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Teradyne‘s industrial automation group grew its income 29% year-over-year within the first quarter of 2022 to $103 million. The group consists of AutoGuide Cellular Robots, Energid, Cellular Industrial Robots (MiR) and Common Robots (UR). The businesses generated $80 million in Q1 2021 income.
As typical, UR led the way in which with document Q1 income of $85 million. That’s up 30% when in comparison with income in Q1 2021. UR gross sales in the USA grew 55% within the quarter.
“We’re seeing broad-based progress from many various segments,” Greg Smith, president of Teradyne’s industrial automation group, informed The Robotic Report. “Clients have informed us they’ve been going through labor shortages for the reason that starting of pandemic. Now that they’ve realized these shortages aren’t going to get higher, they’re investing in automation.”
UR gross sales for world welding functions grew greater than 100% in Q1 2022 when in comparison with Q1 2021. Teradyne additionally highlighted UR’s progress in welding functions through the This autumn 2021 earnings name. At the moment, welding functions accounted for greater than 6% of UR gross sales. Teradyne stated that was greater than 3x above 2020 ranges.
“Reporting document Q1 income at a time when companies the world over are going through disruption from the pandemic, provide chain challenges and battle is a testomony to the function collaborative automation can play in serving to our prospects keep aggressive,” stated Kim Nørgaard Andreasen, UR’s chief monetary officer. “Along with document income, we now have been happy this quarter to welcome 80 new staff to our quickly rising firm.
“After we take into account the developments in each societies and companies, the whole lot factors to a rising demand for automation. We’re planning to satisfy this demand, together with beginning work this month on new greater headquarters in Denmark to assist accommodate the corporate’s progress.”
Gross sales of MiR’s autonomous cellular robots (AMRs) grew 22% in Q1 2022 to $17 million. The expansion was on the again of MiR’s newer MiR600 and MiR1350 heavy-payload AMRs and bigger fleets being deployed at buyer websites. MiR generated a complete of $64 million in income in 2021.
Teradyne stated it skilled minor slowdowns in China on account of latest COVID-19 lockdowns and the European Union because of the ongoing warfare between Russia and Ukraine.
“We delivered first quarter outcomes forward of the midpoint of our January outlook as we efficiently resolved some short-term provide constraints at Common Robots,” stated Teradyne president and CEO Mark Jagiela. He continued, “In industrial automation, each cobot demand at Common Robots and autonomous cellular robotic demand at MiR stay robust and we anticipate the income progress price to speed up via the 12 months.”
Teradyne’s industrial automation group generated $376 million in income in 2021. That marked a 34% enhance from the $280 million generated in 2020.
Smith is giving a keynote presentation on the Robotics Summit & Expo. The occasion is targeted on the technical points concerned with the design, improvement, manufacture, and supply of business robots. The Robotics Summit & Expo takes place Could 10-11 on the Boston Conference and Exhibition Heart.
Smith’s keynote, titled “Collaborative Robotics – Resolving the Manufacturing Labor Disaster, Creating New Alternatives,” will focus on the market drivers of human scale automation and current a mannequin of the market potential for collaborative robots to automate uninteresting, soiled and harmful duties. Smith may also share his imaginative and prescient for robotics, the place folks work with robots not like robots. The keynote will happen on Could 11 from 10:00 AM to 10:45 AM.
The Robotics Summit & Expo will characteristic 100-plus exhibitors, 50-plus audio system, the MassRobotics Engineering Profession Honest, a Design for Additive Manufacturing Workshop, and networking receptions. Attendees even have the possibility to check drive Boston Dynamics’ Spot quadruped. Full convention passes are $795, whereas expo-only passes are simply $100. Tutorial reductions can be found and tutorial full convention charges are $295. Register right now.