From December 2023, a series of important policies for the low-altitude economy will be released intensively, and the low-altitude economy will usher in a high-speed development opportunity.
The Central Economic Work Conference clarified the development direction of strategic emerging industries, the National Air Traffic Management Commission updated the basic classification of airspace, added non-regulated areas, and local governments such as Shenzhen also issued corresponding support policies. At present, the country has provided solid support for the development of low-altitude economy from top-level design to policy implementation.
"Low altitude" refers to the airspace within 1,000 meters of the vertical height of the ground, and this altitude can even extend to 3,000 meters according to the actual needs and characteristics of different regions.
The low-altitude economy is a variety of economic activities based on this particular airspace, including all kinds of civil flight activities of manned and unmanned aircraft, whether manned, cargo, or other forms of operational flight, and the various fields associated with it.
The low-altitude economy includes many fields such as general aviation, police flight, customs inspection flight and some military flights, among which the general aviation industry occupies an important part of the low-altitude economy.
With the gradual opening of low altitudes, the general aviation market is becoming more and more broad.
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Overview of the general aviation industry
According to the definition of the "Guiding Opinions of the General Office of the State Council on Promoting the Development of the General Aviation Industry", the general aviation industry is a strategic emerging industry of the whole industry chain centered on flight activities and integrating aircraft research and development, manufacturing, market operation, comprehensive logistics support and extended services.
General aviation aircraft mainly serve non-military, non-police, non-customs anti-smuggling and non-public air transport flight activities. Due to the diversity of downstream demand, the product forms of general aviation aircraft are also different.
Generally speaking, general aviation aircraft refers to aircraft that are powered by power, and the common types include fixed-wing aircraft and rotary-wing aircraft.
Low-altitude economy, general aviation and drones:
According to statistics, in the decade from 2013 to 2023, the compound growth rate of the total number of general aviation aircraft reached 8.6%, and the compound growth rate of non-teaching and training aircraft showed a steady growth of 6.2%.
General Aviation Aircraft Classification:
General aviation industry chain combing
The upstream of the general aviation industry includes suppliers of core components and complete aircraft manufacturers; the midstream links focus on the operation of general aviation, including the construction of general airports, aircraft maintenance, etc.; and the downstream links are the specific applications of general aviation, such as business charter flights, short-haul flights and other diversified fields.
With the acceleration of the opening up of the low-altitude field, the private demand of the domestic general aviation market is expected to show a clear growth trend in the medium and long term, and in the short term, the primary training aircraft will contribute a large increment to the market.
General aviation market pattern and leading combing
The entry threshold in the field of general aviation is relatively high, which is mainly reflected in four aspects: capital, qualification, technology and brand.
The aviation industry has very high requirements for the financial strength of enterprises, and the aircraft needs to go through a long cycle from project approval to final finalization, during which it needs to go through many and repeated designs, simulations, trial production and tests.
The concentration of the general aviation industry is relatively high, and the three leading enterprises occupy a large share of the market.
In the field of piston fixed-wing general aviation aircraft, there are three major leading companies in the world, namely Diamond Aircraft, Cessna Aircraft and AVIC Cirrus Aircraft (formerly Cirrus Aircraft, renamed after being acquired by AVIC).
The Diamond aircraft ranks first in the world's multi-engine market, and ranks second in the world in terms of trainer aircraft ownership.
In 2017, Wanfeng Aowei wholly acquired Diamond Aircraft Group. Wanfeng Diamond Aircraft has accumulated a large number of R&D and design technologies related to aero engines, composite materials and general aviation, and has achieved a leading position.
In addition, domestic related companies related to aircraft manufacturing also include Zhongzhi Co., Ltd., Deao General Aviation, Sunward Intelligence, etc. AVIC's subordinate AVIC Electronics, AVIC Optoelectronics, AVIC Electromechanical and other companies focus on the field of aircraft parts. Companies engaged in aircraft maintenance business such as Haite High-tech, as well as companies providing general aviation services such as CITIC Haizhi. #低空经济##航空##通用航空##飞机##无人机##飞行汽车##财经##科技##新质生产力#
General aviation part of the layout of manufacturers combing:
Source: Public collation
epilogue
The development of general aviation provides a huge space for development in various places. At present, many local governments are actively carrying out industrial planning and layout, and investing capital and land resources to promote the development of the general aviation industry. With the acceleration of infrastructure construction and the optimization of policies, the domestic general aviation industry is moving forward steadily. In the context of the accelerated outbreak of low-altitude economy, general aviation is expected to usher in a new round of broad market opportunities.
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