Thailand Semiconductor Market (2024-2030) | Industry, Analysis, Forecast, Value, Growth, Outlook, Companies, Revenue, Share, Size & Trends

Thailand Semiconductor Market Synopsis

Thailand semiconductor market thrived before the pandemic, driven by increasing demand for electronic devices and enhanced manufacturing capabilities, bolstered by government incentives and a growing tech ecosystem. However, semiconductor shortages negatively impacted downstream production in 2020. Nonetheless, in 2021, the market saw notable expansion fueled by heightened demand for laptops, personal computers, and other electronic devices due to the work-from-home trend. Additionally, in August 2021, the BOI implemented a range of tax incentives aimed at bolstering the semiconductor industry in Thailand.

According to 6Wresearch, Thailand Semiconductor Market size is projected to grow at a CAGR of 10.8% during 2024-2030. Thailand semiconductor industry is poised for a significant growth in the future, aiming for a transformation into a front-end process and higher complexity back-end semiconductor manufacturer. This vision is supported by increased foreign investments and proactive measures from the BOI. Additionally, semiconductor firms like Sony and Toshiba are diversifying their investments towards upstream processes within Thailand.

Additionally, the Thai government offers attractive policies and incentives, including enhanced benefits from the BOI for semiconductor manufacturing, encompassing investments across the entire supply chain. Furthermore, Thailand has fostered a favorable policy environment to propel the growth of the electric vehicle (EV) market, with projections indicating EV production reaching 1.05 million units by 2025 and expansion to 18.41 million units by 2035, thereby further stimulating market growth.

Market Segmentation by Component

Integrated Circuit is expected to experience accelerated growth in Thailand, due to government initiatives aimed at bolstering the electronics manufacturing industry. This support is part of the broader strategy to foster the smart electronics sector within the Eastern Economic Corridor (EEC) development plan.

Market Segmentation by Vertical

Automotive electronic generated significant revenue driven by initiatives in smart mobility, especially the focus on electric vehicles, with a goal of reaching approximately 1.05 million EVs by 2025. This increased demand for advanced semiconductor solutions is further supported by projects like Bangkok's AI-powered traffic management and Transport Co.'s strategy to integrate electric vehicles.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Thailand Semiconductor Market Overview
• Thailand Semiconductor Market Outlook
• Thailand Semiconductor Market Forecast
• Historical Data and Forecast of Thailand Semiconductor Market Revenues for the Period 2020-2030F
• Historical Data and Forecast of Thailand Semiconductor Market Revenues, By  Components for the Period 2020-2030F
• Historical Data and Forecast of Thailand Semiconductor Market Revenues, By Verticals for the Period 2020-2030F
• Market Drivers and Restraints
• Market Trends
• Industry Life Cycle
• Thailand Semiconductor Market – Porter’s Five Forces
• Market Opportunity Assessment
• Company Shares
• Market Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Component 

• Discrete 
• Optoelectronics 
• Sensors 
• Integrated Circuit 

By Vertical 

• Automotive Electronic 
• Consumer Electronic 
• Industrial Electronic 
• Computing and Data Storage 
• Wired Communication 
• Wireless communication