Semiconductors - Thailand

Thailand

Revenue in the Semiconductors market is projected to reach US$10.24bn in 2024.
Integrated Circuits dominates the market with a projected market volume of US$8.82bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.99%, resulting in a market volume of US$18.04bn by 2029.
In global comparison, most revenue will be generated in China (US$177.80bn in 2024).

Definition:

Semiconductors are the crucial building blocks of all the electronics we see daily. The semiconductor industry comprises companies that design, fabricate, assemble, test, and supply semiconductors that are suitable for various applications. The semiconductor market represents the market size of the semiconductors used in various electronics applications.

Structure:

The semiconductor market is structured into four different markets based on the functionality of the semiconductors as follows:

The Discrete Semiconductors market represents the semiconductors that have a basic function and are mostly built using a single semiconductor device. These are further used in an application in conjunction with other semiconductors.
The Integrated Circuits market is the largest market and represents the semiconductors that have specific functionality. They generally consist of several basic semiconductor devices. This market is further divided into Analog Integrated Circuits, Logic Integrated Circuits, Memory Integrated Circuits, and Micro Integrated Circuits.
The Optoelectronics market represents the semiconductors that have functionality related to light.
The last market Sensors & Actuators represents the semiconductors that sense real-world factors and those that actuate other devices.

Additional Information:

The semiconductor market comprises revenue, revenue change, and key player market shares as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Further definitions of the markets can be found on respective pages.

Key players in this market include Samsung, Intel, SK Hynix, Qualcomm, Micron, etc.,

For more information on the displayed data, use the info button right next to the boxes.

Market

Region

Region comparison

Currency

Analyst Opinion

The Semiconductors market in Thailand has been experiencing significant growth in recent years. This can be attributed to several factors including customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: In Thailand, there is a growing demand for electronic devices such as smartphones, tablets, and laptops. This increased demand has led to a higher need for semiconductors, which are essential components in these devices. Additionally, there is a rising interest in emerging technologies such as artificial intelligence, Internet of Things (IoT), and autonomous vehicles, all of which require semiconductors for their functioning. As a result, the demand for semiconductors in Thailand has been steadily increasing.

Trends in the market: One of the key trends in the semiconductors market in Thailand is the shift towards advanced manufacturing processes. This includes the adoption of technologies such as 5G, which require more advanced semiconductors to support faster data transfer speeds and increased connectivity. Additionally, there is a growing focus on energy efficiency and sustainability, leading to the development of more power-efficient semiconductors. These trends are driving the demand for advanced semiconductors in Thailand.

Local special circumstances: Thailand has a well-established electronics manufacturing industry, with several multinational companies setting up production facilities in the country. This has created a favorable environment for the growth of the semiconductors market, as these companies require a steady supply of semiconductors for their manufacturing processes. Additionally, the Thai government has been actively promoting the development of the semiconductor industry through various initiatives and incentives, further fueling its growth.

Underlying macroeconomic factors: Thailand has a strong economy and a large consumer base, which provides a stable market for semiconductors. The country's GDP growth and increasing disposable income have contributed to the growing demand for electronic devices, thereby driving the demand for semiconductors. Furthermore, Thailand's strategic location in Southeast Asia makes it an attractive destination for semiconductor manufacturers, as it provides access to a wider regional market. In conclusion, the Semiconductors market in Thailand is experiencing significant growth due to customer preferences for electronic devices and emerging technologies, trends towards advanced manufacturing processes, local special circumstances such as the presence of multinational companies and government support, and underlying macroeconomic factors such as a strong economy and a large consumer base. These factors are expected to continue driving the growth of the semiconductors market in Thailand in the coming years.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at the manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use the annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.