In today’s world, the competency of robots is no longer limited to the factory assembly lines. Modern robots are widely used in fields such as healthcare, transport & logistics, defense, homecare and emergency response. As per the 2015 World Robot Statistics report issued by the IFR International Federation of Robotics, global sales of industrial robots would grow at least 15% year over year by 2018; while demand for private-service robots is expected to reach almost 35 million units in the same time frame.
Robots come with a variety of intrinsic advantages, and hence their swiftly growing demand. These modern gadgets help augment efficiency as well as lower expenses of industrial manufacturing processes. At the same time, these assist in making human life easier and more comfortable in almost every aspect.
The global robotics industry is experiencing rapid growth in the recent times, led by increasing demand for both service and industrial robots. Below we have provided minute insights about 4 renowned robotics companies that are driving growth in the contemporary robotics market.
iRobot Corp. IRBT, a premium multinational robotics company, is based in Bedford, MA. Operating through two major segments, iRobot designs, manufactures and markets non-imitable robots for use in household, security, defense and telemedicine domains. This company currently possesses long-term expected earnings per share (“EPS”) growth of 19% and a 23.89 Forward Price/Earnings (P/E) ratio. Demand for iRobot’s Roomba robots continues to see a steady increase across almost all major economies, mainly in China and the U.S.
These robots offer innovative ways of vacuum cleaning and floor mopping and scrubbing for household customers. Notably, the company’s defense and security segment secured valuable contracts in recent times.
HollySys Automation Technologies, Ltd. HOLI, a renowned Chinese robotics company, offers control technologies, products and automation services to customers in domains like nuclear power, mechanical & electronics, railway and subway. The company has a 9.79 Forward Price/Earnings (P/E) ratio, with a positive average earnings surprise of 6.28% for the last four quarters. Apart from services and products related to rail transportation and industrial automation, the company also provides unique medical automation equipment for modernizing healthcare services.
Rockwell Automation Inc. ROK is a popular information solutions and industrial automation service provider in the U.S. The company offers innovative technological gadgets which are utilized in sensing devices, network technology, motor control devices, control systems, industrial control components and security technology. The company currently has an expected long-term EPS growth of 7.13% and a 15.57 Forward P/E ratio.
The company’s robotic products witness high demand from the booming economies of the world. The company is currently recognized as the leading global provider of industrial automation, power, control, and information solutions.
Adept Technology Inc. ADEP is a prominent industrial automation and robotics company in the U.S. The company designs, manufactures and markets robotic systems, motion control and machine vision technology for global markets including automotive, consumer electronics, consumer goods, disk drive, food, industrial tooling, medical devices, and pharmaceuticals. This company has expected long-term EPS growth of 21.67%. The company’s products and technological expertise retains a unique place in the robotics industry.
The four above-mentioned companies, along with many others, are presently contributing to the growth of robotics industry. We believe the rare innovations and high-end robotic gadgets offered by these companies will help mankind utilize resources in the most productive and optimal manner in the long run, apart from making life a lot simpler.
Looking for the next stocks that will revolutionize their industries? Make sure to read more about the newest Zacks portfolio, Game Changers, and how this service will find companies poised to disrupt their markets. Click here for more information about this brand-new portfolio >>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ROCKWELL AUTOMT (ROK): Free Stock Analysis Report
HOLLYSYS AUTOMT (HOLI): Free Stock Analysis Report
ADEPT TECH INC (ADEP): Free Stock Analysis Report
IROBOT CORP (IRBT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research