Company Spotlight: FANUC

FANUC, (aka FANUC Corporation), is a Japanese multinational corporation. They specialize in the manufacturing and sale of robotics, automation, and CNC (computer numerical control) systems. Founded in 1956, the company has a long history of becoming one of the manufacturing industry’s leading players.

The Beginning

Like any good industry story, FANUC began with three engineers. Seiuemon Inaba, Ichiro Kigawa, and Takeshi Nakamura worked at the Fujitsu Fanuc factory in Japan before establishing FANUC in 1956. The company’s first product, a computerized numerical control (CNC) system, automated turning raw materials into finished products. This revolutionary system significantly increased the efficiency and precision of manufacturing processes. According to the company’s website, Fanuc produced the first CNC system in 1958.

Throughout the 1960s and 70s, FANUC continued expanding its product line, developing new CNC systems and other automation technologies. Specifically, the 1970s saw FANUC focus on establishing itself as a leading manufacturer of numerical control (NC) systems. The company’s sales during this decade were modest, as it was still building its brand and reputation in the market. According to the company’s official website, FANUC’s focus on innovation and customer satisfaction helped it establish a strong foundation in the NC systems market. The company also began to establish a global presence. They opened subsidiaries in Europe and the United States. According to MarketsandMarkets FANUC had established itself as a major player in the global CNC market by the 1970s.

Ending the Century Strong

The 1980s saw FANUC entering the robotics market with the launch of its first industrial robot, the FANUC Robot M-1. The M-1’s success established FANUC as a leading player in the robotics industry. In a report from Technavio, by the early 1980s, FANUC had become one of the leading suppliers of industrial robots in Japan. The company continued expanding its robotics product line throughout the 1980s and 1990s, developing new robots for a variety of industrial applications.

The New Millenium

In the early 2000s, FANUC continued to innovate and grow, expanding into new markets and developing new technologies. The company launched a series of collaborative robots, designed to work alongside human operators. It also began developing AI-powered systems. By the early 2000s FANUC had become one of the leading suppliers of collaborative robots in the world.

Today, FANUC stands as a global leader in the manufacturing industry. They provide products and services used in a wide range of industries. This includes automotive, aerospace, electronics, and medical devices. The company has a strong reputation for innovation and quality, and it continues to invest in R&D to develop new technologies that can improve the efficiency and productivity of manufacturing processes. According to a report from Frost & Sullivan, FANUC is the world’s largest supplier of industrial robots, holding a market share of over 30%.

The company has a long and storied history that has seen it become one of the leading players in the global manufacturing industry. FANUC has established itself as a company dedicated to innovation, quality, and efficiency. They continue to invest in R&D, developing new technologies that can improve the efficiency and productivity of manufacturing processes.