Xinhua News Agency recently reported that China has launched the state-run global positioning services Beidou Satellite GPS system (BDS) from its Beidou satellite network on Thursday.
BDS is specifically built to deliver navigation, positioning, short-message services and timing in China as well as the Asia-Pacific region. The objective of Beidou is to supply both open and authorized global navigation services internationally come year 2020 and will eventually utilize a total of 35 satellites. The GPS system is managed by the U.S Department of Defense and is offered free of charge to businesses around the world, while the Galileo system of EU plans on charging users.
In a statement, Beidou Spokesman and China Satellite Navigation Office Head Ran Chengqi noted that the Beidou system, also known as Compass, is compatible with other global positioning systems and is designed to deliver a positioning accuracy of ten meters, velocity accuracy of 0.2 meters per second and one-way timing accuracy of 50 nanoseconds.
"We hope industries based on the Beidou Navigation Satellite System will hold 15 to 20 percent of the market share by 2015,” Chengqi told Xinhua News Agency.
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