UBS Flags Five European Stocks With Growing Exposure To Humanoid Robotics

Investing.com -- Humanoid robotics, once confined to research labs and science fiction, is emerging as a commercial reality. 

According to UBS Global Research, humanoids could represent a total addressable market of $30-50 billion by 2035, rising to $1.4-1.7 trillion by 2050. 

The brokerage identifies several European-listed industrial companies with direct or indirect exposure to this evolving sector. 

UBS highlights Germany as a potential early adopter, citing its strong manufacturing base, ageing demographics and relatively high robotics penetration.

Hexagon AB

Sweden-based Hexagon AB has taken a proactive position in humanoid development. UBS reports that Hexagon formed a dedicated Robotics division in 2025 and introduced its first humanoid, AEON, developed with partners Schaeffler and Pilatus. 

AEON is designed for industrial use cases such as machine tending, part inspection and manipulation. The company’s metrology and simulation expertise provides a foundation for humanoid design and deployment in manufacturing settings. 

Renishaw Plc

Renishaw , headquartered in the United Kingdom, supplies core components used in robotic systems, including calibrators, probes and encoders, technologies that enable precision in humanoid joint and motion control. 

UBS notes that management estimates the calibration and magnetic encoder market for robots at around $800 million, though the company currently derives only about $30 million in annual revenue from robotics and automation and lists Renishaw among its “most favored” stocks for humanoid exposure.

Siemens AG

Siemens , one of Europe’s largest industrial technology groups, stands to benefit from the expansion of humanoid manufacturing capacity through its software and automation businesses. 

UBS identifies Siemens as a global top-three provider of design and simulation tools, including CAD, PLM and EDA systems, which are critical for humanoid design and testing. 

Roughly 10 % of group revenue stems from its Digital Industries division, which supplies automation software and hardware to automotive OEMs, expected to be among the earliest adopters of humanoid technologies.

SKF AB

Sweden’s SKF AB, a global leader in bearings, supplies essential components used in robotic motion systems, including humanoids.

Bearings are crucial for the dexterity and load-bearing capacity of humanoid limbs and joints.

UBS lists SKF among the European names exposed to the humanoid theme.

The company’s expertise in precision motion engineering positions it to benefit from rising humanoid production volumes.

Schaeffler AG

Germany’s Schaeffler AG, traditionally known for its automotive and industrial bearings, has expanded its focus toward robotics and humanoid-specific solutions.

UBS notes that Schaeffler has introduced lightweight and compact versions of its XZU double-row angular needle bearings, linear and rotary drive assemblies, and sensing systems designed for humanoid joints. The company is also a key partner in Hexagon’s AEON project.

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