The value of the factory digitalization market in Japan amounted to 1.7 trillion Japanese yen in fiscal year 2022. The market was expected to grow further in the coming years and to reach a value of more than 1.8 trillion yen by fiscal year 2027. The source pointed out that cyber-physical systems (CPS) and digital twins are increasingly attracting attention due to the availability of data accumulated via the Internet of Things (IoT) and cloud services, which made it likely that an increasing number of manufacturing companies would shift their business models from product sales to providing services via CPS and digital twins.
Value of the factory digitalization market in Japan from fiscal year 2020 to 2027
(in trillion Japanese yen)
Characteristic
Market size in trillion Japanese yen
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fiscal year 2020 to 2022; the Japanese fiscal year starts on April 1 of the stated year and ends on March 31 of the following year
Special properties
based on order placement value at user companies
Supplementary notes
*Forecast.
The factory digitalization market in this research targets hardware, software, platform (cloud) usage fee, electrical work (electric facilities, communication facilities), consulting for system integration, supporting of services, maintenance support, staff dispatching, etc. Equipment and appliances that user companies themselves have procured for organizing their in-house systems are not included.
100 Japanese yen equal 0.64 U.S. dollars or 0.59 euros as of June 2024.
Values have been rounded.
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Yano Research. (April 26, 2023). Value of the factory digitalization market in Japan from fiscal year 2020 to 2027 (in trillion Japanese yen) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1257426/japan-factory-digitization-market-size/
Yano Research. "Value of the factory digitalization market in Japan from fiscal year 2020 to 2027 (in trillion Japanese yen)." Chart. April 26, 2023. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1257426/japan-factory-digitization-market-size/
Yano Research. (2023). Value of the factory digitalization market in Japan from fiscal year 2020 to 2027 (in trillion Japanese yen). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1257426/japan-factory-digitization-market-size/
Yano Research. "Value of The Factory Digitalization Market in Japan from Fiscal Year 2020 to 2027 (in Trillion Japanese Yen)." Statista, Statista Inc., 26 Apr 2023, https://www.statista.com/statistics/1257426/japan-factory-digitization-market-size/
Yano Research, Value of the factory digitalization market in Japan from fiscal year 2020 to 2027 (in trillion Japanese yen) Statista, https://www.statista.com/statistics/1257426/japan-factory-digitization-market-size/ (last visited August 25, 2024)
Value of the factory digitalization market in Japan from fiscal year 2020 to 2027 (in trillion Japanese yen) [Graph], Yano Research, April 26, 2023. [Online]. Available: https://www.statista.com/statistics/1257426/japan-factory-digitization-market-size/