垂直起降-2024年中国低空经济前景研究报告

Investment Rating - The report does not explicitly state an investment rating for the low-altitude economy industry Core Insights - The low-altitude economy is expected to experience significant growth, driven by advancements in drone technology and increasing applications in logistics and transportation [11][51] - The report highlights the importance of infrastructure development and regulatory frameworks to unlock the full potential of the low-altitude economy [70][40] Summary by Sections 1. Macroanalysis - The report discusses the macro development environment for the low-altitude economy, emphasizing the impact of military conflicts, such as the Russia-Ukraine war, on the acceleration of drone technology in civilian applications [6] - It notes that the global drone market reached $31.5 billion in 2023, with a projected annual growth rate of around 10%, potentially exceeding $40 billion by 2026 [11] 2. Industrial Chain - The industrial chain analysis indicates that while drones are a key component, the development of supporting infrastructure, such as air traffic management and takeoff/landing facilities, is crucial for the low-altitude economy [29][40] - The report outlines the various stakeholders in the low-altitude economy, including drone manufacturers, infrastructure developers, and regulatory bodies [30] 3. Technology Application - The current applications of low-altitude technology are primarily in logistics and passenger transport, which are expected to account for 95% of the economic benefits from the low-altitude economy [47] - The report highlights that the majority of drone operations in China are currently focused on surveying and inspection, which are seen as interim applications until broader regulations are established [65] 4. Future Trend Outlook - The report predicts that within five years, infrastructure and management regulations will be fully established, leading to rapid development in the low-altitude economy [70] - It emphasizes the potential for hydrogen-powered aircraft to become a significant part of the low-altitude economy, offering advantages in energy density and operational efficiency [73]