15 Best Drone Stocks to Invest in 2022

Purchasing a drone is worthwhile, whether you intend to use it for recreational purposes or as part of a business enterprise. With the rising demand for drone services, owning a drone will be a wise investment with a high return on investment.

Intro

Drone technology is regenerating the way we live, and many investors are hoping to cash in on this booming trend. So, what are the most significant drone stocks to invest in on the stock market? Continue reading to learn more.

The military has long utilized drones for covert activities, but they are now being employed for videography, deliveries, security solutions, etc. As drones become more widespread, the value of the firms that create them is sure to rise. As the technology develops in popularity worldwide, now is an excellent time to invest in drone stocks. As this exciting technology takes off, we've compiled a list of the best drone stocks to keep an eye on.

Drones are becoming an integral part of our lives. Who would have thought we could see drones flying around for daily life purposes? In recent times, drone technology has progressed, and the industry has developed. The military primarily employed drones, but the technology is now available for commercial use.

The commercial demand for drones will also increase with time. Whether it's deliveries from Amazon or inspections of your local telephone poles, the investment case for drones is that they have the potential to become integrated into our communities.

You might be interested to know some drone stocks that can add value to your investment portfolio. Therefore, we bring you the top fifteen drone stocks with potential in the long run. So, let's look at the best drone stocks in this article!

15 Best Drone Stocks to Invest

Boeing (NYSE: BA) 

Boeing has a position in the drone sector in addition to creating commercial and military aircraft. Even though drones account for only a small portion of company revenue, Boeing remains a crucial player in the market.

Boeing has been around for nearly a century and is regarded as one of the most prestigious aviation firms in the world. The business has been developing tactical solutions for the US military for a long time. Boeing has been focusing more on its Insitu drone subsidiary company in recent years. 

Boeing recently demonstrated surveillance drones that would be used to monitor distant areas of the Arctic, demonstrating the company's drone technology's adaptability. These recent trials shown to the public how powerful drones could be in military action, thereby increasing demand for them in the future.Boeing's stock has been on a roller coaster ride over the past few years, with many ups and downs. Boeing's drone business, on the other hand, is a bright area for the company, and government contracts are expected to remain constant.

EHang Holdings (NASDAQ: EH)

A Chinese drone startup, EHang Holdings, attempts to make this a reality. Drones could be utilized for transportation, shipping, firefighting, tourism, and various other applications. EHang's drones were cleared for commercial passenger use by China's Civil Aviation Administration in 2020.Passenger drones may be closer to becoming a reality than anyone expected. Investors are still suspicious about EHang's financials, as the stock trades sideways. EHang will take some time to become successful because it is a new company. EHang still has a lot of room for growth, and it might be a smart investment for those willing to take a chance. Because the stock is still down, it could be a good moment to buy. 

GoPro Inc. (NASDAQ: GPRO)

The GoPro camera and photo equipment range are well-known. A series of video editing software for movie production is also available. While most action cameras attach to helmets or other equipment, GoPro also makes drones that can fly about and follow the activity.

It is one way the corporation wants to stay relevant by broadening its product portfolio. GoPro's fourth-quarter financials were positive, with earnings per share and revenue exceeding expectations. GoPro intends to expand its brand as it diversifies its goods more, having carved out a niche in adventure sports.

AgEagle Aerial Systems Inc. (NYSE: UAVS)

AgEagle is a commercial drone company based in the United States specializing in aerial mapping and crop monitoring. Drones make these chores accessible, especially for small businesses with limited employees. AgEagle's products are in high demand, and the company has hinted that it may create drones for other applications, including e-commerce delivery.

In addition to drone manufacturing, the company's affiliate MicaSense produces sensors for vegetative analysis. With new acquisitions and product launches, AgEagle has a lot. AgEagle Aerial Systems is now a penny stock, but the company is trying to change that in the following years.

Although the stock is now in a negative trend, the company appears to be creating a lot of forwarding momentum. Even though it is still in its infancy, it has a lot of potentials, this company has already demonstrated tremendous promise, with a market capitalization of over $88 million.

Amazon (NASDAQ: AMZN)

One of the most well-known tech corporations in the world is Amazon. What began as an online retailer has evolved into a multi-faceted company that offers web services, video streaming, and other services. Because the corporation has an extensive global distribution operation, it's no surprise that uncrewed planes have been considered as a delivery option.

The Federal Aviation Administration (FAA) is close to adopting rules favorable to Amazon and its drone fleet. Amazon also just announced the creation of Ring Always Home, an indoor drone camera. The camera will allow owners to keep an eye on their homes while away from home.

Overall, Amazon has performed exceptionally well, with a five-year growth rate of almost 280 percent. 

Alphabet Inc Class A (NASDAQ: GOOGL)

Being Google's parent company, Alphabet is one of the most widely followed stocks on the stock exchange. Google is working on a wide range of technologies, including drones. The corporation is particularly proud of its Wing drone delivery operation. 

The purpose of drone delivery operation is for small enterprises to offer drone delivery to nearby clients. In Australia, the program has already shown to be successful, and it is currently outperforming Amazon in terms of drone delivery.While Google stock comes with a very high price tag, it delivers consistently solid returns. For investors who have the means to buy in, Alphabet is a stock that has proven it can provide. Google is also not a drone pure-play, so that it might be a better option for investors with lower risk tolerance.

Northrop Grumman (NYSE: NOC)

Northrop Grumman is currently one of the largest defense companies in the world. For the US Air Force the business manufactures a variety of high-tech drones. The Global Hawk, a surveillance model, intended for intelligence and data collecting, is the company's top drone. The US Air Force primarily uses the Global Hawk, but NASA and NATO also employ it.

Northrop Grumman has more financial stability than other drone firms because it primarily works with the government. It also makes aircraft, satellites, and high-grade missile systems and drones. The stock price of Northrop has risen steadily over the previous three years, hovering near all-time highs.

Much of the company's growth can be traced to its success in developing space technologies. On Northrop Grumman's most recent earnings report, the space division was also responsible for a considerable increase in sales. This company's diversified variety of businesses and steady government contracts make it an excellent long-term investment.

Lockheed Martin (NYSE: LMT)

Another major player in the defense industry is Lockheed Martin. The company provides a wide range of aviation, space, and security services. While it does have some commercial clients, it is primarily a non-profit organization; the government accounts for most of its contracts. 

One of Lockheed Martin's most popular drones is the Indago 3, a small uncrewed aircraft that fits in a backpack but is sturdy and durable enough for military use. Lockheed Martin has a small number of drones in its arsenal, including the Indago 3. Lockheed Martin stock has been rising so far this year. With a broad portfolio of operations, drones contribute to Lockheed's good stock performance. The company has stated that it intends to boost dividends and stock buybacks to reassure investors over the next few years.

Kratos Defense and Security Solutions, Inc. (NASDAQ: KTOS)

Kratos is a defense contractor based in San Diego that works directly with the US Department of Defense. The corporation is divided into several sections, one of which is dedicated to unmanned aerial systems.

Kratos aided an Air Force experimental program dubbed Skyborg, which employs artificial intelligence to control combat drones, in May of 2021. As the Skyborg program proceeds, this is an intriguing development for the US military, and it could lead to future initiatives for Kratos.

Defense contractors are frequently considered attractive investments since government contracts provide consistent revenue. A $14 million defense contract for logistics support for drone systems was recently granted to Kratos. 

Draganfly Inc. (NASDAQ: DPRO)

Draganfly is a Canadian drone manufacturer with over two decades of experience. This stock is an interesting opportunity to invest in the best drone stockstrend without breaking the bank, with a share price of less than $5.The military, law enforcement, agriculture, energy, and various other businesses employ this company's drones. Clients can get custom engineering, training, flying and data services, and more than drones.

Although Draganfly's stock is now trading at the penny stock level, the company had a solid third quarter, with gains across the board. With a penny stock, there is always the possibility of volatility; Draganfly, on the other hand, appears to be putting the elements in place for a meteoric rise shortly. 

Parrot (OTC: PAOTF) 

Parrot is a French firm that manufactures some of the most popular hobby drones globally. While military drones attract a lot of attention, hobbyist drones also have a significant market.

Drones are popular among hobbyists who want to take amazing photos or learn how to fly. The ANAFI USA, Parrot's most recent drone, is intended for professional applications such as firefighting and security.

These cutting-edge new services could benefit businesses across a wide range of industries. A parrot can now appeal to a broader market with this new release, potentially bringing in more money. Because Parrot is currently under $10, investors should be careful of volatility before investing. On the other hand, drones are a developing business, and Parrot is a firm with a bright future.

AeroVironment

The third-best drone stock on our list is AeroVironment, a defense company (AVAV). AeroVironment is an essential defensive asset for the United States. The firm provides drones to the US Department of Defense and worldwide allies.The Raven, Wasp, and Puma models are AeroVironment's three main products. The company makes about ten unmanned aerial vehicles in total.AeroVironment also makes a small number of drones for commercial purposes, but the military accounts for most of its sales. Around the world, additional powers are emerging, and each country aspires to be one step ahead of its adversary. As a result, the military drone market will increase at a higher rate in the future years.

AeroVironment has also secured other contracts, including a multi-year order worth $11.53 million. Another $80 million contract was signed with the NATO Support and Procurement Agency for the Puma 3 AE tactical unmanned aircraft system and initial spare parts packages.

NVIDIA Corporation (NVDA)

NVIDIA Corporation delivers graphics, computation, and networking technologies in the United States, Taiwan, China, and worldwide. 

GeForce GPUs for gaming and PCs, the GeForce NOW game-streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive media for infotainment systems; and Omniverse software for creating 3D designs and virtual worlds are all offered by the company's Graphics segment. 

Data Center platforms and systems for AI, HPC, and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; cryptocurrency mining processors; Jetson for robotics and other embedded platforms; and NVIDIA AI Enterprise and other software are among the products offered by the company's Compute & Networking segment.

Drone Delivery Canada Corp (TAKOF)

Drone Delivery Canada is a cutting-edge technology firm specializing in designing, developing, and implementing commercially viable drone-based logistics systems. Their technology is aimed at government, commercial, industrial, and retail clients worldwide. Drone Delivery Canada aspires to be the best drone delivery company globally. The advent of drone technology intends to redefine the old logistic system. Drone Delivery Canada offers a cost-effective solution to transport cargo by decreasing shipping time and costs with their drone-based logistics systems.

According to analysts, Drone Delivery Canada's stock is currently selling at a discount to its fair value. It is a good indication for investors that prices are likely to rise. Its cash holdings are significant, with zero debt reported on its balance sheet in September 2020. Drone Delivery Canada's stock price is on the rise, with a gain of more than 150 percent from last year to today. The stock of Drone Delivery Canada Corp is rated as a "Moderate Buy" by Wall Street analysts.

Plymouth Rock Technologies (PLRTF)

Plymouth Rock Technologies, Inc. specializes in developing security screening and threat detection technology solutions based on radar imaging and signal processing. It works in military, civil, and private threat detection, creating and installing cutting-edge electronic surveillance systems. 

The firm is working on next-generation threat detection systems and unmanned aircraft systems (UAS). Plymouth Rock Technologies' mission is to give engineering-based solutions to our safety issues. They collaborate with the government, law enforcement, and military, and they're on the cutting edge of national security, defense, and space systems safety solutions.

Plymouth has finished testing their CODA1 system, designed to identify a person's concealed weapons. This method was intended to aid the security of the United States government. Plymouth has long been in the news for its commitment to developing technology-driven solutions to enable process automation. 

In Somalia, a Plymouth Rock Drone just completed a UN mission at record speed. They've also recently announced that MediMod for Emergency Biological and Vaccine Transport had been completed. MediMod is active insulated refrigerated storage modules that will help the government get Covid vaccinations to people in remote places. It is projected to help deliver blood, human transplant organs, and other vaccines between cities and remote locations in the future.

Final Thoughts 

While it is possible to earn from investing in the best drone stocks, keep in mind that they are not risk-free like any other investment. Properly analyze your options before investing because the market and the aerial technology industry are vulnerable to changeable situations. If you're new to investing or haven't looked at your accounts in a while, compare brokers to ensure you're getting the most excellent features in your trading account.