Sou Hu Cai Jing·2025-12-05 01:09Group 1 - The core viewpoint of the report is that the low-altitude economy is expected to continue its growth trajectory, potentially forming a trillion-yuan market, marking a new investment direction for investors [1] - The year 2024 is identified as the inaugural year for the development of the low-altitude economy, indicating the industry's entry into a phase of rapid growth [1] - In 2023, the market size of China's low-altitude economy has already exceeded 500 billion yuan, demonstrating strong development momentum [1] Group 2 - The report highlights the continuous expansion of downstream application areas such as logistics, tourism, and emergency rescue, which will contribute to the sustained growth of the low-altitude economy [1] - The cost structure analysis indicates that equipment value accounts for 5-15% of operational revenue, while infrastructure accounts for 20%, reflecting significant commercial value across the industry chain [1] - Policy support is emphasized as a driving force for the development of the low-altitude economy, with the "General Aviation Equipment Innovation Application Implementation Plan (2024-2030)" aiming to establish a trillion-yuan market by 2030 [1] Group 3 - The market dynamics indicate that multiple eVTOL companies are receiving domestic and international intent orders by 2025, showcasing the vast market space and strong demand for the low-altitude economy [2] - eVTOL is recognized as a key carrier of the low-altitude economy, offering advantages such as environmental friendliness and flexibility, with potential applications in urban air transportation and short-distance logistics [2] - Notable companies in the related concept stocks include Wan Feng Ao Wei, which has established a strong presence in the general aviation sector, and Wo Long Electric Drive, which provides critical power support for eVTOLs, both expected to benefit from the low-altitude economy's growth [2]