DVB-S2 will be released as the next-generation digital satellite broadcasting standard. The draft has been formally released. The new standard will greatly expand the service coverage while increasing the original channel transmission capacity, and it will also be widely used to enhance the original channel transmission capacity. It will also greatly expand its business scope and receive extensive attention in the fields of broadcasting, telecommunications, and computers. On the basis of comparison with previous standards, this article describes the main technical advantages of the new standard, and briefly introduces the background of the development of the standard, the current progress and future application prospects.