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Going into space: First Hungarian mass-produced satellite could be in orbit in a few years
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The first Hungarian mass-produced satellite could be launched by 2027-28: there may soon come the day when the country enters the space age. The momentous news was announced by Márton Nagy, Minister of National Economy, at the groundbreaking ceremony of the first Hungarian space manufacturing centre.
The government-affiliated 4iG Group together with REMRED Plc. laid the foundation stone of the first Hungarian aerospace manufacturing centre in Martonvásár, in Fejér county, where the Minister of National Economy Márton Nagy spoke of the future of Hungarian space strategy, index.hu reports.
The new REMTECH factory will span a total area of 4,000 square metres with a special 1,500 square metre laboratory. Using modular technology unique in Europe, the production, assembly, and testing of low-orbit satellites weighing up to 400 kilograms will be carried out here.
The greenfield investment will be equipped with innovative and modern technologies fully up to aerospace industry standards, including a stand-alone solar farm to power the factory once it is completed.
Mass-produced satellites to be important parts of the Hungarian space strategy
Márton Nagy recalled that when the government adopted the first Hungarian Space Strategy back in 2021, many people scoffed at the plans. This new project is proof of the strategy’s success: 85 new jobs with high-added value are to be created, with the manufacturing centre also serving as the base for future innovation. In addition to international collaborations, the domestic knowledge industry and education will be linked to future projects.
As the space industry is one of the fastest growing and, according to international surveys, crisis-resistant industries in the world, the future of the sector seems to be secure in the long term. Moreover, its value is estimated to reach USD 1,800 billion by 2035, up from USD 630 billion in 2023.
The 4iG Group’s joint investment with REMRED in the mass-produced satellite industry will give Hungary a unique technological advantage in the Central and Eastern European region. The deal will strengthen Hungary’s capacity for innovative technologies, which will improve competitiveness, something that is crucial to creating a stable economic environment for the future, Nagy said.