The Japan Emerging Technologies in Smart Cities Market is projected to make a major leap forward in its revenue from US$ 9,968.3 Mn in 2021 to US$ 22,750 Mn by 2027. The market is registering a CAGR of 14.7% over the forecast period 2022-2027. A smart city uses different types of electronic methods, voice activation methods, and sensors to collect specific data. It includes data collected from citizens, devices, buildings, and assets which are processed and analyzed to monitor and manage traffic and transportation systems, power plants, utilities, water supply networks, waste, crime detection, information systems, schools, libraries, hospitals, and other community services. Smart city technology has been widely adopted in recent years to improve public safety which can range from monitoring areas of high crime rates to improving emergency preparedness with sensors and many more. 

The growing impetus of the market is attributed to the rising need for public safety & communication infrastructure, an increasing number of government initiatives, and PPP models for smart cities. AI and IoT-driven technologies are being used in smart cities to maintain a healthier environment, improve public transportation, and improve safety. In May 2020, the Super City Law was enacted in Japan. This new law aims to improve the collaboration between the public and private sectors for the digital transformation of cities. Cities selected as Super Cities will deploy AI and big data in medical care, education, energy, crime prevention, and transportation, including the development and use of autonomous vehicles. Further, Japan’s national vision for a data-driven, human-centric, next-generation society that uses AI, big data, and IoT is known as Society 5.0, which will provide appropriate solutions using such technology. Moreover, private companies in Japan are also propelling market growth. For instance, Panasonic was one of the first companies that successfully built a smart city in Japan in Kanagawa Prefecture. In addition, increasing environmental concerns and demand for green initiatives are emerging opportunities for market expansion. However, the privacy and security concerns over the Internet of Things (IoT) are a restraint for market growth. 

Report Summary

The study of the Japan Emerging Technologies in Smart Cities Market considers various market determinants, industry value chain analysis, and competitor analysis of the market. The report discusses the analysis of emerging technologies in the smart cities market for the period 2017-2027, where the base year is 2021 and the forecast period is 2022-2027. The report provides a detailed analysis of the Japan Emerging Technologies in Smart Cities Market across 8 Chapters and 98 pages. The report includes data presentation across 16 tables and 25 statistical figures. 

The report provides PESTLE analysis, which is a tool to examine the external market environment factors that have an impact on the industry. The PESTLE analysis examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Thus, sufficiently examining the threats and weaknesses of the industry. The research report also provides Porter’s five forces analysis wherein the intensity of rivalry and threat of new entrants is high. 

The subsequent section provides details of the market analysis based on different segments such as technology, deployment, and application. The report includes a detailed study of the value chain of the industry. It includes service/component providers, technology providers, system/hardware integrators, and end-users. The report also covers extensively the key competitors in the market for emerging technologies in smart cities. 

Key Takeaways from the Japan Emerging Technologies in Smart Cities Market Report:

• Based on technology, the Internet of Things (IoT) segment dominated the emerging technologies in the smart cities market of Japan in 2021. This is because IoT offers multiple opportunities for smart cities to use data for traffic control, pollution reduction, making better use of infrastructure, and keeping citizens safe.
• In terms of deployment, the cloud-based segment holds the highest market share in 2021. This is due to the increased speed and simplified scalability offered by cloud-based systems.  Furthermore, cloud-based deployment has high data security as well as capacity. The cloud-based segment also registers the highest annual growth rate over the projection period.
• In terms of application, the smart citizen services have the highest market share in the Japan emerging technologies in smart cities market in 2021. This is because citizen safety is the major priority for every government, and it is the same for the Japanese government. Further, people are highly dependent on the safety services that are offered by the government at different levels.

Impact of COVID-19

During the COVID-19 pandemic, the demand for smart city technologies slightly reduced in Japan due to the reduced spending by government and private companies on smart city development, which led to cutbacks in service infrastructure. Furthermore, strict lockdown due to Covid-19 led to the shutdown of the manufacturing industry thereby disrupting the supply chains. This has created stress on the supplies of the several products and services offered by this industry. However, the adoption of emerging technologies is expected to fuel the market growth during the post-pandemic times as regulatory authorities of Japan are majorly focused on monitoring the health, safety, and living standard of their citizens.

Competitive Landscape

The key players in the Japan Emerging Technologies in Smart Cities Market are ABB Ltd., Alphabet Inc., Fujitsu Ltd., IBM Corporation, Toshiba Corporation, Oracle Corp., and Huawei Technologies among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip on the stabilized market scenarios. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies. 

Segmentation Overview

The following are the different segments of the Japan Emerging Technologies in Smart Cities Market:

By Technology segment of the Japan Emerging Technologies in Smart Cities Market is sub-segmented into:

• Internet of Things (IoT) 
  • Satellite Network
  • Cellular Network
  • Radio Frequency Identification
  • Near Field Communication
  • Wi-Fi
• Artificial Intelligence (AI) 
  • Deep Machine Learning
  • Artificial Neural Network
  • Voice Recognition
  • Pattern Recognition
  • Natural Language Processing
  • Context-Aware Processing
  • Other AI Technologies
• Cloud Computing 
• High-Performance Computing 
• Edge Computing 
• Smart Mobility 
• Big Data Analytics 
• Quantum Computing 
• Other Technologies 

By Deployment segment of the Japan Emerging Technologies in Smart Cities Market is sub-segmented into:

• Cloud
• On-premises

By Application segment of the Japan Emerging Technologies in Smart Cities Market is sub-segmented into:

• Smart Transportation
  • Parking Management
  • Ticketing & Travel Management
  • Traffic Management
  • Passenger Information Management System
  • Freight Information System
  • Other Smart Transportation Systems
• Smart Utilities
  • Energy management
  • Advanced Metering Infrastructure
  • Smart Grid
  • Water Management
  • Distribution Management
  • Other Smart Utilities
• Smart Governance
  • E-Governance Solutions
  • Smart Public Safety
  • Law Enforcement
  • City Planning
  • Other Governance Services
• Smart Home & 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
  • Video Surveillance System
  • Assisted Living Solution
  • Other Citizen Services
• Smart Mobility
  • Electric Vehicle Charging
  • Tunnel Management
  • Tolling Management
  • Other Mobility Solutions
• Other Applications (Security & Surveillance)