EHang(US:EH) 3 6 Ke·2025-10-31 02:43Core Viewpoint - The low-altitude economy is transitioning from an emerging industry to a national strategic focus, with significant government support and policy initiatives driving its development [1][3][4]. Policy Support and Market Dynamics - Numerous provinces in China are actively promoting the low-altitude economy through government reports and specialized policy documents, indicating a strong commitment to this sector [1][6]. - The industry is still in its early stages, requiring the identification of real demand scenarios to facilitate practical applications and value verification [2][4]. - The low-altitude economy is following a path similar to that of the new energy sector, with government policies acting as the primary driving force for infrastructure development and market growth [3][4]. Industry Standards and Regulations - Recent regulations, such as the Civil Aviation Administration's guidelines for urban logistics drones and the Ministry of Industry and Information Technology's safety requirements, have established essential industry standards [4][6]. - The introduction of the "Interim Regulations on the Management of Unmanned Aerial Vehicles" and the "Green Aviation Manufacturing Development Outline (2023-2035)" further clarifies the commercial development path for eVTOLs [4][6]. Regional Development and Challenges - Different regions are cultivating the low-altitude economy based on their unique resources and geographical characteristics, leading to varied development paths [6]. - Challenges remain in the management of low-altitude airspace, including the need for improved monitoring systems and regulatory frameworks [6][7]. eVTOL Market Insights - The eVTOL sector is gaining traction, with significant investments and a projected market growth from 9.8 billion yuan in 2023 to 57.5 billion yuan by 2025, reflecting a 77.3% year-on-year increase [10][12]. - However, the path to commercial viability for eVTOLs is complex, requiring multiple certifications and regulatory approvals before they can operate commercially [12][13]. Logistics as a Key Application - Logistics and delivery services are emerging as primary applications for the low-altitude economy, with companies exploring various scenarios, including medical deliveries and urban logistics [9][18]. - The rapid delivery capabilities of drones are expected to significantly enhance the logistics industry, addressing urgent and complex delivery needs [18][19].