Many places are "grabbing" the low-altitude economic blue ocean, the trillion-scale market is to be opened, and the plate continues to strengthen to set off a tide of price limits

China Times

2024-05-18 16:38Published on the official account of Beijing China Times

Drones flutter their wings and fly, record beautiful moments with the hopes of tourists in the scenic spot, and complete plant protection operations with pesticides in the farmland...... The low-altitude economy has realized more new scenarios for life and production.

In fact, since the beginning of this year, the low-altitude economy is growing rapidly at an unprecedented speed, not only by the central government, the top-level design has been continuously improved, and various localities have also introduced supportive policies to seize the new blue ocean of low-altitude economy.

According to the reporter's incomplete statistics, more than 10 provinces and cities, including Beijing, Nanjing, Anhui, Shenzhen, Suzhou, Shenyang, Taicang, Wuhan, Tianjin, Shandong, and Changsha, have successively introduced relevant policies and measures.

"The introduction of low-altitude economic policies in various places shows that the government attaches great importance to this emerging industry, which is not only conducive to clarifying the development direction of the industry and optimizing the allocation of resources, but also stimulates market vitality and guides social capital investment. These policies have laid the foundation for the standardized and large-scale development of the low-altitude economy, promoted the diversification of technological innovation and service models, and accelerated the industrial upgrading and optimization of the economic structure. Hong Yong, an expert at the think tank of the 50-person forum on the integration of China's data and reality, said in an interview with a reporter from the China Times.

Many places are vying to join the "low-altitude race"

Since February 2021, the low-altitude economy has been written into the "National Comprehensive Three-dimensional Transportation Network Planning Outline", and the Central Economic Work Conference held at the end of 2023 has proposed to create a number of strategic emerging industries such as biomanufacturing, commercial aerospace, and low-altitude economy.

Until this year's National People's Congress and the National People's Congress, the "low-altitude economy" was written into the government work report for the first time, requiring "actively building new growth engines such as biomanufacturing, commercial aerospace, and low-altitude economy"

Since then, the Ministry of Industry and Information Technology, the Ministry of Science and Technology, the Ministry of Finance, and the Civil Aviation Administration of China have issued the "Implementation Plan for the Innovative Application of General Aviation Equipment (2024-2030)", which proposes that by 2030, general aviation equipment will be fully integrated into all fields of people's production and life, becoming a powerful driving force for low-altitude economic growth and forming a trillion-yuan market scale.

With the continuous improvement of the top-level design of the low-altitude economy, various localities have responded positively, and relevant local support policies have been intensively released in the near future.

On May 15, the Beijing Municipal Bureau of Economy and Information Technology drafted the "Beijing Action Plan for Promoting the High-quality Development of Low-altitude Economic Industries (2024-2027) (Draft for Comments)" for public consultation, proposing that under the premise of ensuring safety, the number of low-altitude economy-related enterprises will exceed 5,000 in three years, driving the city's economic growth to exceed 100 billion yuan.

On the same day, the Nanjing Low-altitude Economic Development Conference issued the "Implementation Plan for Promoting the High-quality Development of Low-altitude Economy in Nanjing (2024-2026)" and "Several Measures of Nanjing on Supporting the High-quality Development of Low-altitude Economy (Trial)", striving to promote the development of Nanjing's low-altitude economy to rank first in the country.

In addition, relevant detailed support measures have also been introduced one after another. For example, Anhui Province issued the "Several Policies of Anhui Province to Support the Development of General Aviation Industry" to encourage state-owned capital and social capital to invest in the low-altitude economy, and support leading enterprises to take the lead in setting up low-altitude economic guidance funds; Shenzhen has issued the "Several Measures to Support the High-quality Development of Low-altitude Economy in Shenzhen", focusing on enterprise cultivation, technological innovation, industrial application demonstration, infrastructure supply and other aspects of targeted funding.

"The low-altitude economic policies introduced by various places have important significance and role. These policies provide a good policy environment for the development of low-altitude economy, help promote the development of related industries, improve economic efficiency, and also provide new impetus for the development of local economy. Zheng Lei, chief economist of Samoyed Cloud Technology Group, said in an interview with a reporter from the China Times.

Hong Yong pointed out that the low-altitude economy is closely related to the improvement of new quality productivity, which promotes the application of high-tech such as drones and flying cars, promotes the transformation of production methods, and improves operational efficiency and service quality. It will drive the integrated development of aviation manufacturing, intelligent hardware, data services, logistics and distribution, tourism, emergency rescue and other industries, form a new economic growth point, and help build a modern industrial system.

The trillion-scale market is to be opened

It can be said that with the intensive release of a number of favorable policies, the low-altitude economy has entered a period of accelerated development on the mainland.

"From the perspective of the national situation, the current low-altitude economic development trend shows a steady and positive trend. With the guidance and support of national policies and the deepening of society's understanding of the economic value of low altitude, the low-altitude economic industry is developing rapidly, covering many fields such as aviation training, flight tours, emergency rescue, drone logistics, and aviation manufacturing. For the future market size of the low-altitude economy, I predict that it will maintain rapid growth, especially in the fields of drones and aviation training, and the market potential is huge. Hong Shibin, an industrial economic commentator, told the China Times.

According to the "National Three-dimensional Transportation Network Planning Outline", by 2035, the industrial scale of China's low-altitude economy will reach 6 trillion yuan, with a compound annual growth rate of 7.6%. According to data from the Civil Aviation Administration of China, by the end of 2023, there were 1.267 million registered drones in China, a year-on-year increase of 32.2%; There are 19,000 enterprises operating unmanned aerial vehicles, and according to statistics, civilian unmanned aerial vehicles flew 23.11 million hours throughout the year, a year-on-year increase of 11.8%.

Soochow Securities released a research report saying that the low-altitude economy, as a new theme in the capital market, is regarded as a new area with great potential and is expected to become the main line of investment this year. The mainland's low-altitude economy is ushering in a new stage of rapid development. After long-term accumulation, the national demand is clear, the policy and regulatory support is strengthened, the supply chain is perfect, the technical foundation is solid, and the resonance of multiple conditions has created favorable conditions for the take-off of the low-altitude economy. The investment market in new areas usually goes through a general rise in the initial stage, a return to rationality, and then a reassessment and confirmation of the market, and finally a new round of growth.

In fact, with the frequent occurrence of favorable policies, the low-altitude economy has become a popular investment hotspot in the market. On May 17, the concept of low-altitude economy opened high, and more than 10 shares of Zongshen Power, United Strong, Shengxun Shares, Sichuan University Zhisheng, and Traffic Control Technology were limited by more than 10 shares in the intraday.

Editor-in-charge: Xu Yunqian Editor-in-chief: Gong Peijia

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