兴证军工观察：产业政策推动低空经济启航，四部门印发《通用航空装备创新应用实施方案》

Investment Rating - The report maintains the investment suggestion for the defense and aerospace industry [1] Core Viewpoints - The issuance of the "General Aviation Equipment Innovation Application Implementation Plan (2024-2030)" by four departments is expected to significantly accelerate the development of the low-altitude economy in China [4][5] - By 2027, China's general aviation equipment supply capacity and innovation capability are projected to improve significantly, establishing a modernized support system and a preliminary integrated industrial ecosystem [4][5] - By 2030, a new model for the development of the general aviation industry characterized by high-end, intelligent, and green features is expected to be established, supporting a trillion-level market scale [4][5] Summary by Sections Major Goals - The plan aims to enhance innovation capabilities, establish a complete general aviation public service equipment system, and achieve significant advancements in the modernization of the industrial chain [5] - The establishment of over 20 replicable application demonstration bases and a batch of brand products is targeted [5] Key Tasks - The report outlines five key tasks: enhancing technological innovation capabilities, improving supply chain competitiveness, deepening demonstration applications, promoting foundational support system construction, and building an efficient integrated industrial ecosystem [6] - Specific requirements include breakthroughs in core technologies, improving the reliability and economic efficiency of general aviation equipment, and fostering a diverse range of enterprise entities [6][7] Policy Context - The low-altitude economy has been recognized as a strategic emerging industry in national planning, with significant emphasis placed on its development in recent government reports [9][10] - Various local governments, such as Shenzhen, are actively implementing policies to support the growth of the low-altitude economy, including the establishment of new drone routes and infrastructure [12]