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What are the top robotics stocks? Here’s an overview of seven companies in the space that tech investors may want to consider.

It’s no surprise that the top robotics stocks are gaining attention.

Market Research Future reports that the global robotics market could grow at a compound annual growth rate of 22.8 percent to reach US$214.68 billion by 2030 as demand for industrial robots rises and robotics companies improve their technology.

The automotive industry is the biggest source of demand for robotics. According to the Association for Advancing Automation, in Q2 2022 the sector accounted for 59 percent of industrial robot sales in North America. Automakers such as Hyundai Motor Company (KRX:005380) are also showing signs of merging into the robotics industry — in mid-2021, the South Korean company acquired a controlling stake in robotics firm Boston Dynamics for US$1.1 billion.

The medical and service robot segments are also contributing to overall robotics market growth. Surgical robots are increasingly being used in a variety of surgery types, from cardiac to spinal, allowing for better patient outcomes. The medical robotics market is expected to reach US$44.45 billion by 2030.

Which top robotics stocks to consider?

The Investing News Network is providing an overview of the seven top robotics stocks trading on the NYSE and NASDAQ. With the global robotics industry primed for massive growth in the coming years, the time is ripe for investors to jump into this space.

This list of top robotics stocks by market cap was compiled using TradingView’s stock screener. All market caps and share prices were current as of September 12, 2022.

1. Intuitive Surgical (NASDAQ:ISRG)

Share price: US$221.13; market cap: US$78.97 billion

First on this list of top robotics stocks is a leader in surgical robotics, Intuitive Surgical. The company made the first minimally invasive surgical robotic system to receive clearance from the US Food and Drug Administration.

Intuitive Surgical provides robotics-assisted platforms, including the da Vinci system, to doctors and hospitals. This system is used by surgeons across 50 US states and 66 countries around the world. The company’s revenue for the second quarter of 2022 totaled US$1.52 billion, an increase of 4 percent compared to the same quarter in 2021.


Share price: US$29.19; market cap: US$53.91 billion

ABB is a power and automation technology company with a robotics and discrete automation division that offers machine and factory automation solutions, as well as wide-ranging robotics solutions and applications. The company’s new robotics manufacturing and research facility in China is expected to open in 2022. China represents the world’s largest robotics market.

3. Emerson Electric Company (NYSE:EMR)

Share price: US$85.27; market cap: US$50.35 billion

Multi-industrial conglomerate Emerson Electric Company designs and manufactures electronic and electrical equipment, software, systems and services. The firm is best known for its automation solutions.

In August 2022, Emerson reported an almost 47 percent boost to its third quarter profits compared to the same period the previous year. The company attributed the rise to growing demand from the manufacturing industry as factories increase their use of industrial robots to make up for a growing labor shortage.

4. Rockwell Automation (NYSE:ROK)

Share price: US$284.72; market cap: US$33.08 billion

Rockwell Automation describes itself as a global leader in industrial automation and digital transformation. Through several brand umbrellas, the company offers its customers products such as automation components and integrated control systems, along with solutions to mobilize and scale manufacturing operations.


Share price: US$126.74; market cap: US$28.88 billion

AMETEK makes electronic instruments and electromechanical devices for the process, aerospace, power and industrial end markets. Its brands Haydon, Kerk and Pittman supply advanced linear and rotary motion solutions in markets such as medical equipment, laboratory instrumentation, industrial automation, semiconductors, transportation, food and beverage, material handling and robotics.

The global manufacturer's Engineered Medical Components business is a leading manufacturer of components of robotic surgery equipment for the medical device industry.

6. Textron (NYSE:TXT)

Share price: US$66.80; market cap: US$14.13 billion

Textron is a global leader in unmanned air, surface and land products, plus services and support for the aerospace and defense industries. Among other pursuits, Textron is currently working with Howe & Howe Technologies to develop an advanced small ground robotic vehicle; it has a high-torque, hybrid diesel-electric drive, along with tracks designed to operate in tough terrain and complex and confined locations.

7. Teradyne (NASDAQ:TER)

Share price: US$86.85; market cap: US$13.26 billion

Last on this top robotics stocks list is Teradyne. This leading provider of automated test equipment has made a move into the robotics market with several strategic acquisitions, including Universal Robots, Energid Technologies and MiR. Teradyne’s industrial automation group generated US$376 million in revenue in 2021, up 34 percent from US$280 million in 2020.

Is Boston Dynamics public?

Boston Dynamics is a private mobile robotics engineering firm that specializes in building robots and software for human simulation. Originally part of the Massachusetts Institute of Technology, Boston Dynamics is held by Hyundai (80 percent) and Softbank Group (TSE:9984) (20 percent).

What is robotics?

In simple terms, robotics is defined as the branch of technology that deals with the design, construction, operation and application of robots. The field has subsets such as automation and artificial intelligence.

Both automation and robotics have been used interchangeably, but these terms have certain differences. Automation is the process of using technology to carry out specific tasks, and not all robots are designed for automation. That said, most robots are, especially those with industrial uses.

How can I invest in robotics?

For investors looking to enter the robotics sector, large companies like the ones listed above may be a good place to start. Those with a broader approach who would rather put their money into the sector as a whole rather than in a single company may want to consider exchange-traded funds focused on robotics.

This is an updated version of an article first published by the Investing News Network in 2018.

Don’t forget to follow us @INN_Technology for real-time news updates!

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

How to invest in Robotics:


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