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Malaysia drone company Aerodyne raising funds with IPO on horizon

Global leader in remote sensing aims to go public within 3 years as demand grows

Global remote sensing leader Aerodyne Group is drawing attention from investors. (Photo courtesy of Aerodyne Group)

KUALA LUMPUR -- Malaysia-based Aerodyne Group -- a global leader in the fast growing drone industry -- aims to raise up to $200 million next year en route to a planned public listing within the next three years, its top executive told Nikkei Asia.

Aerodyne ranked first among the top 40 remote sensing companies in the world last year by Drone Industry Insights. The Germany-based drone market research and analytics company estimates the size of the global drone market will reach $41.3 billion by 2026 through annual compound growth of 9.4%.

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