Development Status and Investment Strategy of China's High Precision Satellite Navigation and Positioning Industry

Views: 518 Author: Site Editor Publish Time: Origin: Site

The year 2020 is the first year of the development of Beidou 3 market. Drawing on the development experience of Beidou 2, 2022 is expected to be the year of blowout of Beidou 3 market. According to the white paper on the development of China's satellite navigation and location service industry in 2021, the output value of China's satellite navigation and location service industry in 2020 will be 403.3 billion yuan, with a year-on-year increase of 16.9%, and an average annual compound growth rate of 20.11%. It is estimated that by 2025, the total output value is expected to reach 800-100 billion yuan, with a median compound growth rate of 19.6%.



From the perspective of the output value of the high-precision equipment industry, according to the statistics of China satellite navigation and positioning association, the domestic high-precision equipment market is growing rapidly, and the sales income of related products will increase from 1.1 billion yuan in 2010 to 11.04 billion yuan in 2020, with an average annual compound growth rate of nearly 26%. Assuming a compound growth rate of 13% in the next five years, the domestic market is expected to reach 20.3 billion yuan in 2025.


From the perspective of the application market, the self-driving satellite navigation business will surpass terminal applications such as smartphones and become the track with the highest value in the next decade. According to GSA's estimate, the cumulative revenue of the satellite navigation industry from 2019 to 2029 will reach 2525 billion euros, of which the traffic scenario accounts for 55%, mainly from the in-vehicle navigation system (IVS) and advanced driving assistance system (ADAS), and the solutions provided by consumers such as the charging of space-time location data generated by lbs services by smartphones and other terminals account for 38.3%.

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