The robotics industry has proven its mettle amid the Covid-19 pandemic with machines taking the place of humans in order to stave off further infections from the virus. That said, a recent Robotics & Automation News article identified additional trends that can only further the expansion of the robotics industry–good news for ETFs like the Robotics & AI Bull 3X ETF (NYSEArca: UBOT).
“The robotics industry is one that has been evolving and growing over recent years,” the article noted. “New developments in the industry have allowed both individuals and larger corporations to perform certain tasks in a much more efficient way.”
Among the trends identified include companies teaming up, large acquisitions, scaling up inventory in retail, and reduced debates on the types of robots used for specific applications.
“This industry is set to become extremely profitable as more companies realise that they could use robots within their organisation,”