State of Innovation in Asia: Key Industries and Players Shaping Asia’s Innovation Ecosystem

September 09, 2019 | State of the Market Report

Asia has driven a boom in innovation in recent years in terms of R&D spending, venture capital funding, academic publications, and patents. However, it is difficult to bucket the entire region’s ecosystem into one category, as the population, economic status, and innovation strategy vary greatly. Our unique methodology analyzes seven key industries to determine the Innovation Force and finds that China and South Korea emerge as innovation powerhouses as Japan solidifies itself as an innovation conservative. Singapore, Hong Kong, and Taiwan have carved out their niche roles as innovation specialists, while Indonesia, Malaysia, and Thailand are innovation generalists embarking on the next phase of their innovation journey. India has yet to differentiate itself as it struggles to keep pace with its regional peers.

Coverage Areas

  • Accelerating Materials Innovation
  • Digital Transformation
  • Emerging Ecosystems in Agrifood and Health
  • Owning the Energy Transition
  • The Future of Mobility

Table of Contents

  • Title page
  • Asia’s recent innovation boom
  • The Innovation Force shaping the ecosystem
  • Innovation powerhouses and specialists
  • Outlook on Asia as a global innovation hot spot
  • Appendix

Lead Analyst

Managing Consultant, Energy


Cort Isernhagen
Cosmin Laslau, Ph.D.