中国低空经济投融资报告：中国低空经济投融资地图（2025）

Core Insights - The report titled "China Low Altitude Economy Investment and Financing Map (2025)" provides a comprehensive analysis of the current state and future direction of China's low altitude economy, focusing on investment opportunities and risks across various dimensions [1][9]. Policy Analysis - China's low altitude economy policy framework is characterized by a multi-level collaborative structure involving national, provincial, municipal, and county levels, with a focus on top-level design and regulatory frameworks [12][13]. - Since 2021, multiple policies have been introduced to promote the development of the low altitude economy, emphasizing safety regulation, infrastructure development, and industry cultivation [12][20]. - By 2027, 21 provinces are expected to reach a trillion-yuan scale in low altitude economy, showcasing a differentiated development path across regions [1][25]. Enterprise Distribution - The low altitude economy enterprises are significantly concentrated in the eastern regions, particularly in the Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macau Greater Bay Area, with over 30% of enterprises located in Guangdong, Jiangsu, and Beijing [2][39]. - The industry is primarily composed of small and medium-sized enterprises, with a focus on drone manufacturers and flight control manufacturers, indicating an early stage of competition [2][39]. Investment and Financing - From 2020 to 2024, there has been active external investment in low altitude economy enterprises, forming a multi-level urban investment network, particularly in technology service sectors [2][18]. - Beijing serves as the core for financing, with government investment funds creating a diverse funding landscape that supports the growth and expansion of small and medium-sized enterprises [2][18]. - Innovative financing models such as PPP, REITs, and green finance are being explored to enhance investment in the low altitude economy [2][18]. Demand Potential - Government procurement is focused on public safety and ecological areas, with varying demand characteristics across different cities [2][22]. - The consumer end shows broad applications in logistics, cultural tourism, and agriculture, indicating a promising market growth outlook [2][22]. Future Trends - The low altitude economy is expected to transition from being primarily government-led to a more market-oriented approach, gradually establishing a unified national low altitude market and capital circulation system [2][25]. - The report highlights the importance of aligning policy, capital, technology, and market forces to drive the development of the low altitude economy [2][21].