Since 2024, Luohu district in Shenzhen has rapidly emerged as a rising hub for China's aerospace and low-altitude economy. The district has attracted a cluster of representative unicorns and "little giant" enterprises — innovative and elite small and medium-sized companies that specialize in niche markets, possess cutting-edge technologies, and demonstrate strong growth potential — including Cangyu Space Technology, LandSpace, UnifiedNet, and MagicCubeSat.
At present, Luohu is home to nine aerospace enterprises above designated size and more than 120 supporting upstream and downstream companies. According to local authorities, the district aims to add over 20 new enterprises above designated size in the low-altitude and aerospace sectors by 2025.
The aerospace industry has become a trillion-dollar global race track. Industry forecasts project that the global commercial space market will reach $1.5 trillion by 2030. In the same year, China plans to serve over 10 million satellite communication users. Experts predict that in the next three to five years, the number of satellite launches in China will increase three- to fivefold, with the annual launch of low-orbit satellites expected to soar from 380 in 2024 to around 1,200 in 2027.
In the key Sungang–Qingshuihe area, Luohu has already attracted three leading aerospace enterprises capable of serving as "chain leaders," driving collaboration and creating a strong industrial clustering effect.
Luohu's aerospace industrial chain is now focusing on high-value, high-tech segments such as satellite communications, network services, and application innovation. Many of these initiatives are filling gaps in the current market, with demonstration projects already emerging in areas including satellite communications and smart city applications.