Technology
LightInTheBox Reports Second Quarter 2024 Financial Results
Published
2 months agoon
By
– Returns to Profitability with Net Income of $0.6 Million –
SINGAPORE, Aug. 2, 2024 /PRNewswire/ — LightInTheBox Holding Co., Ltd. (NYSE: LITB) (“LightInTheBox” or the “Company”), an apparel e-commerce retailer that ships products to consumers worldwide, today announced its unaudited financial results for the second quarter ended June 30, 2024.
“The second quarter of 2024 was a challenging one, with intensified competition and high traffic acquisition costs in the global e-commerce market continuing to weigh on our topline,” said Mr. Jian He, Chairman and CEO of LightInTheBox. “However, our strategic pivot to prioritize profitability proved effective, resulting in a turnaround with net income reaching $0.6 million for the second quarter of 2024 compared with a loss for the same period of last year and the first quarter of this year. Meanwhile, we continued to refine our differentiation strategy with a focus on strengthening localized operations, propelling progress in certain product lines.”
“Encouraged by the outcomes of these initiatives, we will continue to concentrate on overall efficiency and profitability amid the evolving environment. Additionally, we will further upgrade our products, services and customer experience, as well as our localized operations, to differentiate ourselves and build brand recognition and loyalty in this competitive industry. As always, we are committed to driving high-quality development and delivering sustainable value to all stakeholders in the long run,” Mr. He concluded.
Second Quarter 2024 Financial Highlights
Total revenues were $69.4 million in the second quarter of 2024, compared with $191.8 million in the same period of 2023.Net income was $0.6 million in the second quarter of 2024, compared with net loss of $1.5 million in the same period of 2023.Adjusted EBITDA was an income of $1.2 million in the second quarter of 2024, compared with a loss of $0.7 million in the same period of 2023.
First Half 2024 Financial Highlights
Total revenues were $140.5 million in the first half of 2024, compared with $339.5 million in the same period of 2023.Net loss was $3.2 million in the first half of 2024, compared with $5.4 million in the same period of 2023.Adjusted EBITDA was a loss of $1.9 million in the first half of 2024, compared with $3.8 million in the same period of 2023.
Second Quarter 2024 Financial Results
Total revenues decreased by 63.8% year-over-year to $69.4 million from $191.8 million in the same quarter of 2023.
Total cost of revenues was $26.1 million in the second quarter of 2024, compared with $81.6 million in the same quarter of 2023.
Gross profit in the second quarter of 2024 was $43.3 million, compared with $110.2 million in the same quarter of 2023. Gross margin was 62.4% in the second quarter of 2024, compared with 57.5% in the same quarter of 2023.
Total operating expenses in the second quarter of 2024 were $42.7 million, compared with $111.8 million in the same quarter of 2023.
Fulfillment expenses in the second quarter of 2024 were $5.0 million, compared with $9.9 million in the same quarter of 2023. As a percentage of total revenues, fulfillment expenses were 7.2% in the second quarter of 2024, compared with 5.2% in the same quarter of 2023 and 8.1% in the first quarter of 2024.
Selling and marketing expenses in the second quarter of 2024 were $31.5 million, compared with $94.0 million in the same quarter of 2023. As a percentage of total revenues, selling and marketing expenses were 45.5% in the second quarter of 2024, compared with 49.0% in the same quarter of 2023 and 46.0% in the first quarter of 2024.
G&A expenses in the second quarter of 2024 were $6.4 million, compared with $8.2 million in the same quarter of 2023. As a percentage of total revenues, G&A expenses were 9.2% in the second quarter of 2024, compared with 4.3% in the same quarter of 2023 and 10.2% in the first quarter of 2024. As part of G&A expenses, R&D expenses in the second quarter of 2024 were $4.0 million, compared with $5.1 million in the same quarter of 2023 and $4.6 million in the first quarter of 2024.
Income from operations was $0.6 million in the second quarter of 2024, compared with a loss of $1.6 million in the same quarter of 2023.
Net income was $0.6 million in the second quarter of 2024, compared with a loss of $1.5 million in the same quarter of 2023.
Net income per American Depository Share (“ADS”) was $0.01 in the second quarter of 2024, compared with net loss per ADS of $0.01 in the same quarter of 2023. Each ADS represents two ordinary shares. The diluted net income per ADS in the second quarter of 2024 was $0.01, compared with net loss per ADS of $0.01 in the same quarter of 2023.
In the second quarter of 2024, the Company’s basic weighted average number of ADSs used in computing the net income per ADS was 110,342,430.
Adjusted EBITDA was an income of $1.2 million in the second quarter of 2024, compared with a loss of $0.7 million in the same quarter of 2023.
As of June 30, 2024, the Company had cash and cash equivalents and restricted cash of $27.9 million, compared with $71.7 million as of December 31, 2023.
First Half 2024 Financial Results
Total revenues decreased by 58.6% year-over-year to $140.5 million from $339.5 million in the same period of 2023.
Total cost of revenues was $55.8 million in the first half of 2024, compared with $146.9 million in the same period of 2023.
Gross profit in the first half of 2024 was $84.7 million, compared with $192.7 million in the same period of 2023. Gross margin was 60.3% in the first half of 2024, compared with 56.7% in the same period of 2023.
Total operating expenses in the first half of 2024 were $88.1 million, compared with $198.2 million in the same period of 2023.
Fulfillment expenses in the first half of 2024 were $10.8 million, compared with $18.5 million in the same period of 2023. As a percentage of total revenues, fulfillment expenses were 7.7% in the first half of 2024, compared with 5.5% in the same period of 2023.
Selling and marketing expenses in the first half of 2024 were $64.3 million, compared with $163.2 million in the same period of 2023. As a percentage of total revenues, selling and marketing expenses were 45.7% for the first half of 2024, compared with 48.0% in the same period of 2023.
G&A expenses in the first half of 2024 were $13.7 million, compared with $17.2 million in the same period of 2023. As a percentage of total revenues, G&A expenses were 9.7% for the first half of 2024, compared with 5.1% in the same period of 2023. Included in G&A expenses, R&D expenses in the first half of 2024 were $8.6 million, compared with $10.3 million in the same period of 2023.
Loss from operations was $3.4 million in the first half of 2024, compared with $5.6 million in the same period of 2023.
Net loss was $3.2 million in the first half of 2024, compared with $5.4 million in the same period of 2023.
Net loss per American Depository Share (“ADS”) was $0.03 in the first half of 2024, compared with $0.05 in the same period of 2023. Each ADS represents two ordinary shares. The diluted net loss per ADS for the first half of 2024 was $0.03, compared with $0.05 in the same period of 2023.
In the first half of 2024, the Company’s basic weighted average number of ADSs used in computing the net loss per ADS was 110,802,352.
Adjusted EBITDA was a loss of $1.9 million in the first half of 2024, compared with $3.8 million in the same period of 2023.
Non-GAAP Financial Measure
In evaluating the business, the Company considers and uses a non-GAAP measure, Adjusted EBITDA, as a supplemental measure to review and assess operating performance. The presentation of this non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The Company’s non-GAAP financial measure excludes share-based compensation expenses, depreciation and amortization expenses, interest income, interest expenses and income tax expense.
The Company presents this non-GAAP financial measure because it is used by management to evaluate operating performance and formulate business plans. The Company believes that the non-GAAP financial measure helps identify underlying trends in its business. The Company also believes that the non-GAAP financial measure could provide further information about the Company’s results of operations and enhance the overall understanding of the Company’s past performance and future prospects.
The non-GAAP financial measure is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. The non-GAAP financial measure has limitations as an analytical tool. The Company’s non-GAAP financial measure does not reflect all items of income and expenses that affect the Company’s operations and does not represent the residual cash flow available for discretionary expenditures. Further, the non-GAAP measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for the limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. The Company encourages you to review the Company’s financial information in its entirety and not rely on a single financial measure.
For more information on the non-GAAP financial measure, please see the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results” set forth at the end of this press release.
Conference Call
The Company’s management will hold an earnings conference call at 9:00 a.m. Eastern Time on August 2, 2024 (9:00 p.m. Hong Kong/Singapore Time on the same day).
Preregistration Information
Participants can register for the conference call by going to https://s1.c-conf.com/diamondpass/10040986-jh7t5r.html. Upon registration, participants will receive dial-in numbers, an event passcode, and a unique access PIN.
To join the conference, simply dial the number in the calendar invite you receive after preregistering, enter the event passcode followed by your unique access PIN, and you will be connected to the conference instantly.
A telephone replay will be available two hours after the conclusion of the conference call through August 9, 2024. The dial-in details are:
US/Canada: +1-855-883-1031
Singapore: 800-101-3223
Hong Kong, China: 800-930-639
Replay PIN: 10040986
Additionally, a live and archived webcast of the conference call will be available on the Company’s Investor Relations website at http://ir.lightinthebox.com.
About LightInTheBox Holding Co., Ltd.
LightInTheBox is an apparel e-commerce retailer that ships products to consumers worldwide. With a focus on serving its middle-aged and senior customers, LightInTheBox leverages its global supply chain and logistics networks, along with its in-house R&D and design capabilities to offer a wide selection of comfortable, aesthetically pleasing and visually interesting apparel that brings fresh joy to customers. LightInTheBox operates its business through www.lightinthebox.com, www.ezbuy.sg and other websites as well as mobile applications, which are available in over 20 major languages and over 140 countries and regions. The Company is headquartered in Singapore, with additional offices in California, Shanghai and Beijing.
For more information, please visit www.lightinthebox.com.
Investor Relations Contact
Investor Relations
LightInTheBox Holding Co., Ltd.
Email: ir@lightinthebox.com
Jenny Cai
Piacente Financial Communications
Email: lightinthebox@tpg-ir.com
Brandi Piacente
Piacente Financial Communications
Tel: +1-212-481-2050
Email: lightinthebox@tpg-ir.com
Forward-Looking Statements
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets” and similar statements. Among other things, statements that are not historical facts, including statements about LightInTheBox’s beliefs and expectations, the business outlook and quotations from management in this announcement, as well as LightInTheBox’s strategic and operational plans, are or contain forward-looking statements.
LightInTheBox may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: LightInTheBox’s goals and strategies; LightInTheBox’s future business development, results of operations and financial condition; the expected growth of the global online retail market; LightInTheBox’s ability to attract customers and further enhance customer experience and product offerings; LightInTheBox’s ability to strengthen its supply chain efficiency and optimize its logistics network; LightInTheBox’s expectations regarding demand for and market acceptance of its products; competition; fluctuations in general economic and business conditions and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in LightInTheBox’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and LightInTheBox does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
LightInTheBox Holding Co., Ltd.
Unaudited Condensed Consolidated Balance Sheets
(U.S. dollars in thousands, or otherwise noted)
As of December 31,
As of June 30,
2023
2024
ASSETS
Current Assets
Cash and cash equivalents
66,425
25,287
Restricted cash
5,279
2,624
Accounts receivable, net of allowance for credit losses
634
994
Inventories
5,767
4,480
Prepaid expenses and other current assets
6,875
9,098
Total current assets
84,980
42,483
Property and equipment, net
2,789
2,145
Intangible assets, net
3,604
3,089
Goodwill
27,393
26,778
Operating lease right-of-use assets
6,559
6,934
Long-term rental deposits
392
312
Long-term investment
–
74
Other non-current assets
592
–
TOTAL ASSETS
126,309
81,815
LIABILITIES AND EQUITY / (DEFICIT)
Current Liabilities
Accounts payable
15,846
14,227
Advance from customers
17,001
13,258
Operating lease liabilities
5,046
4,049
Accrued expenses and other current liabilities
94,622
61,891
Total current liabilities
132,515
93,425
Operating lease liabilities
1,915
1,650
Deferred tax liabilities
154
150
Unrecognized tax benefits
107
107
TOTAL LIABILITIES
134,691
95,332
EQUITY / (DEFICIT)
Ordinary shares
17
17
Additional paid-in capital
283,137
282,862
Treasury shares
(30,359)
(31,045)
Accumulated other comprehensive loss
(1,856)
(2,823)
Accumulated deficit
(259,321)
(262,528)
TOTAL EQUITY / (DEFICIT)
(8,382)
(13,517)
TOTAL LIABILITIES AND EQUITY / (DEFICIT)
126,309
81,815
LightInTheBox Holding Co., Ltd.
Unaudited Condensed Consolidated Statements of Operations
(U.S. dollars in thousands, except per share data, or otherwise noted)
Three Months Ended June 30,
Six Months Ended June 30,
2023
2024
2023
2024
Revenues
Product sales
189,730
67,152
334,331
134,983
Services and others
2,037
2,210
5,217
5,548
Total revenues
191,767
69,362
339,548
140,531
Cost of revenues
Product sales
(81,142)
(25,513)
(145,318)
(54,583)
Services and others
(435)
(559)
(1,538)
(1,209)
Total Cost of revenues
(81,577)
(26,072)
(146,856)
(55,792)
Gross profit
110,190
43,290
192,692
84,739
Operating expenses
Fulfillment
(9,906)
(5,010)
(18,542)
(10,756)
Selling and marketing
(94,038)
(31,527)
(163,150)
(64,268)
General and administrative
(8,176)
(6,411)
(17,233)
(13,670)
Other operating income
332
277
677
563
Total operating expenses
(111,788)
(42,671)
(198,248)
(88,131)
(Loss) / income from operations
(1,598)
619
(5,556)
(3,392)
Interest income
143
14
173
84
Interest expense
(1)
–
(2)
–
Other (expense) / income, net
(1)
(9)
20
102
Total other income
141
5
191
186
(Loss) / income before income taxes
(1,457)
624
(5,365)
(3,206)
Income tax expense
–
(1)
(48)
(1)
Net (loss) / income
(1,457)
623
(5,413)
(3,207)
Net (loss) / income attributable to
LightInTheBox Holding Co., Ltd.
(1,457)
623
(5,413)
(3,207)
Weighted average numbers of shares used in
calculating (loss) / income per ordinary share
-Basic
226,738,924
220,684,859
226,699,828
221,604,704
-Diluted
226,738,924
221,451,741
226,699,828
221,604,704
Net (loss) / income per ordinary share
-Basic
(0.01)
0.00
(0.02)
(0.01)
-Diluted
(0.01)
0.00
(0.02)
(0.01)
Net (loss) / income per ADS (2 ordinary
shares equal to 1 ADS)
-Basic
(0.01)
0.01
(0.05)
(0.03)
-Diluted
(0.01)
0.01
(0.05)
(0.03)
LightInTheBox Holding Co., Ltd.
Unaudited Reconciliations of GAAP and Non-GAAP Results
(U.S. dollars in thousands, or otherwise noted)
Three Months Ended June 30,
Six Months Ended June 30,
2023
2024
2023
2024
Net (loss) / income
(1,457)
623
(5,413)
(3,207)
Less: Interest income
143
14
173
84
Interest expense
(1)
–
(2)
–
Income tax expense
–
(1)
(48)
(1)
Depreciation and amortization
(826)
(521)
(1,655)
(1,147)
EBITDA
(773)
1,131
(3,881)
(2,143)
Less: Share-based compensation
(78)
(52)
(83)
(276)
Adjusted EBITDA*
(695)
1,183
(3,798)
(1,867)
* Adjusted EBITDA represents net (loss) / income before share-based compensation expense, interest income, interest
expense, income tax expense and depreciation and amortization expenses.
View original content:https://www.prnewswire.com/news-releases/lightinthebox-reports-second-quarter-2024-financial-results-302213370.html
SOURCE LightInTheBox Holding Co., Ltd.
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Augmented Reality Navigation Market worth $6.33 billion by 2029 – Exclusive Report by MarketsandMarkets™
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DELRAY BEACH, Fla., Sept. 20, 2024 /PRNewswire/ — The augmented reality (AR) navigation market is expected to reach USD 6.33 billion by 2029 from USD 1.17 billion in 2024, at a CAGR of 40.3% during the 2024-2029 period according to a new report by MarketsandMarkets™. Multiple companies like Volkswagen (Germany), Mercedes-Benz Group AG and many others are investing is augmented reality (AR) navigation which is increasing the opportunity for growth in the AR navigation market. The AR navigation market is continuously developing, with the presence of multiple players. Currently, the North America region is contributing significantly to the growth of the AR navigation market. Similarly, Asia Pacific, Europe and RoW regions are expected to be the growing market for the forecasted period.
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Browse in-depth TOC on “Augmented Reality Navigation Market”
184 – Tables
61 – Figures
195 – Pages
Augmented Reality Navigation Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 1.17 billion
Estimated Value by 2029
$ 6.33 billion
Growth Rate
Poised to grow at a CAGR of 40.3%
Market Size Available for
2020–2029
Forecast Period
2024–2029
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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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By offering, type, application, end-user industry, and region
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North America, Europe, Asia Pacific, and Rest of World
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Limited user acceptance and familiarity with AR navigation
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Integration of 5G technology with AR navigation
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Integration of AR in automotive systems drives AR navigation market
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AR navigation software dominates the AR navigation market as it plays a vital role in providing a complete and interactive navigation experience. This category includes different types of software, such as AR mapping and localization software, which are essential for accurate positioning and spatial awareness. AR navigation apps use AR technology to give real-time directions and visual guidance, making navigation more user-friendly and engaging. Moreover, AR SDKs (software development kits) allow developers to create custom AR solutions, promoting innovation and growth in the market. AR Cloud solutions provide persistent and shared spatial data, which enhances the accuracy and usefulness of navigation services. Other software solutions, like AR HUD software and AR data visualization software, also support the industry by enhancing navigation capabilities.
Indoor navigation sub-segment of type segment in augmented reality (AR) navigation market is expected to grow at the highest growth rate during the forecast period.
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Augmented reality navigation market in North America has the largest market share in 2023.
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“Our expansion into Florida is driven by the need to provide an easier, more accessible solution for individuals with disabilities,” says Dr. Jackson. “We’re excited to bring our telemedicine platform to Florida, helping residents gain the mobility they deserve without unnecessary delays or inconvenience.”
About HandicapMD: HandicapMD is the nation’s leading telemedicine platform for disabled parking permits, offering services in states across the U.S. The platform connects patients with fully licensed doctors for hassle-free online evaluations, helping them secure disabled parking placards from the comfort of their homes. HandicapMD is committed to improving accessibility for individuals with disabilities and providing exceptional care through its innovative telehealth platform.
For more information, visit handicap placard Florida online.
Contact:
Ena D.
help@handicapmd.com
(833) DMV-3825
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View original content:https://www.prnewswire.com/news-releases/handicapmd-expands-leading-telemedicine-services-for-disabled-parking-permits-in-florida-302253963.html
SOURCE HandicapMD
Technology
Autonomous Mobile Robots (AMR) Market to cross $10 Billion TAM with around 500K AMRs shipment by 2030 – LogisticsIQ
Published
55 mins agoon
September 20, 2024By
NEW DELHI, Sept. 20, 2024 /PRNewswire/ — The global Autonomous Mobile Robots (AMRs) market is poised for significant growth, driven by increasing demand for automation across various sectors, including logistics, manufacturing, and healthcare. According to the latest market research by LogisticsIQ (5th Edition), Autonomous Mobile Robots (AMR) Market to cross $10 Billion TAM by 2030 with a CAGR of ~30% between 2024 and 2030. We expect the installed base of AMRs to reach 2 million units in 2030.
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Key Market Drivers
Increased Efficiency: Businesses are rapidly adopting AMRs to enhance operational efficiency, reduce labour costs, and streamline workflows.Labor Shortages: The ongoing labour shortages in various industries have accelerated the need for automated solutions, making AMRs a crucial investment for companies.Technological Advancements: Innovations in artificial intelligence (AI), machine learning, and sensor technology are making AMRs more capable and reliable.Growing E-Commerce: The rise of e-commerce has created a demand for efficient warehouse management solutions, further boosting the AMR market.
Regional Insights
North America leads the AMR market, accounting for the largest share due to the early adoption of automation technologies. Meanwhile, the Asia-Pacific region, especially China is expected to witness the fastest growth, fuelled by rapid industrialization and increasing investments in smart factories. US and China are going to contribute ~40% of this market by 2030.
Industry Applications
Autonomous mobile robots are being utilized in various applications, including:
Warehouse Automation: AMRs enhance inventory management and order fulfillment processes. This industry is expected to lead with more than 75% share by 2030.Manufacturing: Robots facilitate material handling and assembly line operations. Traditionally, it has been dominated by AGVs but are getting replaced by AMRs due to more flexibility and scalability features.Healthcare: AMRs assist in transporting medical supplies, improving patient care and operational efficiency. It is a niche market but high growing area to focus further.
Purchase the full report on the Autonomous Mobile Robots Market – Growth, Trends, and Forecast
Top Factors & Challenges in the Autonomous Mobile Robots Market
Top Factors Driving Growth
Increased Demand for Automation: Businesses across industries are increasingly seeking automation to enhance efficiency and reduce operational costs.Technological Advancements: Innovations in AI, machine learning, and sensor technologies improve the capabilities and reliability of AMRs, making them more attractive to businesses.Labor Shortages: Ongoing labour shortages, especially in sectors like logistics and manufacturing, are pushing companies to adopt AMRs to maintain productivity.Growth of E-Commerce: The surge in online shopping requires efficient warehouse and logistics solutions, driving the adoption of AMRs for inventory management and order fulfillment.Improved Safety Standards: AMRs can reduce workplace accidents by taking over hazardous tasks, leading to safer working environments.Customization and Scalability: Many AMR solutions offer customizable features that allow businesses to scale operations according to their specific needs.
Top Challenges
High Initial Costs: The upfront investment for AMRs can be substantial, which may deter smaller businesses from adoption.Integration with Existing Systems: Integrating AMRs into current operational workflows and legacy systems can be complex and resource-intensive.Regulatory Compliance: Navigating regulatory requirements and safety standards can pose challenges, especially in highly regulated industries.Limited Awareness and Understanding: Some businesses may lack knowledge about AMR technology and its potential benefits, hindering adoption.Technical Limitations: While technology is advancing, AMRs may still struggle with navigating complex environments or handling unexpected obstacles.Cybersecurity Concerns: As AMRs become more connected, they may be vulnerable to cybersecurity threats, requiring robust security measures.
Know more about Autonomous Mobile Robots Market – Top Players, Cost Analysis, Competition, and Customer Expectation
What will you get in this report?
500 Pages and 160+ Exhibits Market ReportRevenue and Shipment data segmented:By form factor (Deck-load, Tugger/Pull, Forklift)By Navigation (Tape/Wire/Magnet, Reflector, QR Codes, LiDAR, Camera, Sensor, Fusion)By Function (Goods to person (G2P), Person to Goods (P2G), Conveying, Piece picking, Towing, Pallet Handling)By Application (Manufacturing, Logistics and Warehousing, Shipping, Delivery, Cleaning, Security, Hospital, Retail)Detailed excel file with 150+ market tables (Revenue and Shipment) including forecast till 2030A bottom-up analysis of Autonomous Mobile Robots Market for 19 countries (United States, Canada, Germany, UK, France, Italy, Spain, Nordics, China, Japan, South Korea, Australia, India, Taiwan, Thailand, Malaysia, Singapore, Indonesia, Phillippines) in 5 regionsIn-depth analysis of 700 companies in the ecosystem with more than 160 company profiles.Focus Group Discussion with 100+ key industry stakeholders across the value chain to collect the first-hand information to validate our analysis. Stakeholders include components and technology providers, system integrators, robot manufacturers (OEM/ODM), robotic software & service providers, and end-user industry verticals. Apart this, study also focuses on different components and integral parts of Autonomous Mobile Robots like Motion Control, Batteries & Chargers, Cameras / Vision Sensor, LiDAR, Sensor Fusion, QR Code and Wireless Communication.2 Analyst Sessions to brainstorm furtherInvestment details excel file with 175+ M&A and ~1000 funding dealsLogisticsIQ™ Exclusive Market Map (700+ Players across more than 15 categories)
About LogisticsIQ
LogisticsIQ is a dedicated market research and advisory firm in Logistics & Supply Chain sector, empowering decision makers from top fortune 1000 companies, financial and research institutions, private equity and high potential start-ups with market insights to make better decisions. We enable this by analysing the right mix of the best data, the best research methodologies, and the best industry panel to deliver value to our clients.
Media Contact
Name: Sunny M.
Email: sunny@thelogisticsiq.com
Phone: +91-952-918-4938
Photo: https://mma.prnewswire.com/media/2510643/Autonomous_Mobile_Robots_Market.jpg
Logo: https://mma.prnewswire.com/media/2320412/LogisticsIQ_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/autonomous-mobile-robots-amr-market-to-cross-10-billion-tam-with-around-500k-amrs-shipment-by-2030—logisticsiq-302253915.html
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