China’s low-altitude economy is expected to reach one trillion yuan ($138.3 billion) by 2026, according to a report by CCID Consulting Co. This estimate is a major increase from 506 billion yuan ($70 billion) in 2023. ✈️ China defines the low-altitude economy as anything involving aerial vehicles operating below 1,000 meters (3,281 feet). It includes electric vertical takeoff and landing (eVTOL) aircraft and drones. ✈️ The low-altitude economy is driven by aerospace companies investing in drones and advanced air mobility (AAM). Major players in this space include AutoFlight, XPENG AEROHT, and EHang (NASDAQ: EH). ✈️ China’s eVTOL industry recorded 980 million yuan ($135 million) in revenue in 2023, a 77.3% increase from 2022. The sector is expected to reach 9.5 billion yuan ($1.3 billion) in 2026 as more products are certified by CAAC - Civil Aviation Administration of China. ✈️ China’s civilian drone sector saw 117.4 billion yuan ($16.2 billion) in revenue in 2023, a 32% increase from 2022. Drones are becoming more common in various sectors, including agriculture and emergency services. ✈️ Several cities, including Shenzhen and Guangzhou, have introduced incentives to develop their low-altitude economies. On the national level, China plans to integrate general aviation into its citizen’s daily lives by 2030. #china #lowaltitudeeconomy #drones #evtol #advancedairmobility #economics #chinaeconomy
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