 /PRNewswire/ -- Amid the rapid advancement in automobile healthcare and digital healthcare markets, global car manufacturers are racing to adopt cutting edge healthcare technologies for in-vehicle driver health monitoring. According to global market research firm Precedence Research, the global automotive healthcare system market is continuing to grow at a compounded annual growth rate (CAGR) of approximately 32% since 2022. By 2027, this value is projected to reach around $10 Billion USD HoneyNaps, a company specializing in AI-powered sleep data analysis and diagnosis, recently received a visit from the German headquarters of a major car manufacturer, during which they presented their sleep analysis technology entitled "Healthy Sleep in Cars". HoneyNaps' technological prowess and credibility were bolstered last August with FDA approval for their AI-powered sleep disease analysis algorithm 'SOMNUM'. The recent meeting with the German car manufactu
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