Market analysis reports from industry analysts or business publications

Ukraine Considers Lifting Drone Export Ban to Boost Industry, Generate $20 Billion

Oct 9, 2024, 06:34 AM

Ukraine is considering lifting its wartime ban on drone exports, a measure initially implemented in 2022 following Russia's full-scale invasion. The move aims to boost the domestic drone industry, including pioneering Sea Baby drone technology, enabling it to match Russia's capabilities on the battlefield. Local manufacturers could potentially earn up to $20 billion from the sale of unmanned aerial vehicles (UAVs), which would be used to fund further military supplies and production. Ukrainian officials and industry participants emphasize the importance of scaling up production to meet the growing demand for drones and to secure additional funds for the war effort.