2023 China's low-altitude economy valued at $69.9B forecasts $1T growth by 2026, driven by infrastructure and commercial applications like eVTOL and civilian drones.
China's low-altitude economy, valued at $69.9 billion in 2023, is expected to grow rapidly, driven by investments in infrastructure and commercial applications such as electric vertical takeoff and landing (eVTOL) aircraft and civilian drones. The market is predicted to surpass $1 trillion by 2026, with eVTOL revenue rising 77.3% year-on-year to $1.3 billion in 2022. This growth is supported by the low-altitude economy's incorporation into the Government Work Report and various provincial development plans.
April 09, 2024
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