And if beidou proves more accurate it.
Beidou navigation satellite system vs gps.
The most notable of those systems is galileo.
But the satellite navigation market is also a lucrative one.
It has many systems of satellites aimed at serving various purposes.
The beidou navigation satellite system bds chinese.
China is using its belt and road initiative to promote the beidou navigation system.
Grand view research estimates that by 2025 gps market size will be worth almost 150 billion.
Beidou satellites were the most frequently observed in more than 100 of the 137 countries that have signed on.
It consists of two separate satellite constellations the first beidou system officially called the beidou satellite navigation experimental system and also known as beidou.
Beidou is a rival to the u s.
A satellite navigation system with global coverage may be termed a global navigation satellite system gnss.
The beidou 1 is a cluster of 3 satellites targeted to provide position and navigation capabilities within china and neighbouring countries albeit it is severely limited.
Other satellite navigation systems.
Government owned global positioning system gps which is widely used across the world.
However according to an article on the chinese journal of aeronautics the bds can achieve an accuracy of better than 1 cm in horizontal and 3 cm in vertical which according to the current standards is far better than the global positioning system gps.
Experts previously told cnbc that beidou will help china s military stay.
On tuesday china launched the final satellite it needed to establish its very own satellite navigation network to rival the u s made global positioning system gps.
As of september 2020 update the united states global positioning system gps russia s global navigation satellite system glonass china s beidou navigation satellite system bds 1 and the european union s galileo 2 are fully operational gnsss.
China gps rival beidou starts offering navigation data yang changfeng the system s chief designer has been vocal about his country s ambition to attract more overseas clients.
The launch of the final satellite on tuesday marks the completion of china s 30 satellite network named beidou navigation satellite system bds which now gives china a global constellation of navigation satellites.