Teradyne’s robotics group makes $376M in 2021

Teradyne’s robotics group makes 6M in 2021

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Teradyne’s robotics group makes 6M in 2021

Teradyne’s industrial automation group, which incorporates AutoGuide Cell Robots, Energid, Cell Industrial Robots and Common Robots, generated $376 million in income in 2021. That marks a 34% enhance from the $280 million generated in 2020.

Common Robots (UR) elevated gross sales 41% for the 12 months, whereas Cell Industrial Robots (MiR) grew gross sales 42% in 2021. Income for AutoGuide Cell Robots declined and was beneath $2 million, and Energid’s is lumped in with UR’s collaborative robotic arms.

Teradyne mentioned it expects its industrial automation enterprise to “energy together with 35% plus progress” in 2022.

Here’s a recap of the group’s revenues for every quarter of the final two years:

Teradyne Industrial Automation Income 2020-2021

2020 Income ($M) 2021 Income ($M) Improve
Q1 60 Q1 80 33%
Q2 59 Q2 92 56%
Q3 69 Q3 91 32%
Q3 92 This autumn 113 23%
Whole = $280M Whole = $376M 34%

Common Robots units information

UR itself generated a report $311 million in income in 2021, which accounts for almost 83% of all income for Teradyne’s industrial automation group. UR’s income elevated 41% over 2020 ($220 million) and 23% up on pre-pandemic ends in 2019.

Teradyne’s earnings name highlighted the expanded use of UR’s cobot arms in welding purposes. Welding purposes now account for greater than 6% of UR gross sales. Teradyne mentioned that’s greater than 3x above 2020 ranges.

Common Robots Income 2021

Quarter Income ($M)
Q1 60
Q2 76
Q3 78
This autumn 97
Whole = $311M

“Common Robots has had a fantastic 12 months,” mentioned UR president Kim Polvsen.”In an organization like ours, which manufactures refined {hardware} to prime quality requirements, this type of progress requires super dedication from all concerned. Our manufacturing workforce in Denmark has damaged inside information for the variety of cobots constructed, producing 400 cobots in a single week in This autumn. Our provide chain consultants have labored laborious to maintain our enterprise working easily regardless of international provide challenges.”

UR generated $97 million in income in This autumn, its largest quarterly income quantity ever. That marks a 22% enhance on This autumn 2020 and 28% up on This autumn 2019.

“Our progress is pushed by a number of long-term traits, together with workforce shortages and
rising consciousness of the contribution automation could make to productiveness,” Povlsen mentioned. “In addition to reaching new shoppers, we see repeat enterprise from producers extending their use of cobots after seeing the impression of the expertise.”

MiR

MiR generated a complete of $64 million in income in 2021. Its greatest vendor was the MiR250, however its greater payload MiR600 and MiR1350 autonomous cell robots (AMRs) additionally bought effectively. MiR mentioned it bought almost 300 AMRs in December 2021, which set a report for a single month.

“The diversification of our buyer listing is simply phenomenal,” mentioned Ed Mullen, MiR’s VP of gross sales for the Americas. “We had 52 clients that made up that 300 amount. It wasn’t only one huge buyer buying numerous AMRs. We’re interesting to completely different industries through which automation wasn’t prevalent earlier than. 3PL and cross-docking usually see numerous conveyance, for instance, however now we’re interesting to those clients.”

Cell Industrial Robots Income 2021

Quarter Income ($M)
Q1 14
Q2 16
Q3 13
This autumn 21
Whole = $64M

Mullen mentioned an ideal storm of the COVID-19 pandemic, labor scarcity, and firms struggling to outlive has led to the uptick in AMR gross sales.

“We began to see a pattern during the last 12 months the place huge international clients began getting excited by AMRs. These low-end kinds of jobs shifting issues round have gotten more durable to fill. The Toyotas, Intels, and different main corporations are beginning to assume exterior the field to resolve these issues.”

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