3 Global Robotics Stocks To Consider As Market Grows At Annual Rate Of 14.7%
Portfolio Pulse from Surbhi Jain
The global robotics technology market is expected to grow at a CAGR of 14.7% from 2023 to 2032, reaching $283.19 billion. AI advancements are enhancing robots' capabilities, with significant growth in industrial, healthcare, and agriculture sectors. Intuitive Surgical Inc (ISRG), Rockwell Automation Inc (ROK), and Deere & Co (DE) are key stocks to consider. ETFs like BOTZ, ROBO, AIQ, IRBO, and ROBT offer diversified exposure to the robotics and AI sector.
January 09, 2024 | 2:33 pm
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POSITIVE IMPACT
Global X Artificial Intelligence & Technology ETF provides exposure to AI and technology sectors, including robotics.
AIQ ETF's investment in AI and technology sectors, which include robotics, positions it to potentially benefit from the industry's growth.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Global X Robotics & Artificial Intelligence ETF offers diversified exposure to the growing robotics and AI market.
As the robotics and AI market expands, ETFs like BOTZ may benefit from the overall growth, potentially leading to positive returns for investors.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Deere & Co plans to release a line of fully automated products by 2030, positioning it as a key player in agricultural automation.
Deere & Co's commitment to releasing automated products may enhance its competitiveness and drive stock growth as the agriculture sector embraces automation.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
iShares Robotics and Artificial Intelligence Multisector ETF is an investment vehicle for those seeking broad market exposure in robotics and AI.
IRBO ETF's broad market exposure to robotics and AI could lead to positive returns as these technologies become increasingly integrated into various sectors.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Intuitive Surgical Inc, with a 700% stock surge in the last decade, leads in robotic-assisted surgery and is expected to continue its dominance.
Intuitive Surgical's past performance and strong market position in robotic-assisted surgery suggest a positive outlook, potentially leading to further stock appreciation.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Exchange Traded Concepts Trust ROBO Global Robotics and Automation Index ETF is positioned to capitalize on the robotics industry's growth.
The ROBO ETF's focus on robotics and automation may lead to positive performance as these sectors continue to expand.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
First Trust Nasdaq Artificial Intelligence and Robotics ETF is designed for investors looking to tap into the AI and robotics sectors.
ROBT ETF's focus on AI and robotics sectors suggests it may benefit from the sectors' growth, offering potential for positive investor returns.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Rockwell Automation Inc is a leading provider of industrial automation solutions, with strong revenue growth and a solid market position.
Government support and market expansion in industrial automation position Rockwell Automation for potential continued growth and positive stock performance.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 85