Thailand’s smart electronics and IT sectors set for growth with EV production

The Office of Industrial Economics (OIE) anticipates a significant surge in Thailand’s smart electronics, and IT sectors in the forthcoming year.

The trigger for this expected growth is the commencement of production by global electric vehicle (EV) manufacturers within the country.

The assembly of EVs is heavily reliant on electronics and IT products, hence the increased demand in these sectors, stated Warawan Chitaroon, the director-general of OIE. The production of EVs by manufacturers is projected to kickstart in the initial quarter of 2024.

The government’s focus is on the potential for high growth in the EV, IT, and smart electronics industries, as explained by Warawan. The growth in these sectors aligns with the country’s export sector ambitions as Thailand aims to establish itself as a regional hub for EVs. These are intended for both…