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Industrial automation is rapidly changing, with companies using robotics and artificial intelligence to improve efficiency. Join the BISSI community and discover the benefits of a focused, expert-driven investment strategy.
The Rise of Autonomous Mobile Robots
One of the most exciting areas in industrial automation is the rise of autonomous mobile robots (AMRs). According to a recent report, the AMR market is expected to grow by USD 11.55 billion between 2024 and 2028. These robots are revolutionizing how industries manage tasks. For example, warehouse sorting, transportation, and even factory assembly. Companies like Amazon and Boston Dynamics are already making headlines for their advanced robotics technology. AMRs can navigate complex environments, making them indispensable in sectors like manufacturing and logistics.
But it’s not just the big players like Amazon driving innovation. Startups are also contributing to this booming market. For instance, Locus Robotics has developed robots that are transforming the way warehouses operate. With more companies adopting this technology, it’s clear that AMRs are becoming a must-have in industrial operations.
Thematic Funds are Fueling Growth in Automation Stocks
Another factor that fuels industrial automation is thematic funds. These funds are usually specialized by sectors or trends. For instance, industrial automation, robotics, and artificial intelligence. Thematic funds have been on the rise, especially in the last three years. They have been performing well. A report pointed out how these funds are becoming the favorite of investors who wish to target growth-oriented industries.
Such funds help investors invest in the future of industrial automation without having to choose specific stocks on their own. Some of the typical industrial automation market leaders, such as Siemens, Rockwell Automation, and ABB, are present in these funds. As more investors opt for thematic funds, these companies are receiving more capital and this results in their expansion as well as development.
AI is Taking Industrial Automation to New Heights
Another revolution in industrial automation is Artificial Intelligence (AI). Advanced automation systems as applied in industries, are getting better with the help of Artificial Intelligence technologies. AI can know in advance when machines are likely to break down, and proper maintenance can be carried out, hence no time and money wastage. IBM and Honeywell are among the companies that are putting a lot of capital into AI to remain relevant in such a competitive industry.
AI and Automation are not just seen to enhance processes but the envisioning of new opportunities awaits. For instance, Cognitive Automation is helping the machines to “train’ from the environment in which they exist and adapt to the new conditions accordingly. It’s being implemented in manufacturing, energy, and other sectors with a focus on this self-learning technology.
Electric Vehicles – A Boon for Industrial Automation
The increasing use of electric vehicles (EVs) is also challenging the limits of industrial automation. Tesla, Rivian, and other automobile manufacturers depend on automation in their production lines to meet the increasing demand for the electrification of automobiles. Due to the increasing market of electric vehicles, automation is crucial for the mass production of these cars. Robots are being used in factories to weld car frames and even to paint cars.
In fact, the application of automation in the auto industry has been one of the most rapidly growing fields in the last few years. The need for advanced robotics in automotive manufacturing is likely to increase when more automotive manufacturers start producing electric vehicles. This trend alone offers massive investment opportunities for anyone interested in industrial automation companies’ stocks.
5G Technology – The Backbone of Industrial Automation
The advancement of the new-generation mobile network, 5G, is another trend that is also driving industrial automation. 5G can provide very fast and efficient communication for data transfer in industrial automation systems. It helps industries directly connect thousands of machines, sensors, and devices to each other, increasing productivity.
Two primary companies are involved in the development of 5G technology: Qualcomm and Ericsson. Their technologies offer support structures, smart factories, autonomous robots, and IoT devices. This new wave of connectivity is helping industries push automation technologies to their limits.
Industrial Automation and Supply Chain Resilience
Last but not least, industrial automation is helping supply chain management by making it much more robust. Some of the changes that the pandemic brought also pointed to the need for improved automation in the supply chain. Oracle develops some of the supply chain management systems in the market and they use automation to forecast and avoid disruptions.
In the context of industrial automation, the supply chains can run more effectively and adapt to shifts in demand immediately. This has become a priority for companies in industries such as healthcare, retail, and many others.
Conclusion – Why You Should Be Looking at Industrial Automation Stocks
With so many exciting trends shaping the future of industrial automation, now is the time to start considering your investment options. The automation space is buzzing with innovation. But how do you choose the best stocks to invest in? That’s where Best In Sector Stock Investing (BISSI) comes in.
At BISSI, we help you stay ahead of the curve by ranking the top five stocks in each sector, including industrial stocks. We analyze everything from stock performance and management to financials and trends. Why risk your investments on average stocks when you can focus on the best performers in the sector? Don’t miss out—start investing in the best of the best with BISSI!
