Honda Motor, the World's Highest-Grossing Robotics Company

In today's rapidly advancing technological era, many companies utilize sophisticated technologies such as robots to replace human labor. The use of robots can simplify human tasks. Based on information from insidermonkey.com, here are the top 5 robot manufacturing companies with the highest revenue globally.

1. Honda Motor

Honda Motor is the world's largest robotics company. The Tokyo, Japan-based company generated revenue of US$142.4 billion last year, with a market capitalization of US$42.6 billion. The company's assets total US$188.5 billion, and it employs 219,722 people.

Honda Robotics develops the "most advanced humanoid robot," known as ASIMO (Advanced Step in Innovative Mobility), aiming to create robots that will coexist with and benefit humanity. In 2018, Honda launched the 3E-A18, an interactive robot that supports community activities by recognizing emotions and communicating through facial expressions, voice, and movement.

2. Siemens AG

The second-largest robotics company is Siemens AG. This company generated revenue of US$97.4 billion, with a market capitalization of US$75.4 billion. It has assets totaling US$171 billion and employs 385,000 people.

Siemens AG is a global company focused on power generation, smart building infrastructure, distributed energy systems, and automation and digitalization in process and manufacturing industries. In 2019, Siemens subsidiary Siemens Healthineers acquired Corindus Vascular Robotics for US$1.1 billion.

3. Sony (NYSE: SNE)

This Japanese robotics company generated revenue of US$79.2 billion. Its market capitalization is US$78.7 billion, and it employs 114,400 people.

Sony designs and develops a robotic pet called AIBO, shaped like a dog, capable of communicating with humans in many ways similar to a living pet, but without high maintenance. The AIBO robot is priced under US$3,000.

4. Denso Corp

DENSO Corp is engaged in the manufacture and sale of automotive components and systems, industrial products, and household appliances. The company generated revenue of US$47.4 billion with a market capitalization of US$227.6 billion.

Located in Kariya, Japan, the company has 171,992 employees and assets totaling US$52.4 billion. DENSO manufactures industrial robots and programmable logic controllers used in factory automation. The company also provides automatic identification products, barcode readers, and semiconductors.

5. Midea Group

Midea Group is a robotics company located in Foshan, China. This robotics company generated revenue of US$39.9 billion with a market capitalization of US$52.9 billion. Its assets total US$40 billion, and it employs 114,765 people.

Midea is a reliable and respected brand in the world of electronic appliances. As smart machines and smart factories enter a new era of industrial production, Midea Group offers its innovations to the robotics industry.

Midea Group deploys over 800 robots in its production. In 2016, Midea acquired KUKA, a German robotics company representative of Industry 4.0, for US$5 billion. In addition to internal industrial automation of company facilities, Midea Group offers manufacturing solutions for the manufacturing industry.