Japan Internet of Things Market Assessment, By Component (Hardware, Software, Services), By Application (Smart Home, Smart Cities, Smart Wearables, Smart Agriculture, Smart Vehicles, Smart Healthcare, Smart Enterprise Solutions, Others), By Distribution Channel (Online, Offline), By End-user (IT & Telecom, Automotive & Transportation, BFSI, Retail, Healthcare, Government, Energy & Utilities, Others), By Region, Opportunities and Forecast, FY2017-FY2031

Japan Internet of Things Market size is valued at USD 11.71 billion in FY2023, expected to reach USD 50.08 billion in FY2031 with a CAGR of 19.92% for the forecast period between FY2024 and FY2031.

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Japan Internet of Things Market size is valued at USD 11.71 billion in FY2023, expected to reach USD 50.08 billion in FY2031 with a CAGR of 19.92% for the forecast period between FY2024 and FY2031. Japan has a highly developed economy and a booming telecommunication sector. Japan's preoccupation with robotics and other cutting-edge technologies is embodied in its development of the Internet of Things, which also represents a practical strategy for dealing with its ageing population by lowering the cost of human resources. IoT applications started slowly with minimal hype in Japan. In Japan, there are more than 3.17 million unique SIM card IoT subscriptions. More than 1.5 million people utilize NTT DoCoMo, mostly in logistical support, remote metering, remote payment (including vending machines), surveillance, and transportation.

Conversely, KDDI has concentrated on high-speed, large-capacity IoT communications from the very beginning and has amassed more than one million users in the transportation and logistics sectors through in-vehicle, small-scale, lightweight, and inexpensive IoT communications services.

Telecommunication Industry Boosting Japan Internet of Things (IoT) Market

The telecommunication industry plays a significant role in boosting the Japan Internet of Things (IoT) market. Telecom companies provide the essential infrastructure and connectivity for IoT devices to communicate and exchange data seamlessly. Telecom operators offer IoT-specific SIM cards and connectivity plans for machine-to-machine (M2M) communication. These SIM solutions enable seamless communication between IoT devices and the cloud, providing a reliable and secure connection for transmitting data. Telecom operators in Japan have been actively deploying advanced networks like 5G, which offer higher data transfer speeds, lower latency, and improved network capacity. These features are crucial for supporting the massive number of IoT devices expected to be connected. The enhanced connectivity of 5G facilitates real-time data transmission and enables the implementation of IoT applications that demand high bandwidth.

For instance, in May 2022, SoftBank Corp. announced the launch of a nationwide deployment of MEC servers in Japan and the opening of a 5G MEC (Multi-access Edge Computing) facility in the Kanto region. SoftBank 5G MEC provides a low-latency, high-quality (low-jitter), and highly secure service experience using 5G SA (5G Stand Alone) commercial services. By encouraging the IoT deployment of various businesses to achieve digital transformation, SoftBank is expected to advance the industry as a digital platform provider in near 5G future.

Semiconductor to Propel the Demand

Semiconductor IoT deployment in Japan is critical to the country's efforts to embrace the Internet of Things (IoT) and advance its technological capabilities. Semiconductors are the foundation of IoT devices, enabling connectivity, data processing, and communication between various intelligent objects. Japanese semiconductor companies are at the forefront of producing IoT-specific chips and sensors. These components are vital for capturing data from the physical world and transmitting it to IoT platforms for further analysis and decision-making. IoT sensors are crucial in various applications, including industrial automation, smart cities, healthcare monitoring, and consumer electronics.

For instance, in January 2022, Cybertrust Japan Co., Ltd., SB Technology Corp., and Qualcomm Technologies, Inc. announced to collaborate supporting the deployment of smart solutions through the Qualcomm IoT Services Suite offering. This will initially assist businesses and entities looking to adopt and integrate smart solutions in Japan, with plans to expand globally in the future. Through this partnership, the organizations hope to explore projects with Qualcomm Smart Cities Accelerator Program ecosystem participants and create smart solutions for use cases involving smart campuses, smart parking, smart energy-management, smart security, smart manufacturing, and other scenarios. In an effort to hasten the adoption of smart solutions across various industries, the three companies are combining best-in-class technologies to implement to various sectors.

Manufacturing Autonomous Vehicles Contributing Major Growth

Autonomous vehicles are a significant aspect of IoT deployment in Japan, as they combine cutting-edge technologies to create smart, self-driving transportation systems. Integrating autonomous vehicles into the IoT ecosystem in Japan involves various components and collaborations, driving advancements in the automotive industry. Autonomous vehicles heavily rely on IoT technologies for communication and data exchange. These vehicles are equipped with many sensors, cameras, LiDAR, and other IoT devices to gather real-time data about the surroundings, road conditions, and traffic. The data collected is then processed and analyzed to make informed decisions, enabling the vehicle to navigate autonomously.

For instance, in May 2023, Fukui launched Japan’s first autonomous level 4 driving in Eiheiji as smart transportation. A seven-seater electric cart created by the National Institute of Advanced Industrial Science and Technology and others operates over a part of a walking trail covering about 2 kilometres in Eiheiji, where level 4 autonomous driving was permitted for the first time in the country. One person in charge of remote monitoring controls up to three of these electric carts; there is no operator within the cart.

Government Initiatives

To stimulate the development of novel technologies and business models in Japan, the government of Japan developed the sandbox framework in 2018. Although the framework does not restrict the types of rules, it currently includes those that apply to the financial services, healthcare, mobility, and transportation sectors. Any company, including those from abroad, is eligible to apply to carry out demonstrations under this new framework and explore the potential of cutting-edge technologies like artificial intelligence (AI), the internet of things (IoT), or blockchain for future business, mainly if they are unable to launch new businesses using these technologies due to current Japanese regulations. Monitoring of the initiatives allows the government to assess the technology's social and economic feasibility.

Impact of COVID-19

COVID-19 pandemic significantly impacted various industries, including the IoT (Internet of Things) market in Japan. The pandemic accelerated the need for digital transformation across industries. Companies in Japan turned to IoT solutions to support remote work, monitor supply chains, enable contactless services, and ensure business continuity during lockdowns and restrictions. This increased demand for IoT devices and services to facilitate these transformations. The pandemic exposed vulnerabilities in global supply chains. To address this, businesses in Japan looked to IoT solutions for better supply chain visibility and optimization. IoT-enabled sensors and tracking devices helped monitor inventory levels, track shipments, and ensure smoother logistics operations.

Impact of Russia-Ukraine War

Geopolitical tensions and conflicts disrupted global supply chains, affecting the production and availability of IoT components and devices. Japan relies on international supply chains for semiconductor chips, sensors, and other IoT components. Disruptions to these supply chains impacted the availability and pricing of IoT products in Japan. In response to geopolitical risks, businesses in Japan reevaluate their supply chain strategies and consider diversifying their sourcing of IoT components and technologies to mitigate potential risks.

Japan Internet of Things Market: Report Scope

“Japan Internet of Things Market Assessment, Opportunities, and Forecast, FY2017-FY2031” is a comprehensive report by Markets & Data, providing an in-depth analysis and assessment of the current scenario of the Japan Internet of things market, industry dynamics and opportunities, and forecasts (FY2024-FY2031). Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute

Details

Base Year of the Analysis

FY2023

Historical Period

FY2017-FY2022

Forecast Period

FY2024-FY2031

Projected Growth Rate

CAGR of 19.92% between FY2024-FY2031

Revenue Forecast in FY2031

USD 50.08 billion

Units

Revenue in USD billion

Segments Covered

Component, Application, Distribution Channel, End-user 

Regions Covered

North, Central, South

Key Companies Profiled

Sony Corporation, Renesas Electronics Corporation, KDDI Corporation, Toshiba Corporation, NTT DATA Corporation, Apple Inc., Microsoft Corporation, Google Inc., Taiyo Yuden Co., Ltd., NEC Corporation

Customization Scope

15% free report customization with purchase

Pricing and Purchase Options

Avail the customized purchase options to fulfil your precise research needs

Delivery Format

PDF and Excel through email (subject to the license purchased)

In this report, Japan Internet of Things Market has been segmented into the following categories: 

1.       By Component

1.1.     Hardware

1.1.1.Sensors

1.1.2.Microcontrollers

1.1.3.Actuators

1.1.4.Others

1.2.     Software

1.2.1.Data Collection

1.2.2.Data Integration

1.2.3.Real-Time Analytics

1.2.4.Application and Process Extension

1.3.     Services

1.3.1.Professional Services

1.3.2.Managed Services

2.       By Application

2.1.    Smart Home

2.2.    Smart Cities

2.3.    Smart Wearables

2.4.    Smart Agriculture

2.5.    Smart Vehicles

2.6.    Smart Healthcare

2.7.    Smart Enterprise Solutions

2.8.    Others

3.       By Distribution Channel

3.1.    Online

3.2.    Offline

3.2.1.Authorized Distributor

3.2.2.3rd Party Vendor

3.2.3.Brand Stores

3.2.4.Others

4.       By End-user

4.1.    IT & Telecom

4.2.    Automotive & Transportation

4.3.    BFSI

4.4.    Retail

4.5.    Healthcare

4.6.    Government

4.7.    Energy & Utilities

4.8.    Others

5.       By Region

5.1.    North

5.2.    Central

5.3.    South

Key Players Landscape and Outlook

Japan Internet of Things Market is exceptionally competitive and remains highly concentrated. Market participants in the IoT market are attempting to increase their market share through various business methods such as collaborations, agreements, and acquisitions and mergers of multiple players across the value chain. Additionally, companies are paying close attention to device quality and efficient service and constantly developing new products to meet client demand.

For example, in October 2021, Sony Corporation launched AITRIOS edge AI sensing platform in Japan, US and Europe. AITRIOS provides partners with a variety of capabilities in addition to the IMX500 intelligent vision sensor that aid in the creation of solutions. Developers are manufacturing AI-driven sensing applications, module integrators of cameras that make AI cameras, and system integrators creating systems that integrate these AI cameras and sensing applications are all examples of platform partners. Image sensors collect a lot of data when compared to other IoT devices, and the challenge of managing such a big number of data has been a barrier to entry for partners.

Key Players Operating in Japan Internet of Things Market are:

·         Sony Corporation

·         Renesas Electronics Corporation

·         KDDI Corporation

·         Toshiba Corporation

·         NTT DATA Corporation

·         Apple Inc.

·         Microsoft Corporation

·         Google Inc.

·         Taiyo Yuden Co., Ltd.

·         NEC Corporation

If you need help finding what you're searching for or have any custom requirements for Japan Internet of Things Market, you may approach our team at info@marketsandata.com.

Table of Contents

1.       Research Methodology

2.       Project Scope & Definitions

3.       Impact of COVID-19 on Japan Internet of Things Market

4.       Impact of Russia-Ukraine War

5.       Executive Summary

6.       Voice of Customer

6.1.    Demographics (Age, Geography, Income, etc.)

6.2.    Market Awareness and Product Information

6.3.    Brand Awareness and Loyalty

6.4.    Factors Considered in Purchase Decision

6.4.1.Brand Loyalty

6.4.2.Pricing

6.4.3.Customisation Options

6.4.4.Offers & Discounts

6.5.    Purpose of Purchase

6.6.    Frequency of Purchase

6.7.    Medium of Purchase

6.8.    Role of Brand Ambassador or Influencer Marketing on Product/Brand Absorption

7.       Japan Internet of Things Market Outlook, FY2017-FY2031

7.1.    Market Size & Forecast

7.1.1.By Value

7.2.    By Component

7.2.1. Hardware

7.2.1.1.              Sensors

7.2.1.2.              Microcontrollers

7.2.1.3.              Actuators

7.2.1.4.              Others

7.2.2. Software

7.2.2.1.              Data Collection

7.2.2.2.              Data Integration

7.2.2.3.              Real-Time Analytics

7.2.2.4.              Application and Process Extension

7.2.3. Services

7.2.3.1.              Professional Services

7.2.3.2.              Managed Services

7.3.    By Application

7.3.1.Smart Home

7.3.2.Smart Cities

7.3.3.Smart Wearables

7.3.4.Smart Agriculture

7.3.5.Smart Vehicles

7.3.6.Smart Healthcare

7.3.7.Smart Enterprise Solutions

7.3.8.Others

7.4.    By Distribution Channel

7.4.1.Online

7.4.2.Offline

7.4.2.1.              Authorized Distributor

7.4.2.2.              3rd Party Vendor

7.4.2.3.              Brand Stores

7.4.2.4.              Others

7.5.    By End-user

7.5.1.IT & Telecom

7.5.2.Automotive & Transportation

7.5.3.BFSI

7.5.4.Retail

7.5.5.Healthcare

7.5.6.Government

7.5.7.Energy & Utilities

7.5.8.Others

7.6.    By Region

7.6.1.North

7.6.2.Central

7.6.3.South

7.7.    By Company Market Share (%), FY2023

8.       Market Mapping, FY2023

8.1.    By Component

8.2.    By Application

8.3.    By Distribution Channel

8.4.    By End-user

8.5.    By Region

9.       Macro Environment and Industry Structure

9.1.    Supply Demand Analysis

9.2.    Import Export Analysis

9.3.    Value Chain Analysis

9.4.    PESTEL Analysis

9.4.1.Political Factors

9.4.2.Economic System

9.4.3.Social Implications

9.4.4.Technological Advancements

9.4.5.Environmental Impacts

9.4.6.Legal Compliances and Regulatory Policies (Statutory Bodies Included)

9.5.    Porter’s Five Forces Analysis

9.5.1.Supplier Power

9.5.2.Buyer Power

9.5.3.Substitution Threat

9.5.4.Threat from New Entrant

9.5.5.Competitive Rivalry

10.   Market Dynamics

10.1.                     Growth Drivers

10.2.                     Growth Inhibitors (Challenges and Restraints)

11.   Key Players Landscape

11.1.                     Competition Matrix of Top Five Market Leaders

11.2.                     Market Revenue Analysis of Top Five Market Leaders (in %, FY2023)

11.3.                     Mergers and Acquisitions/Joint Ventures (If Applicable)

11.4.                     SWOT Analysis (For Five Market Players)

11.5.                     Patent Analysis (If Applicable)

12.   Pricing Analysis

13.   Case Studies

14.   Key Players Outlook

14.1.                     Sony Corporation

14.1.1.    Company Details

14.1.2.    Key Management Personnel

14.1.3.    Products & Services

14.1.4.    Financials (As reported)

14.1.5.    Key Market Focus & Geographical Presence

14.1.6.    Recent Developments

14.2.                     Renesas Electronics Corporation

14.3.                     KDDI Corporation

14.4.                     Toshiba Corporation

14.5.                     NTT DATA Corporation

14.6.                     Apple Inc.

14.7.                     Microsoft Corporation

14.8.                     Google Inc.

14.9.                     Taiyo Yuden Co., Ltd.

14.10.                  NEC Corporation

*Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work

15.   Strategic Recommendations

16.   About Us & Disclaimer

List of Figures: Japan Internet of Things Market 

Figure 1. Japan IoT Market, By Value, In USD Billion, FY2017-FY2031F

Figure 2. Japan IoT Market Share, By Component, In USD Billion, FY2017-FY2031F

Figure 3. Japan IoT Market Share, By Application, In USD Billion, FY2017-FY2031F

Figure 4. Japan IoT Market Share, By Distribution Channel, In USD Billion, FY2017-FY2031F

Figure 5. Japan IoT Market Share, By End-User, In USD Billion, FY2017-FY2031F

Figure 6. Japan IoT Market Share, By Region, In USD Billion, FY2017-FY2031F

Figure 7. By Component Map-Market Size (USD Billion) & Growth Rate (%), FY2023

Figure 8. By Application Map-Market Size (USD Billion) & Growth Rate (%), FY2023

Figure 9. By Distribution Channel Map-Market Size (USD Billion) & Growth Rate (%), FY2023

Figure 10. By End-User Industry Map-Market Size (USD Billion) & Growth Rate (%), FY2023

Figure 11. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2023 

List of Tables: Japan Internet of Things Market 

Table 1. Pricing Analysis of Products from Key Players

Table 2. Competition Matrix of Top 5 Market Leaders

Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)

Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

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