Design, building, use, and application of robots are the topics of robotics engineering, an interdisciplinary science. Robotics engineering is a growing industry due to the advent of automation and the growing demand for productive processes that are both effective and economical. Over the following ten years, there will likely be a significant growth in the demand for robotics engineers, making this a lucrative career path.
The rapid expansion of the robotics sector is one of the primary causes of the increased demand for robotics engineers. The global robotics market is anticipated to reach $135.4 billion by 2027, expanding at a CAGR of 11.3% from 2020 to 2027, according to a report by Allied Market Research. The growing use of robotics in a variety of sectors, including healthcare, manufacturing, logistics, and agriculture, is the primary driver of this expansion.
Large corporations have also been interested in the robots sector. A fund that invests in businesses engaged in robotics and artificial intelligence is the Global X Robotics & Artificial Intelligence ETF (BOTZ). NVIDIA, iRobot, and Intuitive Surgical are a few of the businesses in BOTZ. These businesses, who are pioneers in their sectors, stand to gain from the expansion of the robotics sector.
A solid method to benefit from the expansion of the robotics industry is to invest in robotics stocks. Intuitive Surgical (ISRG) is one of the greatest robotics stocks to invest in. The da Vinci Surgical System from Intuitive Surgical, a pioneer in robotic-assisted surgery, is utilized extensively in hospitals throughout the globe. The business is in good financial shape and has a promising future, making it a wise investment for individuals who are drawn to the robotics sector.
The largest robot producer in the world is the Japanese robotics firm Fanuc Corporation. Fanuc is a company that develops and produces industrial robots, CNC systems, and solutions for factory automation. The business serves a wide range of clients in industries like automotive, electronics, and medical devices and has a global presence.
Hercules, a humanoid robot created by the Korean Advanced Institute of Science and Technology (KAIST), is one of the fastest robots in existence. Hercules is able to sprint quicker than the normal person, reaching a top speed of 30 km/h. The DARPA Robotics Challenge, a competition with the goal of creating robots that can aid humans in disaster response situations, is where the robot was first intended to compete.
In conclusion, the subject of robotics engineering is in high demand and is predicted to expand quickly in the years to come. The need for automation is rising, and the robotics sector is expanding, making it a viable employment choice. A solid method to benefit from the expansion of the robotics industry is to invest in robotics stocks. Leaders in the robotics sector, such as Intuitive Surgical and Fanuc, are anticipated to profit from the sector’s expansion. Last but not least, remarkable robots like Hercules show the potential of robotics engineering to change numerous industries and help people in difficult circumstances.
For use in its plants, Tesla makes its own robots. The business’s in-house robotics engineers and technicians develop, create, and maintain the company’s robots.