As technology continues to advance and policies gradually open up, China's low-altitude economy industry has ushered in a new stage of rapid development in 2024. The low-altitude economy, as a new economic form, relies on low-altitude airspace and takes various manned and unmanned aerial vehicles' flight activities as its core, covering multiple fields such as rural areas, cities, and industrial integration.
In terms of industry development status, the market size of China's low-altitude economy was about 25 trillion yuan in 2022, and it is expected to reach 503.5 billion yuan by 2024, showing a steady growth trend. In terms of technological development, the technological system of China's low-altitude economy can be divided into four main parts: physical facilities layer, infrastructure layer, digital space layer, and low-altitude application layer, each with its key technologies, together forming the technological structure of the low-altitude economy.
In terms of the performance analysis of listed companies, there are already 126 listed companies related to the low-altitude economy in the A-share market, with a total operating income of 665.02 billion yuan and a total net profit attributable to the mother company of 29.489 billion yuan in the first three quarters of 2023. The development status of these listed companies, such as CITIC Offshore Helicopter Co., Ltd. and Wanfeng Auto Holdings Group Co., Ltd., has made significant progress in their respective sub-fields, providing strong support for the overall development of the industry.
In terms of national policies and development trends, the Chinese government attaches great importance to the development of the low-altitude economy and has introduced a series of supportive policies, including financial subsidies and tax incentives. The "14th Five-Year Plan and Long-Range Objectives Through the Year 2035" outline the scientific and technological tasks in the field of quantum information, including the development of quantum communication technology, breakthroughs in quantum measurement technology, and the production of quantum computing products.
Market behavior analysis shows that the stock prices of leading listed companies in the industry have been stable recently, with active new project investments. Market consumption data show a good product market supply and demand relationship and stable prices, indicating an optimistic outlook for the industry. In particular, drone logistics have been scaled up, and drones have been applied on the basis of personal consumption, geographic mapping, and film and television aerial photography, and application scenarios such as emergency rescue, communication relay, and meteorological detection are being continuously developed.
A.Top's industry investment view believes that, combined with the current state of the industry, the future development prospects of China's low-altitude economy industry are very broad. With the continuous maturation of technology and the continuous expansion of application fields, the industry is expected to maintain rapid growth. Especially in the fields of drones and eVTOL, leading listed companies in the industry such as CITIC Offshore Helicopter Co., Ltd. and Wanfeng Auto Holdings Group Co., Ltd. have high growth potential and are worth investors' attention.