CHICAGO, May 14, 2023 (GLOBE NEWSWIRE) — According to a research report Japan’s intelligent manufacturing market by Information Technology, Enabling Technology, Industry (Process and Discrete) and Geography (North America, Europe, Asia Pacific, Rest of the World) – Global Forecast to 2027”, published by MarketsandMarkets, Japan’s Smart Manufacturing Industry will grow at a CAGR of 18.7% from 2021 to 2027.
Promote digitization and adoption of advanced technologies driving the market in Japan
According to the International Monetary Fund (IMF), Japan is the third largest economy after the United States and China. The country’s economy is highly developed and technologically advanced, driven by the manufacturing and service sectors. The manufacturing industry is a crucial engine for the Japanese economy. It contributes about 20% of the country’s total GDP and is a world leader in the production of automobiles, electronics and industrial machinery. Japan’s manufacturing sector is highly regarded for its superior quality and efficiency, and its products are widely exported to various countries around the world.
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In addition, according to the MarketsandMarkets report, the smart manufacturing market in Japan is driven by the presence of numerous automotive, consumer electronics, semiconductor, and iron and steel manufacturers. These manufacturing companies are focused on increasing automation and using new smart technologies like AI, IIoT, big data and cloud computing to improve quality and productivity. The intelligent manufacturing market in Japan was the second highest in Asia-Pacific at US$10.1 billion in 2021 and is expected to reach US$26.2 billion by 2027; It is expected to grow at a CAGR of 18.7% over the forecast period.
Japan has a long history of innovation in manufacturing technologies. The country has pioneered robotics and automation technologies and many Japanese companies have…