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China's BeiDou Navigation Satellite System rakes in 570 billion yuan in services value in 2024, leading the world

Global Times

By Global Times Published: May 18, 2025 11:11 AM

In 2024, the output value of services provided by China's BeiDou Navigation Satellite System reached 575.8 billion yuan ($79.86 billion), making a 7.39-percent year-on-year increase, according to the 2025 white paper released Sunday by the Global Navigation Satellite System (GNSS) and Location Based Services (LBS) Association of China.

Driven by China's intensified efforts to prioritize BeiDou applications, the navigation services sector has maintained a steady growth. The core output value of the industry, including chips, devices, algorithms, software, navigation data, terminal equipment, and infrastructure, directly related to the research and development and application of satellite navigation technology, reached 169.9 billion yuan.

"With digital and intelligent transformations across industries, demand for satellite navigation devices and data surges, fueling the BeiDou-based information services sector's expansion," said Yu Xiancheng, President of GNSS and LBS Association of China in a recent interview with CCTV, the state broadcaster.

Yu added that policy support from the government has further boosted the satellite navigation market's vitality.

The white paper showed that with the rapid advancement of the BeiDou services isector, the annual number of satellite navigation patent applications has continued to grow. As of the end of 2024, cumulative applications exceeded 129,000, marking a 4.8 percent year-on-year increase, and cementing China's lead in this sector.

BeiDou has also achieved significant breakthroughs across a wide of range of economic sectors. In transportation, over 13.5 million BeiDou-enabled devices were deployed in road transport, postal and express delivery automobiles and rail systems by 2024.

At ports, autonomous trucks using BeiDou navigation system have enhanced operational efficiency by 25 percent. In the energy sector, over 500,000 BeiDou-supported devices are adopted, according to the white paper.

In the consumer market, over 410 million satellite navigation terminals were sold in China in 2024, including 294 million BeiDou-enabled smartphones. Sales of other positioning devices and systems, including Internet of Things, wearables, vehicles, and high-precision applications, exceeded 120 million sets.

Additionally, 11 major mapping service providers in China, which are estimated to deliver 1 trillion daily location services and guiding 4 billion kilometers of automobile running per day, have switched to BeiDou positioning, with high-precision lane-level navigation now available nationwide, according to Liu Dake, vice President of GNSS and LBS Association of China.