UR20 cobot

Teradyne’s robotics group made $89 million in the third quarter

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UR20 Kobot

Universal Robots, part of Teradyne’s industrial automation group, recently launched the UR20 Cubot. | Source: Universal Robots

Tiradine It saw a slight decrease in revenue in the Industrial Automation group, down 2%, in the third quarter of 2022 compared to the same time period last year. The group generated $89 million in revenue for the third quarter of 2022.

Industrial Automation Group revenue is down from the second quarter of this year when it entered $101 million in revenue. The group consists of Energid, mobile industrial robots (MiR), which only Combined with AutoGuide Mobile Robotsand Universal Robotics (UR). Energid revenue is included in UR.

During the third quarter, UR brought in $73 million, and MiR brought in $16 million. UR sales were down 5% during the quarter, while MiR sales were up 17% from the same quarter last year. Both companies saw sales decline from last quarter when UR brought in $83 million and MiR brought in $17 million.

During the first nine months of 2022, 41% of Teradyne’s industrial automation sales were to Europe, 29% to the United States, 11% to China, and the remainder to the rest of the world.

Greg Smith, Appointed President of Teradyne on July 1, 2022He attributed the slower-than-expected growth to two factors.

First, the slowdown in manufacturing activity, especially in Europe, where the PMI fell below 50 in July and has remained in that contraction territory ever since. “Europe is our largest end market for automation, and that presents a headwind of growth by 10 points,” Smith said during the company’s third-quarter earnings call. “Secondly, labor scarcity continues in our distribution channel, which we expect to cut growth by about five points.”

Despite slow growth, Tiradine is optimistic about Uruguay’s future. The company saw higher than expected demand for its high tonnage UR20 cobot was released earlier this year. Teradyne expects the UR20 to begin shipping in 2023 when it begins contributing to financial results.

UR has also seen significant growth in welding. Its welding channel has grown more than 80% in the first nine months of 2022 compared to the same period last year, and it expects to ship more than 1,200 robots in the field.

Inside the AutoGuide / MiR . merger

Teradyne combined MiR and AutoGuide Mobile Robots at the end of the third quarter, with the integrated company officially called Mobile Industrial Robots. The company will be headquartered in Odense, Denmark, where MiR has been based since 2013 when it was founded.

Prior to the merger, MiR offered a range of AMRs capable of carrying payloads and platforms up to 3,000 lb (1,350 kg). By integrating with AutoGuide, the portfolio will expand to include high-tonnage AMR locomotive cranes and forklifts that will run on the MiRFleet software.

Smith said Teradyne decided about a year ago that the best way to differentiate its AMR business was to provide an extensive product line under one software control.

“We’ve heard time and time again from large customers that they struggle with complex workflows because complex workflows generally need AMR to interact with each other,” Smith said. “The dominant way people talk about this happening has been through fleet management. It was putting these customers in the uncomfortable position of not knowing where to go when things from multiple vendors were not working properly.”

Smith said Teradyne wants to take responsibility for hardware and software performance and turn to partners to ensure a positive customer experience.

“If you look at any AMRs, whether it’s ours or someone else’s, customers can take up to two years to go from initial beta to bulk deployment. That’s because they have to work on their operations and adapt to the technology,” he said. “In some cases, like automakers, they have to invent new jobs. They don’t have people who know how to maintain antimicrobial resistance, so they have to figure out how to fit that into their union regulations. This is a complex problem to work through. We think the ultimate destination of antimicrobial resistance is Microbes have amazing potential, but we need to streamline the process. For us, simplifying that process means putting all of our AMRs under one software control and treating customers as one organization.

Smith said that the bulk of the work went into reworking the sensor array of the AutoGuide robots to improve their performance with MiR software and to enhance the MiR software to handle the high speeds of AutoGuide’s heavy payload vehicles.

“The basic chassis remains the same, but due to the higher top speeds, we need to look much further in front of the vehicle to react to obstacles and do the right thing. We had to tweak the sensor array of the AutoGuide robots and improve the MIR software so that it could handle the specific requirements of the heavy payload space. This is a higher speed and greater control over the path that the AMR takes.”

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