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Copyright © 2024 CGTN. 京ICP备20000184号
Disinformation report hotline: 010-85061466
GNSS and LBS Association of China released a white paper on China's satellite navigation and positioning services industry on May 18, 2024. /China Media Group
China's satellite navigation and positioning services industry has reached 536.2 billion yuan ($74.2 billion), an increase of 7.09 percent year-on-year, said a white paper released on Saturday.
The associated value created by satellite navigation applications and services reached 375.1 billion yuan, according to the paper released by GNSS and LBS Association of China.
China's homegrown Global Navigation Satellite System, the BeiDou Navigation Satellite System (BDS), has seen stable growth in recent years, and is supporting the development of the industry chain and supply chain, the association said.
By the end of 2023, the total number of enterprises and institutions related to satellite navigation and location services in China had nearly reached 20,000.