Core Insights - The low-altitude economy in Jiangsu is rapidly evolving, with a current industry scale of nearly 30 billion yuan and around 1,300 companies involved, positioning it as a national leader in various aspects such as innovation and financing [1][5] - The application of low-altitude technology is expanding, exemplified by the integration of smart logistics systems that utilize drones for efficient delivery, showcasing the province's technological advancements [2][3] - Jiangsu has established a dual-driven model of manufacturing and services in the low-altitude sector, with nearly 800 upstream and downstream enterprises and a core industry scale exceeding 20 billion yuan [3][4] Industry Development - Jiangsu's low-altitude manufacturing sector is projected to encompass nearly 800 companies by 2024, covering the entire value chain from aircraft manufacturing to infrastructure [3] - The service sector is also growing, with around 400 companies generating nearly 10 billion yuan in revenue, enhancing the industry's support capabilities [3] - The province's innovation capabilities are highlighted by its ranking third nationally in patent applications and grants in the low-altitude economy, with significant technological advancements in products like the FP-98 cargo drone [3][4] Policy and Financial Support - Jiangsu has implemented policies to accelerate the high-quality development of the low-altitude economy, with local governments creating specific action plans to translate these policies into actionable strategies [4][5] - Financial backing is robust, with over 2.65 billion yuan raised in seed and Series A funding, and more than 1 billion yuan allocated for airport construction and technology research [4][5] Challenges and Opportunities - Despite the positive momentum, the low-altitude economy is still in its infancy, facing challenges such as a lack of leading enterprises and insufficient market scale to foster a complete industrial cluster [6][7] - The industry is hindered by regulatory complexities and a lack of sustainable business models, with many applications still reliant on government subsidies [7][8] - The potential for growth is significant, with predictions indicating that China's low-altitude economy market could reach 1.5 trillion yuan by 2025 and exceed 3.5 trillion yuan by 2035 [8] Future Directions - To maintain its leading position, Jiangsu should focus on enhancing its manufacturing capabilities and nurturing specialized enterprises within the low-altitude sector [9][10] - Expanding application scenarios is crucial, with opportunities in urban management, public services, and emergency response identified as key areas for development [9][10] - Establishing a supportive regulatory framework and improving low-altitude infrastructure are essential for fostering a conducive environment for industry growth [10]