Core Insights - The low-altitude industry is transitioning from conceptual explosion to large-scale implementation, driven by government policies and technological innovations [1] - Despite some progress, the industry faces challenges such as fragmented airspace management and underdeveloped infrastructure, which hinder the realization of its trillion-yuan market potential [1] Policy and Infrastructure - The establishment of the Low Altitude Economy Department by the National Development and Reform Commission and over 20 provinces issuing special plans indicate strong governmental support [1] - Local governments are directing special bonds towards low-altitude infrastructure, signaling ongoing policy benefits [1] Commercial Viability - Currently, only five scenarios have achieved commercial closure: aerial surveying, agricultural protection, power line inspection, drone performances, and aerial photography [2] - The cost of operating unmanned aerial vehicles (UAVs) is significantly lower than helicopters, with a specific example showing a 10-kilometer transport cost of 7 yuan per kilogram [2] Industry Structure - The industry is characterized by a strong upstream manufacturing capability, but the midstream infrastructure is lagging, which limits scale effects [3] - Key technological breakthroughs are needed, particularly in energy technology and tilt-rotor maturity, to advance commercial viability [3] Safety and Standards - The lack of clear flight interval standards is a major bottleneck for the development of the low-altitude economy [4] - A comprehensive safety level is required, aiming for an accident rate of 10 per million flight hours, necessitating a dynamic identification management system [4] Regulatory Challenges - Fragmented digital platforms create information silos, complicating cross-regional flights and increasing safety risks [6] - The current airspace management system requires multiple applications for a single flight route, highlighting the need for a refined airspace management framework [6] Future Outlook - The period before 2027 is seen as a critical window for airspace reform, with expectations for the establishment of relevant standards and mechanisms by 2030 [8] - The introduction of 5G-A technology is anticipated to enhance low-altitude communication coverage, with telecom operators taking a leading role in building low-altitude intelligent networks [8]