The stocks of robotics and automation companies are termed robotics stocks. The companies can either be pure-play automation companies or may belong to other industries and sectors that apply process automation processes to perform their functions.
As technology becomes more prevalent in our lives, we’re seeing an increase in the use of robotics and automation in almost all industries. Due to this increase, robotics stocks have become excellent avenues for investment. According to the International Federation of Robotics, the supply of robots is expected to increase by four times over the next ten years, while, according to Zion Market Research, the industrial robotics market is expected to generate $62 billion in revenues in 2024,
Best Robotics Stocks
|HON||Honeywell International Inc.||$196.95||-8.65%||129.8B|
|LMT||Lockheed Martin Corporation||$446.24||-9.05%||110.7B|
|ISRG||Intuitive Surgical, Inc.||$309.52||14.76%||109.0B|
|NOC||Northrop Grumman Corporation||$476.61||-11.97%||71.9B|
|EMR||Emerson Electric Co.||$88.35||-7.15%||50.4B|
|ROK||Rockwell Automation, Inc.||$275.00||4.69%||31.5B|
|ESLT||Elbit Systems Ltd.||$207.11||17.77%||9.1B|
|SAIC||Science Applications International Corporation||$131.75||15.61%||7.0B|
|BRKS||Brooks Automation, Inc.||#N/A||#N/A||#N/A|
|OII||Oceaneering International, Inc.||$20.37||36.25%||2.1B|
|HOLI||Hollysys Automation Technologies Ltd.||$22.89||29.47%||1.4B|
|LECO||Lincoln Electric Holdings, Inc.||$203.07||38.53%||11.6B|
- ABB Ltd (ABB) – ABB is a Swiss-Swedish multinational corporation operating mainly in robotics, power, heavy electrical equipment, and automation technology areas. ABB’s robotics division is known for pioneering industrial and collaborative robots and advanced digital services.
- Ambarella (AMBA) – Ambarella develops semiconductor processing solutions for video that enable high-definition, video capture, sharing, and display. While not a robotics company per se, their products are used in a wide range of human and computer vision applications, including robotics.
- Ansys (ANSS) – Ansys is an American company that develops and markets multiphysics engineering simulation software for product design, testing, and operation. Ansys software is used in the development of robotic systems for simulations and testing purposes.
- Accuray Incorporated (ARAY) – Accuray develops, manufactures and sells radiation oncology systems. One of their key products, the CyberKnife, is a robotic radiosurgery system used in non-invasive cancer treatments.
- AeroVironment, Inc. (AVAV) – AeroVironment designs, develops, produces, supports and operates a portfolio of products and services for government agencies and businesses. They are a leading provider of unmanned aircraft systems and tactical missile systems, which can be considered a subset of robotics.
- Aspen Technology (AZPN) – AspenTech primarily develops software used by engineers for process optimization in the energy industry. They don’t make robots, but their software can be used to optimize processes where robotics are used.
- Brooks Automation, Inc. (BRKS) – Brooks provides automation, vacuum, and instrumentation solutions. In the realm of robotics, they offer a wide range of robots and automation systems for semiconductor manufacturing and life sciences.
- Ceva Inc. (CEVA) – CEVA is a leading provider of signal processing IP for connected devices, including platforms for IoT, 5G, and AI. While not a robotics company, their technologies are applicable to robotics.
- Cognex Corporation (CGNX) – Cognex is a company that provides machine vision products that capture and analyze visual information in order to automate tasks where vision is needed. Machine vision is a critical component of many robotic systems.
- Cyberdyne (CYBQY) – Cyberdyne is a Japanese robotics company developing medical exoskeletons. Their HAL (“Hybrid Assistive Limb”) suits are used for physical therapy and labor support.
- Dassault Systemes (DASTY) – Dassault Systemes is a software company specializing in 3D design and product lifecycle management (PLM) software. Their software aids in the design and maintenance of robots.
- Ekso Bionics (EKSO) – Ekso Bionics is a leading developer of exoskeleton solutions that enhance human strength, endurance, and mobility. They are known for both medical and industrial exoskeletons.
- Emerson Electric Co. (EMR) – Emerson is a multinational corporation known for its electrical products and services. Their automated solutions division incorporates robotics and machine automation.
- Elbit Systems Ltd. (ESLT) – Elbit Systems is an international defense electronics company. They develop a variety of defense solutions, including unmanned systems (aerospace and ground-based) which are a type of robot.
- Fanuc (FANUY) – Fanuc is one of the largest makers of industrial robots in the world. They provide automation products and services such as robotics and computer numerical control wireless systems.
- Flir Systems (FLIR) – Flir Systems designs, develops, manufactures, markets, and distributes technologies that enhance perception and awareness, including thermal imaging systems, visible-light imaging systems, locator systems, and more. These technologies can be integrated into robotic systems.
- Hollysys Automation Technologies Ltd. (HOLI) – Hollysys is a leading provider of automation and control technologies and applications in China. Their products are used in industrial, railway, subway, nuclear power, and mechanical industries, including robotic systems.
- Honeywell International Inc. (HON) – Honeywell produces a variety of commercial and consumer products, engineering services, and aerospace systems. While not a robotics company, their automation and control solutions division does work on aspects of automation that can be integrated with robotics.
- IPG Photonics (IPGP) – IPG Photonics is a manufacturer of fiber lasers and fiber amplifiers. These products are used in a variety of applications, including materials processing, which can involve the use of robotic systems.
- iRobot Corporation (IRBT) – iRobot is a well-known consumer robot company. They design and build robots that assist consumers in cleaning – such as the Roomba vacuum cleaning robot and the Braava family of mopping robots.
About the Robotics Industry
The robotics industry is a rapidly growing field that involves the design, development, and manufacture of robots and automation systems. These robots and systems are used in a wide range of industries, including manufacturing, healthcare, transportation, and agriculture.
In the manufacturing industry, robots are used to automate repetitive tasks, improve efficiency, and increase productivity. Industrial robots are used in a variety of applications, including welding, painting, and assembly. In healthcare, robots are used for surgery, rehabilitation, and monitoring of patients. In transportation, robots are used for self-driving cars, drones, and logistics. In agriculture, robots are used for planting, harvesting, and monitoring crops.
The robotics industry is driven by advances in technology, such as artificial intelligence (AI) and machine learning. These technologies enable robots to perform tasks that were previously thought to be impossible, such as recognizing objects and making decisions. Additionally, the increasing demand for automation in various industries is also driving the growth of the robotics industry.
The global robotics market is expected to grow at a CAGR (compound annual growth rate) of around 19.8% during the forecast period 2020-2025. The increasing adoption of robots in various industries such as healthcare, logistics, and manufacturing is expected to drive the growth of the robotics market.
The robotics industry is also facing some challenges such as high cost, lack of standardization, and integration with other systems. These challenges are expected to be addressed with the advancement of technology and the increasing demand for automation.
The robotics industry is a promising field with a lot of growth potential. Investment in robotics can be an opportunity for investors and companies looking for innovation and growth in the technology industry.
Factors to Consider Before Investing in Robotics Stocks
Investors must consider that robotics is closely associated with industrial automation. Therefore, the performance of robotics stocks is bound to get impacted by slowdowns in the economy. Robotics stocks follow a cyclical pattern of ups and downs along with the movement of economic cycles. Moreover, robotics stocks have significant exposure to automotive and electronic markets and move with them.
Investors should also consider the growth potential, revenues growth, free cash flow, EBIT, and other fundamental parameters before investing in robotics stocks. The share price of robotics stocks must be compared to their intrinsic value to ascertain their value, and investors should stay away from the overvalued shares.
Which Robotics Stocks Should I Buy?
Investors can choose to invest either in pure robotics companies or the companies that use automation and robotics as the means to reach their end goals. We have compiled a list of the best robotics stocks for investors to pick from.
Robotics stocks have demonstrated bullish trends over the past couple of years due to drastic advancements in technology and the development of new software and applications. The future also looks optimistic and robotics stocks hold strong potential to generate long-term rewards for investors.