Role of Governments in Promoting the Industrial Internet of Things (IIoT) in Asia-Pacific

Role of Governments in Promoting the Industrial Internet of Things (IIoT) in Asia-Pacific

Harnessing IIoT to Create Sustainable Manufacturing Growth

RELEASE DATE
05-Jul-2017
REGION
Asia Pacific
Deliverable Type
Market Research
Research Code: P95D-01-00-00-00
SKU: IA01402-AP-MR_20334
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Description

The pervasiveness of digital technologies has reached a state of ubiquity in consumer products. Digitisation is gradually penetrating the manufacturing sector in order to produce cheaper and better consumer products. At times of uncertain and volatile economic conditions, manufacturers are seeking competitive advantages by modernising and upgrading their production methods.

Industrialised nations such as Germany have paved the way forward in digitising their manufacturing capabilities through Industrie 4.0 or in broader terms, the Industrial Internet of Things (IIoT). This manufacturing transformation is rapidly catching on in Asia-Pacific with Japan, South Korea, and Singapore leading the way. Governments in APAC are looking to IIoT as a viable way to create sustainable manufacturing growth and affirm their role in the global supply chain. However, not all countries in APAC are ready for IIoT.

In this study, Frost & Sullivan investigates the role of governments in promoting IIoT in APAC through initiatives, action plans, and funding schemes. As the manufacturing economies in APAC gradually embrace the fourth industrial revolution, bridging the gaps in infrastructure capacity is a prominent factor. Profiles of 8 export-intensive economies in APAC and their “IIoT-readiness” ranking are provided. The latter is a Frost & Sullivan methodology that utilises key economic indicators to objectively rank the Top 8 IIoT-ready countries in APAC.

Specifically, this report addresses the following points:
•     How are governments supporting Industrial Internet of Things initiatives?
•     Which government agencies are contributing towards the development and deployment of the Industrial Internet of Things?
•     How much funding is available to manufacturers seeking assistance from public institutions?
•     Which countries in Asia-Pacific are ready to implement Industrial Internet of Things solutions?
•     What are the necessary foundations for the implementation of Industrial Internet of Things solutions?
•     How will the Industrial Internet of Things affect the workforce and what are the government’s responses to this?

The outcome of this research pinpoints these strategic imperatives for growth:
•     IIoT adoption may lead to implementation of Smart Cities initiatives
•     Solution providers should position themselves to address this opportunity
•     Spending on IIoT solutions in emerging economies is likely to come from government agencies instead of the private sector
•     Marketing and business development campaigns should be appropriately aligned. IIoT solutions need to be tailored
•     Governments need to wholeheartedly follow through on their industrial digitisation plans, otherwise any prior investments will be futile
•     Whilst the fourth industrial revolution is beginning to take shape, government agencies should keep abreast with innovative developments and prepare for the next paradigm shift

Table of Contents

Key Findings

CEO’s Perspective

Market Definitions

Industry Overview

Action Plans—Innovation in Manufacturing 3.0

Funding Schemes

Flagship Projects

Industry Overview

Action Plans—Industrial Value Chain Initiative

Action Plans—Key Concepts of the IVI

Action Plans—Industrial Tourism

Funding Schemes—Investments

Funding Schemes—Subsidies

Flagship Projects

Industry Overview

Action Pans—“Internet +” and “Made in China 2025”

Funding Schemes

Flagship Projects

Government Agencies Associated with Promoting IIoT

Industry Overview

Action Plan—Productivity 4.0

Funding Schemes

Government Agencies Associated with Promoting IIoT

Industry Overview

Action Plan—Smart Nation

Funding Schemes

Flagship Projects

Australia—Industry 4.0 Taskforce

Malaysia—IoT Malaysia

Thailand—Thailand 4.0

IIoT Readiness Score

IIoT Readiness Score—Factors

IIoT Readiness Score—Country Ranking in 2017

IIoT Readiness Score—Analysis

Conclusions

Growth Opportunity—Industrial Internet of Things

Strategic Imperatives for Success and Growth

The Last Word—3 Big Predictions

Legal Disclaimer

List of Figures
  • 1. IIoT Programs and Investments by METI, Japan, 2016
  • 2. METI Subsidy Rates for IoT Projects, Japan, 2016
  • 3. Funding for SEI Projects, China, 2012
List of Charts
  • 1. Manufacturing Indicators, South Korea, 2011–2016
  • 2. Creative Economy Budget, South Korea, 2015
  • 3. GDP Growth Rate, Japan, 2010–2015
  • 4. Gross Domestic Product by Industry, China, 2010–2013
  • 5. Industrial Internet of Things Revenue by Segment, China, 2010
  • 6. Total Exports by Commodity, Taiwan, 2012–2015
  • 7. GDP Segmentation, Singapore, 2012–2016
  • 8. IIoT Readiness Ranking in Relation to High Technology Exports, APAC, 2017
  • 9. FDI, Net Inflows (Balance of Payments, Current US$), APAC, 2015
The pervasiveness of digital technologies has reached a state of ubiquity in consumer products. Digitisation is gradually penetrating the manufacturing sector in order to produce cheaper and better consumer products. At times of uncertain and volatile economic conditions, manufacturers are seeking competitive advantages by modernising and upgrading their production methods. Industrialised nations such as Germany have paved the way forward in digitising their manufacturing capabilities through Industrie 4.0 or in broader terms, the Industrial Internet of Things (IIoT). This manufacturing transformation is rapidly catching on in Asia-Pacific with Japan, South Korea, and Singapore leading the way. Governments in APAC are looking to IIoT as a viable way to create sustainable manufacturing growth and affirm their role in the global supply chain. However, not all countries in APAC are ready for IIoT. In this study, Frost & Sullivan investigates the role of governments in promoting IIoT in APAC through initiatives, action plans, and funding schemes. As the manufacturing economies in APAC gradually embrace the fourth industrial revolution, bridging the gaps in infrastructure capacity is a prominent factor. Profiles of 8 export-intensive economies in APAC and their “IIoT-readiness” ranking are provided. The latter is a Frost & Sullivan methodology that utilises key economic indicators to objectively rank the Top 8 IIoT-ready countries in APAC. Specifically, this report addresses the following points: • How are governments supporting Industrial Internet of Things initiatives? • Which government agencies are contributing towards the development and deployment of the Industrial Internet of Things? • How much funding is available to manufacturers seeking assistance from public institutions? • Which countries in Asia-Pacific are ready to implement Industrial Internet of Things solutions? • What are the necessary foundations for the implementation of Industrial Inte
More Information
Deliverable Type Market Research
No Index No
Podcast No
Table of Contents | Executive Summary~ || Key Findings~ || CEO’s Perspective~ | Market Overview~ || Market Definitions~ | South Korea—Innovation in Manufacturing 3.0~ || Industry Overview~ || Action Plans—Innovation in Manufacturing 3.0~ || Funding Schemes~ || Flagship Projects~ | Japan—Industrial Value Chain Initiative~ || Industry Overview~ || Action Plans—Industrial Value Chain Initiative~ || Action Plans—Key Concepts of the IVI~ || Action Plans—Industrial Tourism~ || Funding Schemes—Investments~ || Funding Schemes—Subsidies~ || Flagship Projects ~ | China—Made in China 2025~ || Industry Overview~ || Action Pans—“Internet +” and “Made in China 2025”~ || Funding Schemes~ || Flagship Projects~ || Government Agencies Associated with Promoting IIoT~ | Taiwan—Productivity 4.0~ || Industry Overview~ || Action Plan—Productivity 4.0~ || Funding Schemes~ || Government Agencies Associated with Promoting IIoT~ | Singapore—Smart Nation~ || Industry Overview~ || Action Plan—Smart Nation~ || Funding Schemes~ || Flagship Projects~ | Rest of APAC—Australia, Malaysia, and Thailand~ || Australia—Industry 4.0 Taskforce~ || Malaysia—IoT Malaysia~ || Thailand—Thailand 4.0~ | IIoT Readiness Score—Country Rankings~ || IIoT Readiness Score~ || IIoT Readiness Score—Factors~ || IIoT Readiness Score—Country Ranking in 2017~ || IIoT Readiness Score—Analysis~ || Conclusions~ | Growth Opportunities and Companies to Action~ || Growth Opportunity—Industrial Internet of Things~ || Strategic Imperatives for Success and Growth ~ | The Last Word~ || The Last Word—3 Big Predictions~ || Legal Disclaimer~ | The Frost & Sullivan Story~
List of Charts and Figures 1. IIoT Programs and Investments by METI, Japan, 2016~ 2. METI Subsidy Rates for IoT Projects, Japan, 2016~ 3. Funding for SEI Projects, China, 2012~| 1. Manufacturing Indicators, South Korea, 2011–2016~ 2. Creative Economy Budget, South Korea, 2015~ 3. GDP Growth Rate, Japan, 2010–2015~ 4. Gross Domestic Product by Industry, China, 2010–2013~ 5. Industrial Internet of Things Revenue by Segment, China, 2010~ 6. Total Exports by Commodity, Taiwan, 2012–2015~ 7. GDP Segmentation, Singapore, 2012–2016~ 8. IIoT Readiness Ranking in Relation to High Technology Exports, APAC, 2017~ 9. FDI, Net Inflows (Balance of Payments, Current US$), APAC, 2015 ~
Author Tzern Tzuin Toh
Industries Industrial Automation
WIP Number P95D-01-00-00-00
Is Prebook No