According to one study, “the automation testing market is valued at $20 billion in 2022 and is expected to show a compound annual growth rate of more than 15% til 2032.” Consequently, TER appears to have a bright, long-term future. Also noteworthy is that “operating margin of ROBOT (business) is gradually improving.” On July 22, Morgan Stanley (NYSE:MS) identified Fanuc as a company that will benefit from efforts to cope with inflation over the long-term. And given these strong catalysts, many robotics companies are well-positioned to succeed in the medium-term and the long-term.