抢跑低空经济，第二波行情开始？-

Summary of Low Altitude Economy Conference Call Industry Overview - The low altitude economy is receiving strong support from national policies, particularly with the introduction of airspace management regulations and the draft implementation plan for general aviation equipment, indicating the government's increasing focus on this sector [1][4][6] - The low altitude economy has been identified as a new growth engine during the National People's Congress, leading to a rapid initiation phase for the industry [1][4] Key Points and Arguments 1. Policy and Market Development - National policies are driving expectations in the low altitude economy, with local governments beginning to implement supportive measures [1][2] - The government work report includes low altitude economy initiatives, suggesting increased investment in related infrastructure such as airports and air traffic control systems [1][4] 2. Infrastructure and Government Procurement - Local governments are ramping up understanding and construction of relevant infrastructure, with expectations for quick tendering processes to boost the industry [1][4] - Government procurement is heating up, with leading companies experiencing full order books, particularly in the low altitude and new energy vehicle sectors [1][4] 3. Industry Chain and Leading Enterprises - The low altitude industry chain, including drones and aircraft, is viewed as a strong investment direction, transitioning from speculative trading to order-based trading [1][3] - The industry is expected to see significant growth in performance, with government procurement and tourism groups as primary buyers [1][4] 4. Local Policies and Pilot Programs - Local governments are actively nurturing low altitude economy enterprises, encouraging technological innovation and expanding application scenarios [2][4] - The pilot model from the ground up helps reduce risks and accelerates technological and standard iterations [2][4] 5. Market Space and Economic Impact - The low altitude economy is projected to reach a market size of over one trillion by 2030, with a strong GDP driving effect [2][5][6] - The sector's leverage effect is significant, with a market space of approximately 500 billion expected by 2023 [6][7] 6. Operations and Future Outlook - The launch of low altitude manned routes is accelerating, with expectations for more routes to be operational by the end of the year [2][10] - The logistics commercialization in high-value product applications is anticipated to grow rapidly, with low transportation costs [2][10] Additional Important Insights - The low altitude economy is characterized by a combination of top-down and bottom-up approaches, with significant involvement from local governments [4][5] - The industry is entering a phase where speculative trading is shifting towards actual order fulfillment, indicating a more mature market [3][13] - The development of airspace management regulations and the implementation plan for general aviation equipment are critical policy variables influencing the sector [4][6] - The infrastructure for low altitude operations is still underdeveloped, presenting both challenges and opportunities for growth [7][11] - The consensus among enterprises regarding participation in the low altitude economy is rapidly forming, which is expected to accelerate the industry's development [12][13]