Core Insights - The low-altitude economy is rapidly developing, with significant policy support and technological breakthroughs, leading to a projected market size of 1.5 trillion yuan by 2025, with nearly 20,000 drone operating companies and annual eVTOL orders exceeding 30 billion yuan [1][10] - The low-altitude manufacturing sector, which constitutes 50%-80% of the total industry output, is expected to transition from "following" to "leading" in key technology areas by 2025, focusing on power systems, avionics, and energy systems [2][4] - The drone sector is experiencing a scale explosion driven by core scene development and technological empowerment, with over 36,000 existing drone-related companies in China [5][9] Policy and Market Dynamics - The low-altitude economy has been included in government work reports for two consecutive years, indicating ongoing policy incentives and a shift from pilot testing to large-scale operations by 2026 [1][10] - The establishment of a comprehensive low-altitude flight infrastructure network, including smart nests and low-altitude communication networks, is crucial for the industry's growth [8] Technological Advancements - Key components such as motors, electronic controls, and communication navigation chips are seeing accelerated domestic replacement, enhancing the competitive barrier in the low-altitude manufacturing sector [4] - Innovations in materials and energy technologies, including solid-state batteries and high-performance composite materials, are critical for addressing the limitations of low-altitude equipment [2] Application Scenarios - Low-altitude logistics, particularly in last-mile delivery, cold chain transport, and intercity routes, is identified as a key growth area, with companies like Meituan and JD.com successfully implementing drone logistics [7] - Agricultural and industrial applications are also expanding, with drones improving efficiency in pest control and inspection tasks [7] Industry Growth and Investment Opportunities - The number of registered low-altitude economy-related companies has surged, with over 100,000 currently active and a 162.36% year-on-year increase in 2025 [9] - Investors can leverage tools to trace capital flows and identify core technology companies within the low-altitude manufacturing sector [4]

Core Insights - The low-altitude economy is rapidly developing, with significant policy support and technological breakthroughs leading to a projected market size of 1.5 trillion yuan by 2025, marking substantial growth from previous years [1] - The low-altitude manufacturing sector is crucial, accounting for 50%-80% of the total industry output value, with advancements in key technologies such as power systems and avionics expected to shift from "following" to "leading" by 2025 [2][4] - The drone sector is experiencing a scale explosion driven by innovative applications and deep technological integration, with over 36,000 drone-related companies currently operating in China [5][7] Policy and Market Trends - The low-altitude economy has been included in government work reports for two consecutive years, indicating ongoing policy support and the transition from pilot programs to regular operations by 2026 [1][11] - The establishment of a comprehensive low-altitude flight infrastructure and the optimization of airspace management policies are essential for the industry's growth, with a focus on creating a "sky network + ground network" support system by 2025 [8][9] Technological Advancements - Key components such as motors, electronic controls, and communication navigation chips are seeing increased domestic production rates, enhancing the competitive landscape of the low-altitude manufacturing industry [4] - Innovations in materials and energy technologies, including solid-state batteries and high-performance composite materials, are critical for addressing the limitations of low-altitude equipment and facilitating commercial viability [2] Application Scenarios - Low-altitude logistics, particularly in last-mile delivery and cold chain transport, is identified as a key growth area, with companies like Meituan and JD.com successfully implementing drone delivery services [7] - The agricultural and industrial inspection sectors are also benefiting from drone technology, improving efficiency and reducing costs in high-risk environments [7] Industry Growth and Safety - The number of registered low-altitude economy-related companies has surged, with over 100,000 currently in operation, reflecting a 162.36% year-on-year increase in 2025 [9][11] - Safety and compliance management are becoming increasingly important for the sustainable development of the low-altitude flight industry, with AI technologies being integrated into safety oversight [9][11]