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During 2027-2029, Thailand's electronic component production and exports are likely to continue expanding

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

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.

Global value chains are shortening as countries are moving to increase their self-reliance and to boost their capacity for domestic technological innovation

Bright outlook for new investment cycle driven by three visible trends: (i) the Private Investment Index showed the strongest rise in almost three years; (ii) industrial capacity utilization has finally returned to pre-pandemic levels; and (iii) there are more industries expressing confidence.

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.

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%.

ท่ามกลางความตึงเครียดจากการกีดกันทางการค้าระหว่างสหรัฐฯและจีน วิจัยกรุงศรีประเมินว่าหากทั้งสองฝ่ายตอบโต้ด้วยการเก็บภาษีนำเข้าระหว่างกัน

Amid the intensifying technological rivalry between the United States and China, semiconductors have emerged as products that shape both global economic power and security.

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