Asia is projected to experience the fastest growth in its artificial intelligence (AI) industry, with revenue expected to increase by 351% to nearly $300 billion by 2030. This data, presented by Altindex.com, contrasts with the United States, which, despite being home to major AI companies such as Apple, Microsoft, Nvidia, Alphabet, Meta, and Tesla, does not have the largest or fastest-growing AI market.
The rapid expansion of the AI industry in Asia has positioned it as a significant player in the global market. Since 2020, the Asian AI market has more than doubled in size, outpacing the growth rates of both the European and North American markets. Contributing to this growth are national AI strategies and substantial investments in AI research and development by countries such as China, South Korea, and Japan. Major cities like Beijing, Tokyo, Shanghai, and Seoul have emerged as global innovation hubs. Additionally, Asian AI startups have garnered significant venture capital interest, supported by investments from tech giants including Tencent, SoftBank, Alibaba, and Samsung.
Asia’s AI workforce benefits from top universities and research institutions that produce skilled professionals in the field, further solidifying the region’s leadership in AI innovation. According to a survey by Statista, the Asian AI industry’s revenue is anticipated to reach $298.4 billion by 2030, reflecting a 351% increase. This growth rate surpasses the global AI market, which is expected to grow by 349% during the same period. In comparison, the North American and European AI markets are projected to grow by 346% and 349%, respectively.
User growth in the Asian AI sector is also expected to be substantial, with the number of AI tool users increasing by 150% to 180 million by 2030. However, this figure is lower than the projected AI user numbers in North America and Europe, which are expected to reach 268 million and 229 million users, respectively.
AI is poised to significantly contribute to economic growth in Asia. By 2030, AI is expected to add 6.7% to the region’s GDP growth, a fivefold increase from the current contribution. Similar trends are forecasted for other regions, with North America’s AI market impact on GDP projected to grow from 2.2% to 10.5%, and Europe’s from 1.8% to 9.7%. Globally, the AI industry is anticipated to add 8.8% to GDP growth by 2030, up from 1.7% this year.
