Non-space companies challenge the space industry
Traditional companies like Furukawa Electric, NTT, and Epson are leveraging their ground-based technologies to develop and supply components, small satellites, and satellite services for the growing commercial space market.
Why it matters
The entry of non-space companies into the commercial space industry signals the growing opportunities and maturity of the sector.
Key Points
- 1Non-space companies are entering the space industry
- 2They are using their existing ground-based technologies for space applications
- 3Companies plan to develop space components, manufacture small satellites, and offer satellite services
Details
The article discusses how the space industry is transforming, with private companies taking the lead. Traditional companies like Furukawa Electric, NTT, and Epson, which are not primarily space-focused, are now leveraging their existing ground-based technologies and expertise to enter the space market. They see opportunities to develop and sell space-grade components based on their consumer products, manufacture and supply small and micro satellites, and combine their ground services with satellite technologies to offer new satellite-based services. These companies aim to build a 10 billion yen (around $75 million) space business by 2035.
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