Recently, China has successfully completed the first 10-kilometer vertical takeoff and landing flight test of a reusable launch vehicle. The combined test of the China Aerospace Science and Technology Corporation's Arrow II liquid launch vehicle was also successful, and there has been continuing breakthroughs in key technologies related to commercial space rockets.

The Sino-French astronomical satellite was successfully launched and international exchanges in the aerospace field are constantly deepening.

According to the SIA's 2024 Satellite Industry Status Report, satellite broadband is the fastest-growing market in the satellite services sector, with a year-on-year growth rate of 40%.

Rocket Lab, a US private rocket company, has completed its 50th launch with a success rate of 92%. Starlink mobile phones are directly connected to satellites to conduct regional tests in Japan.

As of June 24, there are 42 days left before the first batch of networked satellites of the "Qianfan Constellation" is launched.

"Qianfan Constellation" is an ambitious low-orbit satellite constellation plan in China, aiming to provide high-speed, stable, and safe communication services globally by constructing a huge satellite network composed of more than 14,000 satellites. The launch of the first batch of networked satellites of the constellation is scheduled to be held in Taiyuan on August 5, signaling that the Chinese version of "Starlink" is about to shine in the sky.

"After the 'Qianfan Constellation' plan is implemented, it will bring satellite internet access services to ordinary consumers anytime and anywhere, ensuring that everyone is always connected," said Zhuang Xiaoqi, vice president of Shanghai Yuanxin Satellite Technology Co. Ltd. to the Shanghai Securities News reporter.

Currently, commercial aerospace competition has become one of the main forms of global aerospace competition and has become an important driving force for the new round of technological revolution and industrial transformation.

A series of major policies have been implemented, which are promoting the accelerated development of commercial aerospace.

According to the latest report "Key Drivers of Satellite Industry Development -- Analysis of Low Earth Orbit Satellite Supply Chain Strategies and Challenges" by global market research firm TrendForce, with the continuous increase in the global user penetration rate of low-earth orbit satellite services, all satellite zero-component suppliers around the world are cutting into the supply system of the two major satellite giants, Starlink and OneWeb. It is estimated that from 2021 to 2025, the global satellite market output value will increase from USD 283 billion to USD 357 billion, with an annual compound growth rate of 2.6%.

According to a research report released by China Securities Co. Ltd, satellite internet can achieve global coverage and is an important component of network integration between satellites and earth, with bright prospects in military and civilian applications, and broad market space.

Companies related to the satellite broadband industry chain:

Shanghai Fudan (01385): Fudan Microelectronics, as an FPGA supplier, occupies a core position in the satellite industry chain. FPGA (Field Programmable Gate Array) is one of Fudan Microelectronics' fastest-growing businesses. These chips play a core role in communication satellites because of their software programmability and flexibility. In the satellite manufacturing market, phased array T/R chips are one of the most valuable components in communication satellites. Fudan Microelectronics, as an FPGA supplier, occupies a core position in the satellite industry chain. With China's plan to launch about 13,000 low-orbit satellites, the satellite manufacturing market has huge space, providing enormous market opportunities for companies such as Fudan Microelectronics.

Nanjing Panda Electronics Co. Ltd. (00553): The company is actively laying out core businesses such as satellites. The company's new generation of satellite communication terminal projects includes software and hardware products, which support satellite communication between terminals and are applied in fields such as mobile phones, car-mounted, ship-mounted, and aircraft-mounted. Its subsidiary, Panda Communications, develops and produces timing products and produces them by purchasing Beidou modules for assembly. Its subsidiary, Jinghua Electronics, develops and produces car satellite navigation products, mainly for export business in the ODM model. The company leads the construction of the "Low-Earth-Orbit Satellite Internet Terminal Industry Chain Alliance". Its subsidiary, Panda Communications, won the bid for the new-generation satellite terminal project, with a bid amount of more than RMB 9 million. This equipment can support satellite communication between terminals and is a key step for the company in the field of new-generation satellite communication. It has reached important strategic cooperation with Starsway Semiconductor, whose potential for long-term development is promising. Starsway Semiconductor focuses on 5G/6G communication technology and provides customers with fully integrated baseband chips and solutions for all scenarios on earth and in space. In late 2022, it successfully produced the first version of the 5GeMBB baseband chip CS6810, and launched the broadband satellite phone baseband chip CS7610 and the ultra-wideband satellite terminal baseband chip CS7810 in early 2023. Meanwhile, Starsway Semiconductor also released the Everthink7610 6G broadband satellite baseband chip platform, the Everthink7810 6G ultra-wideband satellite baseband chip platform, and satellite communication solutions, etc.