Robots have captivated our imagination since the invention of modern robotics in the 1950s. The idea of lifelike machines performing human tasks is intriguing for some and an uneasy thought for others.

But, like all technology, robotics isn’t about replacing humans. Rather, robots can automate basic tasks to free up our time for more meaningful activities. Breakthroughs in recent years have spurred the adoption of automation processes within organizations, and some estimates point to an acceleration in global adoption of robotics. Worldwide spending could double from 2020 to 2025 and reach nearly $210 billion. Investing in robotics company stocks could therefore be a lucrative move in the years ahead.