Japan Smart Cities Emerging Technology Market In-Depth Study, Business Overview and Regional Forecast 2022-2027

The Global Japan Emerging Technologies in Smart City Market is expected to grow from US$9,968.3 million in 2021 to US$22,750.0 million by the end of 2027 at a compound annual growth rate (CAGR) of 14.7%.

Astute Analytica compiled this research report after gathering input from various industry experts. The market has been studied using various research tools that focus on market determinants along with other widely studied market elements. Market size and market estimation are some of the key elements considered in the research report. Market analysis consists of a combination of quantitative and qualitative market analysis of data using various statistical tools.

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Growth Influencers:

Increased number of government initiatives and PPP models for smart cities

Various government initiatives as well as public-private partnerships are driving the growth of the market. For example, in July 2021, Mishima City signed an agreement with Oracle Japan for various smart city initiatives. These initiatives are expected to benefit local businesses and citizens by solving various key social issues using digital technology. For example, Japan has seen a need for further reforms to address many regional issues and a need to enhance attractiveness to potential immigrants and tourists. To address this issue, the country launched the Mishima Smart City Promotion Council in 2020 to promote the use of data held by private organizations and local government.

Growing need for public safety and communications infrastructure

The successful launch of smart city projects largely depends on the telecommunications infrastructure and its use in public safety. All cities are required to ensure that communication platforms are established and accessible to realize the concept of smart cities in a resource efficient and open manner. The requirement of a basic and modern infrastructure for data communication is necessary for a city to become smart. Hence, the growing need for public safety and communication infrastructure is estimated to drive the growth of the market.

Presentation of the segments:

Japan’s emerging technologies in the smart city market are segmented into technology, deployment, and application.

By technology

  • Internet of Things (IoT)
  • Satellite network
  • Cellular network
  • Radio frequency identification
  • Near field communication
  • Wireless
  • Artificial Intelligence (AI)
  • Deep machine learning
  • artificial neural network
  • Speech Recognition
  • Pattern recognition
  • natural language processing
  • Context sensitive processing
  • Other AI technologies
  • cloud computing
  • High performance computing
  • Edge Computing
  • Big data analytics
  • quantum computing
  • Other technologies

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Internet of Things (IoT) is expected to hold the largest market share of around 34% owing to its growing adoption as it enables innovation by integrating the Internet into various functions. Within this segment, the Radio Frequency Identification segment is estimated to surpass a market size of approximately USD 986.1 million by 2027. The cloud computing segment is expected to experience the highest growth rate. 15.8% faster due to various technological advancements.

Per deployment

The cloud segment held the largest market share owing to its profitability which has various applications in areas such as smart governance, smart utilities, smart transportation, and smart construction.

By app

  • Smart transportation
  • Parking management
  • Ticketing and travel management
  • traffic management
  • Passenger Information Management System
  • Cargo Information System
  • Other intelligent transport systems
  • Smart utilities
  • Energy management
  • Advanced measurement infrastructure
  • Smart Grid
  • Water Management
  • distribution management
  • Other Smart Utilities
  • Smart governance
  • Electronic governance solutions
  • Smart public safety
  • Law enforcement
  • Town planning
  • Other governance services
  • Smart home and building
  • building automation system
  • Energy management systems
  • Parking management system
  • Emergency management system
  • Other smart building systems
  • Smart citizen service
  • smart education
  • Smart Healthcare
  • Emergency response system
  • CCTV system
  • Assisted Living Solution
  • Other citizen services
  • Smart mobility
  • Electric vehicle charging
  • Tunnel management
  • Toll management
  • Other mobility solutions
  • Other Apps

The smart citizen services segment held the largest market share of around 21% due to various technological advancements to keep citizens safe. In the smart utility segment, advanced metering infrastructure is expected to grow at a CAGR of 15.9%. In the smart governance segment, the law enforcement segment is expected to surpass a market size of $1,263.6 million by 2027.

Competitive landscape:

Major players operating in the Japan smart city emerging technologies market include ABB Ltd., Accenture Plc, Alphabet Inc., AT&T, Cisco Systems Inc., Ericsson, Foxconn Electronics Inc., Fujitsu Ltd., Hitachi, General Electric Company , Honeywell, IBM Corporation, Huawei Technologies, INTEL Corporation, LG Electronics Inc., Microsoft Corp., Oracle Corp., Qualcomm Technologies Inc., Schneider Electric SE, Siemens AG, and Toshiba Corporation, among others.

The approximate market share of the top five players is close to around 35%. These market players are involved in new product launches, partnerships, mergers and acquisitions to strengthen their presence in the market. For example, in May 2021, ABB Robotics advanced the automation of its construction industry enabling sustainable and safer buildings.

The Japan Emerging Technologies in Smart Cities market report provides insights into the pointers below:

  • Market Penetration: Provides comprehensive market insights offered by major players
  • Market Development: The report offers detailed information on lucrative emerging markets and analyzes penetration in mature segments of the markets.
  • Market Diversification: Provides detailed information on untapped geographies, recent developments and investments
  • Competitive Landscape Assessment: Mergers & Acquisitions, Certifications, Product Launches in the Japanese Smart City Emerging Technology Market have been provided in this research report. In addition, the report also emphasizes on the SWOT analysis of key players.
  • Product Development and Innovation: The report provides smart insights into future technologies, R&D activities and breakthrough product developments

The Japan Emerging Technologies in Smart Cities Market report answers questions such as:

  • What is the market size and forecast of the Japan emerging technologies in smart cities market?
  • What are the inhibiting factors and impact of COVID-19 on the Japan Smart Cities Emerging Technology Market over the assessment period?
  • What are the products/segments/applications/areas to invest in during the assessment period in Japan Smart City Emerging Technology Market?
  • What is the competitive strategic window for opportunities in the Japan Emerging Technologies in Smart Cities Market?
  • What are the technology trends and regulatory frameworks in the Japan Emerging Technologies in Smart Cities Market?
  • What is the market share of the major players in the Japan Smart Cities Emerging Technology Market?
  • What modes and strategic moves are considered favorable for entering the Japan Smart City Emerging Technology Market?

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