What it holds
Robotics Supercycle follows the money through the Robotics bill of materials: the parts it takes to build it, and the companies that earn their revenue supplying them. Each company is read from its own reports, so a holding reflects what it actually sells into the theme, not what it says about it.
| Part | What it covers |
|---|---|
| Servo Motors & Drives | servo motors, motor drives |
| Precision Reducers (Industrial) | precision reducers |
| Machine Vision & Sensors | machine vision, robotic sensors |
| Controllers, PLCs & Factory Auto | plc controllers, factory automation systems |
| Connectors, Power & Materials | industrial connectors, motion power components |
| Cobots, Safety & End-Effectors | industrial robots, collaborative robots, end effectors, machine safety |
| Linear & Rotary Actuators | linear actuators, rotary actuators |
| Humanoid Reducers & Joints | humanoid joint modules |
| Edge AI & Embodied Compute | edge AI processors, robot software |
| Batteries & Mobile Power | robot batteries |
| Dexterous Manip. & Perception | dexterous hands, tactile sensing |
| Humanoid OEM & Integration | humanoid robots |
How it breaks down
- Japan32%
- China21%
- United States21%
- Hong Kong11%
- South Korea5%
- Other10%
- Large cap ($10bn to $200bn)27%
- Mid cap ($2bn to $10bn)52%
- Small cap (under $2bn)21%
Shares of the strategy as of the data date.
Largest companies
| Company | Listing | Market value |
|---|---|---|
| Novanta | NOVT.XNAS | $6 billion |
| Rockwell Automation | ROK.XNYS | $49 billion |
| Symbotic | SYM.XNAS | $24 billion |
| HMS Networks AB | HMS.ST | $2 billion |
| China Leadshine Technology | 002979.SHE | $3 billion |
| 2432.Hk | 2432.HK | $1 billion |
| 2715.Hk | 2715.HK | $2 billion |
| SIASUN Robot Automation | 300024.SHE | $3 billion |
| Shenzhen Inovance Tech | 300124.SHE | $23 billion |
| Doosan Robotics | 454910.KO | $3 billion |
| Thk Co.,Ltd. | 6481.T | $4 billion |
| YASKAWA Electric | 6506.T | $7 billion |
| Omron | 6645.T | $7 billion |
| Yokogawa Electric | 6841.T | $8 billion |
| Keyence | 6861.T | $122 billion |
The market
Industrial robot installations (units, not dollars)
International Federation of Robotics (IFR), 2024Expected growth in industrial robot installations to 575,000 units (a year)
International Federation of Robotics (IFR), 2025Total addressable market for robots, not a sales forecast for a given year
Goldman Sachs Research, 2035Factory automation, including control systems, software, CNC and industrial robotics
MarketsandMarkets, 2025Estimates differ widely because vendors define scope differently: factory automation ranges from USD 36B to 275B, and connectors from USD 2.3B to 93.7B, while forecast growth rates for humanoids and cobots also vary sharply. The IFR figures are the only trade-body data, and the IFR reports units as well as a dollar value.
All 26 published estimates, with sources
| What it measures | Figure | Year | Source |
|---|---|---|---|
| Expected growth in industrial robot installations to 575,000 units (a year) | +6.0% | 2025 | International Federation of Robotics (IFR) |
| Global market value of industrial robot installations | $16bn | not stated on the page (possibly 2024) | International Federation of Robotics (IFR), via Business Wire |
| Industrial robot installations (units, not dollars) | 542,000.0 units | 2024 | International Federation of Robotics (IFR) |
| Factory automation, including control systems, software, CNC and industrial robotics | $275bn | 2025 | MarketsandMarkets |
| Industrial control and factory automation (growth, a year) | +9.5% | 2024-2032 | PS Market Research |
| Industrial control and factory automation | $166bn | 2024 | PS Market Research |
| Total addressable market for robots, not a sales forecast for a given year | $38bn | 2035 | Goldman Sachs Research |
| Collaborative robots (growth, a year) | +32% | 2025-2034 | Global Market Insights |
| Collaborative robots | $1.9bn | 2024 | Global Market Insights |
| Collaborative robots, possibly including accessories and software | $3.7bn | 2024 | IMARC |
| Factory automation, narrower definition (growth, a year) | +11% | 2025-2030 | Grand View Research |
| Factory automation, narrower definition | $36bn | 2024 | Grand View Research |
| Harmonic and RV reducers combined | 2,045.0 USD million | 2024 | Valuates/QYResearch |
| Humanoid robots (growth, a year) | +43% | 2025-2030 | BCC Research |
| Humanoid robots (growth, a year) | +138% | 2024-2030 | ABI Research |
| Humanoid robots | $1.4bn | 2024 | BCC Research |
| Humanoid robots | $6.5bn | 2030 | ABI Research |
| Industrial and factory automation, narrower definition | $148bn | 2025 | Market Data Forecast |
| Industrial connectors, likely all connector types | $94bn | 2024 | Zion Market Research |
| Industrial connectors, narrower definition | $8.7bn | 2024 | Global Market Insights |
| Machine vision | $11bn | 2024 | Expert Market Research |
| Machine vision | $13bn | 2024 | MarkNtel |
| Programmable logic controllers | $12bn | 2025 | Global Market Insights |
| RV precision reducers | $2.5bn | 2025 | Dataintelo |
| Servo motors and drives | $13bn | 2024 | IMARC |
| Servo motors and drives | $20bn | 2024 | Global Market Insights |
Questions
- What is Robotics Supercycle?
- Industrial and collaborative robots, their components, factory automation and humanoid robots.
- What does Robotics Supercycle hold?
- Listed companies that earn their revenue from the parts it takes to build Robotics Supercycle: Servo Motors & Drives, Precision Reducers (Industrial), Machine Vision & Sensors, Controllers, PLCs & Factory Auto, Connectors, Power & Materials, Cobots, Safety & End-Effectors. 32 companies as of 2026-10-28.
- What is not in Robotics Supercycle?
- Integrated servo joint modules for industrial arms: Servo Motors & Drives, not Precision Reducers (Industrial) or Linear & Rotary Actuators; humanoid joint modules stay in Humanoid Reducers & Joints Standalone harmonic, strain-wave and cycloidal reducers: Precision Reducers (Industrial), not Humanoid Reducers & Joints; Humanoid Reducers & Joints holds only integrated joint modules Packaged rotary and linear Linear & Rotary Actuators: Linear & Rotary Actuators, not Servo Motors & Drives; motors and drives sold alone stay in Servo Motors & Drives
Sources
Every part of the bill of materials is researched from published industry sources, and every company from its own annual reports and exchange data. Nothing is estimated that cannot be sourced.
Industry research: advisor.morganstanley.com/john.howard/documents/field/j/jo/j · asiabits.com/insights/how-much-does-it-cost-to-build-a-human · baike.baidu.com/en/item/Reducer/4736336 · blog.robozaps.com/b/economics-of-humanoid-robot-production · dataintelo.com/report/industrial-connectors-market · equitybypiyush.substack.com/p/the-money-in-a-humanoid-is-in- · eu.36kr.com/en/p/3780414717129481 · humanoid.guide/humanoid-joint-actuator-cost/ · humanoid.guide/the-humanoid-robot-supply-chain/ · industrialmonitordirect.com/blogs/knowledgebase/industrial-a · institute.bankofamerica.com/content/dam/transformation/human · institute.bankofamerica.com/content/dam/transformation/physi · interactanalysis.com/insight/humanoid-robots-driving-demand- · kiloiot.io/blog/robot-integration/ · koeed.com/blogs/daily-plc-news/industrial-automation-market- · read.corematter.com/p/humanoid-robot-actuator-cost-bom-analy · rellingsystems.com/resources/robot-cost/robot-cell-cost-brea · rellingsystems.com/resources/robot-cost/robot-integration-co · robotic-industries.com/industry-economics/industrial-robot-p · roboticscableassembly.com/blog/robot-cable-assembly-cost
What it is not
Where an item could belong to two parts, these rules decide which owns it; items outside every part are not counted.
- Integrated servo joint modules for industrial arms: Servo Motors & Drives, not Precision Reducers (Industrial) or Linear & Rotary Actuators; humanoid joint modules stay in Humanoid Reducers & Joints
- Standalone harmonic, strain-wave and cycloidal reducers: Precision Reducers (Industrial), not Humanoid Reducers & Joints; Humanoid Reducers & Joints holds only integrated joint modules
- Packaged rotary and linear Linear & Rotary Actuators: Linear & Rotary Actuators, not Servo Motors & Drives; motors and drives sold alone stay in Servo Motors & Drives
- Robot arm with its bundled controller and teach pendant: Cobots, Safety & End-Effectors, not Controllers, PLCs & Factory Auto; standalone PLCs and motion controllers stay in Controllers, PLCs & Factory Auto
- Compute and software bundled into a finished humanoid: Humanoid OEM & Integration, not Edge AI & Embodied Compute; chips and software licensed separately: Edge AI & Embodied Compute
- Humanoid OEM & Integration weights only the OEM's own assembly, integration and margin: Humanoid OEM & Integration, not component buckets; purchased components go to their component buckets
- Cameras, 3D depth sensors, lidar and general robot perception hardware: Machine Vision & Sensors, not Dexterous Manip. & Perception; only tactile and hand sensing: Dexterous Manip. & Perception
- Ball screws, roller screws and linear guides: Linear & Rotary Actuators, not Humanoid Reducers & Joints or Precision Reducers (Industrial)
- Force-torque and joint encoders and torque sensors: Machine Vision & Sensors, not Dexterous Manip. & Perception or Humanoid Reducers & Joints; fingertip tactile skins: Dexterous Manip. & Perception
- Industrial grippers and tool changers: Cobots, Safety & End-Effectors, not Dexterous Manip. & Perception; multi-finger humanoid hands: Dexterous Manip. & Perception
- Batteries, BMS and chargers for mobile robots: Batteries & Mobile Power, not Connectors, Power & Materials; Connectors, Power & Materials covers motion power components for fixed industrial robots
- Servo and motor drives, including from PLC vendors: Servo Motors & Drives, not Controllers, PLCs & Factory Auto
- Light curtains, safety scanners and safety PLCs: Cobots, Safety & End-Effectors, not Machine Vision & Sensors or Controllers, PLCs & Factory Auto
- Robot operating software, AI models and simulation: Edge AI & Embodied Compute, not Controllers, PLCs & Factory Auto; PLC programming and factory control software: Controllers, PLCs & Factory Auto
- Cost convention: installation and integration labour follows the product it installs, and standalone system integrator services go to Controllers, PLCs & Factory Auto as factory automation systems
- Magnets, cabling and specialty materials sold separately: Connectors, Power & Materials, not Servo Motors & Drives; magnets inside a finished motor stay in Servo Motors & Drives
Not investment advice. Figures are dated and sourced; ThematIQ does not estimate figures it cannot source.