低空经济及eVTOL专题报告：未来已来

Investment Rating - The report indicates a positive outlook for the eVTOL industry, highlighting its potential as a core carrier for the low-altitude economy [2][3]. Core Insights - eVTOL aircraft are positioned as the key vehicle for the development of the low-altitude economy, with increasing demand for urban air mobility and advancements in eVTOL technology [2][3]. - The low-altitude economy in China is projected to exceed 5 trillion yuan in 2023 and is expected to surpass 20 trillion yuan by 2030, indicating significant growth potential [3]. - The report identifies key beneficiaries in the eVTOL sector, including companies specializing in lightweight materials, electronic components, motor and drive solutions, command information systems, and power distribution systems [3]. Summary by Sections 1. eVTOL Industry Introduction - eVTOL aircraft utilize electric power for vertical takeoff and landing, addressing urban transportation needs and emergency response scenarios [6][7]. - The technology is characterized by low carbon emissions, low noise, high automation, low operational costs, and high safety [7]. 2. Market Landscape - The eVTOL industry is currently transitioning from research and development to application, with significant commercial potential and rapid progress in orders and policy support [3][19]. - The report outlines three main eVTOL technology routes: multi-rotor, lift + cruise, and vectored thrust, each with distinct advantages and applications [19][23][26]. 3. Future Trends - Approximately 25% of eVTOL projects are in flight testing, while around 50% are in conceptual design, indicating a diverse stage of development across the industry [32][33]. - The report emphasizes the importance of regulatory certifications for eVTOL manufacturers, including type certification, production licenses, and airworthiness certificates [33][34]. 4. Key Companies to Watch - The report highlights several companies as key players in the eVTOL market, including Joby Aviation, Volocopter, and Ehang, each at different stages of development and certification [21][34].