云衢启章，鹏翼展卷

Core Insights - The low-altitude economy in China is projected to reach a market size of 1.5 trillion yuan by 2025 and is expected to exceed 2 trillion yuan by 2030, indicating strong growth trends in the industry [1][7] - The development of low-altitude applications is rapidly expanding, with increasing orders, active financing, and technological advancements contributing to a vibrant market landscape [1][2] Market Demand and Orders - As of September 2025, Meituan's drone delivery service has completed over 670,000 commercial orders, with 150,000 orders in the first half of 2025 alone, highlighting the growing demand for drone logistics [1] - The industry anticipates over 140 new low-altitude logistics routes to be opened in 2024, with drone logistics revenue expected to surpass 1 trillion yuan by 2035, maintaining an annual growth rate of around 20% [1][2] Application Scenarios - Low-altitude economic applications are categorized into four main areas: production operations, transportation, cultural tourism experiences, and security [2] - The demand for low-altitude flying vehicles is increasing, with companies like Zero Gravity Aircraft and Yufeng Future securing significant orders for various aircraft models, indicating a robust market response [2][3] Safety and Infrastructure - Safety is emphasized as a critical priority for the healthy development of the low-altitude economy, with calls for comprehensive monitoring and regulatory systems to ensure safe operations [5][6] - The establishment of a new infrastructure and flight control system is necessary to support the smooth operation of low-altitude activities, with ongoing efforts to develop integrated solutions for urban air mobility [4][6] Policy Support - The Chinese government is actively promoting the low-altitude economy through strategic planning and policy initiatives, including the establishment of a dedicated department for low-altitude economic development [7][8] - Recent government measures encourage private investment in low-altitude infrastructure, aiming to foster a collaborative environment for industry growth [7][8]