国泰君安：中国卫星互联网产业市场空间加速打开 卫星制造和火箭发射相关产业有望持续受益

Core Viewpoint - The report from Guotai Junan indicates that the Chinese satellite internet industry is projected to grow significantly, with a compound annual growth rate (CAGR) of 11.2% from 2021 to 2025, increasing from approximately 29.25 billion yuan in 2021 to an estimated 44.692 billion yuan by 2025 [1] Industry Summary - The Chinese satellite internet industry is currently in its early development stage, primarily focused on satellite manufacturing and rocket launches [1] - The ongoing construction of satellite constellations, such as Xingwang and G60, is expected to accelerate market expansion [1] - The related industrial chain is anticipated to continue benefiting from this growth [1]