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The 4th Beidou Summit Opens: New Applications and New Business Formats Shine Brilliantly
Globenewswire· 2025-09-26 13:36
Core Insights - The 4th International Summit on the Large-scale Application of Beidou showcased the transition of Beidou technology from domestic applications to global industry expansion, highlighting over 1,000 demonstration scenarios and the launch of 33 new products and technologies [1] Industry Overview - The "Blue Book on the Development of the Beidou Industry (2025)" indicates that the total output value of China's Beidou industry reached 575.8 billion yuan in 2024, reflecting a year-on-year growth of 7.39% [2] Global Expansion - By 2025, Beidou services are projected to cover over 200 countries and regions, with products and services provided to more than 140 countries, achieving a global coverage rate of over 50% for Beidou-enabled mobile terminals [3] Project Signings - The summit resulted in 22 major signed projects, including international collaborations, indicating a shift from domestic penetration to global value expansion, with 21 investment promotion projects announced totaling 31.98 billion yuan [4] Diverse Participation - The signed projects involved a variety of entities, including international organizations, local governments, industry associations, and leading enterprises, with international projects and those from other provinces making up 61.9% of the total [5] Technological Leap - The projects reflect a significant advancement in Beidou technology, transitioning from a "Chinese solution" to a model for "global sharing," enhancing cooperation among industry, universities, and research institutions [6]