The geographic information industry is experiencing a significant boom, driven by advancements in Beidou time and location information systems. This article delves into the factors contributing to this growth, including high-end equipment, policy support, and market demand. Discover how the Beidou system is revolutionizing geographic information and the broader implications for various industries.
The aviation, aerospace, and intelligent equipment sectors are witnessing unprecedented growth, thanks to the "12th Five-Year Plan" for high-end equipment manufacturing. According to Luo Baihui, Secretary-General of the International Model Association, aerospace development is crucial for national strategic security. The demand for intelligent equipment is also on the rise, driven by the trend of replacing manual labor with automated systems. This shift is particularly evident in the mechanical industries, which show promising growth potential.
On February 25th, at 4:12 PM, the Long March III carrier rocket successfully launched the 10th Beidou navigation satellite from the Xichang Satellite Launch Center. This milestone marks a significant advancement in the Beidou system, which provides time and location information crucial for geographic data analysis and environmental monitoring.
The Beidou system's completion offers local businesses the opportunity to provide products and services domestically. The industry chain can be broken down into several segments:
Policies and market demand are key drivers of rapid industrial development. For instance, regions like Shanghai and Hunan have already begun implementing Beidou applications. The "12th Five-Year Plan" for the geographic information industry emphasizes improving localization rates for software, hardware, and data. The Beidou system plays a crucial role in hardware localization, while 1:50000 GIS data and civilian resources from three satellites lay the foundation for data localization.
Listed companies are poised to benefit significantly from the Beidou system's industrial chain. The system forms a comprehensive geospatial industry chain, encompassing satellite navigation, basic data, map engines, and downstream hardware and software applications. Local leading enterprises in segments like car cameras stand to gain the most from these advancements.
The successful launch of 11 Beidou satellites has expanded the system's coverage area and improved positioning performance. The fixed position of the satellite at approximately 6 degrees east longitude enhances coverage, including regions like Tibet and Xinjiang in western China. The increased number of satellites also boosts the overall system's positioning accuracy.
The construction of the Beidou system is progressing steadily, with the network for the Asia-Pacific region expected to be completed by October this year. This development will further enhance the system's capabilities and broaden its applications.
The geographic information industry is set for a bright future, driven by technological advancements, policy support, and market demand. The Beidou system, in particular, is a cornerstone of this growth, offering enhanced capabilities and broad applications. As the industry continues to evolve, it will undoubtedly play a crucial role in various sectors, from aerospace to intelligent equipment.
For more information on the Beidou system and its impact, you can visit China National Space Administration and MarketsandMarkets.
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