On the afternoon of December 18, Sina The annual grand ceremony of "2019 Science and Technology Billboard" opened today in Shangri La Hotel, Beijing. With the theme of "Reconstructing New Technology and Enabling New Life", this list of science and technology trends shares the technology era with many industry leaders and industry leaders. Liu Chang, partner of Galaxy Aerospace, delivered a keynote speech titled "New Opportunities and New Markets in the" Space Internet Era "at the ceremony.
Liu Chang said that today, with the rapid development of the information age, nearly 4 billion people in the world still have no access to the Internet, which is also a huge market demand and business opportunities. What Galaxy Space does is to provide users with more diversified network access methods through communication satellites in space. According to the data released by the Ministry of Industry and Information Technology, there are 113000 5G base stations in China, but these 5G base stations can only cover most of the first tier cities in Beijing, Shanghai, Guangzhou and Shenzhen. The space Internet is expected to seamlessly cover all corners of the world.
There are also many enterprises entering the space Internet field around the world, such as Musk's SpaceX, Amazon Bezos. She predicted that the space Internet would bring a trillion yuan global market. The scale of the global aerospace industry is nearly 400 billion dollars, or more than 2.5 trillion yuan. Apart from 20% of the rocket industry, the satellite industry accounts for more than 80% of the global aerospace industry.
"What is the concept of $400 billion? In 2016, the output value of all Internet companies in the world, including Bezos' Amazon, and Zuckerberg's Facebook , including Ali 、 tencent All companies together, the global Internet output value in 2016 was 380 billion dollars. In other words, the aerospace industry is larger than the global Internet industry combined. "
As for the Chinese market, Liu Chang believes that aerospace may be the last open large-scale industrial system in China, which will generate 300 billion yuan of business opportunities in the future.
The following is the transcript of Liu Chang's keynote speech "New Opportunities and New Markets in the" Space Internet Era ":
Hello, everyone! I'm Liu Chang from Galaxy Space. Just now, the previous guests talked about things on the earth. Today, I want to tell you what is happening in the sky when we leave the two-dimensional network of the earth.
I am an old Internet person. I have almost 20 years of Internet experience. My first Internet job was at Sina. So today, I would also like to thank the sponsor for inviting me to come here, and I feel like going home.
What I want to share with you today is the space Internet. There are two words in it, space and the Internet. New opportunities and new markets in the space Internet era. Let me show you a piece of film first, so that you can feel what company Galaxy Aerospace is.
In short, we are a startup company that builds satellites. What is the relationship between 5G satellites and the Internet? I want to start with a particularly hot 5G concept. As we all know, Zhang Xinzhe's concerts were called 5G concerts some time ago, and I think many of the guests present have 5G mobile phones. In fact, the 5G era has really arrived. 5G is equivalent to providing you with a particularly fast network access. What does it have to do with space? Although 5G has welcomed a wide range of development opportunities today, we may not know that there are still 4 billion people in the world who do not have access to the Internet in the information age. Previously, friends of Huawei Cloud, including Mr. Wu, told us about these particularly cool applications. There are 4 billion people in the world who have not yet access to the Internet. This is a very large number, a very enlightening number, but it is also a huge market demand and business opportunity.
If 5G provides a highway for the earth, our communication satellite will actually provide a more diversified access mode for everyone in the sky. If we compare the 5G base station to the railway on the earth, we can forward the optical fiber network to the satellite through the gateway station, and then transmit it to the user terminal through the satellite, and access to each person's network. The user terminal of each person is actually equivalent to that we have built a new and faster highway in the sky and space. 4 billion people have no access to the Internet, and the opportunities brought by 5G have given birth to very large business opportunities.
Many giants in the world have entered this market. Now let me show you what our American competitor, SpaceX of Musk, is doing. This is the LEO satellite video launched by SpaceX of Musk on May 24 this year, which is very exciting. They put 60 satellites together and launched them into space at once. Each small satellite can automatically climb to the established orbit. These 60 satellites have been preliminarily networked and formed a network closed-loop. This can be said to be the most advanced low orbit satellite Internet application technology in the world.
Earlier, on February 26, another company in the United States called Yiwang Company launched a one click 60 star. In October not long ago, Musk successfully launched the second batch of one button 60 satellites. So we can say that the most exciting space Internet era has come. By building a low orbit Tianji Internet in space, the United States is overtaking China's 5G applications in curves. There is such a data. Recently, the Ministry of Industry and Information Technology released a data that we have 113000 5G base stations, but these 113000 5G base stations can only cover most areas of the first tier cities in Beijing, Shanghai, Guangzhou and Shenzhen, let alone the whole of China. Musk's one button 60 star has a final plan, which will provide 42000 satellites for deployment, seamlessly covering all corners of the world. Therefore, we can say that the most exciting space Internet era has arrived with Musk's one click 60 star networking. Bezos will also deploy the space Internet, which is also available in China. Private companies like Galaxy Aerospace are doing space Internet.
Why do you want to do space Internet? In fact, there are huge business opportunities behind this. We predict that the space Internet will bring a trillion yuan market. What is this concept? The scale of the global aerospace industry is nearly 400 billion dollars, or more than 2.5 trillion yuan. In commercial aerospace, the industrial scale is 80% of the entire aerospace industry. The satellite industry accounts for 80%, and the remaining 20% is the rocket industry. Satellite communication services account for 90% of the total revenue from satellite services. What is the concept of 400 billion dollars? In 2016, the output value of all Internet companies in the world, including Bezos Amazon, Zuckerberg Facebook, Alibaba and Tencent, combined, the global Internet output value in 2016 was 380 billion dollars. In other words, the aerospace industry is larger than the global Internet industry combined. Therefore, this is a very huge industry.
Where is such a large industry applied? This is a typical application scenario. First of all, it provides a solution channel beyond the earth's surface for the global 5G communication, and it can also provide a complement to the ground communication in the marginal areas where there is no way to cover the ground base station network. Although under the condition of such perfect ground communication network coverage today, there is still no way to provide rapid communication based rescue in case of major disasters, which requires the use of space Internet, including government private networks, scientific exploration and exploration, etc. Let's give you two more typical application scenarios. Everyone will take a plane, and we have more or less experienced how inconvenient, slow and expensive it is to use the network on the plane. One data shows that by 2020, half of the aircraft in the world will be connected to the Internet, which can quickly respond to Internet applications. This application will create a huge market of 130 billion dollars. For example, high-frequency operations in the financial field, such as the financial center in London, which transmits information to the financial street in New York through direct satellite transmission, are equivalent to reducing the delay of tens of milliseconds for the submarine optical cable going to the Pacific Ocean, which will bring the market value of several trillion dollars.
We say that the space Internet era is coming, where are the opportunities for Chinese start-ups, especially in such a huge system as aerospace. As a start-up company like Galaxy Aerospace, where are our opportunities? The huge development of an industry has three very important factors. The first important factor is the huge market prospect. By 2025, the direct output brought by 5G will reach 4 trillion and the indirect output will reach 6 trillion. By 2030, it will exceed 10 trillion yuan.
The second factor is the intelligent manufacturing industry. Our country has a very good manufacturing base and a large number of high-quality industrial workers. These factors will play a huge role. The enterprises that we used to support cars and robots are also gradually supporting the aerospace industry. Of course, some friends said that the space system is a very closed system. In the Internet circle, there is a saying that "very huge regulation" is actually a huge business opportunity. Therefore, we also see that since 2014, China's space system has gradually opened the door to commercial aerospace. More and more private rocket companies have entered the market, and we also see that satellite companies such as Galaxy Aerospace have ushered in huge market opportunities. More and more civil basic and social forces have joined in various fields of the satellite industry.
Aerospace may be the last large-scale open industrial system in China. Under this large-scale industrial system, China alone will bring an output value of 300 billion yuan. This 300 billion yuan can actually create a very good business opportunity. With all that said, let's see what achievements Galaxy Aerospace has made in 2019.
We have positioned ourselves as a new species of Internet+aerospace, because from myself to our CEO, half of our company's core management team is not engaged in aerospace, we are engaged in the Internet. Therefore, our team has both the reliability and preciseness of aerospace and the quick pace and iteration of the Internet. This is the first star we are going to launch. Students who are studying communication on the spot should know that this is the first payload developed with the highest QV frequency band in our country. The top is our satellite terminal, which is connected to the user's equipment through this satellite terminal. The bottom is our gateway station, which is used to connect to the backbone network. The signal is transparently transmitted to the satellite through the backbone network, and then transmitted to the user's terminal through the satellite, and then connected to our handheld computers and computers. The satellite in the middle is really the pride of the Milky Way people. Aerospace is a very rigorous industrial system. For us, the load is actually the core component of the satellite. At that time, our technical solution had two voices. One was that conservative experts said that the traditional KA and KU bands would not make mistakes. But another voice said that we should be more innovative and use the QV band that no one in China or even the world has tried. Later, when we made a decision, we expected that there would be fewer and fewer communication sources based on LEO satellite high frequency in the future, and the resources would be more and more scarce. Therefore, we must make a detour to overtake the United States, and make our loads in higher frequency bands, bringing opportunities to our existing private aerospace companies that started relatively late. Facts have proved that our decision is very correct. This satellite will fly into space with our expectation.
The capacity of our single satellite is 10GBps. The flux of the core satellites of the United States is the same as ours. We are truly benchmarking the most advanced international level. Our feed circuit uses the QV band, and the user link uses the Ka band. The forward and reverse rates can reach up to 600 megabytes.
Our satellite will be launched in Jiuquan in the near future, with the pride of the Chinese people, which also represents that China's space flight has really entered the space Internet.
The photo on the left is that of Wen Xu, a young adventurer who is now making a solo and helpless journey through the Antarctic, passing through difficulties and obstacles on the Antarctic continent alone through the satellite equipment provided by Galaxy Space. It's a little pity that although we provide communication support on the ground, the satellites still use high orbit satellites. It is believed that in the near future, with the completion of our own LEO broadband satellite network, all people around the world, such as Wen Xu, will be able to enjoy the extraordinary experience of 5G network more conveniently and quickly. Let's look forward to this day together. thank you!
