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Japan sets tech target

Government wants companies to bag one-third of software-defined models.
Posted on 31 July, 2024
Japan sets tech target

Japan is aiming to secure a 30 per cent share of the global market for software-defined vehicles (SDVs).

They are designed to improve performance by upgrading software rather than hardware, according its industry and transport ministries.

The target has been included in a strategy released by the government for software development for next-generation cars with advanced digital technologies.

The document calls on the public and private sectors to work together on research and development of in-vehicle semi-conductors and the standardisation of SDV systems to better compete against leading US and Chinese makers of self-driving and so-called connected vehicles.

Estimating that global SDV sales will reach 41 million units in 2030 and 64m by 2035, the strategy sets sales goals for Japanese companies at 12m units in 2030 and 19m five years later, reports Nippon.com

Besides software development, it urges all companies in Japan and across industries to co-operate in capitalising on data on new services, including smart transportation.