Industrial Robotics Market in Japan

Japan Industrial Robotics Market

Japan is one of the leading producers of electric vehicles globally. The introduction of fully electric and hybrid vehicles in the upcoming years is expected to stimulate the industrial robotics market due to new assembly line processes. Competition from global manufacturers in China and South Korea has resulted in declining consumer electronics products. However, there is anticipated high demand for electronic components, such as sensors and displays, in the export market. With FANUC (Japan) and Yaskawa (Japan) as top players in the industrial robotics market, steady growth is expected in Japan. There is significant potential for automation due to its aging population. The increasing labor cost from the aging population drives demand for industrial robots.

Government-Led Initiatives

The Japanese government sees industrial robotics as a strategic sector that would play a critical role in stimulating economic growth and competitiveness for the country in the world market. The government has devised several initiatives to enhance its development and use in this connection. The Japanese government created schemes, such as the "Robot Revolution Initiative," which the government instituted in 2015. Under this scheme, the government finances companies and research organizations involved in conducting research, development, and commercializing robotics.

Japan Industrial Robotics Market

Investment and Funding Scenario

Massive amounts were provided to significant areas, such as manufacturing, at USD 77.8 million; nursing and medical, at USD 55 million; infrastructure, at USD 643.2 million; and agriculture, at USD 66.2 million. For manufacturing and services, the action plan includes projects including autonomous driving and advanced air mobility, as well as creating integrated technologies that will constitute the base of next-generation AI and robots. On top of this, there is also an appropriation of USD 440 million on robotics-related projects from 2020 to 2025 as part of the "Moonshot Research and Development Program."

Challenges for the Industrial Robotics Market in Japan

The industrial robotics market in Japan faces many significant challenges that could hinder its growth. It is costly to purchase and integrate high-tech robotic systems, especially for SMEs that lack the financial strength to undertake such investments. The technology is also complex and requires technical knowledge in setting up and maintaining which may be a limiting factor in the adoption rates. The slow pace of transformation in some sectors also hampers the integration of robotics into these sectors because companies tend to be unwilling to disrupt the status quo. Not only does Japan's elderly population create demand for automation, but it also reduces its workforce, which makes it increasingly challenging to find skilled staff to run such complex machinery. The harsh regulatory environment, with its substantial compliance requirements, further retards the implementation of new technologies. The continuous supply chain disruptions affect the availability of critical components needed to produce robots in this market.

Related Report

Industrial Robotics Market by Robot (Articulated, SCARA, Cartesian, Parallel, Cylindrical, Collaborative), Payload (up to 16 kg, >16 to 60 kg, >60 to 225 kg, >225 kg), Offering (End Effectors, Controllers, Drive Units, Sensors) - Global Forecast to 2029

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Industrial Robotics Market Size,  Share & Growth Report
Report Code
SE 2733
RI Published ON
12/12/2024
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