火箭回收技术实现突破，明年底实现首飞入轨加回收

Core Insights - Chinese commercial aerospace company Qianyi Aerospace has recently launched its self-developed ADHL rocket recovery technology, aiming to achieve horizontal landing through aerodynamic deceleration, thereby reducing fuel consumption and extending engine life [1] - The technology allows the rocket to decelerate from hypersonic to subsonic speeds during atmospheric re-entry, ultimately achieving powered descent and horizontal landing [1] - The "Xuan Niao" series of launch vehicles will utilize this technology, with only 1% of payload loss, catering to various scenarios such as commercial satellite launches and space tourism [1] - The company has completed the overall design of the "Xuan Niao-R" and plans to achieve its first flight and recovery by the end of 2026 [1] Industry Overview - Rocket recovery technology is transitioning from the technology validation phase to large-scale commercial application, with the Chinese rocket recovery market expected to exceed 12 billion yuan by 2025, reflecting a compound annual growth rate of 35% [1] - This sector is becoming the fastest-growing segment in the global commercial aerospace field, significantly lowering launch costs [1] - By 2030, the cost of a single launch for recoverable rockets in China is projected to drop below 20% of traditional rockets, providing economically viable solutions for satellite internet, space tourism, and deep space exploration [1] - The advancement of rocket recovery technology is leading Chinese commercial aerospace into a new era of "reusability," with expanding market size, diversified technological pathways, and increasingly prominent cost advantages, offering vast development space for the industry [1]