We are focusing our full capacity into dominating the smart factory market which is the future of the manufacturing industry in the 4th industrial revolution.

Hyundai Robotics, one of the new driving forces of Hyundai Heavy Industries Holdings, will formally launch as a new company on May 1st.

According to the announcement made on the 21st by Hyundai Heavy Industries Holdings, the robotics business department will be demerged from Hyundai Heavy Industries Holdings and officially launch as a new company called Hyundai Robotics in May. At the annual board meeting on March 25th, Hyundai Heavy Industries Holdings decided that the robotics business department will be demerged through physical division and be established as a new subsidiary company called Hyundai Robotics.

Vice President Yoo-Seong Seo, who is in charge of the robotics business department, will be the first president of Hyundai Robotics. Hyundai Heavy Industries Holdings decided to demerge the robotics business department and have it start as a stand-alone company because they are expecting sharp growth in the robotics market in the future. In fact, the collaborative robot or cobot market is expected to reach 9.21 billion dollars in 2025, up from 1.38 billion dollars in 2018.

Since beginning its robotics business in 1984, Hyundai Robotics is the leading robotics manufacturer in Korea. After the relocation of its headquarters to Daegu in 2017, Hyundai Robotics established a smart factory with an annual capacity of 8,000 units. Hyundai Robotics' key products are industrial robots, cleaning robots, and smart factories, respectively accounting for 60%, 27%, and 6% of 258.3 trillion won in annual sales in 2019. Industrial robots are mainly used in the automotive industry by companies like Hyundai Motor Group and Beijing Automotive Industry Holding, and major clients of cleaning robots for shipping LCDs are LG Display, BOE technology, and more. The Hyundai group focuses on China, where it takes 30% of the global industrial robotics market share.

Hagong Hyundai in Haining, a joint venture with a Chinese robotics company, also started robot manufacturing and sales since July after constructing a temporary plant. Last August, Hyundai Robotics opened a sales company in Shanghai, China, and began the main plant construction with an annual capacity of 20,000 units, which will be completed in the second half of this year.

An official from Hyundai Heavy Industries Group stated, "Currently, Hyundai Robotics holds only about 3% of the worldwide share, but we are focusing our capacity to dominate the smart factory market, which is the future of the manufacturing industry in the 4th industrial revolution. Comprehensive smart factory platforms like "Hi-factory" that we demonstrated last year in the smart plant/automation industry expo will be used in various industries."