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Due to the demand for automation and higher productivity in the manufacturing industry, industrial robots have seen astounding growth. The industrial robotics market size and projection demonstrate the industry’s tremendous prospects and growth potential. The market for industrial robots was estimated to be worth USD 48.5 billion in 2022 and is projected to expand to USD 142.8 billion in 2032, with a CAGR of more than 11.4%.
Pioneering a turn-key robotics solution is the California-based, most experienced, and award-winning robotics company RobotLAB Group. Established in 2007, the company has a strong team led by a visionary leader and innovator, Elad Inbar, CEO and Founder of the company. They are serving every market, providing robots to businesses like restaurants, hotels, assisted living facilities, etc., and over to education with robots in K-12 schools, colleges, and universities.
They primarily assist businesses with manpower shortages by automating food service, bussing tables, and cleaning for large facilities like hotels and assisted living homes. They offer robots that serve as teaching aids for the research and education markets, assisting teachers in getting students interested in STEM disciplines.
The Man of the Hour
Elad Inbar, the company’s Founder & CEO, has over 25 years of experience in a variety of hi-tech verticals, largely in executive positions. In addition to SxSW, the National Restaurant Association, the Florida Lodging and Restaurant Association, TCEA, ACTE, FETC, Bar and Restaurant Show, and many other conferences, he also speaks as a keynote speaker at many other events. As a thought leader, Elad has the expertise to provide a bridge between the cutting-edge robotics industry and the educational and retail industries due to his concurrent professions in academics and technology.
The Tale of Inspiration and Incorporation
RobotLAB is a platform-agnostic company. They care only about the customers and about having a successful deployment with each one of them. They understand that not every robot is a great fit for every customer’s needs. They work together with the clients to customize the solution for their unique environment. “We are the first and only, robot-franchise, and we have franchisees for RobotLAB across the nation that can deploy and maintain the robots. No other firm has access to as many products as we have, and no other business can provide our customers with a solution that is as comprehensive as the one we can”, the visionary leader revealed.
Elad has been passionate about robots since childhood. He cherished creating new ones, building them, and programming them. However, for many years, robots were considered “toys for geeks” since they required soldering and a grasp of electronics and were, in general, not accessible to 99.9% of the population. So it continued to be a hobby.
Even when the tech leader started his first company (MassiveImpact, which focused on optimizing ads on text messages for mobile operators) and moved to Taiwan for 7 years, he always visited the vibrant electronics markets on weekends, looking for developments in sensors, motors, controller boards, etc.
He observed a fresh wave of what are now referred to as “connected toys” in Taiwanese electronics markets following the debut of the iPhone in 2007. A deluge of smartphone-enabled cars, drones, robots, and other smart items. Since all of these toys connected to smartphones can actually be programmed to perform a variety of other things, and since apps on smartphones are merely a programming interface, the fact that this drew him back to his former interest in robotics was a clue to me that the market was finally ready for one.
Elad decided to launch RobotLAB after selling his company’s stock, with the goal of bringing this innovation into schools and engaging kids in math, science, and physics. They used robots to develop lesson plans, curricula, and anything else teachers needed to teach these abstract ideas. They had to create some of the robots themselves because they couldn’t find what the professors were looking for.
Over the years, the company’s portfolio grew and extended beyond education. “There were no service, delivery, or cleaning robots back then (in 2007). It took a few more years for these goods to develop and become trustworthy enough to get us to where we are now, with a wide range of robots that can perform any task that business owners require of them”, revealed Mr. Elad.
He continued, “And in the past couple of years, we’ve seen the demand for these products skyrocket. and we can’t keep up with the demand, as it’s coming from everywhere (around the country and beyond) and all at once. That’s why we decided to franchise the company and have multiple RobotLAB teams in each metro area. My vision is to make sure that whenever a business owner needs a robot, he finds a RobotLAB team in his backyard that can be there the same day and help them.”
Building a Unique Robot-Franchise Model
RobotLAB is a dedicated international and multi-cultural team of close to 40 experienced professionals from ten different countries. (US, Mexico, Bolivia, Israel, Russia, Hong Kong, Japan, France, Colombia, and India) occupying three corporate offices, in San Francisco, CA, Dallas, TX, and Bogota, Colombia. The team has a perfect ratio of 50% males and 50% females.
Currently, the business is actively developing the Robot-Franchise model by instructing franchisees on how to deploy and provide customer support across the nation. The “car dealership” of robots is being built by RobotLAB, and it will be located everywhere! With hundreds of RobotLAB teams throughout the world, nobody will be able to serve business owners like RobotLAB, and nothing can scale like RobotLAB.
Overcoming the Hurdles Along the Way
Finding the right partners has been a huge challenge for Elad. People who share similar views and are enthusiastic about robotics and AI as well as customer service. They put in a lot of effort every day, interviewing hundreds of candidates who might be a suitable fit. Only a handful cross the rigorous interview process.
Giving Back to the Community
The RobotLAB Group is working with many underserved communities and providing them with complete AI labs, curricula, and educational robots that spark curiosity in students, help them close the gap, and make sure they are college and career ready! Ensuring students’ college and career readiness is crucial for our success as a community and a nation.
Future Outlook
Having a RobotLAB team in each one of the major metro areas, nation wide, and beyond, serving customers’ needs, and pushing humanity to the next phase is the future goal of Elad and his team.
When the first cars were introduced, no one wanted to purchase them, because there was no service infrastructure, no gas station network, and no AAA service. Buying a car was a giant leap of faith. Mass adoption came only after the network of dealerships was created.
RobotLAB is setting up the first car-dealership network for robots, paving the way to the explosive growth that is looming.
