It’s here and growing rapidly. It’s the new robotics revolution. Increasingly, businesses are developing and using robots to replace human jobs. Much of it started with the military and now mainstream business is building on that success. Some analysts believe that it is following Moore’s law, doubling every two years.
The military’s “Reaper” drone can stay aloft for long periods, and gather information over a wide area that was not previously possible with manned aircraft. The Reaper scans what they see and can spot an object in the dirt from more than a mile away. These drones are operated from an iPhone App. This drone use is being transferred into the private sector and by 2015 civilian airspace will be opened to drones.
Google (GOOG) has carried this a step further and developed a driverless car that gained approval on California highways, and has logged some 300,000 miles so far.
In a separate project Google has purchased an Image Recognition Service for mobile devices. It is now possible to deposit your check in your bank account from your Smartphone by taking a picture of the front and back of the check and entering them into your account.
Microsoft (MSFT) purchased the Kinect robot. It can take pictures and create 3D scans of objects. It can grasp an object and move it in the right place.
Irobot (IRBT) has captured the medical sector. It has gained FDA approval for a robot the works with doctors. It stands 5 feet tall and has a computer for a face. It has sensors that can maneuver down busy hospital corridors. From a distant location a doctor simply pushes a button in his/her iPhone and the robot that is miles away makes its way the patient’s room. The robot has stored the patient’s medical records. With a zoom, the doctor can read the chart, and have a two-way conversation with the patient.
Irobot works closely with the military. It produces drones that seek out bombs and disarms them, avoiding a dangerous human activity.
In addition iRobot has a line of home robots designed to do housework.
Adept Technology (ADEP) designs, manufacturers and markets robotic systems in a wide range of markets including motion control and vision technology, for global markets. Industry groups include automotive, consumer electronics, consumer goods, disk drives, food, industrial tooling, medical devices and pharmaceuticals.
Hollysys Automation (HOLI) is a leading automation systems provider in China. It is engaged in research development, production, sales and distribution of industrial automation for digital railway systems and information systems. e-government, motor drive transmissions and controls for nuclear power reactors.
Rockwell Automation (ROK) is a leading industrial automation power, control and information solutions provider that helps customers meet their manufacturing objectives. It draws from leading suppliers to design and assemble an individual solution for a company’s needs.
IRobot, Adept Technology, Hollysys Automation and Rockwell Automation were chosen because they ranked highest in the Industrial Robotics Sector based on Weighted Alpha.
The above discussion is neither a recommendation to buy nor to sell these securities. You must always do your own diligent research.