Futurise and the Malaysian Sports Aviation Federation forge alliance through a MoU to advance and elevate the burgeoning field of drone sports in Malaysia.
Futurise, Malaysian Sports Aviation Federation forge alliance to revolutionise drone sports in MalaysiaMSAF to work with the Civil Aviation Authority of Malaysia on drone sports regulations Futurise Sdn Bhd and the Malaysian Sports Aviation Federation have forged an alliance through a Memorandum of Understanding to advance and elevate the burgeoning field of drone sports in Malaysia.
Under the terms of the MOU, Futurise will spearhead the creation of new ecosystems and leverage its extensive expertise to develop comprehensive regulatory frameworks for drone sports. Concurrently, MSAF will collaborate closely with the Civil Aviation Authority of Malaysia to craft robust regulatory frameworks, guidelines, and manuals specific to drone sports.
Malaysia's drone industry is on the cusp of remarkable growth, projected to reach US$263 million , capturing 4.3% of the global market share by year-end according to Bernama. With a CAGR of 21.44%, the industry could be valued at US$7.27 billion by 2029. This rapid expansion underscores the vast potential of drone technology across multiple sectors, including sports, and reflects Malaysia's unwavering commitment to advancing high-tech industries.
“I look forward to the innovative programmes and collaborations that will emerge from this partnership, setting the stage for Malaysia to become a leader in drone sports and an incubator for groundbreaking technological achievements,” he added.
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