Fanuc’s Robot Sales To Be Offset by Recovery in Computer Numerical Control Demand for Fiscal 2024

Fanuc is well positioned for long-term, secular growth in the industrial robotics industry, as the world’s largest computer numerical control and industrial robotics manufacturer. The FA division currently makes up approximately one third of total sales and has the leading global market share with its CNCs, which is the automated control software of machine tools. With an established reputation and record that supports its ability to maintain a 50% market share, we expect this business to grow along with its machine tool manufacturer customers, as the software/control console will differentiate the quality of machine tools and meet increasing demands for extremely high precision by end-users.