ÅAC Microtec

ÅAC Microtec develops and manufactures miniaturized and robust electronics, mainly for space applications in the form of small satellites, but also for complex industrial applications requiring advanced miniaturized designs that can withstand challenges in extreme environments.

Business activities

A paradigm shift is currently under way in the satellite market from a few very large satellites to constellations of smaller ones. New technologies, including those developed by ÅAC Microtec, are making the smaller satellites better able to perform a variety of tasks in areas such as environmental research and earth observation.

ÅAC Microtec develops systems for power and data management and also provides system integration services to enable delivery of a complete satellite. The company’s strength is developing small, robust and inexpensive systems that allow individual countries and enterprises to launch their own satellites.

The products are sold directly to the public and private sectors through subsidiaries in the USA and with the help of partners. The single largest market is the USA, followed by Europe and Japan.

Market

  • The largest geostationary satellites weigh about8,000 kg and cost around USD 200 million per satellite.Only around ten of these satellites a year are launcheddue to the high cost and complexity. This year around200 small satellites will be launched, compared to30 small satellites a year a couple of years ago. It isestimated that in five years’ time around 500 smallsatellites will be launched a year
  • Space Works’ market assessment is that by 2020around 2,750 small satellites will have been launchedand the total value is estimated to increase from USD600 million a year (2014) to USD 3 billion a year (2020)

Significant events during the year

  • ÅAC completed a new issue totaling SEK 120 m in connection with listing on Nasdaq First North in December 2016
  • Launch of Sirius, a new product range for data handling and force control for satellites
  • New office and subsidiary established in the UK, with Iraklis Hatziathanasiou recruited as Head of Business Development in Europe
  • Intensified collaboration with York Space Systems in the US, where ÅAC’s Avionik products are included as components in complete satellite systems