Capturing 30%of the national market: Guangdong Takes to the Skies

Can you imagine?Cars incorporating aircraft technology,Taxi rides becoming aerial journeys,Business trips from Zhuhai and Shenzhen taking just 20 minutes.And delivery riders becoming delivery "fliers."These cyberpunk scenes, once confined to sci-fi movies,Arebecoming a reality in South China.

The low-altitude economy, an emerging economic sector, is drawing significant attention,As 2024 being dubbed the inaugural year of the low-altitude economy.From national strategic planning to regional initiatives in building "low-altitude cities,"Enthusiasm is soaring,With expanding applications and market potential.According to the CAAC (Civil Aviation Administration of China),China's low-altitude economy market is projected to reach 1.5 trillion yuanby 2025.

This trillion-level industry is creating waves,And reshaping the entire industrial landscape.As China's “innovation highland,”Guangdong is more of a pioneer than a participant in the low-altitude sector.Currently, it hosts over 15,000 low-altitude economy enterprises,With an economic scale of over 100 billion yuan, ranking at the forefront nationwide,And earning its title as the "first province of the low-altitude economy."

In the fiercely competitive trillion-level market,What propels Guangdong's meteoric rise?Leveraging its position as China's leading province in both manufacturing and automotive industries,Guangdong's low-altitude economy maintains powerful momentum,Ensuring a smooth integration from R&D and manufacturing to operation and industry applications.

Furthermore, the strategic division of industries among neighboring cities,Strengthens Guangdong's foundation in the low-altitude economy.The province is gradually forming a development pattern of "three-core interaction, multi-point support, and comprehensive development."With these advantages in hand,Thelow-altitude economy has found its "sweet spot" in Guangdong.

When identifying the leading companies in the low-altitude economy,Guangdong is the natural starting point.Statisticsly,Shenzhen and Guangzhou rank first and second nationwidein the low-altitude economy.

Moreover, Guangdong has cultivated many industry leaders,Including DJI, which commands over 70% of the consumer drone market worldwide,EHang, the world's first listed urban air mobility (UAM) company,XPENG AEROHT, the world's first company to adopt modern assembly lines in the mass production of flying cars,And newcomers like GAC Group, bringing expertise in new energy and automotive technologies.

In the low-altitude economy,Securing"first place" seems like child's play for Guangdong.

As China's economic powerhouse,Guangdong is also poised to lead the low-altitude economy as well.In May 2024,Guangdong released its Guangdong Action Plan for Promoting the High-Quality Development of the Low-Altitude Economy (2024-2026),Targeting a market scale exceeding 300 billion yuan by 2026,With general aviation aircraft flight hours reaching 150,000 across the province.These figures indicate thatBy 2026,Guangdong's low-altitude economy will account for nearly 30% of the national market,Providingthe golden turning point for the province's economic development.

Apart from the low-altitude economy,Guangdong has endeavored to nurture its emerging industries.While others still question the sustainability of Guangdong's traditional industrial development,The province is meeting challenges head-on and accelerating the development of new growth drivers.

With a solid industrial foundation and vibrant market vitality,Coupled with the rising tide of emerging industries like the low-altitude economy,Guangdong is positioned to reach new heights,Soaring between boundless skies and vast horizons.