- The key vendors in the IC market in Japan 2015-2019 are Toshiba, Renesas Electronics, Sony Semiconductor and Fujitsu.
London, 06 October 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the IC market in Japan 2015-2019. Because Japan is an automotive and consumer electronics’ key market around the globe, demand for improved ICs in the Japanese market is also expected to rise with the growing market presence of the IoT. The trend of the IoT will be relevant in the future, its acute technological requirements would require sophisticated ICs for high powered performance. The IC market in Japan is expected to decline with a CAGR of -1.93% during 2014-2019.
Increasing shipments of smartphones and tablets in Japan are a result of improved demand from consumers for better powered smartphones with advanced technology, following the global trend. This has increased mobile Internet users, thereby generating demand for ICs for their respective production.
“The emergence of automated consumer goods, including smart ACs, smart TVs with added functionalities that require specialized ICs, hi-tech kitchen appliances like electronic cookers, and color-changing smart LED lights, is expected to increase IC consumption in electronic devices,” says Faisal Ghaus, Vice President of Technavio Research.
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the IC Market in Japan 2015-2019, please send an e-mail to media@TechNavio.com
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