China's Commercial Aerospace Sector Boosts Space Exploration and Market Growth
The Gravity-1 Yao-2 rocket successfully launched three satellites from Haiyang, Shandong province, marking a significant advancement in China's commercial aerospace sector. The market is projected to exceed 2.5 trillion yuan this year, as collaboration between government and market forces facilitates rapid technological iterations, cost reduction, and expanded applications.
New commercial rockets like Zhuque-3, Tianlong-3, and Gravity-2 are currently in design and testing phases to alleviate launch resource shortages. The commercial sector enhances launch opportunities and technical flexibility, with innovations such as Blue Arrow Aerospace's reusable methane engines and Galaxy Power Company's 3D-printed rocket motors.
Over 10 provinces have introduced policies to support commercial aerospace development, creating numerous specialized companies and forming a robust space economy ecosystem. This sector not only supports national missions but also addresses public needs through satellite services that enhance agriculture and transportation.
