The value of Internet of Things (IoT) technology for factories in Japan was estimated at 636.2 billion Japanese yen in fiscal year 2021. The market encompasses production equipment, control systems, monitoring systems, as well as manufacturing execution systems. It was projected to increase strongly in the coming years and to reach a value of more than one trillion yen by fiscal year 2027.
Forecast value of Internet of Things (IoT) technology for factories in Japan from fiscal year 2021 to 2027
(in billion Japanese yen)
fiscal year 2021; the Japanese fiscal year starts on April 1 of the stated year and ends on March 31 of the following year
Supplementary notes
*Forecast.
The factory IoT market consists of the following four elements: 1)
production equipment, such as devices like sensors and monitors that are used within the factory;
2) control systems, such as controllers that control and manage the aforementioned devices;
3) monitoring systems that gather data from control systems and monitor devices;
4) manufacturing execution systems that, based on the data, grasp the state of the equipment and of the goods in process, and issues instructions for schedule management and operators.
100 Japanese yen equal 0.74 U.S. dollars or 0.70 euros as of December 2022.
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Nomura Research Institute. (December 17, 2021). Forecast value of Internet of Things (IoT) technology for factories in Japan from fiscal year 2021 to 2027 (in billion Japanese yen) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1244794/japan-factory-iot-market-size/
Nomura Research Institute. "Forecast value of Internet of Things (IoT) technology for factories in Japan from fiscal year 2021 to 2027 (in billion Japanese yen)." Chart. December 17, 2021. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1244794/japan-factory-iot-market-size/
Nomura Research Institute. (2021). Forecast value of Internet of Things (IoT) technology for factories in Japan from fiscal year 2021 to 2027 (in billion Japanese yen). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1244794/japan-factory-iot-market-size/
Nomura Research Institute. "Forecast Value of Internet of Things (Iot) Technology for Factories in Japan from Fiscal Year 2021 to 2027 (in Billion Japanese Yen)." Statista, Statista Inc., 17 Dec 2021, https://www.statista.com/statistics/1244794/japan-factory-iot-market-size/
Nomura Research Institute, Forecast value of Internet of Things (IoT) technology for factories in Japan from fiscal year 2021 to 2027 (in billion Japanese yen) Statista, https://www.statista.com/statistics/1244794/japan-factory-iot-market-size/ (last visited November 21, 2024)
Forecast value of Internet of Things (IoT) technology for factories in Japan from fiscal year 2021 to 2027 (in billion Japanese yen) [Graph], Nomura Research Institute, December 17, 2021. [Online]. Available: https://www.statista.com/statistics/1244794/japan-factory-iot-market-size/
