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The printed circuit board (PCB) industry is expected to see an improved outlook from 2025 to 2027 due to several factors: (i) investment support schemes from the Board of Investment (BOI) aimed at the electronics and electrical appliance sectors, (ii) a steady increase in electric vehicle (EV) sales; (iii) the beginning of a new replacement cycle for personal computers and mobile phones; and (v) increased investments in semiconductor production capacity by major global manufacturers,

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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%.

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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.