On January 14th, news emerged that currently, entities like China StarNet, Shanghai Yuanxin, Landspace Hongqing, and the Radio Innovation Institute have submitted constellation deployment plans to the International Telecommunication Union (ITU), each plan encompassing over 10,000 satellites. Since 2023, more than 60 Chinese institutions have officially declared their satellite data to the ITU. These institutions come from a wide variety of backgrounds, including central state-owned enterprises such as China StarNet, Shanghai Yuanxin, and China Satcom; renowned research institutions like Tsinghua University, Peking University, the Chinese Academy of Sciences, and Pengcheng National Laboratory; as well as commercial aerospace companies including Landspace Hongqing, Galaxy Space, Chang Guang Satellite, and NationStar Aerospace.

A research report from Kaiyuan Securities highlighted that low-Earth orbit (LEO) satellite constellations have emerged as a new hotspot in the space race among major powers. Amid the fierce competition for frequency and orbital resources, the satellite industry market boasts immense potential and is projected to reach a trillion-yuan scale. The LEO satellite market is expected to witness substantial growth over the next decade. Meanwhile, the race for LEO satellite resources is poised to propel the entire satellite industry chain into the profit-making phase earlier than anticipated.