Want to Invest in Drones? Watch This First

By Lyons George and Rex Moore – Mar 22, 2014 at 11:11AM

NASDAQ: AVAV

AeroVironment

Market Cap

$5B

Today's Change

(3.56%) $6.61

Current Price

$192.11

Price as of September 13, 2024, 4:00 p.m. ET

There are obvious companies benefiting from drone technology – as well as some you’d never think about.

We've all seen them in the news -- but when will drones make an appearance in our portfolios?

While their military applications dominate the headlines, the potential of unmanned aerial vehicles (or "UAVs") extends far beyond the field of combat. That's why everyone from Facebook (META -0.19%) to Amazon.com (AMZN -0.27%) is looking to transform "drone" from a misunderstood word to a day-to-day part of the modern consumer experience.

Check in with Foolish analysts Lyons George and Rex Moore as they report from the South by Southwest Interactive technology conference in Austin -- where entrepreneurs, academics, and venture capitalists all agree that the drone market is poised to take off in an entirely different direction. This includes pure plays like AeroVironment (AVAV 3.56%), as well as Google (GOOGL 1.79%) and other less-obvious companies.

Lyons George owns shares of Facebook. Rex Moore owns shares of Facebook and Google. The Motley Fool recommends AeroVironment, Amazon.com, Facebook, and Google. The Motley Fool owns shares of AeroVironment, Amazon.com, Facebook, and Google. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.