In a recent report from Drone Industry Insights (DRONEII), a drone market research and analysis company, Malaysia-based Aerodyne ranked first on a list of the top 40 remote sensing companies worldwide.
This is the first time Aerodyne tops the list, previously it was second in 2020 behind Japan-based Terra Drone. In 2019 it was third.
DRONEII determines these rankings by looking at company size and development, market shares and public awareness as key parameters.
Over the years, Aerodyne has steadily expanded its presence around the world and is now active in 35 countries.
AI changed the game
Aerodyne started out as the drone division of a media company founded in 2006 by CEO and founder Kamarul A Muhamed.
In 2014, however, he turned the department into a completely separate unit, which we know today as Aerodyne, and which focus on drone-based business solutions. Its only goal was to turn visuals into data.
But even that was soon no longer enough. Kamarul wanted to up the ante, so they added AI. This allowed them to expand the solutions to more industries, be it construction, agriculture, oil and gas, etc.
In just one year, their AI and software development team grew tenfold to support the company’s ambitions.
Today it is known as a provider of DT3 business solutions. DT3 stands for drone technology, data technology and digital transformation.
Rapid global growth
For the past 7 years, Aerodyne has seen massive and rapid growth. This is thanks to a flexible strategy that includes mergers and acquisitions (M&A), direct market entry and the identification of local players in these markets in order to set up joint ventures.
In December 2019, Aerodyne formed a new business unit, Aerodyne Measure Inc, to serve corporate customers in North America after acquiring a 60% interest in Measure UAS Inc.
The following year, the Malaysian startup acquired Falcon Eye Drones in the United Arab Emirates, which ranked fifth among the global suppliers of remote sensing drones in 2020.
In 2021, Aerodyne expanded to Thailand after establishing the joint venture company AeroSky (Thailand) Company Limited with AI and Robotics Ventures Company Limited (ARV) and Digital Creation Co Ltd (DC).
These are just a few examples of the startup in action, and it’s clear Aerodyne has no plans to slow down.
The company’s pioneer recognitions include the recent EY Entrepreneur Of The Year 2020 Malaysia award to Kamarul, as well as a win in the Technology Entrepreneur category.
For a future of the drone industry
At the local level, Malaysia’s stringent unmanned aerial vehicle (UAV) regulations have dampened breakthroughs in the drone technology industry, but we are slowly starting to see changes.
In July 2019 we set up our first drone test zone (DTZ) in Cyberjaya, and in June 2021 the impact report announced that over 216 flights with a total of more than 432 flight hours had taken place in the DTZ.
Earlier this year, AirAsia also launched its pilot project for drone delivery of goods from its e-commerce site, made possible by the Urban Drone Delivery Sandbox.
In a previous interview with Kamarul in 2020, he told the Vulcan Post that growing Malaysian drone technology is the responsibility of everyone involved, adding that he envisions a drone economy in the near future.
He described a drone economy as a time in the near future when drones are part of everyday life, for deliveries, security, hobbies and even for virtual tourism.
“This is a 3-4 year vision, but before we get there we need to have public acceptance. The technology is already there, ”he said.
According to DRONEII, the global drone market is projected to reach $ 41.3 billion by 2026 at an average annual growth rate (CAGR) of 9.4%. It offers a great opportunity for Aerodyne to continue its dominance in the market, particularly in the remote sensing space.
Based on his track record to date, any reliance on Kamarul and his team to expand their reach into all 4 corners of the world will not be out of place.
- Find out more about Aerodyne here.
- More articles on drone technology can be found here.
Highlighted image source: Aerodyne