Company

Creotech Instruments S.A. is Poland’s largest integrator and manufacturer of satellites, satellite systems, and subsystems, specializing in advanced projects for the space sector. The company offers end-to-end satellite missions, dedicated systems, and technologies used in highly demanding space-related applications.

The company operates its own in-house electronics production facilities and small-satellite integration infrastructure, meeting the strict requirements applicable to technologies designed for operation in outer space. ESA-certified dedicated production lines, together with cleanrooms, enable Creotech Instruments to carry out comprehensive projects — from concept and design, through subsystem production, to the integration of complete satellites and advanced satellite mission systems.

Creotech Instruments’ portfolio includes more than 40 projects involving the company’s solutions, successfully completed for the space sector.

One of the company’s key achievements is its proprietary HyperSat satellite platform, which serves as the basis for various types of space missions, including Earth observation, scientific, and communication missions. This technology enables the development of advanced projects tailored to customer needs and to diverse operational, research, and technological objectives.

Creotech Instruments cooperates with scientific institutions, industrial partners, and space-sector organizations in Poland and abroad. It is also the largest Polish partner of the European Space Agency.

Since 2022, Creotech Instruments has been listed on the Main Market of the Warsaw Stock Exchange as the first Polish company from the space technology sector.

The Company’s four primary business segments are:

• NewSpace – dedicated to developing a satellite platform and its components;
• Earth Observation – dedicated to developing Earth Observation systems and UAV technology (ang. Unmanned Aerial Vehicle);
• Production – dedicated to the manufacture of electronics;
• ESA Projects – dedicated chiefly to projects carried in partnership with or/and commissioned by the European Space Agency (ESA).

Creotech Instruments S.A.’s other efforts include:

• development and application of the White Rabbit technology to time synchronization systems;
• development and application of the Sinara standard to quantum computers (in collaboration with, among others, the Oxford University, Berkley University, and the Massachusetts Institute of Technology);
• development and application of products under the CreoScan brand in drone operation support systems;
• the SAMPLE project involving development of aviation obstacle monitoring systems (in partnership with Polish Air Navigation Services Agency (PANSA, PAŻP);
• the CreoDIAS project involving the development of Europe’s largest European satellite data repository (commissioned by ESA).

Find out more about each area:

• Space
• Science
• Geospatial
• Manufacturing

Operating strategy

Creotech Instruments’ operating strategy focuses on building a leading position in Central Europe as a provider of innovative and reliable solutions for the space market and intermediate sectors. The Company aspires to consistently expand its competitive advantages by offering top-quality and highly innovative products and technologies.

The Company intends to launch its top-tier satellite system, i.e. a proprietary satellite constellation solution with a ground mission control and data processing system based predominantly on subsystems developed in-house. This solution will be based on the universal modular HyperSat platform whose main competitive edge lies in its full flexibility in adapting to the target payload, e.g. satellites’ internal optical or radar instruments.

In addition to developing space sector products, Creotech Instruments will also pursue the growth of other operating segments.

Market environment

Space market

According to the “2019 State of the Satellite Industry” report issued by the Satellite Industry Association, in 2019 the total value of products delivered to the broad space market exceeded USD 360 billion, with the satellite industry accounting for over USD 277 billion of that total (the remaining segments include manned flights and deep space exploration scientific programs).

According to the said report, the satellite manufacturing segment is the fastest-growing segment of the space market. Having reached USD 19.5 billion in value in 2018, this market expanded by 26% year-on-year relative to 2017.

The utility of satellites (understood to mean the range of tasks that a given satellite can perform) grows with their mass, with this progression being the highest in the microsatellite category (10-150 kg).

According to the 6th edition of Euroconsult’s “Prospects for the Small Satellite Market” report (2020), the small satellite market (comprising units under 500 kg) has recently experienced very rapid growth. In 2010–2019, 1,810 satellites were launched into space, translating to an average of 181 satellites per year. This number is projected to increase more than five-fold to 1,011 satellites annually in 2020–2029 (10,110 satellites over the entire decade).