shared Bloomberg's profile of Fanuc, a secretive Japanese company with 40,000-square-foot factories "where robots made other robots in the dark...stopping only when no storage space remains." About 80% of the company's assembly work is automated, and its robots then go on to assemble and paint cars, build motors, and make electrical components. "King of them all is the Robodrill, which plays first violin in one of the great symphonies of modern production: machining the metal casing for Apple Inc.'s iPhones..." With 40% profit margins, the robot vendor has become a $50 billion company controlling most of the world's market for factory automation and industrial robotics, Bloomberg reports:
In fact, Fanuc might just be the single most important manufacturing company in the world right now, because everything Fanuc does is designed to make it part of what every other manufacturing company is doing... The company even profits from its competitors' sales, because more than half of all industrial robots are directed by its numerical-control software. Between the almost 4 million CNC systems and half-million or so industrial robots it has installed around the world, Fanuc has captured about one-quarter of the global market, making it the industry leader over competitors such as Yaskawa Motoman and ABB Robotics in Germany, each of which has about 300,000 industrial robots installed globally. Fanuc's Robodrills now command an 80 percent share of the market for smartphone manufacturing robots.
Fanuc's clients include Amazon and Tesla, but U.S. orders "are dwarfed by those from China -- some 90,000 units, almost a third of the world's total industrial robot orders last year."