What is low altitude economy?

2024 is regarded as the "first year" of the low altitude economy, and the rapid development of this field will inject new vitality into the global economy. As an important component of the new driving force of the global economy, the low altitude economy has broad prospects. The low altitude economy will inject new vitality into high-quality development and become a key force driving economic growth.

Low altitude "refers to the airspace within a vertical distance of 1000 meters from the ground, and in some areas, this range can be extended to 4000 meters according to actual needs. The core of low altitude economy lies in utilizing this airspace to carry out diversified activities through various aircraft (such as drones), thereby promoting the development of related industries. The low altitude economy not only inherits the characteristics of traditional general aviation, but also combines a new low altitude production and service model supported by drones, forming an important component of new quality productivity.

The development of low altitude economy relies on the empowerment of information technology and digital management technology, mainly relying on manned and unmanned aerial vehicles for civilian use, with multi scenario low altitude flight activities (such as manned, cargo and other operations) as the driving force, forming diversified new economic formats.

The composition of the low altitude economy industry chain

The low altitude economy industry chain can be divided into three main parts:

Upstream industry: This link mainly involves the research and development, manufacturing, and supply of raw materials and components, including innovation and production of key technologies such as chips and batteries.

Midstream industry: covering the design and manufacturing of aircraft such as drones, helicopters, electric vertical takeoff and landing vehicles (eVTOLs), flying cars, as well as related supporting products, infrastructure, and support services.

Downstream industries: mainly focusing on specific application scenarios of low altitude economy, including consumer, public sector, transportation and logistics, and long-distance applications.

Application scenarios of low altitude economy

The application of low altitude economy can be divided into four categories:

Consumer applications: This field includes traditional aviation sports, low altitude sightseeing, and private flights. With the development of drone technology, the scope of consumer applications has further expanded to emerging forms such as aerial photography and drone performances.

Public domain applications: The application of low altitude economy in the public domain is becoming increasingly widespread, mainly including important functions such as emergency search and rescue, remote sensing mapping, and firefighting.

Transportation and logistics applications: This section covers the application of small and medium-sized drones in last mile delivery, as well as the potential of electric vertical takeoff and landing vehicles (eVTOLs) in manned and cargo services.

Long range applications: This field mainly relies on traditional general aviation and remotely piloted aircraft for long-distance transportation, meeting more complex logistics needs.

Future prospects of low altitude economy

With the support of policies and the advancement of technology, the low altitude economy is showing a vigorous development trend. In the future, the low altitude economy will not only promote the rise of emerging industries, but also drive the transformation and upgrading of traditional industries. Especially in the fields of logistics, agriculture, healthcare, etc., the low altitude economy will play an important role.

However, the development of low altitude economy faces a series of challenges, including airspace management, flight safety, technical standards, and industry norms. In order to achieve sustainable development of low altitude economy, governments, enterprises, and research institutions need to strengthen cooperation, establish and improve relevant laws, regulations, and standards, and ensure the safety and efficiency of low altitude flight activities.

eVTOL.HK

EVTOL.HK is an enterprise dedicated to the development of low altitude economy, focusing on projects related to low altitude intelligent inspection technology products. We are committed to achieving efficient and safe projects through the application of low altitude economy products and technologies, promoting the sustainable development of low altitude economy. The company has a low altitude economy technology team to support us, as well as multiple logistics companies