A visitor learns about a high-precision Global Navigation Satellite System (GNSS) receiver at the 11th China Satellite Navigation Conference in Chengdu, southwest China's Sichuan Province, Nov. 24, 2020. (Xinhua/Tang Wenhao)
BEIJING, May 18 (Xinhua) -- The total output value of China's satellite navigation and location services industry reached 403.3 billion yuan (about 62.75 billion U.S. dollars) in 2020, up 16.9 percent from the previous year, according to an annual report.
The data was published in the White Paper on the Development of China's Satellite Navigation and Location Services Industry (2021), which was released by the GNSS (global navigation satellite system) & LBS (location-based service) Association of China on Tuesday.
The industry's core sectors, which are directly related to the development and application of satellite navigation technology, include chip, device, algorithm, software, navigation data, terminal equipment and infrastructure.
These sectors reported 129.5 billion yuan in output value, a year-on-year increase of 11 percent, accounting for 32.11 percent of the industry's total.
The related output value of satellite navigation applications and services increased by 19.9 percent year on year to 273.8 billion yuan, accounting for 67.89 percent of the total, according to the white paper. ■
