In 2021, the total output value of China's satellite navigation and location-based service industry reached RMB470 billion.

In terms of product manufacturing, breakthroughs have been made in a series of key BDS technologies such as chips and modules, which has effectively driven up the shipment volume. By the end of 2021, there were more than 1 billion terminals using the BDS positioning function nationwide.

In terms of its applications, BDS has been widely applied to various industries and sectors, generating significant socioeconomic benefits. As of the end of 2021, BDS had been installed in more than 7.8 million road transport vehicles nationwide. Approximately 8,000 BDS terminals were in use on the country's railway network, and more than 100,000 agricultural machines were equipped with self-driving systems based on BDS. BDS-based services in health care, epidemic prevention, remote monitoring and online services sectors were worth almost RMB200 billion.

BDS-based applications have shown their growing relevance in scenarios closely related to daily life, notably in smartphones and smart wearable devices. BDS has been widely supported by products from international mainstream chip manufacturers, including smartphone device suppliers. In 2021, 324 million Chinese smartphones supporting BDS services were shipped, accounting for 94.5 percent of the country's total.