Robotics stocks represent a great investment opportunity as the robotics industry continues to evolve and expand.
With the development of new and innovative technologies, the robotics industry is expected to grow at a rapid pace over the next decade.
The market for robotics is driven by a variety of factors, including increased demand for automation, artificial intelligence and machine learning.
The global robotics market size is valued at $41.5 billion (2021), and projected to grow at a CAGR of 22.80% from 2022 – 2030 (Market Research Future, 2021).
The increasing demand for industrial automation and advancements in artificial intelligence (AI) and machine learning (ML) technologies are driving the growth of the robotics market.
Below, we will present the 9 Best Robotics Stocks to Buy in 2023!
Best Robotics Stocks to Buy for 2023
- Nvidia
- iRobot
- Intuitive Surgical
- Northrop Grumman
- Teradyne
- ABB
- UiPath
- Rockwell Automation
- National Instruments
1. Nvidia (NASDAQ: NVDA)
- Ticker: NVDA
- Dividend Yield: 0.06%
- Market Cap: $709.28 Billion
NVIDIA is a technology company that designs graphics processing units (GPUs) and AI chips.
NVIDIA’s ai platform, NVIDIA AI, can be used in a variety of applications, including self-driving cars, robotics, and healthcare.
In 2021, NVIDIA announced its intention to acquire Arm Limited, a leading semiconductor company, for $40 billion.
The acquisition will give NVIDIA access to Arm’s technology and intellectual property, allowing it to expand its AI capabilities.
2. iRobot (NASDAQ: IRBT)
- Ticker: IRBT
- Dividend Yield: N/A
- Market Cap: $1.06 Billion
iRobot is a company that designs and manufactures robots for home cleaning and maintenance.
Its products include the Roomba, a robotic vacuum cleaner, and the Braava, a robotic mop.
iRobot has partnerships with several companies, including Amazon, Google, and Bose.
The company is also expanding into the healthcare industry, with the development of a robotic nurse assistant.
3. Intuitive Surgical (NASDAQ: ISRG)
- Ticker: IRSG
- Dividend Yield: N/A
- Market Cap: $105.67 Billion
Intuitive Surgical is a medical technology company that designs and manufactures surgical robots.
Its products include the da Vinci surgical system, which is used for minimally invasive surgeries.
Over the last two decades, more than 29,000 peer-reviewed articles have studied Intuitive Surgical’s robotics systems.
The company has a strong balance sheet with approximately $4.6 billion in cash on hand, making them well capitalized for the future growth of robotics and artificial intelligence.
4. Northrop Grumman (NYSE: NOC)
- Ticker: NOC
- Dividend Yield: 1.56%
- Market Cap: $67.46 Billion
Northrop Grumman is a leading aerospace and defense company that has been investing heavily in robotics and autonomous systems.
Its portfolio includes a range of unmanned aerial vehicles (UAVs), ground vehicles, and marine systems, often used in a variety of industries, including defense, energy, and transportation.
The company has a strong track record of innovation and has recently launched several new products, including the Firebird multi-mission aircraft and the MQ-8C Fire Scout UAV.
Northrop Grumman’s focus on robotics and autonomous systems make the company well-positioned to capitalize on the growing demand for robotics in the defense industry.
5. Teradyne (NASDAQ: TER)
- Ticker: TER
- Dividend Yield: 0.48%
- Market Cap: $13.90 Billion
Teradyne is a technology company that designs and manufactures automated test equipment (ATE) and industrial automation products.
Their main customer segments include the automotive, aerospace, and consumer electronics industries.
The company is also expanding into the 5G market, with the acquisition of LitePoint, a wireless test solutions provider.
Overall, Teradyne is a great stock to consider and capitalize on the rapidly growing robotics industry.
6. ABB Ltd (NYSE: ABB)
- Ticker: ABB
- Dividend Yield: 2.54%
- Market Cap: $68.00 Billion
ABB is a multinational corporation that specializes in robotics, automation, and power technologies.
Its products include industrial robots, electric vehicle chargers, and renewable energy solutions.
The company has partnerships with several companies, including Volvo and Daimler, and its products are used in a variety of industries, including manufacturing, transportation, energy, and infrastructure.
ABB is one of the largest automation companies in the world by total revenue and employs more than 100,000 people.
7. UiPath (NYSE: PATH)
- Ticker: PATH
- Dividend Yield: N/A
- Market Cap: $7.75 Billion
UiPath is a New York-based company that specializes in robotic process automation (RPA) software, which allows businesses to automate repetitive and time-consuming tasks, such as data entry and document processing.
Leading global companies leverage their business AI platform including Wells Fargo, Siemens, Uber, and Xerox.
UiPath’s automation platform includes a full suite of end-to-end capabilities leveraged through robotics processing automation (RPA).
As the demand for RPA solutions continues to grow, UiPath is well-positioned to capitalize on this trend, with a leading market share and a strong track record of customer success.
8. Rockwell Automation (NYSE: ROK)
- Ticker: ROK
- Dividend Yield: 1.68%
- Market Cap: $31.95 Billion
Rockwell Automation is a Wisconsin-based company that specializes in industrial automation and control systems.
Its products include hardware and software solutions for factory automation, control systems, and information solutions.
Rockwell Automation is a global leader in industrial automation systems, and is committed to advancing its ESG commitments.
As the demand for industrial automation and control systems continues to grow, Rockwell Automation is top robotics stock to watch for 2023 and beyond.
9. National Instruments (NASDAQ: NATI)
- Ticker: NATI
- Dividend Yield: 1.92%
- Market Cap: $7.64 Billion
National Instruments is a Texas-based company that specializes in test, measurement, and control solutions for a variety of industries, including automotive, aerospace, and electronics.
Its products include hardware and software solutions for test automation, data acquisition, and control systems.
In 2022, National Instruments grew its EPS (Earnings Per Share) by more than 50% year-over-year.
As the demand for test, measurement, and control solutions continues to grow, National Instruments is a top robotics stock to keep on your radar for 2023.
Robotics Stocks: Final Takeaway
Investing in robotics stocks can be a lucrative opportunity for investors looking to capitalize on the growth potential of the robotics industry.
Robotics stocks can also allow investors to participate in the rapidly growing artificial intelligence industry, one of the fastest growing markets in the world.
Overall, the robotics industry represents an evolving and growing market, with significant potential for investors looking to diversify their portfolios and capitalize on the growth potential of this innovative and exciting industry.
Disclosure: The author holds no position mentioned in this article. Freedom Stocks has a disclosure policy.
