• AI spending in the Asia-Pacific region alone, excluding Japan, will nearly triple to $15 billion in 2022 from $5.5 billion this year.
• Asia Pacific accounted for 42 per cent of the total installed base of smart water meters in 2018; its share will rise in the coming years as water utilities in China, India, Japan, and South Korea move from trials to large scale deployments, starting in early 2020.
• At a country level China, India, and Japan are the major bakery ingredient industries in the Asia Pacific region and holds a substantial Industry share in 2017 and it is projected to grow at a gradual pace in the coming years.
• By 2025, Indian GDP is also forecast to surpass Japan, which will make India the second-largest economy in the Asia-Pacific region.
• India is forecast to overtake the UK to become the world's fifth largest economy this year and projected to surpass Japan to feature at the second position in the Asia-Pacific region by 2025.
• Asia Pacific excluding Japan is expected to experience the highest growth rate of 8.9% between 2017 and 2027, primarily due to rising incidences of chronic disorders and a rapid growth in the ageing population.
• The medical case management service market in Asia Pacific excluding Japan is expected to register the fastest expansion through 2022.
• Fortified wine sales will witness the fastest expansion in Asia-Pacific excluding Japan through 2022.

  region

• Asia Pacific region is expected to be the largest geocells market in terms of value by 2025, followed by North America, Western Europe, and other regions.
• The Asia-Pacific region is expected to be the largest connected car market from 2017 to 2023.
• The demand for refined fuels in Asia-Pacific is expected to outperform other regions in absolute volume terms, expanding by 17.2% between 2017 and 2026.
• The new French Indo-Pacific strategy advances three key threats to be met by Paris, beyond dealing with North Korean belligerence: transnational terrorism, Chinese challenges to the multilateral order in the region, as well as climate change.
• In 2018, the total population of all ASEAN nations was 654 million (8.5% of the global total) making the region the 3rd largest market in the world after China and India: Population is expected to experience a substantial increase in the future, reaching 795 million by 2050.
• Growth prospects for the ASEAN region are expected to remain robust in the near future: the GDP of all countries is predicted to grow between 32.1% (Singapore) and 70.4% (Philippines) by 2024.
• The building industry in Asia-Pacific will be driven by a new Smart City framework in the ASEAN region.
• The Asia Pacific region is expected to register high CAGR from 2017 to 2024 owing to the increasing healthcare infrastructure, advancing in technology and raising awareness about infectious diseases will propel them over the forecast period.

  pacific

• Arrivals to Asia and the Pacific will increase from 204 million in 2010 to 535 million in 2030.
• The market for control and monitoring solutions in the water sector worldwide is expected to reach $30.1 billion in 2021, with Asia and the Pacific having the biggest market share at $10.3 billion.
• Trade cooperation across the Pacific could still integrate 39% of the world's GDP by 2030.
• Asia and the Pacific are the fastest-growing region over the recent decades in economic terms and it is expected to account for more than half of global production by 2050.
• East Asia and Pacific: Growth in the East Asia and Pacific region is projected to slow from 6.3 percent in 2018 to 5.9 percent in 2019 and 2020.
• As there will be 41,030 new airliners by 2036, Boeing expects 648,000 new commercial airline maintenance technicians from 2017 till then: 256,000 in Asia Pacific (39%), 118,000 in North America (19%) and 111,000 in Europe (17%).
• Speaking of lucrative markets for orthopaedic implants market, Asia Pacific could expect a good run in the following years.
• Asia Pacific is expected to witness the fastest growth at a CAGR of 12.1% from 2019 to 2025 on account of rising health consciousness among consumers.
• Asia Pacific is predicted to hold a prominent share in the injection molding machine market over the next seven years.
• Asia Pacific is expected to emerge as the fastest-growing region over the next nine years owing to the rise in small and medium enterprises in emerging countries, such as India and China.

  state

• The combined population of the ASEAN member states is now estimated to be upwards of 650 million, with the combined economies of ASEAN countries being the fourth-largest market in the world by 2030.
• 87% of CEOs in ASEAN member states expect AI will significantly change the way they do business in the next five years, with 72% believing that it will have a bigger impact than the internet.
• Asia Pacific is predicted to lead global spending in IoT for 2019 with almost 40 percent of worldwide spend, followed by the United States and Western Europe.
• An Asean report predicting half a million Rohingya refugees will return to Myanmar in two years has left observers incredulous for glossing over army atrocities, ignoring an ongoing civil war in Rakhine state and failing to mention the persecuted Muslim minority by name.

  market

• North America is dominating the market for smart lock in 2019 and is expected to maintain its dominance during the forecast period; Asia-Pacific is expected to gain significant momentum in the upcoming years.
• The market for control and monitoring solutions in the water sector worldwide is expected to reach $30.1 billion in 2021, with Asia and the Pacific having the biggest market share at $10.3 billion.
• The global beryllium market is expected to grow at a moderate rate during the forecast period, 2018 to 2023: Asia-Pacific is expected to lead the market owing to its rapid growth in the consumer electronics industry.
• The global syn gas market is expected to grow at a high rate during the forecast period of 2019-2023: Asia-Pacific is estimated to lead the market owing to the growing energy consumption and availability of abundant coal reserves.
• In Asia-Pacific, the market is currently the largest regional print packaging market, accounting for over 42% of revenues, and is expected to become the second fastest-growing region through to 2020.

  asia

• With energy demand in Asia and the Pacific forecast to nearly double from 2010 to 2035, access to reliable and enough energy services along with economic development will remain a focus for decades to come.
• Transportation based on autonomous drones is just starting: It is expected to reach $11.2 billion in 2022 and $29.06 billion in 2027.The segment of under 5 kg payload is the one with the highest expected growth and the market lion share taken by Asia / Pacific followed by North America.
• Asia Pacific accounted for 42 per cent of the total installed base of smart water meters in 2018; its share will rise in the coming years as water utilities in China, India, Japan, and South Korea move from trials to large scale deployments, starting in early 2020.
• Arrivals to Asia and the Pacific will increase from 204 million in 2010 to 535 million in 2030.
• Some 7.5 billion new IoT connections will hit Asia Pacific by 2025, with smart buildings and smart homes as key growth verticals.
• Specific to Asia Pacific, its IoT market is projected to grow at a compound annual growth rate of 11.3 percent to reach a market size of US$95.7 billion by 2022.
• The increasing number of applications and growing population are predicted to support the development of the 3D printed medical devices market across Asia Pacific over the next few years.

  country

• Asean is poised for rapid economic growth but that the current energy policies for most countries in the region risk committing them to highly polluting electricity generation, transport and industry.
• Growth prospects for the ASEAN region are expected to remain robust in the near future: the GDP of all countries is predicted to grow between 32.1% (Singapore) and 70.4% (Philippines) by 2024.
• Between 2018 and 2030, a further 21m people in Asean countries are expected to gain access to electricity.
• The combined population of the ASEAN member states is now estimated to be upwards of 650 million, with the combined economies of ASEAN countries being the fourth-largest market in the world by 2030.
• ASEAN countries have one of the highest saving rates in the world and are going to deliver more than US$2 trillion in new consumption by 2020.
• Asia-Pacific countries will spend $5.5 billion on A.I.

  economy

• Growth in the ASEAN economy is expected to moderate in 2019.
• The combined population of the ASEAN member states is now estimated to be upwards of 650 million, with the combined economies of ASEAN countries being the fourth-largest market in the world by 2030.
• Asia Pacific is expected to register the fastest CAGR of 11.3% from 2019 to 2025 owing to increasing number of middle-class income groups in developing economies.
• Bangladesh will stand out by growing at record 8% in 2019 and 2020, making it the fastest growing economy in Asia-Pacific.
• GDP growth in the key ASEAN economies is expected to remain resilient for the rest of the year.
• GDP in the ASEAN area amounted to US$2.9 trillion in 2018 (+5.1% compared to 2017), making it the 3rd largest economy in Asia, the 5th largest in the world and, with a projected annual growth rate of over 5%, it is predicted to become the 4th largest in 2030.

  nation

• In 2018, the total population of all ASEAN nations was 654 million (8.5% of the global total) making the region the 3rd largest market in the world after China and India: Population is expected to experience a substantial increase in the future, reaching 795 million by 2050.
• The Asia Pacific market is expected to witness a faster growth in the coming years backed by expanding pharmaceutical industry in developing nations such as China and India.
• NASA expects sea levels to rise between one and four feet by 2100 and has pointed out that small islands like the Pacific nation of Tuvalu could be entirely submerged as a result.
• Last year, the Pacific nation of Palau announced that, from 2020, it will ban sunscreens containing certain chemicals linked with coral degradation.
• The Association of South East Asian Nations (ASEAN)' s middle class is projected to include about 350 million people, with approximately $300 billion of disposable income to spend, by 2020.

Question

• If you had $100 billion to improve the state of ASEAN which problem would you solve first?

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Sources
Athena used the sources below as the top ones to create this report and determined which embedded forecasts are included in this Trend Alert. She found 6,840 forecasts in seconds on 29th Aug April 2019 to allow us to publish this report in less than two hours. She can turn these into PowerPoint slides and Audio files in minutes too as you wish, or we can prepare a full customized and professionally written brief for you to order covering all these forecasts.

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