Since the mid-1900s, modern robotics has captivated our collective imagination. The prospect of machines performing tasks once exclusive to humans is both thrilling and, for some, a bit disturbing.

Nevertheless, robotics' true purpose is to enhance human productivity by automating mundane and repetitive tasks, thereby freeing us to engage in more meaningful activities. Recent breakthroughs in technologies such as generative AI, exemplified by services like ChatGPT, have accelerated the adoption of automation significantly within various industries. 

Various predictions and estimates indicate a substantial increase in global robotics investment. Goldman Sachs recently predicted that the global market for just humanoid robots could reach $38 billion by 2035. This growth suggests that investing in robotics stocks could be a savvy financial move in the near future.

So, let’s take a closer look at five companies that are not just leading the charge but also pushing the boundaries with their innovative robotic solutions in their respective sectors. 

Emerson Electric Co.

Emerson Electric (NYSE: EMR) is a global technology and software company that offers a range of solutions for industrial, commercial, and consumer markets across the Americas, Asia, the Middle East, Africa, and Europe.

The company is involved in robotics primarily through its Discrete Automation segment, which provides programmable automation control systems and electric linear motion solutions. These technologies are integral to robotic operations, enhancing precision and efficiency in industrial applications. Additionally, the AspenTech segment contributes by offering asset optimization software, which helps industrial manufacturers design, operate, and maintain robotic and automated systems for improved performance.

Medtronic PLC

Medtronic (NYSE: MDT) is a leading global medical technology company that develops and manufactures devices to improve patient outcomes. Its diverse portfolio includes products for cardiac and vascular health, spinal and biologics, diabetes management, and neuromodulation.

MDT is involved with robotics primarily through its development of robotic-assisted surgical technologies. These innovations enhance precision and outcomes in minimally invasive procedures, aligning with Medtronic’s commitment to leveraging advanced technology to improve patient care and operational efficiency.

Caterpillar Inc.

Caterpillar (NYSE: CAT), a Fortune 500 company that needs no introduction, is pushing the boundaries with robotics through its investment in advanced technologies to enhance productivity and reduce costs. The company integrates automation and robotics into its machinery, improving efficiency in construction and mining operations. This commitment to innovation positions Caterpillar well for long-term growth, bolstered by its strong balance sheet and ongoing investments in research and development.

Teradyne, Inc.

Teradyne (NASDAQ: TER) designs, develops, manufactures, and sells automated test systems and robotics products globally. The company provides collaborative robotic arms, autonomous mobile robots, and advanced robotic control software, serving manufacturing, logistics, and industrial customers. These innovative robotic solutions enhance productivity and efficiency, making Teradyne a key player in the automation and robotics market.

The Robo Global Robotics and Automation Index ETF

The ETF (NYSE: ROBO) focuses on stocks in the robotics and automation sectors. Managed by ROBO Global and launched on October 22, 2013, it tracks a global index of companies engaged in these innovative industries, employing a tiered weighting strategy for its portfolio.

ROBO’s top holdings include prominent companies such as Teradyne, Zebra Technologies, Intuitive Surgical, and Rockwell Automation. This diversified approach allows investors to gain exposure to the rapidly growing robotics and automation markets, leveraging the performance of leading firms in these fields.