Technology

iRobot Reports First Quarter 2025 Financial Results

Published

12 months ago

May 6, 2025

Global New Product Rollout Continues with High-Impact Launch Events
Company Continues to Execute “iRobot Elevate” Turnaround Strategy

BEDFORD, Mass., May 6, 2025 /PRNewswire/ — iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced its financial results for the first quarter ended March 29, 2025.

“We continued to make meaningful progress on our iRobot Elevate turnaround strategy in the first quarter and initiated the largest new product launch in iRobot’s history,” said Gary Cohen, iRobot CEO. “We are encouraged by the positive reactions from distributors, retailers and consumers, and expect to see an uptick in sales later in the year as availability of our suite of new, technologically innovative Roomba® vacuums and 2-in-1 vacuums and mops expands. As our Board of Directors continues its review of strategic alternatives for our business, we remain focused on executing our proven strategy and delivering the products our customers have come to know and love.”

The Company has achieved a significant reduction in operating expenses and production costs by transforming its R&D and supply chain model to better leverage the Company’s design capabilities and contract manufacturing partnerships. This reinvention of the way iRobot operates has allowed for a greater focus on innovation and improvements to product features, quality, and software. With respect to the current tariff conditions, the majority of the Company’s U.S. imports come from Vietnam and are currently subject to a 10% tariff rate.

“Our first quarter performance reflects what has been a major transitional period for iRobot as we worked to clear our sales channels of legacy product inventory. As we continue to navigate a dynamic macro environment, we expect our new products and lower overall cost structure to drive improved profitability over the long term. We expect to see solid sales traction later this year to support year-over-year revenue growth in 2025, and we remain on track to deliver gross-margin expansion and improved cash flow from operations this year,” concluded Cohen.

Marketing Highlights

In late March and early April 2025, iRobot announced the availability in North America and select European markets its suite of technologically innovative Roomba® vacuums and 2-in-1 vacuums and mops. Media coverage in North America and Europe was impressive with more than 200 pieces of media coverage in some of the world’s most influential tech/consumer outlets, reaching a potential audience (total UVPM/Circulation/Reach) of more than 2.5 billion.On April 16, 2025, iRobot introduced its new product lineup in Japan, engaging with more than 100 media outlets and influencers, resulting in more than 600 pieces of media coverage in one week.On April 23, 2025, iRobot announced the availability of the Roomba® Max 705 Vac Robot + AutoEmpty™ Dock in North America and select European markets.iRobot has continued to receive positive media coverage and product reviews around the world, including in Tom’s Guide US, Engadget US, Vacuum Wars US, The Independent UK, La Voz de Galicia Spain, Les Numeriques France, Fuji News Network and All the Things.

First Quarter 2025 Financial Results (in millions, except per share amounts and percentages)

Q1 2025

Q1 2024

Revenue

$101.6

$150.0

GAAP Gross Margin

20.0 %

24.1 %

Non-GAAP Gross Margin

22.0 %

24.6 %

GAAP Operating Expenses

$66.1

$24.2

Non-GAAP Operating Expenses

$53.8

$76.9

GAAP Operating (Loss) Income*

($45.8)

$11.9

Non-GAAP Operating Loss

($31.5)

($40.0)

GAAP Net (Loss) Income*

($87.3)

$8.6

Non-GAAP Net Loss

($60.0)

($43.0)

GAAP Net (Loss) Income Per Share*

($2.84)

$0.30

Non-GAAP Net Loss Per Share

($1.95)

($1.53)

*Q1 2024 GAAP operating income, GAAP net income and GAAP net income per share included the one-time net termination fee of $75 million received as a result of the termination of the Amazon Merger Agreement.

Additional Financial Highlights

As of March 29, 2025, the Company’s cash and cash equivalents including restricted cash totaled $112.3 million, compared with $138.0 million at the end of the fourth quarter of 2024. During the third quarter of 2024, the Company elected to draw down $40 million from the restricted cash that is set aside for future repayment of its term loan, subject to limited ability of the Company to utilize such amount at the discretion of the lenders for the purchase of inventory. The Company repaid that amount to restricted cash during the first quarter of 2025.As of March 29, 2025, the Company reduced inventory to $69.0 million, compared with $76.0 million at the end of the fourth quarter of 2024.In the first quarter of 2025, revenue decreased 39.9% in the U.S., 26.9% in EMEA, and 20.8% in Japan, respectively, over the prior-year period. Excluding the unfavorable foreign currency impact, Japan revenue decreased 10% and EMEA revenue decreased 24% over the prior-year period. Q1 2025 revenue was impacted by additional promotional spending to stimulate sell-through of legacy products ahead of the Company’s 2025 new product launch, along with ongoing competitive challenges that the Company is addressing with its new product launches.Revenue from mid-tier robots (with an MSRP between $300 and $499) and premium robots (with an MSRP of $500 or more) represented 76% of total robot sales in the first quarter of 2025, compared with 81% in the same period last year.

Ongoing Strategic Review

As previously announced, the Company’s Board of Directors is conducting a review of strategic alternatives, including, but not limited to, exploring a potential sale or strategic transaction, and refinancing the Company’s debt. This review process is ongoing.

The Board has not set a timetable for the conclusion of this review, and there can be no assurance that the exploration of strategic alternatives will result in any transactions or outcomes. The Company does not intend to disclose developments relating to this process until it determines that further disclosure is appropriate or necessary.

The Company remains actively engaged in ongoing collaborative and constructive discussions with its primary lender while the Board continues its strategic review process. On April 30, 2025, the Company further amended its existing term loan to extend the covenant waiver under the term loan to June 6, 2025.

In light of the ongoing strategic review, the Company will not be hosting a first quarter 2025 results earnings conference call and webcast, and will not be providing a 2025 outlook at this time.

About iRobot Corp.

iRobot is a global consumer robot company that designs and builds thoughtful robots and intelligent home innovations that make life better. iRobot introduced the first Roomba robot vacuum in 2002. Today, iRobot is a global enterprise that has sold more than 50 million robots worldwide. iRobot’s product portfolio features technologies and advanced concepts in cleaning, mapping and navigation. Working from this portfolio, iRobot engineers are building robots and smart home devices to help consumers make their homes easier to maintain and healthier places to live. For more information about iRobot, please visit www.irobot.com.

Cautionary Statement Regarding Forward-Looking Statements

This communication contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which relate to, among other things: the Company’s expectations regarding the financial profile and impact of newly launched products in 2025; expectations regarding improved profitability; expectations regarding 2025 product sales and related revenue growth, achievement of gross margin expansion and improved cash flow from operations; the Board’s review of strategic alternatives for the business; and the Company’s business plans and strategies and the anticipated impact thereof. These forward-looking statements are based on the Company’s current expectations, estimates and projections about its business and industry, all of which are subject to change. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “potentially,” “estimate,” “continue,” “expect,” “target,” similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control, and are not guarantees of future results. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: (i) the Company’s ability to obtain capital when desired on favorable terms, if at all; (ii) the Company’s ability to realize the benefits of its operational restructuring; (iii) the impact of various global conflicts on the Company’s business and general economic conditions; (iv) the Company’s ability to implement its business strategy; (v) the risk that disruptions from the operational restructuring will harm the Company’s business, including current plans and operations; (vi) the ability of the Company to retain and hire key personnel; (vii) legislative, regulatory and economic developments affecting the Company’s business; (viii) general economic and market developments and conditions; (ix) the evolving legal, regulatory and tax regimes under which the Company operates; (x) potential business uncertainty, including changes to existing business relationships that could affect the Company’s financial performance; (xi) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities; (xii) current supply chain challenges; (xiii) the financial strength of our customers and retailers; (xiv) the impact of any applicable tariffs on goods imported into the United States; (xv) competition; and (xvi) the results and impact of the Board’s strategic review of alternatives for the business, as well as the Company’s response to any of the aforementioned factors. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” in the Company’s most recent annual and quarterly reports filed with the SEC and any subsequent reports on Form 10-K, Form 10-Q or Form 8-K filed from time to time and available at www.sec.gov. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability and similar risks, any of which could have a material adverse effect on the Company’s financial condition, results of operations, or liquidity. The forward-looking statements included herein are made only as of the date hereof. The Company does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

iRobot Corporation

Consolidated Statements of Operations

(in thousands, except per share amounts)

(unaudited)

For the three months ended

March 29, 2025

March 30, 2024

Revenue

$ 101,569

$ 150,014

Cost of revenue:

Cost of product revenue

79,598

113,913

Restructuring and other

1,658

–

Total cost of revenue

81,256

113,913

Gross profit

20,313

36,101

Operating expenses:

Research and development

14,686

33,878

Selling and marketing

26,051

29,716

General and administrative

19,016

(53,711)

Restructuring and other

6,174

14,146

Amortization of acquired intangible assets

136

172

Total operating expenses

66,063

24,201

Operating (loss) income

(45,750)

11,900

Other expense, net

(41,066)

(3,185)

(Loss) income before income taxes

(86,816)

8,715

Income tax expense

457

108

Net (loss) income

$ (87,273)

$ 8,607

Net (loss) income per share:

Basic

$ (2.84)

$ 0.31

Diluted

$ (2.84)

$ 0.30

Number of shares used in per share calculations:

Basic

30,725

28,171

Diluted

30,725

28,266

Stock-based compensation included in above figures:

Cost of revenue

346

828

Research and development

910

2,897

Selling and marketing

965

1,338

General and administrative

3,093

2,885

Total

$ 5,314

$ 7,948

iRobot Corporation

Condensed Consolidated Balance Sheets

(unaudited, in thousands)

March 29, 2025

December 28, 2024

Assets

Cash and cash equivalents

$ 69,922

$ 134,303

Restricted cash

40,003

1,259

Accounts receivable, net

30,804

49,865

Inventory

68,968

76,029

Other current assets

24,588

27,046

Total current assets

234,285

288,502

Property and equipment, net

12,106

15,835

Operating lease right-of-use assets

13,675

14,322

Deferred tax assets

9,980

9,817

Goodwill

171,548

167,288

Intangible assets, net

3,225

3,212

Other assets

16,690

17,161

Total assets

$ 461,509

$ 516,137

Liabilities and stockholders’ (deficit) equity

Accounts payable

$ 97,298

$ 106,367

Accrued expenses

96,761

100,597

Deferred revenue and customer advances

9,794

11,280

Term loan

224,084

–

Total current liabilities

427,937

218,244

Term loan

–

200,604

Operating lease liabilities

20,348

21,598

Other long-term liabilities

14,017

14,452

Total long-term liabilities

34,365

236,654

Total liabilities

462,302

454,898

Stockholders’ (deficit) equity

(793)

61,239

Total liabilities and stockholders’ (deficit)
equity

$ 461,509

$ 516,137

iRobot Corporation

Consolidated Statements of Cash Flows

(unaudited, in thousands)

For the three months ended

March 29, 2025

March 30, 2024

Cash flows from operating activities:

Net (loss) income

$ (87,273)

$ 8,607

Adjustments to reconcile net (loss) income to net cash used in operating activities:

Depreciation and amortization

2,623

5,812

Loss on equity investment

–

375

Stock-based compensation

5,314

7,948

Provision for inventory excess and obsolescence

384

200

Change in fair value of term loan

25,965

(1,008)

Debt issuance costs expensed under fair value option

11,614

239

Deferred income taxes, net

292

(127)

Other

1,638

(3,452)

Changes in operating assets and liabilities — (use) source

Accounts receivable

20,156

38,565

Inventory

7,434

16,066

Other assets

3,135

6,045

Accounts payable

(9,642)

(74,601)

Accrued expenses and other liabilities

(8,100)

(3,232)

Net cash (used in) provided by operating activities

(26,460)

1,437

Cash flows from investing activities:

Additions of property and equipment

–

(118)

Purchase of investments

(8)

–

Net cash used in investing activities

(8)

(118)

Cash flows from financing activities:

Income tax withholding payment associated with restricted stock vesting

(84)

(390)

Proceeds from issuance of common stock, net of issuance costs

–

5,632

Repayment of term loan

–

(34,947)

Payment of debt issuance costs

–

(239)

Net cash used in financing activities

(84)

(29,944)

Effect of exchange rate changes on cash, cash equivalents and restricted cash

922

882

Net decrease in cash, cash equivalents and restricted cash

(25,630)

(27,743)

Cash, cash equivalents and restricted cash, at beginning of period

137,951

187,887

Cash, cash equivalents and restricted cash, at end of period

$ 112,321

$ 160,144

Cash, cash equivalents and restricted cash, at end of period:

Cash and cash equivalents

$ 69,922

$ 118,356

Restricted cash

40,003

40,012

Restricted cash, non-current (included in other assets)

2,396

1,776

Cash, cash equivalents and restricted cash, at end of period

$ 112,321

$ 160,144

iRobot Corporation

Supplemental Information

(unaudited)

For the three months ended

March 29, 2025

March 30, 2024

Revenue by Geographical Region *

United States

$ 41,440

$ 68,896

EMEA

32,947

45,088

Japan

21,949

27,718

Other

5,233

8,312

Total

$ 101,569

$ 150,014

Robot Units Shipped *

Solo and other

267

2-in-1

312

189

Total

410

456

Revenue by Product Category **

Solo and other

$ 36

$ 94

2-in-1

Total

$ 102

$ 150

Average gross selling prices for robot units

$ 296

$ 346

Headcount

530

1,058

* in thousands

** in millions

Certain numbers may not total due to rounding

iRobot Corporation
Explanation of Non-GAAP Measures

In addition to disclosing financial results in accordance with U.S. GAAP, this earnings release contains references to the non-GAAP financial measures described below. We use non-GAAP measures to internally evaluate and analyze financial results. We believe these non-GAAP financial measures provide investors with useful supplemental information about the financial performance of our business, enable comparison of financial results between periods where certain items may vary independent of business performance, and enable comparison of our financial results with other public companies, many of which present similar non-GAAP financial measures.

Our non-GAAP financial measures reflect adjustments based on the following items. These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations from these results should be carefully evaluated.

Amortization of Acquired Intangible Assets: Amortization of acquired intangible assets consists of amortization of intangible assets including completed technology, customer relationships, and reacquired distribution rights acquired in connection with business combinations as well as any non-cash impairment charges associated with intangible assets in connection with our past acquisitions. Amortization charges for our acquisition-related intangible assets are inconsistent in size and are significantly impacted by the timing and valuation of our acquisitions. We exclude these charges from our non-GAAP measures to facilitate an evaluation of our current operating performance and comparisons to our past operating performance.

Net Merger, Acquisition and Divestiture (Income) Expense: Net merger, acquisition and divestiture (income) expense primarily consists of transaction fees, professional fees, and transition and integration costs directly associated with mergers, acquisitions and divestitures, including with respect to the iRobot-Amazon Merger. It also includes business combination adjustments including adjustments after the measurement period has ended. During the first quarter of fiscal 2024, the adjustment included the one-time net termination fee received as a result of the termination of the iRobot-Amazon Merger. The occurrence and amount of these costs will vary depending on the timing and size of these transactions. We exclude these charges from our non-GAAP measures to facilitate an evaluation of our current operating performance and comparisons to our past operating performance.

Stock-Based Compensation: Stock-based compensation is a non-cash charge relating to stock-based awards. We exclude this expense as it is a non-cash expense, and we assess our internal operations excluding this expense and believe it facilitates comparisons to the performance of other companies.

Restructuring and Other: Restructuring charges are related to one-time actions associated with realigning resources, enhancing operational productivity and efficiency, or improving our cost structure in support of our strategy. Such actions are not reflective of ongoing operations and include costs primarily associated with severance and related costs, charges related to paused work unrelated to our core business, costs associated with the Chief Executive Officer transition and other non-recurring costs directly associated with resource realignments tied to strategic initiatives or changes in business conditions. We exclude these items from our non-GAAP measures when evaluating our recent and prospective business performance as such items vary significantly based on the magnitude of the action and do not reflect anticipated future operating costs. In addition, these charges do not necessarily provide meaningful insight into the fundamentals of current or past operations of our business.

Gain/Loss on Strategic Investments: Gain/loss on strategic investments includes fair value adjustments, realized gains and losses on the sales of these investments and losses on the impairment of these investments. We exclude these items from our non-GAAP measures because we do not believe they correlate to the performance of our core business and may vary in size based on market conditions and events. We believe that the exclusion of these gains or losses provides investors with a supplemental view of our operational performance.

Debt Issuance Costs: Debt issuance costs include various incremental fees paid to third parties and warrants issued in connection with the issuance or amendment of debt. We exclude these charges from our non-GAAP measures to facilitate an evaluation of our current operating performance and comparisons to our past operating performance.

Income Tax Adjustments: Income tax adjustments include the tax effect of the non-GAAP adjustments, calculated using the appropriate statutory tax rate for each adjustment. We regularly assess the need to record valuation allowances based on the non-GAAP profitability and other factors. We also exclude certain tax items, including the impact from stock-based compensation windfalls/shortfalls, which are not reflective of income tax expense incurred as a result of current period earnings. We believe disclosure of the income tax provision before the effect of such tax items is important to permit investors’ consistent earnings comparison between periods.

iRobot Corporation

Supplemental Reconciliation of GAAP Actuals to Non-GAAP Actuals

(in thousands, except per share amounts)

(unaudited)

For the three months ended

March 29, 2025

March 30, 2024

GAAP Revenue

$ 101,569

$ 150,014

GAAP Gross Profit

$ 20,313

$ 36,101

Stock-based compensation

346

828

Restructuring and other

1,658

–

Non-GAAP Gross Profit

$ 22,317

$ 36,929

GAAP Gross Margin

20.0 %

24.1 %

Non-GAAP Gross Margin

22.0 %

24.6 %

GAAP Operating Expenses

$ 66,063

$ 24,201

Amortization of acquired intangible assets

(136)

(172)

Stock-based compensation

(4,968)

(7,120)

Net merger, acquisition and divestiture (expense) income

(949)

74,117

Restructuring and other

(6,174)

(14,146)

Non-GAAP Operating Expenses

$ 53,836

$ 76,880

GAAP Operating Expenses as a % of GAAP Revenue

65.0 %

16.1 %

Non-GAAP Operating Expenses as a % of Non-GAAP Revenue

53.0 %

51.2 %

GAAP Operating (Loss) Income

$ (45,750)

$ 11,900

Amortization of acquired intangible assets

136

172

Stock-based compensation

5,314

7,948

Net merger, acquisition and divestiture expense (income)

949

(74,117)

Restructuring and other

7,832

14,146

Non-GAAP Operating Loss

$ (31,519)

$ (39,951)

GAAP Operating Margin

(45.0) %

7.9 %

Non-GAAP Operating Margin

(31.0) %

(26.6) %

iRobot Corporation

Supplemental Reconciliation of GAAP Actuals to Non-GAAP Actuals continued

(in thousands, except per share amounts)

(unaudited)

For the three months ended

March 29, 2025

March 30, 2024

GAAP Income Tax Expense

$ 457

$ 108

Tax effect of non-GAAP adjustments

601

Other tax adjustments

(131)

(192)

Non-GAAP Income Tax Expense

$ 374

$ 517

GAAP Net (Loss) Income

$ (87,273)

$ 8,607

Amortization of acquired intangible assets

136

172

Stock-based compensation

5,314

7,948

Net merger, acquisition and divestiture expense (income)

949

(74,117)

Restructuring and other

7,832

14,146

Loss on strategic investments

–

375

Debt issuance costs

13,009

239

Income tax effect

(409)

Non-GAAP Net Loss

$ (59,950)

$ (43,039)

GAAP Net (Loss) Income Per Diluted Share

$ (2.84)

$ 0.30

Amortization of acquired intangible assets

0.01

Stock-based compensation

0.17

0.28

Net merger, acquisition and divestiture expense (income)

0.03

(2.63)

Restructuring and other

0.26

0.50

Loss on strategic investments

–

0.01

Debt issuance costs

0.42

0.01

Income tax effect

–

(0.01)

Non-GAAP Net Loss Per Diluted Share

$ (1.95)

$ (1.53)

Number of shares used in diluted per share calculation

30,725

28,171

Supplemental Information

Days sales outstanding

GAAP Days in inventory

107

Non-GAAP Days in inventory(1)

108

(1) Non-GAAP Days in inventory is calculated as inventory divided by (Revenue minus Non-GAAP Gross Profit), multiplied by 91 days.

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SOURCE iRobot Corporation

Technology

Ajinomoto Build-up Film Market worth $49.63 billion by 2032 – Exclusive Report by MarketsandMarkets™

Published

2 hours ago

April 23, 2026

DELRAY BEACH, Fla., April 23, 2026 /PRNewswire/ — According to MarketsandMarkets™, the global Ajinomoto build-up film market is valued at USD 11.56 billion in 2026 and is projected to reach USD 49.63 billion by 2032, registering a CAGR of 27.5% during the forecast period.

Browse 40 market data Tables and 30 Figures spread through 80 Pages and in-depth TOC on “Ajinomoto Build-up Film Market – Global Forecast to 2032”

Ajinomoto Build-up Film Market Size & Forecast:

Market Size Available for Years: 2021–20322026 Market Size: USD 11.56 billion2032 Projected Market Size: USD 49.63 billionCAGR (2026–2032): 27.5%

Ajinomoto Build-up Film Market Trends & Insights:

The Ajinomoto build-up film market is a critical segment of the advanced semiconductor packaging ecosystem, driven by rising demand for high-performance computing, AI-enabled devices, and data center infrastructure. ABF is a key dielectric material in FC-BGA substrates, enabling high-density interconnects, superior electrical performance, and the thermal stability required for next-generation processors and GPUs. The market is witnessing steady growth due to rising chip complexity, miniaturization trends, and the transition toward advanced packaging technologies such as chiplets and heterogeneous integration.By application, the organic interposer industry is expected to grow at the highest CAGR of 31.1% during the forecast period.By region, Asia Pacific is expected to dominate the market, accounting for the largest market share of 50.7% in 2026.

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The Ajinomoto build-up film (ABF) market is projected to witness strong growth over the forecast period, driven by rising demand for high-performance, energy-efficient semiconductor packaging solutions. The increasing adoption of advanced computing technologies, including artificial intelligence (AI), high-performance computing (HPC), and data center infrastructure, is significantly accelerating demand for ABF substrates, which offer superior electrical insulation, thermal stability, and fine-line circuit formation. These materials are critical in enabling complex chip architectures used in servers, GPUs, and advanced processors. Additionally, the rapid proliferation of consumer electronics such as smartphones, laptops, and gaming devices, along with the expansion of 5G and IoT ecosystems, is further contributing to market growth by increasing the demand for high-density packaging solutions.

Increasing investments in semiconductor manufacturing capacity, particularly in the Asia Pacific and North America, are creating new growth opportunities for ABF suppliers. Furthermore, advancements in material science and process technologies are enabling enhanced performance characteristics, supporting next-generation chip designs.

The advanced semiconductor package substrate segment is expected to dominate the market by application during the forecast period.

Advanced semiconductor package substrate is the dominant application segment in the Ajinomoto build-up film market, driven by the escalating performance requirements of next-generation integrated circuits. ABF is a critical material used in FC-BGA (Flip Chip Ball Grid Array) substrates, which are extensively deployed in high-performance processors, GPUs, networking chips, and AI accelerators. Furthermore, the rapid expansion of data centers, cloud computing, and AI workloads is significantly boosting demand for advanced packaging substrates, thereby directly accelerating ABF consumption. Leading chip manufacturers and outsourced semiconductor assembly and test (OSAT) providers are increasingly investing in advanced substrate technologies to support high-speed data transmission and improved power efficiency. The ongoing transition toward chiplet architectures and 2.5D/3D packaging is also driving incremental demand for ABF-based substrates, as these technologies require higher interconnect density and improved signal integrity.

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North America is expected to grow at the fastest CAGR during the forecast period.

North America is expected to register the fastest CAGR in the Ajinomoto build-up film industry, driven by strong momentum in advanced semiconductor design, data center expansion, and strategic policy support for domestic chip manufacturing. The region hosts a high concentration of leading semiconductor companies, hyperscalers, and AI chip developers, which are significantly increasing demand for high-performance packaging substrates utilizing ABF materials. The rapid growth of AI, high-performance computing (HPC), and cloud infrastructure is accelerating the deployment of advanced processors and GPUs, thereby driving substantial demand for ABF-based FC-BGA substrates. Moreover, increasing collaboration between semiconductor companies, research institutions, and packaging players is fostering innovation in substrate technologies in the region.

Key Players

Leading players in the global Ajinomoto build-up film companies include Ajinomoto Co., Inc. (Japan), Sekisui Chemical Co., Ltd. (Japan), Waferchem Technology (Taiwan), Taiyo Holdings Co., Ltd. (Japan), and Nippon Kayaku Co., Ltd. (Japan), among others.

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Technology

Firefighting Aircraft Market to Reach $27.2 billion, Globally, by 2040 at 6.9% CAGR: Allied Market Research

Published

2 hours ago

April 23, 2026

WILMINGTON, Del., April 23, 2026 /PRNewswire/ — Allied Market Research published a report, titled, ‘Firefighting Aircraft Market by Aircraft Type (Fixed Wing or Airplanes, Rotorcraft or Helicopters), Tank Capacity (Less than 10,000 litres, 10,000 to 30,000 litres, More than 30,000 litres), Maximum Takeoff Weight (Less than 8,000 kg, 8,000 to 30,000 kg, More than 30,000 kg), and Range (Less than 1,000 km, 1,000 to 3,000 km, More than 3,000 km): Global Opportunity Analysis and Industry Forecast, 2025-2040.’ According to the report, the firefighting aircraft market was valued at $9.5 billion in 2024, and is estimated to reach $27.2 billion by 2040, growing at a CAGR of 6.9% from 2025 to 2040.

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Prime determinants of growth

The firefighting aircraft market is expected to witness notable growth owing to use of aircraft to extinguish wildfire, increase in fire-related incidents in the oil & gas industry and increase in wildfire incidents. Moreover, surge in contracts and agreements for long-term businesses and technological advancements in firefighting aircraft are expected to provide lucrative opportunities for the growth of the market during the forecast period. On the contrary, high capital requirement and delayed delivery of aircraft limit the growth of the firefighting aircraft market

Report coverage & details:

Report Coverage

Details

Forecast Period

2025–2034

Base Year

2024

Market Size in 2024

$9.5 billion

Market Size in 2034

$27.2 billion

CAGR

6.9 %

No. of Pages in Report

391

Segments covered

Aircraft Type, Tank Capacity, Maximum Takeoff Weight, and Range

Drivers

Use of Aircraft to Extinguish Wildfire

Increase in Fire-related Incidents in the Oil & Gas Industry

Increase in Wildfire Incidents

Opportunities

Surge in contracts and agreements for long-term businesses

Technological advancements in firefighting aircraft

Restraints

Delayed Delivery of Aircraft

High Capital Requirement

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The less than 8000 KG segment to maintain its leadership status throughout the forecast period.

By maximum takeoff weight, the less than 8000 kg segment is expected to hold the highest market share in 2024, accounting for nearly three-fifths of the global firefighting aircraft market revenue and is estimated to maintain its leadership status throughout the forecast period. This dominance is driven by the widespread use of lightweight firefighting aircraft for rapid deployment, especially in rugged terrains and remote areas were larger aircraft face operational limitations.

The rotorcraft or helicopters segment to maintain its leadership status throughout the forecast period

By aircraft type, the rotorcraft or helicopters segment is expected to hold the highest market share in 2024, accounting for nearly half of the global firefighting aircraft market and is estimated to maintain its leadership status throughout the forecast period. This segment’s dominance is attributed to the helicopters’ exceptional versatility, ability to access hard-to-reach fire zones, and effectiveness in water bucket operations and precision drops.

The less than 10,000 litres segment to maintain its leadership status throughout the forecast period

By tank capacity, the less than 10,000 litres segment is expected to hold the highest market share in 2024, accounting for nearly one-third of the global firefighting aircraft market and is estimated to maintain its leadership status throughout the forecast period. This segment’s dominance is attributed to the high demand for agile and cost-effective firefighting solutions that can quickly access fire-prone regions with limited infrastructure. These aircraft are ideal for initial attack operations, enabling rapid response and containment of wildfires before they escalate.

The 1000 to 3000 km segment to maintain its leadership status throughout the forecast period

By range, the 1000 to 3000 km segment is expected to hold the highest market share in 2024, accounting for nearly two-fifths of the global firefighting aircraft market and is estimated to maintain its leadership status throughout the forecast period. Owing to their optimal balance between operational reach and fuel efficiency, aircraft in this range category are well-suited for regional firefighting missions. They can cover large areas without frequent refuelling stops, allowing for sustained firefighting operations across multiple hotspots.

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North America dominated the market in 2024

By Region, North America region generated the largest share in 2023, accounting for more than two-fifth of the global firefighting aircraft market and is estimated to maintain its leadership status throughout the forecast period. Owing to the increasing frequency and severity of wildfires in countries like the United States and Canada, there is a heightened demand for advanced aerial firefighting capabilities. The presence of well-established firefighting infrastructure, substantial government funding, and continuous investment in upgrading aircraft fleets with modern technologies further supports the region’s dominance.

Leading Market Players: –

SAABShinMaywa Industries, Ltd.COULSON GROUPConair Aerial FirefightingLockheed Martin CorporationKaman CorporationAIRBUSTextron, Inc.Leonardo S.p.A.De HavillandAircraft of Canada Limited

The report provides a detailed analysis of these key players in the global firefighting aircraft market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in country. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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Technology

DC High Power Charger Market to Reach $64.16 Billion by 2031, Driven by EV Fast Charging Demand | Valuates Reports

Published

2 hours ago

April 23, 2026

BANGALORE, India, April 23, 2026 /PRNewswire/ —

What is the Market Size of DC High Power Chargers?

The global market for DC High Power Charger was valued at USD 28450 Million in the year 2024 and is projected to reach a revised size of USD 64160 Million by 2031, growing at a CAGR of 12.5% during the forecast period.

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What are the key factors driving the growth of the DC High Power Charger Market?

The DC high power charger market is expanding as charging networks shift from basic availability to corridor-grade reliability, faster vehicle turnaround, and higher site throughput. Market momentum is being shaped by rising expectations for short dwell times, broader deployment of long-distance electric mobility, and operator preference for charging assets that can serve multiple vehicle classes with stronger utilization. Commercial site owners, fleet-linked destinations, highway operators, and urban fast-charging hubs are prioritizing systems that reduce queue pressure and improve charger productivity. The market is also benefiting from tighter integration between charging hardware, power management, payment layers, and network operations, which is pushing procurement toward scalable, service-oriented, and uptime-focused infrastructure strategies.

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TRENDS INFLUENCING THE GROWTH OF THE DC HIGH POWER CHARGER MARKET:

The above-range high power charger category is driving market growth by enabling charging networks to serve premium long-range electric vehicles, high-traffic transport corridors, and locations where turnaround speed directly affects utilization. This segment strengthens the business case for fast-charging hubs because it supports shorter charging sessions, reduces congestion during peak periods, and improves site economics in spaces with limited parking turnover. It is also becoming important for operators that want future-ready assets capable of handling next-generation vehicle architectures and larger battery packs. As charging demand shifts from occasional top-up behavior to travel-critical infrastructure, this segment is reinforcing investment in high-capacity sites built for throughput, network reputation, and long-term competitive positioning.

The lower fast-charging band continues to drive market growth by giving operators a practical route to scale charging access across cities, retail zones, workplaces, parking destinations, and intercity routes without the heavier power burden associated with ultra-high-capacity systems. This segment is attractive because it balances charging speed, site economics, grid compatibility, and installation flexibility, making it suitable for broader rollout strategies. It supports use cases where drivers need meaningful recharge within a manageable stop duration while allowing network owners to expand footprint across more locations. Its importance remains strong because market growth depends not only on the fastest chargers, but also on the widespread availability of dependable fast charging that can serve everyday electric mobility patterns efficiently.

Battery electric vehicles are the strongest application-side driver for the DC high power charger market because they depend directly on public fast-charging availability for long-distance travel, high-mileage usage, and confidence beyond home charging access. As the BEV base expands across private ownership, commercial mobility, ride-linked operations, and corporate fleets, the requirement for rapid and dependable public charging grows with it. BEV users place greater importance on route continuity, charging speed, and network accessibility, which lifts demand for higher-power infrastructure across both urban and highway locations. This application segment is shaping charger deployment priorities, site design, and capacity planning, making BEV growth the central demand engine behind fast-charging network expansion.

Expansion along highways and major transit corridors is a major growth factor because DC high power chargers are increasingly being positioned as mobility infrastructure rather than optional convenience assets. Corridor deployment helps eliminate range anxiety during longer trips and supports intercity travel behavior that slower charging formats cannot address effectively. Operators are prioritizing locations that connect urban centers, logistics routes, and destination clusters, which increases demand for chargers designed for rapid turnover and dependable uptime. This corridor-led pattern is pushing the market toward larger-format charging sites, better traffic handling, and stronger service consistency, all of which expand the addressable market for high power charging systems.

Fleet electrification is accelerating market growth because commercial operators need charging systems that minimize idle time and keep vehicles in active service. Delivery fleets, mobility operators, shuttle services, and institutional vehicle pools increasingly require fast and repeatable charging windows that align with operating schedules rather than residential charging behavior. DC high power chargers fit this requirement by supporting tighter turnaround cycles and reducing the operational friction associated with battery replenishment. As fleet managers evaluate route efficiency, asset utilization, and depot or public charging dependency, demand rises for charging infrastructure that can sustain predictable service levels under high daily use conditions.

A strong focus on site throughput is driving investment in DC high power charging because network owners are under pressure to serve more vehicles per location without expanding physical footprint excessively. Faster charging capability improves stall turnover, lowers queue buildup, and supports better revenue generation from high-demand sites. This matters especially in transport nodes, dense urban areas, retail destinations, and highway hubs where land, grid access, and parking efficiency shape infrastructure decisions. The market is therefore moving toward charger configurations that maximize service output per site, making high power systems increasingly attractive for operators seeking stronger utilization and improved network economics.

Retail centers, fuel-linked destinations, hospitality properties, and mixed-use sites are contributing to market growth as they treat fast charging as a traffic-generation and dwell-time optimization tool. DC high power chargers help these locations capture EV users who value convenience, short stop durations, and route-based charging access. For site hosts, the charger becomes more than an energy asset; it becomes a customer acquisition and retention instrument tied to visit quality and spending behavior. This commercial logic is expanding the market beyond dedicated charging operators and bringing in a wider base of property owners that want to participate in EV traffic capture through faster on-site charging capability.

Grid-aware deployment is also driving the market because charging providers are increasingly choosing solutions that balance high charging output with smarter power allocation across multiple dispensers and site conditions. As projects move from isolated installations to networked charging hubs, infrastructure decisions are being shaped by load sharing, demand management, and site-level power optimization. DC high power chargers are benefiting from this shift because they are often deployed within broader energy-managed systems that improve charger performance without wasting available capacity. This planning approach helps unlock more viable project locations and supports scalable charger deployment in areas where raw electrical capacity alone may otherwise restrict rollout.

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What are the major types in the DC High Power Charger Market?

50kw-150kw150kw-350kw350kw Above

What are the main applications of the DC High Power Charger Market?

Plug-in Hybrid Electric VehicleBattery Electric Vehicle

Key Players in the DC High Power Charger Market

Eaton provides DC fast charging infrastructure and electrical systems supporting high-power EV charging and fleet electrification.ABB develops high-power DC fast chargers widely deployed in public, commercial, and highway EV charging networks.XCharge Inc. designs high-power DC charging systems, including solutions integrated with energy storage for EV infrastructure.BYD manufactures electric vehicles and produces DC fast charging equipment as part of its integrated e-mobility ecosystem.Fastned operates a network of high-power DC fast charging stations across Europe powered by renewable energy.IES Synergy develops DC fast charging stations and smart energy management solutions for EV infrastructure.EVgo operates a large public DC fast-charging network, providing high-power charging services for electric vehicles.EVBox supplies DC fast charging stations and scalable EV charging infrastructure solutions for commercial and public use.Siemens offers high-power EV charging systems integrated with smart grid and energy management technologies.Allego BV operates ultra-fast DC charging networks across Europe for public and fleet electric vehicle charging.Phoenix Contact manufactures EV charging hardware, including DC fast chargers and power electronics components.Tesla Inc. operates a global Supercharger network featuring high-power DC charging technology for rapid EV charging.GARO develops EV charging equipment, including DC fast chargers for residential, commercial, and public applications.Ensto Group provides EV charging systems, including DC fast chargers integrated with intelligent energy solutions.ChargePoint operates a large global EV charging network and supplies DC fast charging solutions for multiple use cases.Leviton manufactures EV charging infrastructure and electrical components supporting DC fast charging installations.Blink (Blink Charging) provides EV charging equipment and network services, including DC fast charging stations.Schneider Electric delivers integrated EV charging solutions, including high-power DC chargers within its energy management portfolio.General Electric develops power conversion and electrical infrastructure technologies that support DC fast charging systems.AeroVironment supplies EV charging systems, including fast charging solutions for commercial and industrial applications.Panasonic supports EV charging infrastructure through battery technology and energy systems integration.Chargemaster (BP Pulse) operates rapid and ultra-fast DC charging networks across multiple regions.Auto Electric Power Plant provides EV charging equipment and DC fast charging solutions for industrial and commercial applications.

Which region dominates the DC High Power Charger Market?

Asia-Pacific remains a major growth center due to rapid electric vehicle adoption, urban charging pressure, and strong manufacturing-linked ecosystem development across key mobility markets. In other regions, growth is emerging through selective corridor projects, city-based fast-charging hubs, and early network formation around high-traffic routes.

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What are some related markets to the DC High Power Charger Market?

The global Vehicle-to-Grid Technology market is projected to grow from USD 805.1 Million in 2024 to USD 3236.9 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 26.1% during the forecast period.EV Charging Connectors Market EV Home AC Charger MarketThe global Split Type DC Ultra-fast Charging System market was valued at USD 1592 Million in 2025 and is anticipated to reach USD 5210 Million by 2032, at a CAGR of 18.7% from 2026 to 2032.The global market for Wireless EV Charging System was valued at USD 325 Million in the year 2024 and is projected to reach a revised size of USD 1049 Million by 2031, growing at a CAGR of 18.5% during the forecast period.The global market for Electric Vehicle Battery-Swapping was valued at USD 1239 Million in the year 2024 and is projected to reach a revised size of USD 3189 Million by 2031, growing at a CAGR of 14.4% during the forecast period.The global market for Megawatt Battery Energy Storage System was valued at USD 1251 Million in the year 2024 and is projected to reach a revised size of USD 2549 Million by 2031, growing at a CAGR of 10.7% during the forecast period.EV Power Electronics Controller Unit MarketThe global GaN and SiC Power Semiconductor market size was USD 5279 Million in 2024 and is forecast to a readjusted size of USD 21056 Million by 2031 with a CAGR of 21.0% during the forecast period 2025-2031.Microgrid Management System MarketThe global market for EV DC Chargers was valued at USD 3729 Million in the year 2024 and is projected to reach a revised size of USD 14480 Million by 2031, growing at a CAGR of 21.7% during the forecast period.

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