The rise of the low-altitude economy is ushering in a new era of opportunity and innovation in China. According to a recent report by CCID Consulting, the low-altitude economy reached a scale of 505.95 billion yuan last year, with a growth rate of 33.8%. This booming industry is expected to reach 2 trillion yuan by 2030, with a comprehensive contribution value of up to 5 trillion yuan to China’s national economy by 2025.
The low-altitude economy, dominated by aircraft and various low-altitude flight activities, is driving the integrated development of related fields and has the potential to become a trillion-yuan pillar industry. Projects like the “Xiangyun” AS700 civil manned airship and the development of fixed-wing aircraft in Chongqing are driving innovation and creating new channels for economic growth.
Chongqing, as a national industrial center, is at the forefront of the low-altitude economy with a thriving general aviation industry. Companies like Aode Aviation and Tuohang Technology are leading the way in developing new aircraft and technology to meet the growing demand for low-altitude flight services.
However, while the low-altitude economy offers immense potential, it also faces challenges that need to be addressed. The industry is still in its early stages, and there is a need for stronger policy support and the development of more application scenarios to fully tap into the market potential.
Despite these challenges, the low-altitude economy is paving the way for a new way of life for ordinary people and driving the industry towards a new round of industrial upgrading. With continued innovation and investment, the low-altitude economy has the potential to become a vital engine of sustainable economic growth in China.