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.


  • Chemicals
  • CPG
  • Government & Non-Profit
  • Industrials
  • Oil and Gas
  • Utilities

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 Director, Consulting


Cort Isernhagen
Cosmin Laslau, Ph.D.

About Lux Research

Lux Research is a leading provider of tech-enabled research and advisory solutions, helping clients drive growth through technology innovation. A pioneer in the research industry, Lux uniquely combines technical expertise and business insights with a proprietary intelligence platform, using advanced analytics and data science to surface true leading indicators. With quality data derived from primary research, fact-based analysis, and opinions that challenge traditional thinking, Lux clients are empowered to make more informed decisions today to ensure future success.

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