What is the future outlook for the robotics industry?
The future outlook for the robotics industry is very promising. Robotics has the potential to revolutionize several industries, including manufacturing, healthcare, logistics, and agriculture. It can help companies in these industries save time, reduce costs, and increase productivity.
According to an estimate by McKinsey, the general-purpose robotics market could reach a staggering $370 billion by 2040, with 50% of that value coming from China.
AI could play a key role in accelerating the adoption of robotics. The technology can make robots more autonomous, enabling them to perform more tasks without human intervention. For example, AI-powered robots are giving rise to "dark factories" or "lights-out manufacturing" as companies build fully automated manufacturing facilities that can operate in complete darkness without any human presence.
The expected growth of the robotics industry should benefit the top robotics stocks.