"By then, Asians are expected to make up 36 percent of all US immigrants, while Hispanics will make up 34 percent," the report based on data extrapolated from the US Census said.
The modern immigration wave from Asia has accounted for a quarter of all immigrants who have arrived in the United States since 1965, the report noted.
Chinese Americans are the largest Asian origin group in the United States, making up 23 percent of the Asian population, or 5.4 million people, the report said.
The next two largest origin groups are Indian Americans, who account for 20 percent of the total (4.6 million people), and Filipinos, who account for 18 percent (or 4.2 million people), the report said.
Vietnamese, Koreans and Japanese account for 9 percent, 8 percent and 6 percent of the US Asian population respectively, the report added.