. In 2022, electronics products were one of Thailand’s
, amounting to over 34 billion U.S. dollars in value, leading other major product groups such as automotive, food, and electrical appliances. After the COVID-19 pandemic, the electronics manufacturing industry is expected to recover in 2023 due to technology development plans, especially for the production of electronic parts driven by 5G enrollment. The Thai government also promoted the electronics manufacturing industry to support the smart electronics industry as a part of the targeted industries in the Eastern Economic Corridor (EEC) development plan.
The competitiveness of Thailand’s electronics manufacturing industry
Thailand is considered a hub for electronics manufacturing worldwide. However, with only a 1.8 percent market share of the global electronics exports, Thailand’s electronics manufacturing industry is relatively small compared to other regions like China, Hong Kong, and Taiwan. In the past years, there seemed to be several advantages for electronics production in Thailand, such as
low-cost labor , being at the center of the ASEAN region, and being in the ASEAN Free Trade Area (AFTA). But, with rapidly changing technologies and higher cost of labor, Thailand has struggled to be competitive against other neighboring countries like Vietnam and Malaysia. As of the first quarter of 2023, the
manufacturing production index (MPI) of the electronics industry in Thailand stood at 83 points.
Leading electronics manufacturers in Thailand
Most large-sized electronics manufacturers in Thailand produce integrated circuits and parts of hard disk drives, diodes, transistors, semiconductors, and capacitors. However, small and medium-scaled electronics manufacturers are limited in their technology development ability, producing lower-cost products such as parts and printers for HDDs, cables, and computer parts and equipment. Electronics manufacturers in the country are mostly international companies or joint ventures such as Seagate Technology (Thailand) Ltd. and Western Digital (Thailand) Co., Ltd. As for domestic electronics manufacturers, some of the leading manufacturers are Delta Electronics PCL, Hana Microelectronics PCL, SVI PCL, and KCE Electronics PCL. In 2022, the
total revenue generated by Delta Electronics PCL was the highest, amounting to almost 120 billion Thai baht.
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