电力设备行业专题报告：政策产业同频共振，低空经济扶摇直上

Investment Rating - The report maintains a "Positive" investment rating for the industry [1]. Core Viewpoints - The low-altitude economy is expected to grow significantly, with the eVTOL market projected to reach 142.7 billion yuan by 2030, driven by government policies and industry advancements [2][36]. - The dual drivers of policy and industry are anticipated to enhance the market scale of the low-altitude economy, with a potential total market size of 2 trillion yuan [2]. - The report highlights the high technical barriers in the eVTOL sector, indicating that various segments still have significant growth potential [2]. Summary by Sections 1. Definition and Composition of Low-Altitude Economy - The low-altitude economy relies on low-altitude airspace and encompasses various commercial scenarios, including general aviation, aerial tourism, and logistics [10][12]. - It consists of four main components: low-altitude infrastructure, low-altitude aircraft manufacturing, low-altitude operation services, and low-altitude flight assurance [17][25]. 2. Policy and Industry Resonance - Recent top-level policies have been introduced to support the low-altitude economy, with an expansion of subsidy ranges expected [34][39]. - The government has set clear goals for the development of the low-altitude economy, with significant policy backing from both national and local levels [36][37]. 3. Market Space and Growth Potential - The eVTOL market is projected to reach 142.7 billion yuan by 2030, driven by factors such as cost efficiency and the maturity of autonomous driving technology [2][19]. - The report emphasizes the need for improved low-altitude infrastructure to support the anticipated growth in eVTOL and other low-altitude operations [19][23]. 4. Investment Opportunities - The report suggests focusing on eVTOL manufacturers like EHang and XPeng, as well as battery manufacturers such as CATL and Guoxuan High-Tech, which are expected to benefit from technological advancements [2][3]. - It identifies key players in various segments, including operation service providers and communication navigation firms, as potential investment opportunities [2][3].