US / Israel · Physical AI

Drones & Defence Autonomy

Autonomous systems are now central to defence budgets. Motors, batteries and sensors with non-China supply chains are scarce.

Motors / cells→Airframe→Autonomy→Fleet

Tightness score ⓘ

#35 of 56

▲ Tightening

Supply concentration3

Lead time3

Capex intensity3

Geopolitical exposure4

Pricing power4

Lead time

6–18 mo

Theme 1M

−14.5%

% in uptrend

25%

Metric to watch

Defence autonomy contract awards and non-China drone component capacity.

What would prove us wrong

Weakens if procurement budgets shift back toward legacy platforms.

Dependencies

Equal-weight · rebased 100 · 1Y

Stocks we track

Who controls this bottleneck

Roles, not recommendations. Delayed prices; local currency.

Stock	Role	Listing	Last	1D	1M	3M	YTD	Off 52w high	Next earnings
AVAV AeroVironment	Small drones and loitering munitions	NASDAQ US	$124.4	+0.94%	−18.2%	−20.4%	−48.6%	−68.3%	2026-12-02
KTOS Kratos Defense	Unmanned combat aircraft and engines	NASDAQ US	$40.12	+3.72%	−12.1%	−17.5%	−47.1%	−69.3%	2026-11-03
RCAT Red Cat Holdings	US-made small drones	NASDAQ US	$4.46	+0.56%	−33.1%	−40.2%	−43.8%	−74.3%	2026-11-05
ESLT Elbit Systems	Defence autonomy and electronics	NASDAQ Israel	$773.6	+5.20%	+5.4%	−5.3%	+34.4%	−23.4%	2026-11-24

Auto-updated