Home China China’s geospatial industry sees strong growth in past decade

China’s geospatial industry sees strong growth in past decade

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HEFEI, August 12(ABC): China’s geospatial industry saw a compound output growth rate of 17.5 percent in the past decade, according to a new industry report.

The total output of the industry amounted to 752.4 billion yuan (about 111.8 billion U.S. dollars) in 2021, said the report published at the ongoing 2022 Conference of Chinese Geospatial Industry and Sciences.

The number of newly registered market entities in the geospatial industry stood at about 35,800 last year, up 29.2 percent. By the end of 2021, the number of employees in the industry had surpassed 3.98 million, up 18.5 percent year on year, the report said.

China is briskly pushing forward the geospatial industry to bolster the digital economy. The Ministry of Natural Resources recently announced a pilot program of high-precision maps for intelligent connected vehicles.

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  • FD News

    Financial Daily (FD) is an emerging media outlet providing news reports, analysis and features especially related to politics and economy. FD is currently one of the largest and most comprehensive private-sector information portals in Pakistan, providing its readers with apolitical, unbiased and fact-based news reports and analyses.

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