China’s BeiDou leads GPS, other rivals across belt and road network: report
Products and services compatible with China’s navigation system have captured 58 per cent market share in countries in the trade initiative
There were now more than 20 BeiDou-related service centres in countries taking part in the initiative – China’s infrastructure-focused strategy for global trade integration – and products and services related to the system had reached over 140 countries and regions by the end of last year, said the Global Navigation Satellite System and Location Based Services Association of China, a semi-official industry body.
The annual white paper, whose scope was expanded from standard satellite navigation to a comprehensive PNT system this year, found that Chinese PNT products and services had generated 1.33 trillion yuan (US$195.6 billion) in total output value by last year.
The foundational satellite navigation sector accounted for 629 billion yuan of that, up 9.24 per cent year on year, the white paper said.
The industry association defines the wider PNT sector as a comprehensive ecosystem centred on BeiDou, blending diverse technologies ranging from remote sensing and 5G telecommunications to indoor positioning, as well as inertial, visual and geomagnetic navigation.