If you've been following along – we've been sharing how we've been in the “Eye of the Robo Storm” not only in terms of old market maturation and cyclicality awaiting the pull-through from globalization of manufacturing, but new markets blossoming from major advancements in energy and AI bringing a massive upgrade cycle and new markets
The robotics market has weathered a challenging 14-month period. It has faced headwinds such as rising rates, China's slowdown, labor issues, and project delays.
This probably will surprise most people reading this, but the robotics space overall faced one of its most challenging years in recent memory. There was 14 months of consecutive negative PMI in the US and slower-than-expected growth in China, per Schwab's Market Update on June 4th.
VettaFi is dedicated to providing indexes that track the rapidly evolving fields of robotics, artificial intelligence, and healthcare technologies. The ROBO Global suite was the pioneer behind the world's first robotics index, along with affiliated ETFs, launched back in 2013.