Product performance model for product innovation, reliability and development in high-tech industries and a case study on the space instrument industry

High-tech industries promote the combination of technology and innovation, with many successful products developed through innovative ideas. In the high-tech industry, product performance is usually indicated by product innovation, product design, and product reliability. The development of space equipment involves high-tech industries. This article uses information system models and focused group survey-based analysis to understand the impact of five major factors that affect a high-tech industry: teams of individuals, team technology, funding and resources, human resources system, and government support. Through the case study of the soil preparation system space instrument, the five factors on the design and development of space equipment products and their respective subfactors can be understood. The result indicates that all five factors have a positive impact on product performance. The focused survey-based analysis and case study presents some findings and implications for future space missions. This chapter also identifies and demonstrates the innovation success factors in space technology, provides relevant literature, methods of research and some preliminary results which can be further developed into a full research study in the future with larger sample size, and better experimental design and analysis.