Inventory | China's commercial space in the first half of 2024

Market participants and their shares

In the first half of 2024, China's commercial aerospace market will show a diversified development trend, mainly participated by five major players:

State-owned Assets Supervision and Administration Commission of Hainan Province: 35% of the market share. As an important base for China's commercial space launch, Hainan Province has actively promoted the development of commercial space thanks to its geographical advantages and policy support.

China Huateng Industrial Co., Ltd. (a subsidiary of Aerospace Science and Industry Group): 25% of the market share. As an important member of the Aerospace Science and Industry Group, Huateng Industry has rich experience and technology accumulation in the aerospace field, especially in spacecraft manufacturing and launch technology.

China Academy of Launch Vehicle Technology (a subsidiary of the Aerospace Science and Technology Group): 25% of the market share. The institute is the core unit of China Aerospace Science and Technology Corporation, mainly responsible for the research and development and production of launch vehicles, and has strong technical strength and research and development capabilities.

China Star Network Network System Research Institute Co., Ltd. (a subsidiary of China Star Network Group): 15% of the market share. As a subordinate unit of China Satellite Network Group, the institute focuses on the research and development and application of satellite network systems, and is committed to enhancing China's competitiveness in the field of global satellite networks.

Hainan International Commercial Space Launch Co., Ltd.: As an emerging commercial space launch company, although there is no clear data in the market share, it has gradually become an important player in the field of commercial space launch by virtue of Hainan's geographical advantages and policy support.

Classification of the industrial chain and its composition

The commercial aerospace industry chain can be divided into three parts: upstream, midstream and downstream, each of which involves different technologies and application fields:

Upstream Industries:

It mainly includes basic devices, basic software and basic data. These basic links constitute the technical cornerstone of the entire industrial chain, and the specific subdivisions are:

Chips: As the core components of spacecraft and terminal equipment, chip technology directly affects the performance and reliability of equipment.

Board: The board is one of the main components of aerospace equipment, which is responsible for the transmission and processing of data.

Data processing: including data collection, storage and analysis techniques to ensure the accuracy and validity of data.

Algorithm: It is used to process and analyze aerospace data to improve the intelligence level of the system.

Software: Provides operational and control functions for spacecraft and ground equipment.

Modules: Components that integrate multiple functions to simplify system design and improve performance.

Midstream Industries:

It mainly focuses on ground-based augmentation systems and antennas, covering terminal integration and system integration. These include:

Ground-based augmentation systems: Improve the accuracy and reliability of satellite navigation systems to support a wide range of applications.

Antenna: As a key device for signal transmission, antenna technology directly affects the quality of communication.

Terminal integration: Integrate various functional components into a single system to achieve collaborative work.

System Integration: Integrate different systems and equipment to provide a comprehensive solution.

Downstream Industries:

It is mainly oriented to the development and application of terminal equipment and system platforms, and the specific application fields are:

Transportation: Optimize traffic flow and improve transportation efficiency through intelligent transportation systems.

Power application: Provide high-precision power equipment monitoring and management system to ensure the stability of power supply.

High-precision agriculture: Use precision agriculture technology to improve agricultural production efficiency and reduce resource waste.

Smartphones: Integrated navigation chips to improve users' navigation experience and location service capabilities.

Connected Vehicles: Support autonomous driving and Internet of Vehicles applications to improve road safety and travel efficiency.

Wearable devices: provide high-precision positioning and navigation services to improve user experience.

Special markets: including public security, disaster prevention and mitigation, and maritime distress search and rescue, etc., providing customized solutions.

Major players and their products and services

Upstream Enterprises:

China Satellite: Mainly engaged in the manufacture and launch of satellites, providing various types of satellite services.

CTI Navigation: Focus on navigation and positioning technology and provide high-precision navigation products.

Zhenxin Technology, Huali Chuangtong, Higer Communication, Leike Defense: These companies have strong technical strength in the field of communication and electronics, providing key aerospace devices and systems.

Sinan Navigation, BDStar, Mengsheng Electronics, Xingwang Yuda, Tianao Electronics: These companies focus on navigation and positioning technology and provide high-precision navigation products and services.

Midstream Companies:

Aerospace Hongtu: Mainly engaged in aerospace system integration and application development, providing comprehensive system solutions.

Zhongke Xingtu: Focus on remote sensing technology and data processing, and provide high-precision remote sensing data services.

Hangjin Technology, Northern Navigation, Hangyu Micro, Yaguang Technology: These companies have advantages in navigation and remote sensing technology, providing a variety of navigation and remote sensing products.

Downstream enterprises:

Aerospace electronics: mainly engaged in the research and development and production of terminal equipment, providing high-performance aerospace electronic equipment.

BDStar, Zhenxin Technology, Huali Chuangtong, Sinan Navigation, Tianao Electronics: These companies have rich experience in the field of navigation and positioning, and provide a variety of terminal equipment and system solutions.

Hager Communication, CTI Navigation, Hangyu Micro, Zhonghaida: These companies have strong technical strength in the field of communication and navigation, and provide a variety of communication and navigation products.

Key technologies and application fields

Commercial space technology has a wide range of applications in a number of fields:

Transportation: Optimize traffic flow, improve transportation efficiency, and reduce traffic congestion through intelligent transportation systems.

Power application: Provide high-precision power equipment monitoring and management system to ensure the stability and safety of power supply.

Agriculture: Use precision agriculture technology to improve agricultural production efficiency, reduce resource waste, and improve yield and quality.

Smartphones: Integrated navigation chips to improve users' navigation experience and location service capabilities.

Connected Vehicles: Support autonomous driving and Internet of Vehicles applications to improve road safety and travel efficiency.

Wearable devices: Provide high-precision positioning and navigation services to improve user experience and meet the needs of a variety of applications.

Special markets: including public security, disaster prevention and mitigation, and maritime distress search and rescue, providing customized solutions to ensure safety and emergency response capabilities.

summary

In the first half of 2024, China's commercial aerospace industry will be characterized by rapid development and diversification. The main participants have made significant progress in different fields, and the distribution of market share also reflects the status and influence of each entity in the industry. With the continuous progress of technology and the extensive expansion of applications, the commercial aerospace industry will usher in broader development prospects, and the coordinated development of all links will promote the continuous innovation and optimization of the entire industrial chain.

Related Reading

The latest food project丨Q2 2024

The latest food and wine projects丨Week 30丨North

Latest Food & Wine Project丨Week 30丨Southern

Shanghai | Support the development of the civil aircraft industry chain

New Deal | General aviation welcomes the good!

Report | China Manufacturing Artificial Intelligence Industry Application Development Map 2023

Report | China Intelligent Manufacturing Equipment Industry Market Prospect Forecast (2024)

New Deal| Future industrial innovation and development

※※※※※※※※※※

The following is closely related to this article

China's general aviation industry

Low-altitude economy, UAV-related

Policies, laws, regulations, standards

Reporting, tracking of research progress

Ranking of listed companies in the field of general aviation by market capitalization

List of key enterprises in the field of general aviation + introduction

※※※※※※※※※※