PUBLISHER: Inkwood Research | PRODUCT CODE: 1139200
PUBLISHER: Inkwood Research | PRODUCT CODE: 1139200
The Japan embedded systems market is forecasted to grow with a CAGR of 5.35% during the forecasted years. The market growth of the country is driven by key factors such as the increasing demand for consumer electronic products for applications in smart offices and smart homes, as well as the surging need for imaging devices. While the base year considered for the market studied is 2021, the forecasting period is from 2022 to 2028.
An embedded system entails a combination of computer software and hardware. The system requires the installation of software on a hardware platform constituting a microcontroller or microprocessor. Embedded systems' hardware includes units such as memory, display, user interface, input/output interfaces, and others.
Although Japan is a technologically-developed country, over recent years, several major Japanese players, including Sharp, Panasonic, and Sony, have witnessed a downfall within the consumer electronics segment. However, the demand for consumer electronic products in the country for applications in smart homes as well as smart offices is on the rise. This factor is anticipated to have a significant impact on the growth of the embedded systems market in Japan. Some of the products anticipated to observe notable demand over the upcoming years include dishwashers, washing machines, air conditioners, refrigerators, and others. As a result, these factors are set to play an integral role in propelling the Japan embedded systems market growth during the forecast period.
Key players operating in the market are: Fujitsu Limited, ROHM Co Ltd, etc.