Techman Robot Inc (達明機器人), a robotic arm partner of Nvidia Corp, yesterday said it aims to outpace the 20 percent annual growth for the “collaborative robot” (cobot) industry this year, driven primarily from rising demand from southeastern Asia and China.
Techman, a subsidiary of Quanta Computer Inc (廣達電腦), focuses on developing user-friendly robotic systems with integrated vision capabilities. Using artificial intelligence (AI) technologies, Techman’s cobots could recognize the orientation and presence of materials, perform testing and inspection, and dynamically pick and place tasks.
Techman is the world’s No. 2 AI cobot supplier, behind only Odense, Denmark-based Universal Robots. The Taiwanese firm had shipped more than 15,000 AI robots as of September last year.
Photo: Fang Wei-chieh, Taipei Times
“The cobot industry is to grow 20 percent each year. We are targeting more than 20 percent growth this year” in revenue, Techman president Haw Chen (陳尚昊) told reporters on the sidelines of a forum in Taipei.
Techman’s sales posted annual growth of 17.54 percent to NT$1.48 billion (US$45 million) last year from NT$1.26 billion in 2023. The cobot market is expected to expand at an annual compound growth rate of 20.1 percent from this year to 2030, market researcher Mordor Intelligence forecast.
The Asia-Pacific region is to be the growth engine of the company, especially Southeast Asia and China, Chen said.
A majority of Techman’s robotic arms or robotic systems are adopted in industrial automation such as in vehicle manufacturing plants, electronics manufacturers, machinery companies and warehouses, the company said.
The US market is a new growth driver and is expected to see steep growth this year, Chen said.
Last year, Techman set up a warehouse in Indiana to store spare parts in collaboration with its customers and established a hub in El Paso, Texas. The company also has sites in Mexico, along with many other local manufacturers allocating production to the country amid the US-China trade dispute, he said.
Techman does not expect new trade policy from the incoming administration of US president-elect Donald Trump, such as heavy import tariffs, to have adverse impact on its business, Chen said.
“We have to provide on-site services to our customers,” Chen said, adding that the company is following the steps of its customers’ expansion overseas.
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