The Japanese nanotechnology market was worth $33 billion in 2005 and is expected to increase to more than $310 billion by 2030. Japan is leading the world in nanotechnology by fostering collaboration between companies and universities or research centres. This was underlined by the National University Corporation Law (2004) which freed Japanese universities from excessive governmental control and created the status of ‘National University Corporations’ that exist within the government structure but have administrative independency. Find out more about Japan’s nanotechnology industry below.
Nanotechnology has been one of the strongest drivers of technological and industrial development in the 21st century. Japan has consistently been a world leader in this field, and Japanese researchers are pioneering further developments in nanotechnology by fostering collaboration between companies and universities or research centres.
Nanotechnology related to electronics, environment/energy, materials and bio/life sciences is in high demand in Japan, especially focusing on medical devices and pharmaceuticals (because of Japan’s rapidly ageing society) and on environmental care and renewable energies. The high number of patents and publications indicates the healthy state of this sector. In general, the country is an attractive place to invest in nanotechnology.
The total size of the Japanese nanotechnology sector was 29.6 billion euros in 2010 and is projected to grow extensively in the future, reaching 94.4 billion euros by 2020 and should be worth 188.9 billion euros by 2030. In addition, the Japanese government has established platforms for the development of nanotechnology. These include nanotechnology clusters around Japan formed by R&D institutes, Universities and companies involved in the field. The platform consists of 25 Universities and Research Institutes, which can be utilised by domestic and international companies seeking for high quality equipment and staff to perform research and development.
Reference: EU BUSINESS IN JAPAN