Investment Rating - The report recommends investment in the industrial-grade unmanned helicopter sector, highlighting its growth potential driven by technological advancements and market demand [2]. Core Insights - The development of industrial-grade unmanned helicopters in China is primarily driven by national low-altitude economic policies, specific industrial demands for high payload and long endurance capabilities, and continuous breakthroughs in core technologies such as flight control and composite materials [4][6]. - The market has evolved from technology introduction to independent innovation, with significant milestones such as the launch of the T1400 ton-class unmanned helicopter, which features a payload of 650 kg and an 8-hour endurance, marking the beginning of the "ton-class era" in low-altitude economy [6]. - The competitive landscape is characterized by a few leading companies, including United Aircraft, AVIC 602 Institute, and Chongqing Guofei, which dominate the market through technological iteration and innovative application scenarios [11]. Market Background - The industrial-grade unmanned helicopter is defined as a type of unmanned aerial vehicle that relies on powered rotors for lift and propulsion, designed for various industrial and public service applications, emphasizing payload capacity, environmental adaptability, and economic reliability [5]. - The market has seen a transition from early models to advanced designs, with various configurations such as conventional single-rotor, tandem rotor, coaxial rotor, and cross-rotor designs being developed to meet diverse operational needs [5][6]. Market Status - The market is driven by favorable policies that recognize low-altitude economy as a strategic emerging industry, alongside continuous technological advancements that enhance the reliability and performance of unmanned helicopters in complex operational environments [7]. - The supply side consists of specialized manufacturers focusing on the development and production of industrial-grade unmanned helicopters, offering a diverse range of models tailored to different operational scenarios [8]. - Demand is fueled by industries seeking efficient and safe operational methods, with unmanned helicopters rapidly expanding their applications in emergency rescue, agricultural protection, energy inspection, and logistics [9]. Market Competition - The competitive landscape is shaped by a few key players, with AVIC leading foundational research and private enterprises like United Aircraft focusing on differentiated innovation [11]. - The market is transitioning from single-machine performance to providing intelligent system solutions, reflecting a shift in competitive dynamics [11]. Development Trends - Future industrial-grade unmanned helicopters are expected to evolve towards greater intelligence and modularity, integrating advanced technologies such as AI and big data for improved operational capabilities [13]. - The application of these helicopters is deepening from single-function to comprehensive operational solutions, particularly in high-stakes environments like emergency rescue and agricultural applications, thereby expanding their operational boundaries [14]. Brand Overview - United Aircraft: TD550 unmanned helicopter, the first domestic model certified by civil aviation, capable of high-altitude operations with a payload of 200 kg and applications in emergency rescue and logistics [15]. - AVIC 602 Institute: AR-500 series unmanned helicopter, designed for maritime inspection and emergency communication, with a maximum takeoff weight of 500 kg [15]. - Aerospace Guoqi: GQ-580Z tandem rotor unmanned helicopter, featuring a maximum takeoff weight of 700 kg and 8-hour endurance, suitable for high-altitude reconnaissance [15]. - Chongqing Tuohang: Tohang 500 heavy-lift unmanned helicopter, with a maximum payload of 280 kg and capable of operating in extreme temperatures [15]. - Hangjing Innovation: FWH-1500 ton-class unmanned helicopter, designed for logistics and firefighting, with a payload capacity of 300 kg and operational capabilities at high altitudes [15].