China's Geomatics Industry May See Total Output of Over USD80 Billion This Year, Authorities Say
Dou Shicong
DATE:  Sep 11 2017
/ SOURCE:  Yicai
China's Geomatics Industry May See Total Output of Over USD80 Billion This Year, Authorities Say China's Geomatics Industry May See Total Output of Over USD80 Billion This Year, Authorities Say

(Yicai Global) Sept. 11 -- The output value of China's geomatics industry is predicted to reach USD80 billion (CNY518 billion) this year with annual growth of 18.8 percent, the National Administration of Surveying, Mapping and Geoinformation said in a report released at the 2017 China Geomatics Industry Conference held in Guiyang, capital of south western Guizhou Province.

The size of China's geomatics industry has continued to grow and the number of organizations holding surveying and mapping qualifications grew 4.9 percent annually to more than 18,000 at the end of August 2017, the report states.

Among those organizations, the number of those designated Class-A has reached 1,000 for the first time with employees totaling 460,000, media outlet Economic Daily reported on Sept. 10.

China has a total of 55 listed companies engaged in the surveying, mapping and geoinformation sector domestically and abroad, the report said. Including those listed on the National Equities Exchange and Quotations, there were 283 listed firms as of the end of August.

The government is looking to encourage the development of the geomatics industry with the recent implementation of the new Surveying and Mapping Law on July 1st.

"The new law will promote data sharing, improve the market supervision system and create a more standard market order", said deputy director of National Administration of Surveying, Mapping and Geoinformation, Song Chaozhi.

China classifies the geomatics industry, related to modern mapping and geographic information systems, remote sensing and satellite navigation and positioning, as high-tech services dealing in the acquisition, processing and the application of geographic information.

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Keywords:   Geomatics Industry,National Administration of Surveying,Mapping And Geoinformation