China's satellite navigation and positioning services industry, centered on the BeiDou navigation system, registered a 7.39 percent year-on-year growth to reach 575.8 billion yuan (about 80 billion U.S. dollars) in its total output value in 2024, according to a white paper released on Sunday.
The white paper released by the Global Navigation Satellite System (GNSS) and Location Based Services (LBS) Association of China reported that the core industrial output value - including chips, devices, algorithms, software, navigation data, terminals, and infrastructure directly related to the research, development and application of satellite navigation technology - reached 169.9 billion yuan (about 23.57 billion U.S. dollars).
With stepped-up efforts to prioritize the application of the BeiDou System, China's independently developed global navigation satellite system, the country's satellite navigation and positioning services sector has maintained steady growth since 2024, according to the white paper.
"As all industries are undergoing digital transformation and smart upgrades, demand for satellite navigation equipment and spatiotemporal data continues to rise, further stimulating the application of BeiDou's spatiotemporal information. At the same time, national and local governments have introduced a series of policies to deepen BeiDou's application in both industry-specific and consumer sectors, boosting its overall market activity. As of now, the supply chain for BeiDou-based products remains stable. Core products such as chips, modules, and antennas upgrade continuously and have reached mass production on a scale of hundreds of millions of units," Yu Xiancheng, president of China's GNSS and LBS Association, concluded.
In addition, the white paper highlights the rapid growth in intellectual property activity related to the BeiDou System. By the end of 2024, the total number of satellite navigation patent applications in China surpassed 129,000, marking a year-on-year increase of 4.8 percent, maintaining the country's global leading momentum in this field.
China's satellite navigation and positioning services output value registers 7.39 pct growth in 2024
China's satellite navigation and positioning services output value registers 7.39 pct growth in 2024
