Five ways into the robotics sector

The robotics industry looks a solid bet, but it is also a young, innovative sector where new technologies are constantly emerging. So buy companies with existing strong technology and large, diverse client bases, rather than 'one-product wonders'. Here are five to buy now.

While the robotics industry looks a solid bet, it is also a young, innovative sector where new technologies are constantly emerging. So it makes sense to buy into companies with existing strong technology and large, diverse client bases, rather than 'one-product wonders' that could be left floundering in the wake of rivals as technology advances.

To get exposure to the huge growth potential in domestic robots, the least risky option is iRobot (NASDAQ: IRBT). The firm operates in both the professional and domestic service robot markets. As noted here: Cash in on the robot revolution, its Seaglider robot has been useful in the Gulf disaster. And it is using the commercial success it has already achieved with relatively simple consumer applications, such as the Roomba robot vacuum cleaner, to fund development of more innovative products.

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