Space satellite communication develops rapidly, the military-civilian integration trillion market will break out

This potential trillion market will erupt, and there is huge room for future development. China's aerospace industry has grown from scratch, from small to large, from weak to strong, and has now become a strategic high-tech industry in China. Communication, navigation and remote sensing are the three sister flowers in the information field, and the integrated service based on communication, guidance and telemetry is also one of the core concerns of the future information network.

After years of exploration, China has successfully developed a series of global satellite mobile terminal products. According to the National Aeronautics and Space Administration data, the annual output value of China's satellite applications exceeds 200 billion yuan, and the trillion-dollar market based on satellite big data is waiting to be tapped.

China's space development rapid military-civilian integration concept stocks continue to strengthen

According to Wind data, the military-civilian integration index fell from the highest point of the April 12, 2017 period to February 9 this year, with a decline of 40.94%. The military-civilian integration index underperformed the Shanghai Composite Index by 36.1 percentage points over the same period.

From February 12 to the end of April this year, the military-civilian integration index increased by 19.12%, while the Shanghai Composite Index fell 1.52%, while the military-civilian integration index outperformed the Shanghai Composite Index by 20.64 percentage points.

Feng Fuzhang, chief analyst of the military industry of Essence Securities, said that the previous decline was nonsense, or a more pessimistic sentiment, so it was more urgent to rise later. In the long run, the rise of military industry this time has its logical support behind it. The logic is that there is a significant change in the military industry in 2018 compared with the past two years. It is due to changes in military orders, and orders in this industry have begun to show better improvement.

According to WIND statistics, as of the end of April, 76 listed companies in the A-share military-civilian integration concept have released the 2017 annual report;

Among them, 48 companies achieved a year-on-year increase in net profit, accounting for over 60%, 36 net profit growth of more than 10%, and 6 net profit doubled.

In the concept of A-share military-civilian integration, 76 companies released the first quarter of this year, in which 47 listed companies achieved a year-on-year increase in net profit, accounting for more than 60%.

According to Li Yuyang, chief analyst of CITIC Securities' military industry, from the perspective of market space, there is huge market space for informatized weapons, equipment and ancillary products. From the perspective of competition, there are already a large number of military-civilian integration companies in certain segments. The technical level of the field is relatively high, the core competitiveness is strong, and the core supporting, sub-system and complete machine are continuously expanded. The future development space is worth looking forward to.

The industry believes that in 2017, military and civilian integration, research institute reform, mixed reform and other military industrial system reforms have made substantial progress, the military industry 2018 orders, payment and other fundamentals will continue to improve.

Feng Fuzhang, chief analyst of the military industry of Essence Securities, said that some companies with fundamental support and relatively low valuations can choose some companies with lower valuations than similar companies in the sector. Another point is that military should be this year. It is a general market, the fundamentals are turning better, so 2018 will be better than 2016 and 2017, and 2019 will be better than this year.

Domestic satellite application, first-mover advantage, enterprise order growth, accelerated release

On April 26th, the "Zhuhai No. 1" remote sensing micro-satellite constellation 02 group satellite was successfully launched by the Long March 11 carrier rocket in the Jiuquan Satellite Launch Center, and five satellites entered the established orbit. The two "Zhuhai No. 1" satellite networks on the track will greatly enhance the ability of the constellation to collect remote sensing data.

Thirty years ago, China’s first static communication satellite was successfully launched, opening a new era of China’s autonomous satellite applications. Today, the development of China's aerospace industry has created a new situation. In the three major fields of communication broadcasting, navigation and remote sensing, satellite applications have become the symbol of global strategic high-tech application fields, and have begun to enter the era of industrialization and large-scale development. Last year, China’s first high-throughput communication satellite practice was successfully launched on the 13th. It is also the first satellite in China to carry Ka-band multi-beam communication payload. The total communication capacity exceeds the total capacity of the communication satellites that have been developed and launched in China, marking the communication satellite of China. Has entered the era of high-throughput.

Wu Guangsheng, chairman of Huaxun Ark Group Co., Ltd. said that the frequency of the terahertz can be reduced on the communication satellite, the bandwidth of the communication satellite will be greatly reduced, and the bandwidth of the entire satellite will increase greatly. This order is very stable, and There is a huge increase in the number of applications every commercial satellite, and the industry has a long cycle, of course, the threshold is also high, so the order volume is also growing.

According to industry insiders, satellite is an important spatial information infrastructure, which has been deeply integrated into people's daily life and has become the basic support for people's information life. On February 12 this year, the new members of the Beidou-3 satellite navigation system family, the fifth and sixth satellites, were successfully launched, and the core system products of Beidou Global Navigation System were localized. With the sharp improvement of the Beidou precision, the application based on Beidou has gradually begun to spread. From the perspective of information security, it is necessary to ensure the security of Beidou applications and securely encrypt and transmit signals.

Wang Shuai, general manager of Nanjing Tongfang Beidou Co., Ltd. said that after the development of the Beidou industry in 1967, the total industrial scale reached 250 billion last year, which is 18% compared with the industry growth in 2016, and the Beidou penetration rate is over 80%. The most promising and the most promising space in the future is to serve in a high-precision location.

Localization of satellite core components accelerates the satellite application industry chain to usher in opportunities

At the Shekou Port of Shekou, Shenzhen, a cruise ship is docked next to the dock. On top of one of the new cruise ships, the staff is installing and commissioning the satellite communication system of the cruise ship. After the successful commissioning, the cruise ship can travel far.

Xin Zhenming, R&D Director of Satellite Communication Products Division of Huaxun Ark Technology Co., Ltd., introduced that the satellite broadband system and command center can monitor the status of the ship in real time, and some high-definition video can be viewed online through satellite signals.

The reporter learned that in the past, the cruise ship left the dock, and the passenger's mobile phone on the cruise ship could not talk in the place where the ground base station did not cover the signal, and satellite communication just solved the problem.

Whether it is high-speed rail, aircraft Internet service, or remote communication in remote mountain villages; whether it is the navigation and positioning of ocean navigation, or the monitoring and analysis of agriculture, forestry and hydrology, it is inseparable from the support of satellite technology.

Satellite communication is characterized by the fact that the transmission is not restricted by terrain and the transmission distance is long, and it has the advantage that the ground network cannot replace.

Wu Guangsheng, chairman of Huaxun Ark Group Co., Ltd., said that from the chip-to-chip module, to the layout of all the antennas assembled from the algorithm to the module to the semiconductor to the final overall system, these basic designs. It is completely independent of intellectual property rights, and this product is now used not only in the country, but also in some special industries and exports to overseas.

According to industry insiders, China's satellite development and launch capability has now entered the world's advanced ranks. China is gradually breaking foreign technology monopoly, stepping out of the localization and independent control of key components of Beidou navigation satellite, and also for related application enterprises. Come a lot of orders.

Yan Bin, chairman of Shenzhen Yunhai Internet of Things Technology Co., Ltd., said that the current orders, as well as some foreign demand, are indeed very good. If they are added together, it is estimated that the order in 2018 is 2 About 100 million, it has also doubled.

Zheng Xiaohua, general manager of DLR terminal product line of Hainengda Communication Co., Ltd. said that since 2012, it has maintained an annual growth rate of 40% to 50%, and has accumulated to a million-level sales. This is only for the domestic market. In the future, along with the Belt and Road Initiative, we will move to more countries and regions, and this scale will be ten times more than now.

According to the prediction of Shanghai Industrial Technology Research Institute, the market for high-precision application of satellite navigation and positioning in China will reach 21.5 billion yuan by 2020, and the compound growth rate will reach 24.9% from 2015 to 2020. The high-precision application of Beidou civil is expected to usher in rapid development.

Satellite big data is still in the initial stage of the trillion market to be excavated

From satellite to commercial applications, the demand for satellite big data applications is very large. Among them, data collection and earth observation are areas where private enterprises have the opportunity to enter. Big data plus its services, the entire system has huge market space in the future.

Yan Zhiyu, general manager of Zhuhai Obit Aerospace Technology Co., Ltd., said that China's satellite big data industry is currently in a preliminary stage. First, there are still relatively few such commercial remote sensing aerospace manufacturers in China, and the application of downstream applications is not sufficient. Overall, the market for satellite big data will have a trillion-level market.

According to industry insiders, one-stop one-star measurement and control communication can no longer meet the demand, and one-stop multi-star technology faces technical challenges.

With the increasing frequency of frequency resources in the current space, with the increasing number of satellites, the available resources in the space frequency band will become more and more tense, and the existing satellite systems can no longer meet the current development needs, a new type of satellite Internet format. Or will be born.

Wu Guangsheng, chairman of Huaxun Ark Group Co., Ltd. said that after the satellite went up, if only one or two small satellites were operating in the sky, the service you provided was very limited. In the future, the demand for high-traffic satellites and static-orbiting satellites, the high-throughput communication, will form a seamless space-based Internet covering all of humanity and covering the whole earth. At that time, it may be an emerging form of the Internet. Will come.