Major companies are now using drones for commercial purposes.
According to Bloomberg, the global drone market stock is expected to reach US$58.4 billion by 2026, showing a CAGR of 16.4% from 2021 – to 2026.
Additionally, the global small drones market size alone is expected to be worth US$22.55 billion by 2026, Bloomberg reports.
In this article, we will compare Boeing Co. and Lockheed Martin Corp. to find the best drone market stock.
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services,
And supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide.
The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
The Commercial Airplanes segment provides commercial jet aircraft for passenger and cargo requirements, as well as fleet support services.
Its current drone market stock is US$156.97, a 2.21% rise from the previous close.
Lockheed Martin is one of the largest U.S. defense contractors. The company has a deep portfolio of sophisticated unmanned systems used by the U.S. military by air, land, and sea.
Popular Lockheed products include the Indago 3 unmanned aerial vehicle, the Condor XEP UAS, and the Stalker UAS.
CFRA analyst Colin Scarola says there is a high likelihood that U.S. defense spending will jump following the Russian invasion of Ukraine.
Its current drone market stock is US$445.74, a 2.52% increase from the previous close.