The Next Multibagger or Just Media Buzz: Beware of the Robots (updated)

Spending more on offices than R&D: is there a troubling sign for robotics startup?

We’ve already seen the boom in infrastructure companies and drone makers — I’ve written about that in detail before. Now it’s time for robotics. I covered ARBE Robotics earlier, and now there’s a new company on the radar with strong starting positions and real potential to grow its market cap several times over.

Robots are no longer the stuff of sci‑fi — they’re becoming a real, investable infrastructure trend. The global service robotics market size was estimated at $46.99B in 2023 and is projected to reach $107.75B by 2030, growing at a CAGR of 12.4% from 2024 to 2030.

Source: Grand View Research

Despite those huge numbers, there isn’t a single clear market leader yet — the space is fragmented, full of small players and niche specialists. That means we’re still at the ‘venture’ stage: big total addressable market, but the winners haven’t been crowned. When a market grows this fast and is still consolidating, the upside for an early leader can be enormous — the environment where a future multi‑bagger can emerge.

This is exactly the thesis worth watching: scalable service robotics combined with recurring revenue models (think “Robotics‑as‑a‑Service”) and real, contractable deployments. If you’re hunting for asymmetric returns, the combination of a massive addressable market + early fragmentation = opportunity.

I’ll dig into where durable moats could form, what to watch for in unit economics, and which signals would indicate a real category winner instead of just another hardware story.