金属与材料行业研究周报：低空经济崛起，哪些材料受益？

Investment Rating - The industry rating is maintained at "Outperform the Market" [1] Core Viewpoints - The low-altitude economy is poised for rapid growth, with the market size expected to reach 2 trillion yuan by 2030, driven by policy support and technological advancements [1][5] - The low-altitude economy encompasses various manned and unmanned aerial activities, creating a comprehensive economic model that integrates multiple sectors [3] - The upstream materials related to the low-altitude economy, such as aluminum alloys, titanium alloys, carbon fiber, and amorphous alloys, are expected to benefit significantly from this growth [11] Summary by Relevant Sections Low-Altitude Economy Overview - The low-altitude economy is defined as activities involving manned and unmanned aerial vehicles operating below 1,000 meters, with a focus on logistics, training, medical services, and tourism [3] - The market size of the low-altitude economy in China surpassed 500 billion yuan in 2023, with a projected compound annual growth rate (CAGR) of 22% over the next seven years [5] Beneficial Materials - Aluminum Alloys: Expected to continue leveraging their lightweight advantages, widely used in aerospace applications [12] - Titanium Alloys: Known for their lightweight, high strength, and corrosion resistance, with significant potential in the low-altitude sector [13] - Carbon Fiber: Offers high performance and strength, matching the requirements for low-altitude economic components [14] - Amorphous Alloys: Used in high-efficiency electric motors, crucial for enhancing the range of flying cars, with significant demand expected [17] Recommended Companies - Aluminum Alloys: Nanshan Aluminum [11] - Titanium Alloys: BaoTi Co., West Superconducting Technologies, West Materials [11] - Carbon Fiber: Guangwei Composites, Zhongfu Shenying, Antai Technology [11] - Amorphous Alloys: Yunlu Co., Antai Technology [11]