— Latest update: November 2023 —
Japan used to be one of the biggest worldwide manufacturers of electronics and represented the wealthiest and most innovative sector in the global electronics market. Today, however, the global presence of Japanese firms in this sector has been greatly diminished with the rise of other Asian countries’ companies. Even more so considering the ongoing worldwide shortages of semiconductors, the novel coronavirus pandemic, and a society with many seniors and a smaller population.
Because of this situation, Japanese companies are outsourcing to other countries, investing in new IoT developments, and bringing together companies from a broad spectrum of industries using digital technologies to lead the realization of “Society 5.0” to compete in the market. Japanese electronics sector remains especially strong in components and devices, creating key technologies, such as all-solid batteries and medical cameras. Looking ahead, efforts will step up to create new value by developing functions geared to factory automation and telework-led work-style reforms, as well as government moves toward decarbonization.
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