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Quantum Computing: A Transformative Processing Technology Banks Cannot Ignore

The Thai electronics industry is forecast to return to healthy rates of growth over the three years from 2021 to 2023 thanks to a number of different developments on the technology front. In particular, demand for electronics parts will be boosted by the development and rollout of 5G technology and the need for equipment that supports this, and by the increasing market penetration of smart cars, which will in turn encourage a greater uptake of hyperconnected internet of things (IoT) applications. These changes to the commercial landscape will then drive stronger demand for integrated circuits (ICs) and hard disk drives (HDDs), especially for the large-capacity HDDs that are used in data center and cloud computing applications, where demand for big data applications is growing rapidly. In terms of consumer demand, the COVID-19 pandemic has also helped to precipitate a sudden explosion in working from home and distance learning that has then translated into stronger sales of PCs, notebooks, tablets and smartphones. Meanwhile, the shortage of ICs that was weighing on the industry (especially for use in auto assembly) should begin to dissipate in 2Q21, because production capacity has now risen on greater investment expansions from technology-leaders.

2023 Investment Inducing Growth

The domestic electronics industry will enjoy an improving outlook over 2025 to 2027. In particular: (i) for integrated circuits, output volume and export value will be up by respectively 6.0-7.0% and 8.0-9.0% per year; while (ii) for hard disk drives, annual production and exports will strengthen by 7.0-8.0% and by 8.5-9.5%.

During 2021-2023, overall revenue of digital services and software industry is forecast to rise at an annual average of 10.5%. The industry will be buoyed by the widespread embrace of private sector’s strategies centered on digital transformation1/ by companies looking to meet consumer’s specific demand. In addition, the emergence of a post-pandemic ‘new normal’ is also likely to result in a greater share of business online transactions. However, new players will be increasingly attracted into the market to develop a range of new platforms, competition will stiffen.

4th wave of digital technology causes global industrial transformation

Following a period of COVID-19 impacts in 2020-21, Thailand’s industries could be heading for a gradual recovery in 2022-24. A rage of factors that are expected to be dominant themes for Thailand’s industry outlook include global economy, Thai economy and structural changes including modern technology, servicification, shortening global value chains and infrastructure investment.

During 2026–2028, Thailand’s electronic components production and exports are expected to continue expanding.

During 2025-2027, the total revenue of Thailand’s data center industry is projected to grow at an average annual rate of 7.5-8.5%, driven by the digital transformation of government agencies and enterprises. This transition emphasizes large-scale data processing for strategic marketing planning, supported by continuous advancements in digital technology.

Over the past few years, technological innovation has played an unprecedented and ever-more central role in how at the micro level, individuals live their lives, and at a larger scale, how businesses operate.