SF Holding(SZ:002352) Sou Hu Cai Jing·2025-10-16 08:05Core Insights - The low-altitude economy is emerging as a significant economic driver, transforming various sectors such as logistics, agriculture, tourism, and public services through the use of manned and unmanned aerial vehicles [1][2][19]. Group 1: Definition and Key Applications - The low-altitude economy operates below 1,000 meters (with some areas extending to 4,000 meters) and primarily involves general aviation and drones [2][19]. - In logistics, drones are addressing ground traffic bottlenecks by enabling rapid delivery of small packages, with companies like Walmart achieving 15-minute delivery times and SF Express completing over 800,000 flights [2][21]. - Agricultural applications include the use of plant protection drones for efficient crop management, enhancing sustainability in farming practices [3][26]. - The tourism sector is witnessing growth in low-altitude experiences, with activities like hot air ballooning and helicopter tours becoming popular, generating significant consumer spending [3][31]. Group 2: Ecosystem and Policy Support - The rapid development of the low-altitude economy is supported by a collaborative ecosystem involving government policies, technological advancements, and corporate initiatives [4][5]. - Central and local governments are prioritizing low-altitude economic development, with initiatives to establish general airports and drone landing sites [4][19]. - The airspace management is being progressively liberalized, with cities like Shenzhen planning to open 75% of the airspace below 120 meters by 2025 [4][19]. Group 3: Technological Innovations and Industry Structure - Technological innovations in materials, core components, and power systems are enhancing the performance of aerial vehicles, driving the growth of the low-altitude economy [5][19]. - The industry has developed a complete supply chain, from raw materials and components to manufacturing and application in various sectors [5][19]. - The market for the low-altitude economy is projected to reach 2 trillion yuan by 2030 and exceed 5.1 trillion yuan by 2035, with the eVTOL market alone expected to reach 570 billion yuan [5][19]. Group 4: Market Opportunities and Future Outlook - The low-altitude economy is transitioning from pilot projects to large-scale development, with drones and aerial vehicles increasingly integrated into daily life [6][19]. - Continuous technological advancements and policy improvements are expected to unlock greater potential in this new economic sector, contributing to high-quality economic growth [6][19].