2023: China's satellite navigation industry output value reaches 536.2 billion yuan, up 7.09% YoY, driven by digital transformation and intelligent upgrades.

China's satellite navigation industry reached a total output value of 536.2 billion yuan ($74.2 billion) in 2023, up 7.09% YoY, driven by digital transformation and intelligent upgrades in various sectors. The industry consists of nearly 20,000 enterprises, employing almost one million people. Patent applications in the sector increased by 4.84% YoY, surpassing 119,000 by the end of 2023.