EU-China online industry workshop to provide insights into China’s GNSS market

According to the GNSS and LBS Association of China (GLAC), in 2019, the total output of China’s GNSS (Global Navigation Satellite System) industry reached 345 billion RMB (43 billion EUR), an annual increase of no less than 14.4%.

EU-China online industry workshop to provide insights into China’s GNSS market
EU-China online industry workshop to provide insights into China’s GNSS market

EU-China online industry workshop to provide insights into China’s GNSS market

GNSS.asia has announced the opening of registrations for the EU-China Online Industry Workshop, organised to shed light on the specifics of China’s GNSS market. The event is taking place on 4 December at 10 am CET/17:00 CST

According to the GNSS and LBS Association of China (GLAC), in 2019, the total output of China’s GNSS (Global Navigation Satellite System) industry reached 345 billion RMB (43 billion EUR), an annual increase of no less than 14.4%.

The number of Chinese PNT businesses stands at 14,000 enterprises, employing over 500,000 people. 46 of these companies are listed on the stock market. China’s GNSS market has undergone considerable changes, with a share of downstream applications growing from 31% to 44% over the last four years.

Such applications are seen in the transformation of several sectors, ranging from automotive, rail, and energy to mining, consumer solutions, logistics, and even the postal industry.

The downstream GNSS market is in full motion. Recent market and technology trends show an increasing interest in maritime transportation and ocean vessels, smart railway solutions for high-speed trains, transport applications such as autonomous driving but also disaster management and IoT solutions.

The EU-China Online Industry Workshop will further elaborate on China’s GNSS market trends, discuss current policy priorities, and explore where European GNSS applications have a competitive potential on the Chinese market.