China’s low-altitude economy seen hitting $140B by 2026
The “low-altitude economy” in China, which involves activities in airspace below 1,000 meters like drone deliveries and flying taxis, is gaining momentum with the support of government policies and private sector innovations. A new partnership between EHang Holdings and Zhejiang Sunriver Culture and Tourism will introduce electric vertical take-off and landing (eVTOL) aircraft to tourist sites, such as the Bailong Elevator and Huanglong Cave, to enhance smart tourism. China’s State Council has been promoting the development of this sector since 2014, with policies aiming to streamline airspace regulations and boost infrastructure. This rapidly growing sector, projected to surpass 1 trillion RMB ($140 billion) by 2026, has already seen significant investments, particularly in drone logistics and short-distance air routes.