Robotics - Japan

Japan

Revenue in the Robotics market is projected to reach US$2.57bn in 2024.
Service robotics dominates the market with a projected market volume of US$1.33bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -0.16%, resulting in a market volume of US$2.55bn by 2029.
In global comparison, most revenue will be generated in the United States (US$9,421.00m in 2024).

Key regions: United States, China, South Korea, Japan, Germany

Definition:

The Robotics market refers to the industry that encompasses the design, development, manufacturing, and deployment of robotic systems and technologies. It involves the creation of machines that perform tasks autonomously or with minimal human intervention. These machines, also known as robots, mimic human actions and/or perform specialized functions in various sectors. These sectors include manufacturing, healthcare, agriculture, logistics, defense, and entertainment.

A robot is defined as a powered machine that is programmable on two or more axes and has some degree of autonomy; it moves within its environment to perform its programmed tasks.

Structure:

The Robotics market shows the market size of robotics in industrial and service use cases. In Industrial Robotics, there are six distinct markets:

The Automotive Industry Robotics market
The Chemical Industry Robotics market
The Electric/Electronic Industry Robotics market
The Food Industry Robotics market
The Metal Industry Robotics market
The Other Industry Robotics market

Service Robotics is further split into:

The Commercial Service Robotics market, which contains the Agriculture, Logistics, Medical and Other Service Robotics markets
The Consumer Service Robotics market, which contains the Domestic and Entertainment Robotics markets

Additional information:

Data includes revenues, volume, and the average price per newly installed robot. It also examines the level of automation, the share of collaborative robots, and investment in robotics, as well as a list of the key players in the market and their consolidated revenues. The market displays both B2B and B2C revenues, and the revenue is based on the country’s demand for robots. It is shown in manufacturer prices. Industrial Robotics does not include software revenues, as industrial robots are mostly used with specific software solutions that belong to the company that deploys them. For Service Robotics, software revenues are considered, as service robots are mostly delivered with software solutions that have been implemented by the manufacturer.

Key players in the market include Kuka, ABB, Boston Dynamics, and Yaskawa Electric Corporation.

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Analyst Opinion

The Robotics market in Japan has been experiencing a decline, with negligible growth due to factors such as slow adoption of digital technologies, limited awareness among consumers, and challenges in implementing online services. This trend is mainly driven by the sub-markets of Industrial and Service robotics.

Customer preferences: In recent years, there has been a growing interest in robotic solutions for household tasks and caregiving in Japan. This can be attributed to the country's aging population and the increasing need for assistance in daily living. With a cultural emphasis on respect and care for the elderly, there has been a shift towards using robots as companions and helpers to support aging individuals. Additionally, the integration of advanced artificial intelligence and voice recognition technology in these robots has made them more user-friendly and appealing to consumers.

Trends in the market: In Japan, the Robotics Market is experiencing a surge in demand for collaborative robots, or "cobots," as they offer increased safety and flexibility in manufacturing processes. This trend is expected to continue as companies seek to improve efficiency and reduce costs. Additionally, there is a growing emphasis on the integration of AI and IoT technologies in robotics, allowing for more advanced and autonomous capabilities. This trend has significant implications for industry stakeholders, as it opens up new opportunities for collaboration and innovation. However, it also raises concerns about potential job displacement and the need for upskilling in this rapidly evolving field.

Local special circumstances: In Japan, the Robotics Market is thriving due to the country's advanced technological capabilities and strong government support for automation and robotics. The aging population and labor shortage have also contributed to the demand for robotic solutions in various industries, such as manufacturing and healthcare. Additionally, Japan's unique culture of embracing technology and innovation has fostered a favorable environment for the growth of the robotics market. Furthermore, the country's strict regulations on safety and quality standards have ensured the reliability and credibility of Japanese-made robots, making them highly sought after in the global market.

Underlying macroeconomic factors: The growth of the Robotics Market in Japan is largely influenced by macroeconomic factors such as technological advancements, government support, and investment in research and development. Japan's strong technological infrastructure and government initiatives promoting the adoption of robotics in various industries have created a conducive environment for market growth. Furthermore, the country's aging population and shortage of skilled labor have also increased the demand for automation and robotics solutions, further driving market growth.

Methodology

Data coverage:

The data encompasses B2B and B2C revenues. Figures are based on the country’s demand for robotics in manufacturer prices.

Modeling approach / Market size:

Market sizes are determined through a regional bottom-up approach, and further detailed by a top-down rationale for each market segment. As a basis for evaluating markets, we use trade data of the respective economic sector. Furthermore, we use relevant key market indicators such as level of automation and digitization or the economy composition to estimate each country's specialization in demand and supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques but primarly exponential smoothing. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.