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Smart mobility

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All clear for takeoff: China’s mid-low altitude economy is booming.

There's no doubt that China's mid-low altitude economy, which encompasses a wide range of commercial activities carried out within the airspace below 1,000 metres, is booming. With regulators and government policy backing in place, the sector is expected to value more than $140 million by 2026, according to a report by the Ministry of Industry and Information Technology (MIIT) affiliated research institute. In Asia, Japan has committed to launching eVtol commercial flights for the 2025 World Expo in Osaka. South Korea also plans to introduce commercial air taxi services in 2025. Companies throughout the world are optimistic about this thriving market potential.

Drone delivery of parcels and flying taxis for everyday commutes are just a few examples of the many possibilities expected to benefit from this strong demand.  Many believe the mid-low altitude economy will transform transportation, logistics, manufacturing, and aviation operations. 

The continuous improvement of support services for mid-low altitude flights, such as more automated permission processes and air traffic management, as well as initiatives to improve the uncrewed aircraft certification system, are key drivers of the growth.

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Smart mobility in numbers

  • $37.89bn

    The APAC Electric Vehicle Charging Station Market is predicted to grow from $11.41 billion in 2024 to $37.89 billion by 2029*.

  • 37%

    In China, electric vehicles (EVs) accounted for 37% of the new car market in 2023**

  • $140m

    With regulators and government policy backing in place, the sector is expected to expand to more than $140 million by 2026***

From fantasy to reality: The future of electrification and self-driving vehicles

For years, automakers around the world have promised an electrified and self-driving future, which is now becoming a reality. The APAC Electric Vehicle Charging Station Market is predicted to grow from $11.41 billion in 2024 to $37.89 billion by 2029*. In China, electric vehicles (EVs) accounted for 37% of the new car market in 2023**. The country is expanding its automobile sector's horizons by viewing it as more than simply transportation, leveraging artificial intelligence and data to propel the industry into a new era. 

As autonomy, connectivity, electrification, and sustainability become the industry's primary focus, the concept of a "smart vehicle" goes beyond the car itself to encompass smart production, smart infrastructure, and smart networking behind the scenes. Regulation, technology, and commercial developments are accelerating the development of electrification and self-driving cars, to transform them into fully intelligent and connected vehicles. 

*Source: https://www.mordorintelligence.com/industry-reports/asia-pacific-electric-vehicle-charging-station-market 

**Source : https://autovista24.autovistagroup.com/news/byd-took-control-of-the-2023-chinese-ev-market/#:~:text=Electric%20vehicles%20(EVs)%20made%20up,picked%20up%20in%20recent%20years

***According to a report by the Ministry of Industry and Information Technology (MIIT) affiliated research institute. 

*Smart Mobility Summit*

Smart Mobility Summit

It is time for mobility companies and suppliers to review their strategies and get ahead of the rapidly changing environment. Join us in this session to learn about the new age of autonomous driving and electric vehicle development. Industry experts will give unique insights into innovative connectivity solutions, commercial opportunities, and standardization that have led to significant industry development.

In this session, we will explore the mid-low attitude economy's potential and how mobile operators may help boost this growing business. Experts in the area will lead lively conversations, discussing practical case studies, potential business models and sharing firsthand expertise with the audience.

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