The Companies Behind the Drone Revolution
Clarity in a Changing World.
For informational purposes only. Not investment advice.
Introduction
Every technological revolution creates two kinds of winners.
The first build the products everyone can see.
The second develop the technologies that make those products possible.
History suggests that the second group often captures more enduring value.
The railway rewarded steel producers and financiers as much as railway operators. The smartphone created enormous wealth not only for handset manufacturers but also for semiconductor designers, operating system developers and software companies.
The rapid adoption of military drones is unlikely to be different.
The question is no longer whether drones will become more important.
It is where value will accumulate across the emerging defence technology ecosystem
