Credit: Euroconsult, China Space Industry 2018 (used with permission)

A new deep dive report on China’s space industry has been completed by Euroconsult.

The report — China Space Industry 2018 – notes that the China space value chain had an estimated size of more than $16 billion in 2017, with the downstream market accounting for just over 85%.

Satellite Navigation, one of the key satellite applications in China, was the main revenue generator in 2017, ahead of Satellite Communications and Earth Observation.

The analysis looks into the current Chinese space ecosystem and future expected evolutions, from upstream to downstream, and covers these space segments:

  • Satellite Manufacturing
  • Launch
  • Satellite Communications
  • Earth Observation
  • Satellite Navigation
  • Space Exploration

    Credit: CCTV/Screengrab/Inside Outer Space

Rapidly evolving

“China’s space industry is rapidly evolving, with an increasing number of nominally private companies competing in different parts of the space industry in both China and abroad, and with the Chinese space industry starting to play a bigger role in cutting-edge technology,” explains Dimitri Buchs, Senior Consultant at Euroconsult and editor of the report. “Changes are occurring at a rapid pace across the value chain, for both upstream and downstream activities and for all application domains,” he adds.

According to a Euroconsult statement, the current changes in the space ecosystem are being brought about using different strategies, “such as the opening of some markets to private enterprises and greater competition among incumbents, all of which are aimed at fostering greater innovation among companies within China.”

Credit: China Manned Space Agency

Grander ambitions

Moving forward, Euroconsult adds it is expected that the Chinese government will continue to open different parts of the space industry.

“Indeed, with the state-owned giants more recently focusing on grander ambitions, such as China’s space station, the Chang’e moon mission, and eventually human missions to the Moon and Mars, it is possible that much of what is considered traditional commercial space, and even new space, will become more open to the private sector as the state sets its sights on bigger targets.”

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