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]

融资：全链条迎活水 在"低空经济元年"的2024年，eVTOL这一低空经济的核心载体受到资本市场密切关注，eVTOL整机厂 商频频传出融资捷报。2025年以来，资本逐渐将更多目光投向上游的飞行控制系统、电池管理系统、精 密零部件等细分环节。 低空经济在2024年、2025年均被写入政府工作报告，并亮相"十五五"规划建议，成为公认最具潜力的未 来产业赛道之一。纵观2025年，低空经济在多元化的场景中百花齐放，并作为新质生产力的代表之一深 入海外市场。资本市场上，投资机构持续助推头部整机企业商业化，并加码布局飞控系统等产业链上游 的核心技术环节，产业基础正不断夯实。 在低空经济快速发展的另一面，商业模式、基础设施、标准细则等产业瓶颈也逐步浮现。业内普遍认 为，未来中国低空经济需在技术创新、基础设施完善、安全监管强化、商业模式探索等方面协同发力。 只有坚持技术攻关与安全保障并重，积极培育可持续的应用场景，才能推动这片万亿级蓝海行稳致远。 应用：海内外遍地开花 从海鲜"打飞的"送到餐桌、海洋牧场上空精准投饵作业，到"低空+医疗"打通生命通道、低空观光航线 领略壮美山河，2025年，低空经济应用不断赋能千行百业，并逐渐 ...