China's satellite navigation and location services industry achieved a total output value of 301.6 billion yuan (about 43.93 billion U.S. dollars) in 2018, up 18.3 percent from the previous year, according to an annual industry report.

 

2018年中国卫星导航定位服务行业生产总值3016亿元人民币（约439.3亿美元），较前一年上涨18.3%。

 

The data was published in the White Paper on the Development of China's Satellite Navigation and Location Services Industry (2019), which was released by the GNSS (global navigation satellite system) and LBS (location-based service) Association of China on Wednesday.

 

The industry's core sectors¹, which are directly related to the development and application of the satellite navigation technology, include chip, device, algorithm, software, navigation data, terminal equipment and infrastructure². These sectors reported 106.9 billion yuan in output value, accounting³ for 35.44 percent of the industry's total.

 

The BeiDou Navigation Satellite System (BDS) contributed 80 percent to the output value generated by the core sectors. The system raked in a total of 194.7 billion yuan with related products and services.

 

China has launched 44 BDS satellites, and the system has been applied⁴ in many industries including transport, maritime⁵ affairs, electricity, civil affairs, meteorology, fishery, surveying and mapping, mining and public security.

 

According to the report, over 80 million sets of domestic BDS terminal products had come into service by the end of 2018. The total number of terminal products, including smartphones, installed with BDS compatible chips was close to 700 million.

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