There are trends that go together like peanut butter and jelly. Such is the case with robotics and artificial intelligence (AI).
The global robotics market was valued at $46 billion in 2023. However, at least one firm predicts this market will grow at a compound annual growth rate (CAGR) of 15.1% between 2024 and 2032, increasing its valuation to $169.8 billion.
And because of AI, that estimate feels conservative. AI applications are not only helping to meet the current demand for automation, but they will also fuel additional demand in the future.
The 2020 supply chain disruption has shown world governments the need to onshore their supply chains. However, in many cases, onshoring requires specialized labor that is in short supply. That supply-demand dynamic is already playing out in China, and other countries are now racing to keep up.
That's why it's a good time for investors to consider robotics stocks, particularly those that will likely get a boost from AI applications. In this special presentation, MarketBeat analyzes seven stocks to play this trend.
Click the "Continue to Slide #1" button to view the first company.
