Sealand stated that with multiple factors accelerating the launch process of low-earth orbit satellites in China, it is expected that the country's commercial aerospace industry chain will enter a high prosperity cycle.
Zhizhong Finance APP learned that recently, significant policy support has arrived for China's commercial aerospace industry. On April 24, the Shanghai Municipal Economic and Information Commission, Municipal Defense Science and Technology Office, Municipal Development and Reform Commission, and Municipal Finance Bureau issued several measures to accelerate the cultivation of advanced manufacturing clusters in the commercial aerospace sector, mentioning that by 2027, the scale of Shanghai's commercial aerospace industry aims to reach around 100 billion yuan. The industrialization scale of signature products will expand, with a total annual manufacturing capacity of 100 commercial rockets, 1,000 intelligent commercial satellites, and a batch manufacturing capability of 1 million application terminals each year.
It is worth mentioning that April 24 is the tenth China Aerospace Day. At the latest 'China Aerospace Day' science popularization exhibition, several commercial aerospace companies, including Geovis Technology Co.,Ltd., Aerospace Yuxing, and Deep Blue Aerospace, showcased their latest technological achievements.
Geovis Technology Co.,Ltd. displayed a series of products and solutions, including a new generation of rocket measurement systems based on the annular network, commercial aerospace telemetry products called Insight, an integrated satellite signal intelligent KS platform, a commercial aerospace meteorological marine space weather service platform, and the Star Map Cloud open platform.
Deep Blue Aerospace showcased three models of the Nebula series rockets and two actual Thunder series engines. The company stated that it will execute the vertical recovery flight verification of the 'Nebula No.1' launch vehicle's first stage as planned, aiming to launch at an opportune time within 2025.
Galaxy Aerospace indicated that the company has successfully launched over 20 self-developed satellites so far, including low-earth orbit broadband communication satellites, flat stackable satellites using flexible solar sails, and distributed multi-satellite formation SAR satellites, contributing to the construction of a strong aerospace nation.
On March 5 of this year, commercial aerospace was once again included in the 2025 Government Work Report, positioning it as a strategic emerging industry. Many regions, including Peking, Shanghai, Hubei, Chongqing, Guangdong, and Hainan, have released policies to further promote the development of commercial aerospace.
On April 21, Sichuan Province reviewed and approved the 'Sichuan Province Commercial Aerospace High-Quality Development Action Plan (2025-2030)', emphasizing the need to leverage Sichuan's advantages in satellite launch conditions, a solid aerospace industry foundation, and rich application scenarios to promote high-quality development of the province's commercial aerospace.
Recently, Shanghai has developed a "One Four Three" plan focusing on the development of the Aviation Industry. The overall goal includes: striving for the scale of Shanghai's commercial space industry to reach over 100 billion yuan by 2027, achieving an annual production capacity of 100 commercial rockets and 1,000 commercial satellites, and comprehensively building a highland for reusable rocket innovation, a highland for low-cost commercial satellite manufacturing, and a highland for industry application services.
Yang Shaoxian, chief researcher of the Commercial Space at CAICT, stated that new business forms such as "Aviation +" are emerging, and space tourism and commercial lunar exploration are expected to achieve policy breakthroughs within 5 to 10 years, leading to trial verification or early commercial operations.
Currently, there are about 500 commercial space enterprises in China with a certain scale, and the overall output value exceeds 1 trillion yuan. AVIC Securities believes that the supply-side autonomy in commercial space brings significant buffering effects. Recently implemented tariff reciprocity policies from the USA have limited direct impact on China's commercial space industry, primarily due to China's sustained promotion of domestic strategies and technological innovation in aerospace over the years, resulting in a significant reduction in external dependence in key areas.
The Institutions stated that in the short term, commercial space launches and satellite constellation construction will continue to be important driving factors for fluctuations in the commercial space industry, and the sensitivity to event stimulation will remain high, with publicly listed companies related to the satellite industry continuing to receive high attention.
Sealand Securities stated that there will be significant growth in the demand side for satellite internet, with a broad development prospect. Existing communication networks cannot cover mountainous areas, deserts, oceans, and skies comprehensively, while emerging industries like autonomous driving and the Internet of Things have raised new requirements for communication capacity and latency. These factors will drive substantial growth in the demand side for satellite internet. It is estimated that from 2024 to 2030, the overall incremental value of the commercial space satellite communication industry chain will be about 653.6 billion to 765.5 billion yuan. With multiple factors accelerating China's low-orbit satellite launch process, it is expected that China's commercial space industry chain will enter a period of high prosperity.
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