As breakthroughs in artificial intelligence (AI) models and chip technology evolve, robotics and automation are expanding from single-task machinery to intelligent, general-purpose systems.
These advancements are expected to drive strong adoption across factories, manufacturing, food service, and healthcare settings
According to research published by Future Market Insights, the industrial robotics market could grow from $65 billion this year to nearly $344 billion by 2036, representing an 18% compound annual growth rate (CAGR). With such strong growth projected in the coming decade, here are three robotics and automation stocks investors can consider buying in August. Rockwell’s Control Systems create sticky customer relationships When it comes to industrial automation, Rockwell Automation (NYSE: ROK) is one of the biggest in the world.
The company develops the “brains” of robotics, including drives, sensors, motion controls, and related software that tell robots how and when to move and what to do next. So while a factory owner could swap out old robotic arms for newer models, Rockwell’s systems remain in place. Rockwell stands out thanks to its dominant 50% market share of programmable logic controllers (through its subsidiary Allen-Bradley) in North America, giving it a robust competitive advantage as Western manufacturers look to reshore and modernize industrial automation processes.