ASX Robotics Stocks: 3 Biggest Companies in 2024

Market cap: AU$30.88 billion; current share price: AU$94.22

WiseTech Global provides software solutions to logistics businesses in 173 countries. Its CargoWise platforms are designed using workflows, automation and robotics. The WiseTech Global Group includes more than 30 businesses.

The tech powerhouse has performed positively over the past year, with its share price rising about 25 percent since the start of 2024. In its most recent half-year report, which covers the first half of its 2024 financial year, the company reported a 32 percent increase in total revenue compared to the year-ago period.

Market cap: AU$8.6 billion; current share price: AU$65.29

Altium is a leading global software company that focuses on 3D-printed circuit board (PCB) design. Although seemingly obscure, the PCB design tool Altium Designer is used by robotics companies like iRobot (NASDAQ:IRBT). The company also sponsors student robotics design competitions that focus on PCB design.

The half-year segment ended on December 31, 2023, was strong for Altium. The company reported revenue of US$138.6 million, a 16 percent increase over the previous period, and announced a final dividend of AU$0.30 per share.

Market cap: AU$102.15 million; current share price: AU$0.023

FBR designs, develops and builds dynamically stabilised robots for the global construction market. The robots are made to work outdoors and employ FBR's Dynamic Stabilisation Technology.

This technology was first used in the Hadrian X, a brick-laying robot that can build structural walls more efficiently than traditional methods and with less waste. The robots have built both residential and commercial buildings since their launch in 2018. In March of this year, the next-generation Hadrian X construction robot successfully completed its factory acceptance test, and will be shipped to the US for a site acceptance test.