Zhi Tong Cai Jing·2025-11-24 01:56Core Viewpoint - The launch of commercial trials for satellite IoT in China marks a significant step towards enhancing the satellite communication market, stimulating industry growth, and supporting emerging sectors like commercial space and low-altitude economy [1][2][3] Industry Summary - The Ministry of Industry and Information Technology announced the start of a two-year commercial trial for satellite IoT, aimed at enriching market supply and establishing a regulatory framework [1] - The satellite IoT business connects various IoT devices through satellite communication, providing low-speed data services for a wide range of applications, including agriculture and emergency communications [1][2] - The satellite communication market in China is projected to exceed 80 billion yuan in 2023, with an expected annual growth rate of approximately 15% from 2024 to 2029, potentially reaching over 200 billion yuan by 2029 [2] - The commercial trial is expected to create significant demand for satellite launches, driving growth in satellite manufacturing and rocket launch industries [1][3] Company Developments - China Telecom has made advancements in satellite internet technology, enabling mobile devices to connect directly to satellites, with coverage extending to 25 million mobile terminals [4] - China Mobile has received a license to operate satellite mobile communication services, enhancing applications in emergency communication and remote area connectivity [5] - China Unicom successfully launched four low-orbit satellites, including the first domestic satellite with 3GPP narrowband IoT capabilities, marking a significant step in low-orbit satellite IoT development [5]