For many decades, Japan’s electronics industry was the richest and most innovative sector in the global electronics market. However recent evidence suggests that Japanese companies are losing their traditional advantage over their rivals and have become reluctant to implement the changes and hard choices required to remain competitive in the global market. Find out more about Japan’s electronics sector below.
The Japanese electronics market is well-established and holds a global reputation for excellence and innovations. However, domestic firms are facing increasing challenges in terms of internationalization and shifting production and service trends. An increase in activity by foreign companies in the Japanese market has also signalled significant change in certain sectors such as smartphone manufacturing.
Despite the fact that the global robotics industry grew by 12% in 2013 alone and has being growing in recent years, within the same time period the Japanese robotics sector has been in steady decline in terms of the number of robots.
However, Prime Minister Shinzo Abe has pledged to make robots a key pillar of his growth strategy, and aims to triple the domestic market for robots to ¥2.4 trillion by 2020. Furthermore, Japanese technology giants including Panasonic, Toshiba and Sharp are working on a variety of robotics projects, including robotic suits, sign language-capable robots and multilingual cleaning robots.
The global semiconductor industry has been experiencing declining growth rates for the past few years, and established European and Japanese companies are experiencing increased competition from new Asian and American semiconductor manufacturers. However, Japanese electronic components companies have recently begun to benefit from the weak yen and as a result this sector is expected to experience increased sales and growth in the coming years. Please read on to find out more about the Japanese semiconductor sector.
Reference: EU BUSINESS IN JAPAN