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Home Rebotics

Korean robotic maker Rainbow Robotics information W3.6b in gross sales, up 182 %

Rabiesaadawi by Rabiesaadawi
May 23, 2022
in Rebotics
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Korean robotic maker Rainbow Robotics information W3.6b in gross sales, up 182 %
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Rainbow Robotics’ collaborative robots are slated for launch in the second half of 2022. (Rainbow Robotics)

Rainbow Robotics’ collaborative robots are slated for launch within the second half of 2022. (Rainbow Robotics)

South Korean robotics maker Rainbow Robotics mentioned Monday that it recorded 3.6 billion gained ($2.8 million) in gross sales within the first quarter this yr, up 182 % on-year. 

The Korean robotic maker mentioned the native market’s demand for collaborative robots that work with people has pulled up its gross sales, in addition to elevated exports of its system that tracks sure targets with accuracy to the worldwide market. Its working revenue got here to 600 million gained. 

Collaborative robots help people or substitute the roles of people by way of conducting easy and repetitive duties. They’ll additionally carry out work in areas which can be troublesome for folks to achieve or function in. 

Rainbow Robotics, based in 2011 by researchers on the KAIST humanoid robotic middle, has been producing varied robotic platforms together with collaborative robots, cellular manipulators that transfer autonomously for industrial use, medical robots and humanoid robots that stroll on two or 4 legs. It made its market debut on the tech-heavy Kosdaq in 2021 as a robotic platform manufacturing agency with its personal analysis and improvement know-how. 

In accordance with Hyundai Motor Securities, international gross sales of collaborative robots rose 90.5 % to 126,000 items in 2020, a few 10-fold bounce within the price of progress in comparison with a yr prior. Market and shopper information tracker Statista gave its outlook that the worldwide collaborative robotic market would develop to be value $1.1 billion by 2025. As of 2020, the market was round $590 million in measurement. 

With rising market demand, Rainbow Robotics mentioned it plans to launch two different varieties of collaborative robots within the second half of this yr. For optimized use of robots, the corporate additionally affords self-produced software program packages that may be downloaded on Android-based tablets or PCs for robotic operation.

“In contrast to different companies that import robotic components from a 3rd social gathering and carry out meeting, Rainbow Robotics has internalized the robotic parts making and associated know-how to straight manufacture robots,” mentioned an official from Rainbow Robotics. 

The corporate at the moment sells 4 varieties of collaborative robots underneath the identify RB collection. A few of them have been actively used for welding or grinding, in addition to within the logistics course of, in response to the agency.

“We’ll launch collaborative robots that can be utilized within the sector of logistics resembling palletizing, stacking the load, cargo supply or automated meeting for IT, electronics, bio and repair companies,” the official added.

By Kim Da-sol ([email protected])





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