From 2022 to 2027, Japanese Industrial Robotics Sector is Expected to Grow at 45.5% CAGR

by IS_Indust

The recent research report indicated that the Japanese Industrial Robotics Industry is likely to surge at 45.5% CAGR from 2022 to 2027, by Industry (Automotive, Food & Beverages), component, Payload , Application( Handling and Processing), type (Traditional, collaborative robots), and Region(North America, APAC, Europe, RoW)- Global Forecast to 2027.

Japan is the country having the highest number of senior citizens in the world in terms of population ratio. The rise in number of senior populations has led to a steady increase in the demand for robots in several applications.

Regardless of the drop in its consumer products due to heavy competition from neighbours South Korea and China, the demand for electronic components such as sensors and displays in the export market is expected to be high. Japan’s global industrial robots’ industry is expected to grow steadily, with FANUC (Japan) and Yaskawa (Japan) as the top players in the industrial robotics market.

According to the findings from the Population division of the UN department of Economic and social Affairs, Japan’s population will fall below 100 million after the mid of 21st century.

With this rate, Japan is estimated to lose 34% of its current population by the end of the century. Japan was the fourth-largest manufacturer of commercial vehicles in 2018, according to the International Organization of Motor Vehicle Manufacturers. It also has one of the largest electronics manufacturing industries in the world, with strong government policies to promote robotics; for example, it provides accelerated depreciation on new equipment.

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