国君军工|打造新增长引擎,商业航天有望驶入“快车道”

Investment Rating - The report indicates a positive outlook for the commercial aerospace industry, highlighting its potential as a "new growth engine" for the economy [2]. Core Insights - The Guangdong Province has launched an action plan aiming for the commercial aerospace and related industries to reach a scale of 300 billion yuan by 2026, with the goal of establishing over 10 key enterprises and more than 5 specialized industrial clusters [1]. - The action plan outlines 20 key tasks to enhance the industry ecosystem, focusing on core technology breakthroughs, collaborative innovation platforms, and optimizing industrial layout [1]. - The report emphasizes the expected rapid development of the space economy, with emerging fields such as space manufacturing, tourism, safety, resource utilization, and biomedicine being prioritized [1]. Summary by Sections Action Plan Objectives - By 2026, the goal is to achieve a scale of 300 billion yuan in commercial aerospace and related industries, with the establishment of over 10 key enterprises and 5 specialized industrial clusters [1]. - By 2028, the aim is to create a development pattern characterized by reusable rocket capabilities and a strong regional aerospace innovation hub [1]. Key Tasks - Focus on technology breakthroughs in satellite manufacturing, transportation, constellation networking, and real-time data processing [1]. - Implement supply chain strengthening projects to enhance the commercial aerospace supply chain [1]. - Develop specialized industrial parks in cities like Guangzhou and Shenzhen to cover the entire aerospace industry chain from rockets to applications [1]. Market Potential - The commercial aerospace sector is expected to drive the development of various industries, including low-orbit internet constellations, remote sensing, satellite navigation, and communication [2]. - Recent policies from multiple regions are anticipated to catalyze the growth of the commercial aerospace industry in China [2].