Beidou to have 60% share of home market

China plans to have its satellite navigation system, Beidou, have a 60 percent share of the domestic market and 80 percent of all markets related to social and economic growth by 2020.

The central government released on Thursday medium- and long-term plans for the "sat nav" industry, all approved by the State Council.

Plans include analysis on the status of the industry, development goals of the Beidou system and major goals to be accomplished by 2020.