Addvalue Technologies has developed equipment that can communicate with satellites from the ground at all times without interruption. Customers include U.S. satellite operator Capella Space and Japanese small satellite developer iQPS. Its equipment has been launched on 22 satellites, with 22 more planned in the future.
Zero-Error Systems, founded in 2019 by an NTU professor and graduates, is a leading contender in the field of satellite sustainability. It designs and manufactures chips that are resistant to radiation found in space.
The chips also are used in robots that work in nuclear reactors in other countries. They can extend the usual three-year lifespan of small satellites to nine years. Airbus Ventures, the venture capital arm of the European commercial aircraft maker, was an early investor.
Zero-Error Systems is looking at markets like Europe, the U.S., India and Japan, with CEO Rajan Rajgopal saying, “now we are in a position to sell it globally.”
The global space business market will expand to US$1.8 trillion in 2035, roughly triple the size in 2023, according to a forecast by McKinsey & Co. Despite the growth potential, geopolitical tensions between China and Russia on one side and the West are cause for concern.
Singapore has not restricted exports to China and Russia as Japan and the U.S. have, but several companies said they currently have no trade with either country, as they are imposing their own restrictions in order to facilitate business in Europe and the U.S.
