Robotics: Long-term Investing for Wealth Expansion

Industrial robots have been in use for more than 50 years. Today, a convergence of technological advancements, with economic and demographic trends, is leading to the adoption of robotics far beyond automotive assembly to include a wide variety of industries.  Many governments have made Robotic and Autonomous Systems (RAS) a strategic initiative for economic growth. With global labor costs converging, the world's major industrial economies are increasingly viewing investments in RAS technology as essential in a global manufacturing "arms race."  Robot "density" also remains low, particularly in the United States and China, indicating that there may be significant opportunity for future growth in RAS adoption.