With the continuous promotion of marketization, industrialization, and internationalization of the large-scale application of Beidou, the development of China's Beidou industry is showing a steady recovery trend, "said Yu Xiancheng, President of the China Satellite Navigation and Positioning Association, at the recent launch of the" 2025 White Paper on the Development of China's Satellite Navigation and Location Services Industry. The Beidou industry is a core component of the satellite navigation and location service industry. Data shows that the overall output value of China's satellite navigation and location service industry will reach 575.8 billion yuan in 2024, a year-on-year increase of 7.39%. Among them, the core output value of industries directly related to the research and application of satellite navigation technology, including chips, devices, algorithms, software, navigation data, terminal equipment, infrastructure, etc., increased by 5.46% year-on-year, reaching 169.9 billion yuan, accounting for 29.51% of the total output value; The related output value generated by satellite navigation applications and services increased by 8.21% year-on-year, reaching 405.9 billion yuan, accounting for 70.49% of the overall output value. Yu Xiancheng stated that in 2024, the national economy will operate steadily with progress, the economic structure will continue to optimize, industrial upgrading will accelerate, various industries will undergo digital transformation and intelligent upgrading, and the demand for satellite navigation equipment and spatiotemporal data will continue to be released, injecting new vitality into the development of the Beidou spatiotemporal information application and service market. At the same time, multiple policies have promoted the deepening application of Beidou in the industry and mass consumption fields, continuously enhancing market activity. Driven by multiple factors such as continuous policy promotion, technological iteration, and demand pull, the Beidou system has achieved deep applications and innovative breakthroughs in multiple fields in 2024. Its core capabilities such as high-precision positioning, short message communication, and spatiotemporal information services continue to empower thousands of industries. The cross-border integration of Beidou continues to deepen, combined with 5G, AI, and IoT technologies, giving rise to new formats such as unmanned farms and digital construction sites. Accuracy and reliability continue to improve, and meter level positioning and short message functions have become standard in key areas such as power and emergency. In the field of agriculture, the application of Beidou has been upgraded towards intelligence and precision, extending from single navigation to the intelligence of the entire industry chain, significantly improving the production efficiency and resource utilization of agriculture, and making important contributions to the increase of yield and the construction of high standard farmland. In the fully automated operation of port loading and unloading and yard, the unmanned container truck with Beidou navigation equipment has increased its operating efficiency by 25%. The "5G+Beidou" model is creating more smart ports. Low altitude economy has become another important field of Beidou application. ”Yu Xiancheng stated that China's civil aviation has established a three-level system for low altitude flight services, and the coverage rate of Beidou airborne terminals has reached 95%, supporting new formats such as drone delivery and intercity transportation. More and more cities are paying attention to low altitude economy. The low altitude economy has entered a golden window period of innovation intensive and rapid development, and the Beidou system will play an irreplaceable role in the infrastructure construction, key equipment and components, and solution provision and operation services of the low altitude economy. However, the development of the Beidou industry still faces challenges. On the one hand, some segmented fields have experienced price wars due to the lagging process of technological standardization and homogeneous competition, resulting in a continuous decline in product unit prices; On the other hand, enterprises mainly engaged in export business have been greatly impacted by factors such as the international environment. In addition, the rigid growth of R&D investment has become a common phenomenon, especially in key technology fields such as automotive grade chips and spatiotemporal data fusion processing. Although sustained high-intensity investment can lay the foundation for long-term development of enterprises, it also squeezes profit margins in the short term. In 2024, China's satellite navigation and location service industry will exhibit structural differentiation characteristics. Although the overall output value of the industry will maintain growth, the revenue performance of enterprises will be significantly affected by the competition pattern of segmented tracks, technological barriers, and other factors. Li Donghang, President of the Beidou Spatiotemporal Technology Research Institute of the China Satellite Navigation and Positioning Association, stated that in the future, the Beidou industry will accelerate its evolution towards a demand driven ecosystem, and characteristic enterprises with full industry chain integration capabilities and differentiated scenario solutions are expected to take the lead in differentiation. From the perspective of driving factors, emerging scenarios such as high-precision positioning services, intelligent assisted driving, intelligent networking, low altitude logistics, low altitude distribution, low altitude cultural tourism, and agricultural digitization have become important growth points. Relevant enterprises can achieve business expansion through technology reuse and scenario innovation, especially those that build barriers in areas such as chip autonomy, integrated communication and sensing, and algorithm optimization, which can further consolidate their market position. (New Society)