新兴产业2025年投资策略：驾驭新质生产力，穿越产业周期

Core Viewpoints - New quality productivity relies on technological innovation to inject new momentum into development. It is characterized by high technology, high efficiency, and high quality, necessitating the leading role of technological innovation to open up new fields and tracks for development [1][15][19]. Group 1: Emerging Industries - The report highlights optimism towards emerging industries such as low-altitude economy, commercial aerospace, satellite internet, controllable nuclear fusion, AI acceleration cards, and intelligent driving due to supportive policies and technological advancements [1][9]. - The low-altitude economy is supported by policy reforms, with the Civil Aviation Administration of China releasing a classification method for national airspace, laying a foundation for the effective use of airspace resources [1][22]. - The establishment of the Low Altitude Economy Development Department by the National Development and Reform Commission indicates a strategic focus on developing this sector [1][23]. Group 2: Low-altitude Economy - Six pilot cities for eVTOL (electric vertical takeoff and landing aircraft) are set to launch, including Hefei, Hangzhou, Shenzhen, Suzhou, Chengdu, and Chongqing, which will drive the development of low-altitude economy [1][24]. - The eVTOL market is projected to reach $30.519 billion by 2030, with a compound annual growth rate (CAGR) of approximately 18.3$7.1 billion attracted in 2024, reflecting investor confidence in this sector [3][42]. Group 5: AI Acceleration Cards - The demand for AI computing power is rapidly increasing, with the global AI acceleration card market expected to reach $34.87 billion in sales by 2024, growing at a CAGR of 53.6% from 2025 to 2031 [3][8]. - The report emphasizes the need for self-controlled AI acceleration cards to meet the growing demand for AI computing power [3][8]. Group 6: Intelligent Driving - The penetration rate of intelligent driving features is expected to rise significantly, with L2+ functions projected to reach an 8.5% penetration rate in 2024, and the market size for NOA (Navigation on Autopilot) functions expected to exceed 300 billion yuan by 2030 [3][8].