Investment Ideas in the Robotics Industry
In August, Motley Fool Explorer did a deep dive into the field of robotics, and what we found was incredible.
Due to falling costs, demand for industrial robotics is skyrocketing. Particularly in China, an "arms race" is breaking out where industrial companies are incorporating robots at a frenetic pace in order to match the efficiency gains of their competitors. We're already seeing estimates that the number of industrial robots deployed will triple within the next 10 years. That could bode well for robot-supplying companies, including Rockwell Automation or FANUC (NASDAQOTH: FANUY).
Furthermore, due to the integration of artificial intelligence, robots are capable of handling significantly more complex tasks. AI is helping iRobot (NASDAQ: IRBT) build new products to further penetrate the consumer market, while helping Amazon create tens of billions of dollars of additional value for shareholders.
Source: Fool.com
