Key Findings
The Japan machine vision market is set to record a CAGR of 8.49% during the forecast period, 2021-2026. The enhanced production capabilities have resulted in industries investing in robotic systems.
Market Insights
Japan is an eminent player in the production of robots and factory automation systems. For instance, 5 out of the top 10 producers of robots & factory automation systems are Japanese. Also, they constitute 30% of the market globally. In addition, the market prospects are attributed to the technological leadership in manufacturing. Besides, automation companies are thriving, given the rising demand for their products.
Further, Japan is considered a leader in deploying robotics and automation in production processes with highly developed robotic sectors and automation technologies. Also, as per the latest IFR report of 2020, the country ranks second globally with 49.9 thousand annual installation industrial robots. Moreover, enhanced financial stability, the growing demand for consumer goods, and favorable government initiatives contribute to market growth. With consumers shifting to online purchases, the warehouses and parcel delivery companies face huge demands, particularly with a rising labor shortage. As a result, companies are investing in logistics robots and automation. Such factors facilitate growth opportunities.
Competitive Insights
Japan Computer Vision Corporation, Visco Technologies Corporation, Keyence Corporation, Machine Vision Lighting Inc, Linx Corporation, etc., are among the leading market players.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments