Tuesday, December 27, 2011

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It is reported that worldwide a total of four global satellite navigation system: the U.S. GPS, Russian GLONASS system, Europe is building the Galileo system and China's Compass. China's satellite navigation industry started in the beginning of this century, the market size in 2003, but $ 4 billion.
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In recent years, as the "industrialization of satellite navigation applications," the implementation of major projects, significant increase in the consumer market base, the size of the national market for satellite navigation to the rapid growth rate of doubling every two years to May 2011 has increased to 500 billion yuan, the annual compound growth rate of over 50%.
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Ran bearing its said that once the application of mature technologies, China's satellite navigation industry will enter a blowout period. 2020, annual output value of China's satellite navigation industry is expected to reach 400 billion yuan.

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