在新质生产力加速培育的当下,商业航天已从昔日的"高冷领域"走进产业视野,成为兼具技术深度与市场 活力的新增长极。作为长期聚焦新兴产业研究的机构,广东博众通过持续跟踪发现,当前商业航天正迎来 政策、技术、应用共振的黄金发展期,其明确且加速的发展趋势,值得投资者重点关注。 核心技术的密集突破,正在打破商业航天的发展瓶颈。火箭领域,朱雀三号完成垂直起降返回试验,智神星 一号等可重复使用火箭即将首飞,通过回收复用技术,发射成本较传统火箭大幅降低。卫星领域,千帆星 座、GW星座等巨型星座持续组网,柔性太阳翼、高抗干扰通信等技术提升了卫星的性能与可靠性。发射 设施方面,海南商业航天发射场进入常态化运营,补齐了商业航天产业的最后一块拼图。这些技术进展不 仅提升了我国商业航天的核心竞争力,也让大规模太空探索和应用成为可能。 政策层面的持续加码,为商业航天发展筑牢了基础。从商业航天首次被写入政府工作报告,到国家航天局 专门成立商业航天司,再到《国家航天局推进商业航天高质量安全发展的行动计划》正式印发,一套覆盖 全产业链的政策体系已初步构建。地方层面同样动作频频,北京打造"火箭大街"聚集百余家空天企业,安 徽、山东等地也在加速建 ...

Core Insights - The global satellite internet constellation is rapidly developing, with major players including Starlink, GW constellation, G60, Honghu-3, OneWeb, and Kuiper, particularly highlighting the advancements of SpaceX's Starlink project which has launched over 10,000 satellites as part of a planned 42,000 satellites [1] - China is also making significant strides with three major satellite constellation plans, including China Star Network (GW constellation), Shanghai Yuanxin (G60 Qianfan constellation), and Blue Arrow Hongqing Technology (Honghu-3 constellation), aiming to launch a total of 116 satellites by October 2025 [1] - The commercial space industry is characterized by market-driven activities where enterprises, including private and mixed-ownership companies, invest, operate, and bear risks across the entire aerospace value chain, covering technology R&D, manufacturing, launching, and application [1] Industry Developments - The report indicates that the launch schedule for national rockets like Long March 12, Long March 8A, and Long March 6 modified is tight due to other national space missions, leading to slower than expected overall launch progress [3] - There is an urgent need for high-capacity, low-cost, and reliable reusable rockets, with new commercial rocket models such as Zhuque-3, Tianlong-3, and others expected to debut by the end of 2025, which could accelerate the deployment of domestic low-orbit satellite constellations [3] - The satellite manufacturing process is evolving towards modular design, automated testing, and mass assembly, which is expected to release production capacity, while rocket launches are transitioning to reusable, low-cost, and high-capacity models, indicating a shift from validation to engineering application and large-scale development [3]