PLM (Product Lifecycle Management) Market in Japan: Key Research Findings 2019

Domestic PLM Market Size for 2018 Rose by 6.0% to 267,500 Million Yen

Yano Research Institute (the President, Takashi Mizukoshi) has conducted a survey on the domestic PLM (Product Lifecycle Management) market and has found out the market trends by segment, the market perspectives, and the trends of market players.

Transition and Forecast of Domestic PLM Market Size
Transition and Forecast of Domestic PLM Market Size

Market Overview

The domestic PLM market size, based on the shipment values at system makers, rose by 6.0% from the previous year to attain 267,464 million yen in 2018. The market had slowed down in 2015 due to the stagnant global economy but revived in 2017 and beyond, when the economy recovered to encourage the enterprises to increase investments to facilities and IT systems. In 2018, the capital investment was raised prominently, as a result of corporate profits having maintained at high level, which led the PLM market to steadily grow.

In addition, the subsidies for “Introducing IT Solutions” and for “Monozukuri (Manufacturing)/Merchandising and Services)” stimulated the market growth, represented by progressive adoption of CAD at manufacturing SMEs that contributed to expansion of the PLM market.

Noteworthy Topics

In recent years, manufacturing processes have been changing dramatically. All the processes from mechanical designs, electric designs, and even to system designs are about to be conducted at the same time in parallel from the integrated platform. In addition, the designing methods for manufacturing themselves have been changing due to prevalence of the technologies such as IoT, VR, and AR.

On the other hand, the status of the PLM market has not been changed: 70% of the market has been occupied by CAD/CAM/CAE. In short, it has not changed from the conventional way of creating three-dimensional shapes in the computers. Further development of PLM is dependent on whether it can turn the environmental changes in the manufacturing industry into profit making business or not. The challenge of the PLM market is how to incorporate new technologies including the system designing. 

Future Outlook

Since the beginning of 2019, slowdown in the Chinese economy has been projected due to the trade friction between the U.S. and China, anticipated to inflict on the makers of electric and electronic parts in Japan. In addition to this, the consumption tax has been planned to increase from 8% to 10% in October 2019. Because of so many uncertain factors in the economy, capital investment that had increased just until recently can deteriorate.

Due to the above-mentioned factors, growth of the domestic PLM market for 2019 is expected to slow down by 3.9% to manage to attain 278,000 million yen, based on the shipment values at system makers. Nevertheless, PLM can be the core of “Monozukuri” for the future.

Research Outline

1.Research Period: January to May, 2019
2.Research Object: PLM System Makers
3.Research Methogology: Face-to-face interviews with expert researchers, surveys via telephone/email

PLM (Product Lifecycle Management)

PLM (Product Lifecycle Management) is a concept of managing a product throughout its lifetime from the phases of development, production, maintenance and even to recycling. The PLM market in this research targets the following tools to embody PLM, such as CAD/CAM/CAE, PDM (Product Data Management), Digital Factory, and Viewer/DMU (Digital Mock-Up).

Published Report

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