In 2024, China's satellite internet industry is facing significant development opportunities. With continuous technological breakthroughs and growing market demand, the industry has undergone substantial development. For instance, China Satellite Network Group plans to construct a vast constellation system composed of 12,992 satellites, signifying China's more critical role in the global satellite internet service sector.
Regarding the development status of the industry, China's satellite internet industry is in a period of rapid growth. According to SIA data, the industry size in China was approximately 29.25 billion yuan in 2021 and is expected to grow to 44.692 billion yuan by 2025, with a compound annual growth rate of 11.2%. This growth is attributed to the country's recent encouraging policies and support for satellite internet applications, creating favorable opportunities for industry development.
In terms of the performance of listed companies, major industry players such as China Satellite, Oribite, and Shanghai Hu Gong, show optimistic overall performance despite fierce competition, with sustained market demand. Their financial reports indicate a stable supply and demand relationship and a continuous market demand increase.
National policies and development trends show that the Chinese government places high importance on the development of the satellite internet industry, enacting a series of supportive policies. In April 2020, the National Development and Reform Commission included satellite internet in the "new infrastructure," categorizing it as a part of communication network infrastructure, providing policy support and direction for the industry's development.
Market behavior analysis indicates that the stock prices of leading listed companies in the industry have been stable recently, with active new project investments. Market consumption data show a good product market supply and demand relationship and stable prices, indicating an optimistic outlook for the industry.
A.Top's industry investment view believes that, combined with the current state of the industry, the future development prospects of China's satellite internet industry are very broad. With the continuous maturation of technology and the continuous expansion of application fields, the industry is expected to maintain rapid growth and become an important part of the global communication network.