Want Exposure to the Fast-Growing Drone Market? Buy These 2 Stocks.
As the U.S. pours money into "drone dominance," these two stocks have emerged as key players.
Overview
The global drone market is soaring to new heights and is projected to more than double from $69 billion to $148 billion by 2036, according to business research firm IDTechEx. This explosive growth is being driven by geopolitical conflicts around the world, which have showcased the undeniable impact of low-cost drones.
The ongoing war between Ukraine and Russia has served as a demonstration of how drones have evolved from niche tools into dominant forces. With combat drones costing a few thousand dollars, Ukraine has proved that these aerial machines can neutralize multimillion-dollar tanks and armored vehicles.
Details
For investors seeking exposure to the growing drone industry, Red Cat Holdings (NASDAQ: RCAT) and Kratos Defense & Security Solutions (NASDAQ: KTOS) are two drone stocks that stand out. Here's why.
Source
Originally published at www.fool.com.