TAIPEI (Taiwan News) – Taiwanese satellite service providers are keen to grab a share of the booming global aerospace market.
A business fair hosted by the Office of Industrial Development (IDB) on Wednesday (25 May) saw six companies share knowledge gained from Satellite 2022, an event held in March in Washington, DC, where industry players aerospace industry and entrepreneurs and the connectivity community has converged.
The IDB event included representatives from TMY Technology, Tron Future Tech, Auden Techno, Rapidtek, Universal Microwave Technology and Pyras Technology. Show topics ranged from antenna research and development to validation, testing and satellite solutions.
With the advent of Beyond 5G (B5G) and sixth-generation (6G) wireless communications, the demand for innovative applications in autonomous driving, maritime and aerospace navigation, IoT and satellites in low Earth orbit is increasing, according to the participants. Industry players in Taiwan are seizing the trend and working on different types of phrasal berries to meet the needs of global giants in the field.
According to Auden Techno, Taiwanese companies have attracted global interest for their advantages in product safety and manufacturing flexibility. Meanwhile, Rapidtek welcomed government support in the development of satellite ground equipment.
Dozens of Taiwanese innovations were showcased at Satellite 2022, with a larger presence expected next year, the IDB said. Global annual satellite revenues for 2022 are expected to reach US$295 billion (NT$8.69 trillion), up 3.3% annually, according to market research firm TrendForce.