With the help of cloud technology, businesses can store enormous volumes of data, transform their business processes, and interact instantly across thousands of kilometres. Numerous industries, including healthcare and logistics, are being disrupted by robots. According to a market research study, the worldwide robotics market will be valued at $27 billion in 2020. By 2026, it is projected to increase at a compound annual growth rate (CAGR) of 17.45% and reach an estimated value of $74 billion. According to a CAGR of 12.1% predicted by Next Move Strategy Consulting, the robotics business will be valued at $88 billion by 2030. In 2019, more than 250,000 robots were used in the United States, and China dominated the industry in 2020.
Insider Monkey highlights the best robotics stocks to buy according to elite hedge funds. The industrial, power generation, and aerospace businesses, as well as the U.S. military, are served by Curtiss-Wright Corporation. In its most recent fiscal quarter, which ended in August 2022, the company outperformed analyst revenue and EPS expectations. An American firm called Rockwell Automation, Inc. offers products for industrial automation and digital transformation to a variety of industries. Robotics are a part of the company’s industrial automation division as well because it collaborates with other businesses to give them software for their robots. An American corporation called Zebra Technologies Corporation assists its corporate clients with a number of tasks, including inventory tracking and warehouse management. The company has a substantial investment in the field of autonomous mobile robots, which enables warehouses to use robots to manage their stocks and carry out daily operations. Through its Vinci platform, Intuitive Surgical, Inc. is the industry leader in robotic surgery systems. With the help of this device, surgeons can remotely do operations. According to its most recent quarterly report, there are now 6,920 installed users of these systems. Plaque psoriasis, leukemia, lymphoma, constipation, anaemia, and Parkinson’s disease are just a few of the disorders that are treated by the pharmaceutical business AbbVie Inc. The company also creates and deploys robotic solutions that resemble human behaviour. For more details, click 10 Best Robotics Stocks To Buy.
