Barclays forecasts the global drone market will expand to $250 billion by 2035, driven by AI integration into unmanned aerial vehicles. The market has doubled from $20 billion in 2020 to $40 billion in 2025, and the shift toward compute and software promises lower long-term operating costs despite front-loaded R&D spending.

Analysts maintain a buy rating on Barclays based on robust revenue growth, peer-leading margins and a diversified global business across investment banking and US consumer lending. Strong credit ratings and stable asset quality underpin the outlook, although high leverage and private credit exposure warrant close monitoring.