According to a white paper released by the Global Navigation Satellite System and Location Based Service (GNSS & LBS) Association of China, the output value reached 173,5 billion yuan (26 billion USD), nearly 20 % of it from the Beidou navigation satellite system, and 466 million navigation and positioning end products were sold across China, including 440 million smartphones. Overseas manufacturers have begun large-scale production of chips compatible with the BeiDou system.
CAS news release, July 21, 2016
China’s satellite navigation industry grew 29 % in 2015