Shenzhen-based Damoda is preparing to file for an initial public offering (IPO) in 2027 as its overseas drone light show equipment business expands rapidly, according to KrASIA. The company’s equipment sales now account for about 70% of its total revenue, highlighting the growing importance of this segment.
Damoda’s innovative vehicle-mounted drone show system can be set up in approximately 60 seconds, making it highly efficient for large-scale events. By 2025, the company’s overseas business had grown roughly 45 times compared to 2020, with its products now deployed in more than 50 countries and regions worldwide.
For Japanese markets, Damoda’s expansion underscores the increasing global demand for advanced drone technologies, a sector that continues to attract investor interest in FX, crypto, and equities markets.