12 June 2017
The Precise Service System of the BeiDou Navigation Satellite System (BDS) has been used in the construction of 317 smart cities across China, according to the Smart BDS Precise Application Summit, which opened on 12 June. The technology is also expected to provide precise positioning and navigation services to all countries along the Belt and Road by 2018.
With the development of the Internet of Things, big data and artificial intelligence, there will be an increasing need for precise positioning in industries like unmanned vehicles, drones and robots, said Ran Chengqi, an official at Beidou Navigation Satellite System, adding that the value of BDS industrial chain could reach up to 240 billion yuan by 2020.