Remember the days when tech gurus boldly predicted that there would be a robot in every home and a robot for every task?

Hmm… not so much.

Frankly, those early predictions were way too bold. Massive robot armies and a Star Wars-like future are still years away.

With that said, the robotics market continues to grow strongly, and its presence in our lives is increasing at a steady clip. We're watching the trend very closely at Wall Street Daily.

Now, there's no question that the following firm is one of the undoubted leaders in the space. But is it worthy of a place in your portfolio right now?

iRobot Turns Boring Into Brilliant

As I alluded to already, demand from industry, manufacturing, defense, healthcare, and mobile technology is surging, and the robotics industry is trending higher… big time!

By 2018, the global industrial robotics market is expected to be valued at $37 billion, according to Research and Markets. And the service robotics industry is projected to be worth $46.1 billion by 2017.

And when that “robot in every home” future eventually comes,iRobot (IRBT) is poised to profit from it.

You're probably familiar with iRobot's main product already. The Roomba robotic vacuums have reinvented household cleaning and upended the entire industry.

As they continue to improve, robotic vacuums now account for 18% of vacuums sold in developed countries. That number will likely grow, given the added convenience and functionality of a “set-it-and-forget-it” machine to complete a boring household chore. iRobot also has robots specifically designed for cleaning hard floors, which may make similar inroads.

Now, you might think that this is a pretty mundane market for iRobot to conquer.

Far from it.

By sensing its surroundings, making necessary adjustments, and choosing the right tools for the job, iRobot's technology has taken artificial intelligence to the next level and distinguished a savvy robot from a mere machine.