低空经济系列报告三：低空政策大力支持，关注无人机产业链

Investment Rating - The report indicates a strong investment outlook for the drone industry, highlighting significant growth potential driven by policy support and expanding application areas [1]. Core Insights - The drone industry is categorized into four main configurations: fixed-wing, multi-rotor, helicopter, and hybrid-wing, with hybrid-wing drones leading in adoption [2][3]. - The Chinese drone market is projected to grow rapidly, with an estimated market size of approximately 76.5 billion yuan in 2023, expected to exceed 90 billion yuan in 2024, reflecting a year-on-year growth of 45.18% [3][46]. - The report emphasizes the importance of drone body materials, including carbon fiber composites, aluminum alloys, titanium alloys, and fiberglass composites, which are crucial for performance and durability [26][27][28]. Summary by Sections 1. Drone Configurations - Drones are classified into four types: fixed-wing, multi-rotor, helicopter, and hybrid-wing, each with distinct advantages and applications [2][3]. - Fixed-wing drones are suitable for long-distance missions, while multi-rotor drones excel in maneuverability and ease of use in confined spaces [16][17]. - Hybrid-wing drones combine the benefits of both fixed-wing and multi-rotor designs, offering versatility in various applications [19][20][22]. 2. Industry Chain - The drone body is the core component, housing critical systems such as the power system and flight control system [24][25]. - The power system market is expected to grow steadily, with projections indicating a market size of 6.17 billion USD in 2024, reaching 8.19 billion USD by 2029 [32]. - Flight control systems are essential for drone operation, with the market for military and industrial-grade flight control systems expected to exceed 5 billion yuan by 2030 [38]. 3. Policy Support and Market Growth - Government policies are significantly supporting the drone industry, with initiatives aimed at developing general aviation and low-altitude economies [45]. - The report outlines various application areas for drones, including military reconnaissance, agricultural monitoring, logistics, and urban planning, indicating a broadening scope of use [46]. 4. Company Overview - Key players in the drone industry include Wan Feng Ao Wei, Yi Fei Technology, Zhong Chuang Aviation, and DJI Innovations, among others, each contributing to different segments of the market [4][8].