Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Taiwan Seeks Business Opportunities in Space Industry

Image source:

Taiwan is stepping up efforts to tap into the global aerospace market, with a particular focus on developing a specific kind of satellite. Among different market segments, those related to the development of Low Earth Orbit (LEO) satellites are particularly worth pursuing for Taiwan. Those satellites, often designed in constellations, have a shorter life cycle — between two to four years, compared with larger ones and therefore offer more of an opportunity for Taiwanese businesses.

In addition, LEO satellites are crucial to the development of the Internet of Things (IoT), which has been pursued by global technology and communications heavyweights. That is because the relatively inexpensive LEO communication satellites can be launched in large enough numbers to economically provide sufficient bandwidth for the data transmission required by the IoT.

Thus, a sector in which there will be high demand no longer requires highly advanced technology that only the world’s superpowers can afford but has a relatively low market threshold that countries like Taiwan can explore. Taiwan eventually hopes to manufacture its own LEO satellites. The government launched a four-year, NT$4 billion (US$145 million) project this year intending to launch its first LEO communications satellite in 2025.

In the meantime, Taiwan could first capitalize on its years of experience as an Original Equipment Manufacturer (OEM) to become part of the LEO satellite supply chain. Around a dozen, Taiwanese tech companies are currently providing components and ground-based reception equipment for SpaceX, for instance. With maturer technology and experience in the future, Taiwanese companies could extend their reach to provide more comprehensive modules with more added value.

The space development promotion act that was enacted at the end of May is expected to help. The act, which will regulate the country’s space-based activities, shows the world Taiwan’s ambition to carve out its own niche in the space economy.

The act covers four areas — setting principles of development that are aligned with international space laws, regulating space-based activities to ensure safety, establishing rocket launch sites, and promoting industrial development. Under the act, Taiwan’s Ministry of Science and Technology (MOST) is designated as the competent authority and will establish a dedicated agency to deal with related affairs.

According to a page, the primary focus of Taiwan’s Long-term National Space Technology Development Program is satellite development. Having laid the foundation for indigenous space technology in the first and second phases of the program, the nation is now launching the third phase, which will run from 2019 to 2028.

The programme aims to push domestic aerospace technology to new heights and meet the challenges of cutting-edge space missions. At the same time, the program also aims to extend and spread the benefits of the aerospace technology industry, nurture space technology talent, and build an aerospace industry supply chain of Taiwan’s own.

The first phase of the programme began with fostering the talent and skills needed to build an organisation dedicated to the development of aerospace technology. The first phase also saw the successful completion of the FORMOSAT-1, 2 and 3 missions. The FORMOSAT-3 program put into orbit Taiwan’s first weather satellite constellation comprised of six micro-satellites. Altogether, eight satellites dedicated variously to remote sensing and the conduct of scientific experiments were operated during the first phase of the program.

The second phase was largely dedicated to the FORMOSAT-5 and 7 programs, with FORMOSAT-5 being Taiwan’s first domestically researched and produced high-resolution remote-sensing satellite. An emphasis on academic research and industry development led to across-the-board improvements in Taiwan’s aerospace technology development capabilities.

The goal of the third phase of the program is to launch one satellite per year to serve as a high-tech tool for national security and environmental monitoring. In cases of natural disasters, these satellites will be able to provide real-time imagery and rapidly track safety conditions on the ground and changes to the environment. Deforestation, land subsidence, and the scale and scope of natural disasters can also be monitored accurately. Finally, projects undertaken in the third phase will serve as a springboard for the promotion of deep-space exploration and scientific innovation.


Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.


As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.


Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit


SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.


HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 


IBM is a leading global hybrid cloud and AI, and consulting services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity, and service. For more information, visit