Jun 15, 2017, 2:42 pm EDT |By Tom Taulli, InvestorPlace Writer & IPO Playbook Editor <\/p>\n
Robots may still seem kind of like a niche industry, but the reality is much different. Over the years, companies especially manufacturers have invested substantial sums on robotics. In fact, back in 2012, Amazon.com, Inc. (NASDAQ:AMZN) plunked down $775 million for Kiva Systems, a top robotics manufacturer for warehouses. <\/p>\n
Source: Shutterstock <\/p>\n
No doubt, the industry represents a nice growth opportunity. Lets face it, robotics are often cheaper than traditional labor. <\/p>\n
But there are also powerful trends that are driving the growth. Just some include high-speed chips, sensor technologies, cloud computing and Artificial Intelligence (AI). <\/p>\n
So how big is the opportunity? According to research from IDC, the worldwide spending on robotics is expected to more than double by 2020 to a whopping $188 billion. Indeed, there is quite a bit of room for many players to reap hefty profits. <\/p>\n
What are some of the companies to consider now? Lets take a look at the following tech stocks to buy: <\/p>\n
Next Page <\/p>\n
Article printed from InvestorPlace Media, http:\/\/investorplace.com\/2017\/06\/4-tech-stocks-that-will-dominate-robotics\/<\/a>. <\/p>\n 2017 InvestorPlace Media, LLC <\/p>\n <\/p>\n Excerpt from: <\/p>\n 4 Tech Stocks That Will Dominate Robotics - Investorplace.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Jun 15, 2017, 2:42 pm EDT |By Tom Taulli, InvestorPlace Writer & IPO Playbook Editor Robots may still seem kind of like a niche industry, but the reality is much different. Continue reading