China

[China] - China's satellite navigation industry output hits 575.8 billion yuan

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Chinas satellite navigation and location-based service market continues its strong development momentum, with its total output reaching 575.8 billion yuan (about $79.9 billion) in 2024, a year-on-year growth of 7.39 percent, according to a market white paper released on Sunday in Beijing.The white paper likewise reports that China has filed over 129,000 patents related to satellite navigation, making it a global leader in the sector.A foundation of this expansion is the prevalent application of Chinas homegrown BeiDou Navigation Satellite System (BDS).
By the end of 2024, around 288 million smartphones in China were equipped with BeiDou-enabled positioning abilities, the paper stated.
High-precision, lane-level BeiDou navigation services now cover over 99 percent of metropolitan and rural roads nationwide, processing over one trillion location-based service requests daily and assisting in over 4 billion kilometers of journeys usually each day.BeiDous applications likewise reach smart transportation.
More than 50 cities throughout China are performing roadway tests for clever linked lorries powered by BeiDous high-accuracy positioning.The paper further revealed that the BDS has actually been incorporated into the technical requirements of 11 significant international organizations, including those in civil aviation, maritime affairs, and mobile telecommunications.
Relative services and products have actually now been exported to more than 140 nations and areas.




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