As governments and organisations worldwide prepare for the inevitable impact of COVID-19, they are looking for ways to increase automation in their industries and management. Even though robots have been around for decades, the rise of automation has caught the attention of many industries. According to a study conducted by McKinsey, the main factors that led to the resurgence of robotics are lower labour costs, better capabilities, and brand awareness. Some industries, such as the automotive and electronic sectors, are expected to see the most significant increase in their investment in automation. Due to these changes, robots are now becoming more prevalent in daily life. According to a study conducted by Harvard Business Review, the emergence of automation has already disrupted the retail industry. Without any iota of doubt, the robotics industry is set to grow at a robust rate over the next couple of years, but investors need to be aware of the various factors that could affect the market’s growth.
Having this in mind, Insider Monkey lists The 10 Best Robotics Stocks for 2021. General Electric Company is a multinational company that focuses on robotics and autonomous systems. Part of its projects includes the Supervised Robotic Squadron. Northrop Grumman is a leading aerospace and defence company that provides innovative products and services in security, transportation, and technology. Its robotics division, known as Northrop Grumman Remotec, is a pioneer in developing mobile robots for hazardous operations. iRobot is a Bedford, Massachusetts-based company that designs and manufactures consumer robots. Some of its popular products include the Roomba vacuum cleaner and the iRobot Braava robot mop. Deere & Company is a leading manufacturer of heavy equipment for various industries. Its products include electric and self-propelled farm equipment. Intuitive Surgical designs robotic products that enable surgeons to perform more complex procedures with greater precision and less time. Its robotic products are used in various surgical procedures. Want to know the best of them? Click to read in The 10 Best Robotics Stocks for 2021.