Japan Next-Generation Power Semiconductors Market was valued at USD 2 Billion in 2022 and is projected to reach USD 5 Billion by 2030, growing at a CAGR of 12.5% from 2024 to 2030.
Japan is making significant strides in the development of next-generation power semiconductors, aiming to revitalize its semiconductor industry and meet evolving industrial demands. This ambitious endeavor is characterized by substantial investments, innovative collaborations, and a focus on advanced technologies such as 2-nanometer (nm) chips.
Key Initiatives and Collaborations
Establishment of Rapidus: In August 2022, eight major Japanese companies, including Denso, Kioxia, MUFG Bank, NEC, NTT, SoftBank, Sony, and Toyota, collectively invested 7.3 billion yen to form Rapidus. This consortium aims to mass-produce advanced 2 nm semiconductor chips in Japan by the latter half of the 2020s, positioning the country at the forefront of semiconductor innovation.
Strategic Partnerships: Rapidus has entered into a strategic partnership with IBM to develop 2 nm node technology. Additionally, a Memorandum of Cooperation has been signed with Belgium-based Interuniversity Microelectronics Centre (imec) to collaborate on advanced semiconductor technologies, underscoring Japan's commitment to leveraging global expertise.
Government Support: The Japanese government unveiled a $65 billion plan to bolster the domestic chip industry, offering subsidies and financial incentives to stimulate next-generation semiconductor production and secure supply chains. This initiative reflects a concerted effort to reclaim Japan's leadership in the global semiconductor market.
Industry Requirements and Market Demand
The demand for next-generation power semiconductors is driven by several key industrial requirements:
Energy Efficiency: Industries are seeking semiconductors that offer higher energy efficiency to reduce operational costs and environmental impact.
Miniaturization: The trend towards smaller, more compact electronic devices necessitates semiconductors with reduced size without compromising performance.
High-Speed Data Transmission: With the proliferation of data-intensive applications, there is a growing need for semiconductors capable of supporting high-speed data transmission, such as 100 Gigabit Fiber Optic Transceivers, to ensure seamless connectivity.
Reliability and Durability: Industrial applications require semiconductors that can withstand harsh operating conditions, ensuring longevity and consistent performance.
Challenges and Future Outlook
Despite the ambitious plans, Japan faces several challenges in its quest to dominate the next-generation power semiconductor market:
Technological Advancements: Achieving mass production of 2 nm chips requires overcoming significant technological hurdles, necessitating continuous research and development.
Global Competition: Japan must navigate intense competition from established semiconductor manufacturers in Taiwan, South Korea, and the United States.
Supply Chain Dependencies: Recent export controls by China on essential semiconductor materials like gallium and germanium pose potential risks to Japan's supply chain, highlighting the need for resource diversification.
In conclusion, Japan's proactive initiatives, substantial investments, and strategic collaborations underscore its determination to reclaim a leadership position in the next-generation power semiconductor market. By addressing industry requirements and navigating existing challenges, Japan aims to meet the evolving demands of various sectors, thereby strengthening its presence in the global semiconductor landscape.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Next-Generation Power Semiconductors Market
Power Transistors
Power Diodes
Power Modules
Thyristors
Silicon
Silicon Carbide (SiC)
Gallium Nitride (GaN)
Other Materials
Low Voltage (Up to 200V)
Medium Voltage (200V to 1kV)
High Voltage (Above 1kV)
Consumer Electronics
Automotive
Industrial
Telecommunications
Energy and Power
Renewable Energy
Discrete Packaging
Power Modules
Integrated Circuits
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Next-Generation Power Semiconductors Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Next-Generation Power Semiconductors Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Next-Generation Power Semiconductors Market, By Type
6. Japan Next-Generation Power Semiconductors Market, By Application
7. Japan Next-Generation Power Semiconductors Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Next-Generation Power Semiconductors Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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