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Cambridge companies in the European Artificial Intelligence cluster are being informed about the lucrative Japanese AI markets, expected to reach billions of dollars in the next three years. Japan is heavily investing in AI to enhance its business competitiveness and catch up with global rivals like the US, EU, and China. The country is actively seeking collaborations with overseas companies specializing in AI innovations across critical sectors such as manufacturing, mobility, and cybersecurity.
The report highlights Japan's strengths in manufacturing and hardware but notes a lack of software skills for AI development among its workforce. Despite challenges like slow digital transformation and limited startup ecosystem, Japan is rapidly growing its AI market, projected to reach £5.9 billion by 2027. Japanese companies are particularly interested in AI applications for manufacturing, mobility, cybersecurity, logistics, retail, healthcare, financial services, marketing, agriculture, and sustainability.
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