GPS Market of China Overview

Date: 2016-01-08

GPS helps in determination of position in three dimensions, timing, and velocity using precise radio navigation signals. Global GPS market is around 25 billion dollars in 2015 and expected to reach about 28 billion dollars by 2020 at a CAGR of 4.8%, about 500 GPS companies across the world.

In 2015, Chinese GPS navigation device market is 30 million units, 5 billion dollars and expected to reach over 7 billion dollars by 2020 at a CAGR of 8%. In-dash navigation market size of China is 5 million units, about 910 million dollars. 

The leading GPS navigation device producers in China are Shenzhen Electronics Group, Huaqiang, Boshije, Xingan, Meiligao, Xingwen, Wisdom, BDStar, Jiatianxing, Ywen. Leading satellite navigation service providers in China are UniStrong, Navinfo, SuperMap Software, BDStar, Zhenxin, China Spacesat, Space Star Aerospace Technology Applications, Hantian Guanxing, Zhongxing Henghe, Shenzhou Tiane.

Figure 2015 China Key Satellite Navigation Service Provider Market share

Satellite Navigation Service
Source: Above Companies, Jan. 2016

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