Robotics involves the design, construction, and operation of robots to automate tasks across industrial, commercial, and consumer sectors. It is increasingly integrated with AI for enhanced perception and decision-making.

Labor shortages, rising wages, and the need for precision manufacturing are driving the adoption of robotics. Advances in "intelligent hardware" and IoT are expanding robotics from factory floors to homes and warehouses.

• Pure Plays: Fanuc, ABB, Intuitive Surgical.
• Significant Exposure: BYD Electronic (International) Company Limited (manufacturing intelligent products, drones, and industrial equipment).
• Adjacent Exposure: Sensor manufacturers, AI chip makers.
• Siemens AG

• High R&D Costs: Significant upfront investment required for specialized robotic systems.
• Complex Integration: Difficulty in integrating robots into existing workflows.
• Economic Sensitivity: Capital expenditure on robotics is often the first to be cut during a recession.

• 2026-04: BYD Electronic (International) Company Limited maintains exposure to robotics and intelligent hardware, though visibility on sustainable growth in this segment is currently limited.

• Factory Automation
• AI Infrastructure