The global robotics technology market, valued at US$72.17 billion in 2022, is forecasted to reach US$283.19 billion by 2032, fueled by rising demand for industrial robots and technological advancements. The automotive sector, in particular, is driving the adoption of robotics, with North America seeing record-high industrial robot sales in 2022. With this data in mind, here are the companies with the best robotic stocks today.
Honeywell International
Leading a share price of US$186.61 and a market cap of US$134.36 billion, Honeywell is advancing warehouse automation through its smart robotics technologies. These include autonomous mobile robots and AI-powered solutions, aimed at enhancing operational efficiency while prioritizing safety and productivity. Honeywell’s commitment to innovation in robotics is evident across diverse industries, ensuring continuous improvements in automation systems.
Intuitive Surgical
Intuitive Surgical leads the field of minimally invasive surgeries with its da Vinci surgical system, the pioneering FDA-cleared robotic surgical system. Through its global reach and range of robotics-assisted surgical systems, Intuitive Surgical remains at the forefront of surgical robotics innovation. Currently, the company has a share price of US$278.69 and a market cap of US$98.12 billion.
Medtronic
Medtronic, with a share price of US$72.48 and a market cap of US$96.44 billion, is reshaping urologic procedures through its Hugo robotic-assisted surgery system, known for its versatility and affordability. The recent introduction of Hugo in North America signifies Medtronic’s commitment to advancing robotic surgery and enhancing global patient care standards.
NVIDIA
NVIDIA, with a share price of US$459.55 and a market cap of US$1.14 trillion, is a leader in AI-driven robotics, leveraging its renowned graphics processing units (GPUs). Its AI Robotics Research Lab focuses on developing advanced robots for industries like manufacturing and healthcare, highlighting the company’s dedication to advancing robotics and AI technologies.
Stryker
Stryker is transforming joint replacement surgeries with its innovative surgical robotics systems like the Mako robotic arm system. Right now, it has a share price of US$275 and a market cap of US$104.47 billion. The company aims to broaden its scope by venturing into shoulder and spine surgery applications, highlighting its dedication to utilizing robotics and AI to improve patient outcomes in orthopedic procedures.
Thermo Fisher Scientific
Thermo Fisher Scientific has a share price of US$459.24 and a market cap of US$177.44 billion. Today, it’s a frontrunner in the healthcare and scientific research sector. Teaming up with Celltrio, it provides automated cell culture systems for biotherapy researchers, showcasing its commitment to advancing medical research through laboratory robotics and automation.
Qualcomm
Qualcomm boasts a share price of US$120.72 and a market cap of US$134.36 billion. Its Robotics RB6 Platform is reshaping the robotics landscape, offering solutions for autonomous mobile robots, manufacturing automation, and urban air mobility. By harnessing AI and 5G technologies, Qualcomm is driving innovation in robotics, paving the way for future advancements in various industries.
As the robotics industry continues to expand, these leading companies are well-positioned to capitalize on the growing demand for robotics solutions across various sectors. Investors looking to tap into the potential of the robotics market may consider these top-performing stocks for their investment portfolios.
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