DeepTech & Artificial Intelligence Industry in Asia Pacific Region 2020 Assessment
While most Asian countries lag behind the industrialized world in AI adoption, the trend is changing on. The growing vast and emerging talent pool base, rising adoption of cloud computing, a freedom from legacy assets, and the various government initiatives favouring AI are mainly driving such sectors as financial services, healthcare market, transportation, and media. The aim of this report is to provide a broad analysis of the past, present state and near-future trajectory of the DeepTech and Artificial Intelligence Industry in Asia and Pacific in 2020, and the strategic management and government plans for artificial intelligence. It also describes last technological and media trends in Asia and gives an overview of underlying economic data. This new report aims to outline the current status of the DeepTech and Artificial Intelligence industry in all Asia Pacific countries that are related to AI, profiling 2400 DeepTech and AI companies, 1300 investors, 80+ Hubs and 125 DeepTech and AI Influencers.
The report is structured so as to make plain the development of DeepTech and Artificial Intelligence in Asia, including following countries, relative newcomers to the industrialized world scene like India, Indonesia, Malaysia and already developed societies like Japan, Australia, Singapore, Hong Kong, South Korea and Taiwan.
“DeepTech & Artificial Intelligence Industry in Asia Pacific Region 2020”: provides a broad analysis of the current Asia and Pacific-based Artificial Intelligence landscape, considering private sector with specific focus on the current state of the industry and also provide the readers with forecasts and predictions based on the insights gathered from that analysis. Each trend is carefully reviewed and extrapolated with the necessary precautions.
The main player on the continent - China, now leads the world in annual R&D spending with nearly $275 billion (just above 2% of GDP), but other Asian countries are also above the 2% mark, including Japan ($176 billion), South Korea ($70 billion) and Singapore ($13 billion). For comparison, U.S. federal R&D spending is roughly $131 billion. While these figures capture a wide range of sectors from biotech to materials to computer science, all are driven by AI.
As a main insight we can say that all major Asian economies are investing heavily in the creation of new opportunities centered on AI in order to increase their competitive advantage over the rest of the world. An advantage that the West soon won’t be able to catch up with.
CHINA
1075 COMPANIES
China is the undoubted leader in DeepTech and AI industry in the Asia Pacific region and aims to become the global leader in the sphere as the State Council of the People’s Republic of China has announced its goal to become a $150 billion AI global leader by the year 2030.
China is already a global leader in AI research and the biggest driver of deep technology investment growth in the world.
Number of companies featured in the Landscape Overview
INDIA
376 COMPANIES
India is the second-largest DeepTech and AI industry in Asia. Since the 90s Informational technologies have been crucial for the Indian economy developing to account for 7.7% of India’s GDP in 2016.
Recently, the Indian government took steps to support the trend by launching initiatives as the National Institution for Transforming India (NITI) and the Policy Commission leading a national program on AI concentrating on research.
However, one of the main problems of DeepTech and AI in India is the lack of a developed market and systematic investment.
Number of companies featured in the Landscape Overview
AUSTRALIA
229 COMPANIES
Australia has a competitive advantage as the leader in technical and scientific publications, however, only 12 Australian firms were represented in the world’s top 2500 R&D leaders.
The most successful Australian Deep Tech startups are centered in the fields of farming, drone delivery systems, cancer treatment, and rechargeable batteries.
The most important challenges for Australian DeepTech is the investment for the long term, creation of the shared vision, and nurturing DeepTech Culture.
Number of companies featured in the Landscape Overview
SINGAPORE
153 COMPANIES
Number of companies featured in the Landscape Overview
Deep Tech and AI sphere in Singapore is considered to be a role model in terms of how government, private institutions, and educational institutions can cooperate.
The consistent government support for Deep Tech, strong IP (Intellectual property) regime, proximity to outstanding educational institutions which have the programs encouraging their alumni to create startups and offices of tech giants in Singapore create the fertile environment for the creation of Deep Tech.
JAPAN
140 COMPANIES
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Japanese deep tech startups have rapidly gained power for the last couple of years, through a constant capital injection from and co-development with large corporations. At the same time, European Multinational corporations such as Airbus and Deutsche Bahn have also reached and invested in some Japanese deep tech startups.
The interest of Tech giants in supporting the DeepTech sphere, a big pool of talent from STEM spheres, and well-established links with markets and capital in other countries provide favorable conditions for the development of AI and Deep Tech in Japan.
Number of companies featured in the Landscape Overview
SOUTH KOREA
132 COMPANIES
South Korea has earned a reputation as a leading global information and communication technology center and is ranked second in Bloomberg Index of Most Innovative Nations 2020.
With its cutting-edge ICT infrastructure boasting the world’s fastest internet speeds, the country is home to global leading electronics and IT companies.
As the first country in the world to roll out commercial 5G, South Korea can lead in adopting and optimizing AI by virtue of the nation’s compact size, wide broadband coverage and smartphone penetration.
By 2030 it aims to own 20% of the global AI chip market.
Number of companies featured in the Landscape Overview
HONG KONG
72 COMPANIES
Al is being adopted in almost every industry. Besides finance and banking, the use of AI is spreading expansively in healthcare and education.
The AI Readiness Index among residents and businesses in 2020 is 50 and 56 out of 100 points respectively.
Despite all these promising developments and the growing use of AI, the speed of technology adoption in Hong Kong remains slow compared to Mainland China. The same is observed in the development of technology and Al-specific regulations.
Number of companies featured in the Landscape Overview
TAIWAN
38 COMPANIES
Taiwan is a world-leader in the area of semiconductors, information and communication technology and manufacturing.
Taiwan is successful in preserving home-grown and attracting foreign AI talent, with annually more than 10.000 computer science graduates.
Taiwan is the world leading chip manufacturer with 25-30% of integrated circuits globally being manufactured in Taiwan. It produces 75% of personal computers, 50% of LCD screens, 25% of semiconductors, and 20% of smartphones worldwide.
Number of companies featured in the Landscape Overview
NEW ZEALAND
21 COMPANIES
Taiwan is a world-leader in the area of semiconductors, information and communication technology and manufacturing.
Taiwan is successful in preserving home-grown and attracting foreign AI talent, with annually more than 10.000 computer science graduates.
Taiwan is the world leading chip manufacturer with 25-30% of integrated circuits globally being manufactured in Taiwan. It produces 75% of personal computers, 50% of LCD screens, 25% of semiconductors, and 20% of smartphones worldwide.
Number of companies featured in the Landscape Overview
INDONESIA
20 COMPANIES
The country leads Southeast Asia in AI adoption, with 24.6% of organizations using the technology in their operations.
Indonesian companies had the highest rates of AI integration in Southeast Asia; a number of state projects employ AI, to anticipate state fires for example; and some government agencies are promoting AI development and technology-based tools at schools and other learning institutions.
The AI development is one of five sectors in particular focus, apart from the development of the internet of things, advanced robotics, augmented reality and 3D printing.
Number of companies featured in the Landscape Overview
MALAYSIA
20 COMPANIES
Malaysia’s deep tech and startup industry has experienced a massive transformation allowing the startup community to attract investments to the tune of $1.45 billion in 2016.
There are several successful tech startups from Malaysia working in the fields of AI, 3D face recognition, sentiment robot, etc.
Number of companies featured in the Landscape Overview
