20 November 2018
According to Euroconsult’s latest report, China Space Industry 2018, the China space value chain had an estimated size of more than $16 billion in 2017, with the downstream market accounting for just over 85%. Satellite Navigation, one of the key satellite applications in China, was the main revenue generator in 2017, ahead of Satellite Communications and Earth Observation. “China’s space industry is rapidly evolving, with an increasing number of nominally private companies competing in different parts of the space industry in both China and abroad, and with the Chinese space industry starting to play a bigger role in cutting-edge technology,” said Dimitri Buchs, Senior Consultant at Euroconsult and editor of the report.
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