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  • 2024-07-28
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Market Size to Exceed 2.3 Trillion Yuan: Commercial Space Sector Takes Off

Under the encouragement of policies, various regions have introduced plans and deployed a batch of major projects to accelerate the improvement of the industrial layout. According to statistics from the China Aerospace Industry Quality Association, from 2015 to 2020, the value of China's commercial space industry increased from 376.42 billion yuan to trillions, with an average annual growth rate of 22%. It is expected that by 2024, the scale of China's commercial space market will exceed 2.3 trillion yuan.

Perfecting the layout

Recently, the reporter visited the Wenchang International Space City in the Hainan Free Trade Port. The Long March 8 series rocket test team is conducting test tasks in the assembly plant area of the launch site. In the high-tech zone, the satellite research and development center, aerospace science and innovation center, and other major projects supporting commercial space launches are being accelerated and will be put into use in succession.

"Relying on the advantageous resources of the Hainan Free Trade Port and the Wenchang Space Launch Site, we are accelerating the construction of Wenchang International Space City, China's first demonstration zone for commercial space, a new economic model zone for space, and a world-class commercial space port, 'one city, two districts, and one port'." Liu Chong, the mayor of Wenchang City in Hainan Province and the director of the Wenchang International Space City Management Bureau, said that in the first half of this year, the space city achieved a revenue of 10.78 billion yuan, tax revenue of 363 million yuan, and fixed asset investment of 3.855 billion yuan, respectively, a year-on-year increase of 25.9%, 5.5%, and 39.9%.

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At the beginning of this year, Shaanxi Province planned and deployed 34 provincial industrial key industrial chains, including the aerospace industry. Recently, it also released the "Shaanxi Province's Action Plan for Cultivating a Trillion-Yuan Spatial Information Industry Innovation Cluster," further increasing support. According to the development goals, Shaanxi Province will build a number of innovation platforms, build an intelligent spatial data production, convergence, supply, and application service chain system, focus on breaking through key spatial technologies, accelerate the improvement of industrial innovation capabilities, optimize and improve the industrial ecosystem, accelerate the expansion of industrial scale, and greatly enhance international competitiveness.

Beijing is also accelerating the formation of new commercial space production forces. Currently, Beijing's commercial space industry chain covers the entire industry chain of rockets, satellites, ground stations and terminal equipment, and satellite application services, and is gradually stepping onto the fast track of development. Looking to the future, Beijing has a larger goal: to significantly enhance the innovation capabilities of commercial space and significantly improve the industrial level in 5 years; to build a globally influential commercial space innovation and development highland in 10 years...

Innovation breakthrough

In recent years, commercial space companies in the Xi'an Aerospace Base have continuously broken through in technological innovation. The Aerospace Grand Plan's "Nuwa Constellation" project fills the domestic InSAR satellite application market gap; Xi'an Huanyu Satellite Measurement and Control and Data Application Co., Ltd. participated in dozens of launch measurement and control tasks such as "one arrow with 22 stars" and "one arrow with 41 stars," and the number of satellites it manages has exceeded 200... These satellites directly serve all walks of life in the national economy, and a hundred billion yuan-level aerospace industry cluster is accelerating the formation.

Beijing's commercial rocket companies have also been setting new launch records in recent years. At the end of August this year, the Beijing Yizhuang enterprise Xinghe Power Aerospace implemented the launch mission of the Guoshen Star One Sea Launch Type (Yao San), successfully sending 6 satellites into the sun-synchronous orbit.

Since April this year, Wenchang International Space City has cooperated with the National Space Administration and space academies to participate in the launch mission of the Practice 19 satellite, successfully sending 50 kilograms of space breeding payload selected by Hainan Province into space.Optimizing Services

"When we settled in Xi'an Aerospace Base in 2019, satellite internet was still a very new concept. It took courage for Xi'an Aerospace Base to support innovative companies like us," said Yang Chaoyue, General Manager of Galaxy Aerospace (Xi'an) Technology Co., Ltd. Recently, the Lingxi-03 satellite independently developed by the company was successfully launched and entered its designated orbit, marking a complete success for the launch mission.

In recent years, Xi'an National Civil Aerospace Industry Base has been continuously deploying industrial and innovation chains, serving key aerospace projects, driving the aggregation of the aerospace industry, actively building aerospace characteristic industrial clusters, and encouraging "chain leader" companies to play a leading role. It has provided key support to supporting companies with R&D capabilities, enhancing the ability of local companies to participate in the aerospace industry chain, and has built cooperation and exchange platforms to help companies improve their qualifications and capabilities.

At present, Hainan Wenchang International Aerospace City has taken over 167 delegated approval powers from the province and city. By creating an integrated service platform, deepening the reform of project approval systems, and establishing a full-process assistance and agency service model, it has compressed the entire chain of procedures, achieving online handling and one-time completion, continuously stimulating the vitality of business entities. At the same time, it has promoted the landing of a billion-yuan-level industrial fund, which not only provides strong financial support for enterprise development but also lays a solid foundation for the long-term development of the industry.

This year, Beijing Yizhuang officially released the "Beijing Economic-Technological Development Area on Building a Globally Influential Commercial Aerospace Industry High Ground Measures," aiming to accelerate the development of China's commercial aerospace industry's main aggregation area. To help companies "pursue dreams among the stars," Yizhuang has established a special team to serve commercial aerospace companies and launched the "Sky-Reaching Plan" for commercial aerospace, creating an aerospace common scientific research production base such as the Aerospace Block and Beijing Rocket Street.

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