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Deep Research on Satellite Navigation Industry in Electronic Equipment and Instrument Industry
The constant maturity of satellite navigation technology has promoted the rapid development of navigation applications on a global scale. The relative concentration of three major markets in Japan, the United States, and Europe is relatively high and the development speed is the fastest, while other emerging markets continue to expand with the market. Its speed of development is not inferior to that of Japan, the United States, and Europe. We believe that the main driving forces for the rapid development of the civil satellite navigation industry are: the increase in residents' income levels, the increase in consumption levels, and consumer recognition of navigation products and services. China's navigation market is still in its infant stage. The market capacity is small but the expansion is extremely rapid. Since 2002, annual sales have increased by more than 100%, and the market capacity has also increased from 180 million yuan in 2002 to 41 in 2006. 900 million yuan has increased by 21 times in five years. The market has great potential. With the expansion of the market and the implementation of industry regulations, the entire industry is entering a high-speed and orderly development stage.