Dayal called UMAC a "pure-play, American-made, NDAA-compliant drone-component manufacturer" that is perfectly positioned for a "massive procurement tailwind" across the US drone industry as the US government races to stockpile everything from one-way attack drones to interceptor drones. Dayal estimates the US-made drone parts market could reach $3 billion to $5 billion as the Department of Defense and US drone manufacturers seek secure alternatives to Chinese suppliers. "A massive procurement tailwind underpins a multi-year unmanned-systems cycle," the analyst said, adding that UMAC is "building a vertically integrated, 'Made in the USA' component platform." Global Drone Market ForecastGlobal Drone Parts Market ForecastDayal has a 12-month price target of $42 on UMAC. Private companies covered included Anduril, Skydio, Shield AI, Quantum Systems, Performance Drone Works, DZYNE, Firestorm Labs, and Neros.