Home News Business ‘COMPASS fuelling growth of geographic info in China’

‘COMPASS fuelling growth of geographic info in China’

China: As China”s self-developed navigation satellite system, COMPASS has played a positive role in various aspects of the country”s economy and society. Its construction and operation is gradually becoming the core driving force for the development of China”s navigation satellite industry and such a promoting role is also strengthening, driving the explosive growth of the industry. According to the statistics of CCID Consulting, the size of China”s COMPASS navigation satellite industry reached RMB 8.596 billion in 2011, an increase of 43.2 per cent year-on-year.

Currently, the COMPASS industry is taking shape in China’s various provinces and municipalities, including Beijing, Shanghai, Shaanxi, Shandong, Jiangsu, Zhejiang, Guangdong, Sichuan and Chongqing. The COMPASS system has been widely applied in various fields such as meteorology, fishery, transportation, hydrology, forestry, rescue, telecommunication and power generation. Although the current performance of the COMPASS navigation satellite system is still far below GPS, it is undoubtedly to play a critical role in China”s navigation satellite industry in the future.

According to the planning of China Satellite Navigation Office, the size of China”s navigation satellite industry will reach RMB 200 billion by 2015, and RMB 400 billion by 2020, showing a great potential for its future growth. Meanwhile, the completion of COMPASS will also allow China to provide related local products and services.

China”s geographic information industry is enjoying a rapid growth, with its market size growing steadily and applications expanding continuously. According to the statistics of CCID Consulting, its compound average growth rate was 38 per cent from 2009 to 2011. The market size reached RMB 126.01 billion in 2011 and the total output of China”s geographic information industry is expected to surpass RMB 1 trillion by 2020.

In China”s geographic information industry, the lion’s share, about 87.9 per cent is taken by the GNSS, followed by the GIS sector with a share of about 7.6 per cent and the remote sensing (RS) sector with about 4.5 per cent. With the emergence of COMPASS, the dominating GNSS sector and the entire geographic information industry will continue to grow.

Source: Yahoo