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 |
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.
Thailand Telecom Industry Segmentation
Telecom or Telecommunication is the long-range transmission of information by electromagnetic means. Thailand's Telecom Market includes in-depth trend analysis based on connectivity like Fixed Networks, Mobile Networks, and Telecom Towers. The telecom services are divided into Voice Services (Wired and Wireless), Data and Messaging Services, and OTT and PayTV Services. Several factors, including an increasing demand for 5G, likely drive the adoption of telecom services. The market sizes and forecasts are present in value (USD million) for all the above segments.
| By Services | ||||
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| Data and Messaging Services (Coverage to include Internet & Handset Data packages, Package Discounts) | ||||
| OTT and PayTV Services |
Thailand Telecom Market Size Summary
The Thailand telecom market is poised for steady growth, driven by significant investments in research and development by major players such as AIS, DTAC, TrueMove, CAT Telecom, and Thaicom. These companies are actively expanding their 5G networks to meet increasing customer demands and support the government's initiative to enhance 5G technology adoption. The deployment of high-capacity 5G networks is expected to create new customer experiences and drive market expansion. Additionally, partnerships and collaborations, such as those between Ericsson and ABB, and AIS with Nokia and ZTE Corporation, are facilitating advancements in connectivity solutions, further propelling the market forward. Despite the high installation costs posing a challenge, the market is witnessing a shift towards fiber-based broadband services, supported by improved regulatory guidelines and government investments in broadband connectivity.
The demand for mobile data and over-the-top (OTT) services is on the rise, fueled by the increasing number of mobile subscriptions and high internet penetration in Thailand. Key players are enhancing their network capacities to provide high-speed connectivity, which is essential for catering to the growing consumer base. The transition from copper-based to fiber-based broadband services is creating new growth opportunities, with companies like AIS offering high-speed fiber-optic services. The market's moderate fragmentation is characterized by ongoing partnerships and technological advancements, as seen in collaborations aimed at developing 5G private networks and enhancing customer experiences. These developments are expected to sustain the market's growth trajectory, offering new avenues for expansion in the digital landscape.
Thailand Telecom Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Ecosystem Analysis
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1.3 Industry Attractiveness-Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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1.4 COVID-19 Impact on the Industry Ecosystem
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1.5 Regulatory Landscape in the Thailand
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2. MARKET SEGMENTATION
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2.1 By Services
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2.1.1 Voice Services
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2.1.1.1 Wired
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2.1.1.2 Wireless
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2.1.2 Data and Messaging Services (Coverage to include Internet & Handset Data packages, Package Discounts)
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2.1.3 OTT and PayTV Services
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Thailand Telecom Market Size FAQs
How big is the Thailand Telecom Market?
The Thailand Telecom Market size is expected to reach USD 21.53 billion in 2024 and grow at a CAGR of 3.83% to reach USD 25.99 billion by 2029.
What is the current Thailand Telecom Market size?
In 2024, the Thailand Telecom Market size is expected to reach USD 21.53 billion.
