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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,

The auto industry will see continuing growth through the period 2023-2025 thanks to a combination of factors. (i) The recovery in the overall economy and purchasing power with softer inflationary pressure (ii) Although conflicts between the US and China over access to technology will mean that periodic problems with chip shortages will persist through 2023, greater investment in production capacity in the US, Germany, and Japan will translate into increased output, and so in 2024 and 2025, semiconductor supply problems should ease. (iii) Government measures to stimulate demand for battery electric vehicles will continue to support the market. (iv) Government spending on infrastructure development, growth in logistics and online retail,

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

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

During 2027-2029, Thailand's electronic component production and exports are likely 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.

From inflation to recession risk amid polarization

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%.

Specialty chemicals: Opportunities, challenges, and their role as drivers of sustainability

Trade tensions and trade barriers between the United States and China have led to changes in global supply chains and the dynamics of international trade. One of the key strategies manufacturers are using to mitigate risk is the "China+1" approach