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3 Automation Stocks to Buy Right Now By StockNews

by Mike Robinson

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© Reuters. 3 Stocks in Automation to Buy Now

The rising adoption of smart technologies in various sectors and initiatives to increase efficiency are the primary factors behind the automation market’s growth. Thus, we think prominent stocks in this space, Intuitive Surgical (NASDAQ:), John Bean Technologies (NYSE:), and Materion (NYSE:), could be solid additions to one’s portfolio. Read ahead to learn more.The increasing adoption of artificial intelligence, the advent of 5G wireless technology, and smart instruments are propelling the automation market’s prospects.

Automating the workplace is becoming more popular due to human errors and faster processes. Accordingly, the market for industrial automation is projected to grow at 6.7% annually, reaching $212.41 billion in 2027.

To improve productivity, reduce costs, and decrease the demand for workers, businesses have increased automation budgets. These stocks, which are fundamentally solid in automation, such as Intuitive Surgical, Inc., John Bean Technologies Corporation, and Materion Corporation, should be encouraged.

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