Industry at a glance
- The scale of the electronics industry in Japan
The scale of the electronics industry in Japan
JEITA (Japan Electronics and Information Technology Industries Association) forecasts the value of next year's worldwide production of the electronics and IT industries and also the value of production in Japan. Whereas JEITA has long made forecasts for Japan, its first worldwide forecast was made in 2006 and it announced the second one in December 2007.
As the world economy has been battered since September, the projection to be announced in December may paint a very different picture, but the 2007 forecast remains useful for grasping the scale of Japan's electronics industry.
JEITA forecast that worldwide production of the electronics and IT Industries would increase to 243 trillion yen (US$2.4 trillion)* in 2008, of which electronics production would be 189 trillion yen (US$1.9 trillion). Japanese companies are expected to account for about one-fifth of total production, or 52 trillion yen (US$520 billion).
*Original figures are in Japanese yen. Figures in US dollars are shown to indicate the scale. The exchange rate is fixed to US$1=100 yen regardless of the actual exchange rate.
Domestic production accounts for about 46% of worldwide production by Japanese companies. The shift of production overseas is expected to continue.
However, manufacturing of cutting-edge products tends to remain in Japan. For semiconductors, storage devices for servers and measuring instruments, respectively, 77%, 76% and 76% of Japanese companies' worldwide production is in Japan.