2025 Thailand PCB Industry Market Analysis: Rapid Expansion, Technological Upgrades, and Policy-Driven Growth

In 2025, Thailand’s PCB industry has emerged as a pivotal hub in the global electronics supply chain shift, characterized by scale expansion, technological advancements, and policy-driven momentum.

1. Accelerated Industrial Scale and Layout

• Thailand’s PCB output share is projected to rise from 3.8% in 2023 to 4.7% globally, with investment exceeding 170 billion Thai baht (~$5 billion USD) and a 120% surge in enterprise numbers over two years.

• International giants are accelerating localization:

• 20 Mainland Chinese listed companies (e.g., Kingwang, WUS Printed Circuit) invested over ¥19.2 billion.

• Taiwanese firms (e.g., Zhen Ding, Tripod Technology) focus on high-end HDI products.

• Japanese and Korean players (e.g., Nippon Mektron, Samsung Electro-Mechanics) maintain long-term presence.

• Local enterprises are gaining global competitiveness through technological upgrades, with some achieving automotive-grade certifications.

2. Dual Drivers: Policy Support and Infrastructure

• Thailand’s government introduced an 8-year corporate tax exemption to boost localized production to 60%, leveraging the “Thailand 4.0” strategy and RCEP agreements to enhance competitiveness.

• The Eastern Economic Corridor (EEC) has become a preferred location for PCB firms, offering proximity to electronics clusters, green energy infrastructure, and strong supply chain synergies.

3. Diversified Market Demand

• Automotive Electronics: EV powertrain systems drive PCB layer counts to 8-12 layers, with local and international automakers establishing battery plants.

• AI Servers & Data Centers: Demand surges, tripling PCB value per unit.

• Consumer Electronics: FPC demand grows 15% due to foldable smartphones.

4. Challenges and Opportunities

• Challenges: Incomplete local supply chains, technology embargoes in high-end fields, and EU carbon tariffs (PCB carbon footprint < 2 kg CO₂/㎡).

• Opportunities: Globalization strategies, AI-powered quality control systems, and local talent development (university-industry partnerships).

5. Future Outlook

Thailand’s PCB sector will accelerate supply chain refinement and high-end transformation, targeting breakthroughs in high-density interconnects (HDI), RF/high-speed materials, and leveraging policy advantages to solidify its role in global electronics.