Fanuc Corporation

Fanuc Corporation Overview

Company Headquarters: Japan

Founded: 1958

Workforce: ~ 7,866

Company Working: Fanuc Corporation (Fanuc) is a multinational corporation that provides automation products and services such as robotics and computer numerical control wireless systems. The company offers products in four categories FA Products, ROBOT Products, ROBOMACHINE Products, and FIELD system Products. Under the FA Products category, the company offers CNC Series, servo motor, servo amplifier, and laser. Under the Robot Products category, the company offers Articulated Robots, Delta ROBOTs, Intelligent Features. Under the Robomachine Products category, it offers Robodrill, Roboshot, Robocut, and Robonano. Under the Field system Products category, it provides FANUC Intelligent Edge Link & Drive system. The company does also offer services for minimizing downtime in a call center, preventive maintenance, and lifetime maintenance for factory Repair services. The company has a global presence with offices across Japan, America, Europe, Asia, and South Africa.

Strategy

Fanuc is focused on automation and digitization, following organic as well as inorganic growth strategies. The company invests significantly in the research and development of AI to expand its product portfolio. Fanuc offers a wide range of innovative factory automation products and robotic systems to its partners and customers. Fanuc strongly focuses on strategic mergers & acquisitions, developing its technical expertise, and expanding its global customer base to maintain its market position.

Company Snapshot

$4.92M

Revenue

7,866

Employees

1958

Founded

Japan

Headquarters

SWOT Analysis

Strengths

Strong product portfolio
large scale production of robots
Automated factories
Large-scale production of robots
Diverse product portfolio
Extensive R&D
Strong financial performance

Weaknesses

Limited control over processes due to automation
Declining sales figure

Opportunities

Expansion through joint ventures
Developments in AI and robotics
Increasing demand for industrial automation and robotics assembly

Threats

Intense market competition
Currency rate fluctuation
Currency rate fluctuations
Rapidly technological advancements
Environmental obligations

Key Developments

Date	Approach	Development
April 2018	Collaboration	Fanuc collaborated with Preferred Networks, Inc. to develop new artificial intelligence (AI) functions which apply machine learning or deep learning to its FA, robot, and Robomachine products. Fanuc has integrated AI and developed AI servo tuning functions for FA, AI Bin Picking Robot, and AI thermal displacement compensation for Robomachine. Each product is equipped with AI utilizing machine learning and deep learning.

Product Offering

Fanuc Corporation
- Automation and Control
- Robotic Arms

Financial Performance

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