Market Size of Thailand Telecom Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 21.53 Billion |
| Market Size (2029) | USD 25.99 Billion |
| CAGR (2024 - 2029) | 3.83 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Thailand Telecom Market Analysis
The Thailand Telecom Market size is estimated at USD 21.53 billion in 2024, and is expected to reach USD 25.99 billion by 2029, growing at a CAGR of 3.83% during the forecast period (2024-2029).
Most major telecom companies, such as AIS, DTAC, TrueMove, CAT Telecom, and Thaicom, are based in Thailand and promote innovation by making significant R&D investments consistently.
- Key players in the market are focused on deploying a 5G network that fulfills customers' needs. A high-capacity 5G data network will also support the Thailand government's action plan for promoting the adoption of 5G Technology in Thailand. According to a GSMA, 5G will drive a GDP uplift in Thailand by USD 10 billion by the end of 2030.
- For Instance, Ericsson's collaboration with ABB enables 5G connectivity to enterprises across a broad range of industries, including manufacturing, airports, ports, oil and gas, and mining. For service providers, 5G represents the excellent potential for providing new customer experiences and driving the market growth.
- For Instance, In July this year, Ericsson partnered with King Mongkut University of Technology Thonburi (KMUTT) to support Thailand students in developing a 5 G-ready workforce in Thailand. Such initiatives will drive the telecom market to grow further.
- High installation cost is the primary restraint for the Thailand telecom market. To sustain growth in the telecom market, key players need to provide affordable services for customers.
- The COVID-19 pandemic has also changed the world. Due to the pandemic, a large portion of the Thailand population was forced to spend almost constantly at home. Thus, it increases the number of mobile subscribers and digital channels also increased. Post COVID-19 scenario created an unexpectedly high demand for mobile, fixed broadband, and OTT services.
