低空经济的2025：商业化进程提速阔步迈向万亿新蓝海

Core Insights - The low-altitude economy is recognized as a new engine for economic growth, with significant potential for creating a large blue ocean market [1][9] - The low-altitude economy has been included in government work reports for 2024 and 2025, and is highlighted in the "14th Five-Year Plan" as a promising industry [1] - The industry is experiencing rapid development, with increasing applications and commercial exploration, particularly in eVTOL (electric Vertical Take-Off and Landing) technology [2][3] Industry Development - By 2025, the low-altitude economy is expected to see diverse applications across various sectors, including logistics, medical services, and tourism [2] - Companies like Fengfei Aviation Technology have secured significant orders, such as 50 eVTOL units from UAE's Falcon Aviation, indicating strong market demand [2] - The industry is transitioning from policy-driven to operation-driven, with 15 companies nearing commercialization [4] Financing Trends - The eVTOL sector is attracting substantial investment, with manufacturers frequently announcing large orders and financing rounds [3][5] - Companies in the upstream supply chain, such as flight control systems and precision components, are also receiving increased attention from investors [5][6] - State-owned funds are becoming a significant source of capital for the low-altitude economy, with several regional funds established to support industry growth [7] Ecosystem Collaboration - 2025 is seen as a pivotal year for the low-altitude economy, moving from conceptual frameworks to systematic implementation and large-scale commercialization [8] - The industry is entering a phase of collaborative exploration, focusing on practical applications and scenario validation [8] - Despite the progress, challenges remain in infrastructure, airspace management, and public acceptance [8][9] Future Outlook - The market for China's low-altitude economy is projected to reach 1.5 trillion yuan by 2025 and potentially exceed 3.5 trillion yuan by 2035 [8] - The industry is expected to see a concentration of eVTOL companies receiving airworthiness certificates between 2026 and 2027, laying the groundwork for trial operations [9] - Companies are focusing on expanding their operational capabilities and exploring standardized solutions for the industry [9]