China’s navigation, location industry to reach $36bn in 2015

China’s navigation, location industry to reach $36bn in 2015

SHARE

China: China”s satellite navigation and location service industries will exceed CNY 225 billion Yuan ($36.6 billion) in 2015, according to a white paper released by the Global Navigation Satellite System (GNSS) and Location Based Service Association of China,

The white paper says that China’s Beidou Navigation Satellite System will expand its coverage and will cover the entire globe by 2020. The industry will then reach CNY 400 billion ($65.3).

Source: news.xinhuanet.com