Japan Semiconductor Device Companies (2024 - 2029)

Japan Semiconductor Device Market For Industrial Applications Companies Summary

The Japanese semiconductor device market for industrial applications is showing promising growth due to increasing applications for power. These semiconductors are crucial for the uninterruptible power supply, which is used to protect various hardware like computers and telecommunication equipment. The demand for these semiconductors is driven primarily by the country's electronic products industry, which is one of the world's largest. The automotive industry also contributes significantly to the overall demand for semiconductors in Japan, especially with the industry's shift towards hybrid and electric vehicles. Furthermore, the increasing installation of robots and the growth of the industrial robot market in Japan are creating a positive outlook for the semiconductor market. Research and development activities continue to rise in the region, fostering product innovation. For instance, a new joint international semiconductor research hub was recently launched. The Japanese government has also approved a plan to strengthen the manufacturing sector further, targeting significant development. The outbreak of COVID-19 disrupted the supply chain and production, but the government is taking stringent measures to revive its industries and reduce production dependency on geographical constraints.