Core Insights - The low-altitude economy has been officially recognized in the government work report, marking a transition from pilot exploration to a policy-driven, large-scale development phase [1] - Drone cluster performances, characterized by their "technology + art + culture" attributes, represent one of the clearest profit models in the low-altitude economy [1] - As competition intensifies with more entrants in the market, the focus is shifting from quantity to technological innovation, flight efficiency, content creativity, and artistic expression [1][6] Industry Development - The low-altitude economy is now seen as a new strategic industry, with significant government support and a shift in local policies to facilitate its growth [5] - The initial challenges included navigating complex regulatory approvals, which have improved significantly as the government has begun to actively support the industry [5] - The average cost for a domestic drone show is approximately 300,000 yuan, while international performances can reach up to 1 million yuan, indicating a lucrative overseas market [7][8] Competitive Landscape - The competition among domestic companies is primarily focused on creativity, hardware, and application scenarios, which is viewed as a positive development [4] - The industry is expected to see a shift from service-based models to "hardware sales + services" as demand increases [7] - Companies are encouraged to expand globally, as overseas markets offer greater potential and are less price-sensitive compared to domestic markets [8] Conceptual Framework - The concept of "low-altitude new infrastructure" has emerged, positioning drone performances as essential urban infrastructure rather than just artistic events [9] - The evolution from "airspace landscaping" to "low-altitude new infrastructure" reflects the growing recognition of drone performances as a necessity for urban development and cultural promotion [9]