The entire hedge fund industry is feeling the reverberations of the changing financial landscape. You should practice extreme caution while choosing stocks to invest in amid the increasing financial volatility, which is making things difficult even for the smart money. The use of commercial drones alone in the market is estimated to grow at a CAGR of 28% by 2026, which is the highest growth rate among all drone sectors, including the government, law enforcement, military, and consumer segments. The idea that drones can only be used in war and maybe even only in business is rapidly changing, with battery-powered commercial drones taking over the market. While military drones remain a useful contributor to the drone industry's growth even today, with it being estimated that military drones would contribute up to $19.6 million by 2026 to the drone industry as a whole, they are certainly not going to remain the sole contributors. In the future, drones will continue to become integrated into everyday life. Additionally, the global small drones market size alone is expected to be worth $22.55 billion by 2026, Bloomberg reports. According to Bloomberg, the market for drones is expected to reach $58.4 billion by 2026, showing a CAGR of 16.4% from 2021 - 2026. Major companies are now using drones for commercial purposes. As a result, they have become part of every day for businesses and consumers alike. For example, by January 2021, over 1.78 million drones were registered by the FAA in the US alone. However, in the 21st-century, drones have become much more commonplace than they were in preceding centuries, infiltrating the consumer market and becoming associated with more than just the idea of war. Those among you who have an avid interest in history may perhaps think of war the first time you hear the word 'drone' mentioned. You can skip our detailed analysis of the drone industry and go directly to see 5 Best Drone Stocks to Invest In. In this article, we will look at the 10 best drone stocks to invest in based on the data of over 860 hedge funds tracked by Insider Monkey.
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