2025中国低空经济投融资报告：中国低空经济投融资地图

Core Insights - The report outlines the development of China's low-altitude economy, emphasizing the dual drive of policy and capital, and the emerging regional collaborative patterns [1] Policy Analysis - China has established a multi-level collaborative system for low-altitude economy development, with national, provincial, municipal, and county levels working together [2] - The national level focuses on top-level design and has introduced several policies to optimize air routes and manage low-altitude airspace [2] - 21 provinces have released specific action plans, with targets such as achieving a scale of 300 billion yuan in Guangdong and Zhejiang by 2025 or 2026 [2][29] - 82 cities have issued relevant policies, with Guangzhou leading in legal support and over 30 cities addressing practical issues like flight approval [2] Financial Support - Financial and fiscal collaboration is crucial for the low-altitude economy, with long-term capital provided through special bonds and industry guidance funds [3] - The financial sector supports enterprises through various tools, including policy loans and capital market financing, creating a comprehensive funding support system [3][22] - The investment landscape shows a concentration of low-altitude economy enterprises in eastern regions, with over 30% of enterprises located in Guangdong, Jiangsu, and Beijing [3] Industry Characteristics - The low-altitude economy exhibits significant clustering, particularly in the eastern regions, with 95% of enterprises located in 19 national urban agglomerations [3] - Key cities like Beijing, Shenzhen, and Xi'an lead in enterprise numbers, while Guangdong and Jiangsu have multiple cities in the top 30 [3] Investment Trends - From 2020 to 2024, nearly 2,700 low-altitude economy enterprises initiated investments in over 8,300 companies, indicating a robust investment network [4] - Investment is concentrated in technology services, manufacturing, and leasing, with respective shares of 30%, 20%, and 14% [4] Financing Market Dynamics - Beijing leads in financing events, with over 900 occurrences, while cities like Chengdu and Xi'an show significant activity [5] - More than 60% of financing events involve small and medium-sized enterprises, with government investment funds focusing on growth and expansion phases [5] Regional Development Patterns - An "East leads - Central follows - West breaks through" pattern is forming, with eastern regions making breakthroughs in high-end fields like drones and eVTOL [5] - Central regions are becoming new hubs for industry aggregation, while western regions leverage abundant airspace resources for unique applications [5] Demand Potential - Government procurement is driving demand in public safety and ecological governance, while consumer applications focus on logistics, tourism, and urban air mobility [6] - The low-altitude economy is expected to transition from fiscal dominance to market-oriented development, supported by improved infrastructure and regulatory frameworks [6]