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Did you know?

August 12, 2022 

China is now the world's second-largest commercial satellite owner after the U.S.

China started its commercial aerospace sector in 2015 when the country launched a 10-year plan to engage private players in the once national-operation-only field.

Boosted by policy support, China's aerospace market has grown rapidly in the past seven years, with an annual growth rate of more than 20%, and it is expected to top 1.5 trillion yuan (about $222 billion) in 2022.

As of this June, China has more than 120 commercial satellites in orbit, with an ever-expanding field of applications, such as meteorological observation, land surveying and mapping, and ocean observation.

(Sources: China Report)

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