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ECONOMY > Economic Policy

Japan hopes to double exports of satellite parts by 2025

  • May 11, 2016
  • , Nikkei , p. 3
  • Translation

The government finalized its plan for doubling the export of satellite parts in ten years.

The plan includes a schedule for Japanese companies to develop items selected through research on technological trends in major markets, namely, the U.S. and Europe. The plan

was formulated to help major electronics companies and small and medium enterprises develop and export space-related products that meet the needs of the U.S. and European markets.

 

The plan, the “comprehensive technological strategy for space-related parts and components,” calls for an increase in exports to 32 billion yen by the year 2025 from 16 billion in 2015. Currently, NEC leads in the market for global positioning system (GPS) receivers, and Mitsubishi Electric Corporation supplies space communication antennas to overseas satellite makers. Many small and medium companies produce valves and nozzles for satellites.

 

The government identified product needs for the next ten years after conducting interviews with foreign satellite makers on communication equipment and batteries, products in which Japan has an advantage in the market. The schedule provides domestic companies a step-by-step process from development to production and marketing of those products.

 

While the space appliance market in Ja pan is 300 billion yen, the European Union (EU) is worth 830 billion yen. The U.S. has a 5.1-trillion-yen market. In order to increase domestic corporations’ investment in research and development, the government determined it is best to support exports by indicating all steps through marketing of the selected items likely to have future demand overseas.

 

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