Thailand Automotive Power Electronics Market (2025-2031) Outlook | Growth, Forecast, Trends, Share, Industry, Analysis, Size, Value, Companies & Revenue
Market Forecast By Device Type (Power IC, Module & Discrete), By Component (Sensor & Microcontroller), By Vehicle Type (Passenger Vehicle, LCV & HCV) And Competitive Landscape
| Product Code: ETC4578446 | Publication Date: Jul 2023 | Updated Date: Sep 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Thailand Automotive Power Electronics Market Synopsis
Power electronics play a crucial role in electric and hybrid vehicles, converting and controlling electrical energy. The Thailand Automotive Power Electronics market is growing as EV adoption increases, emphasizing the importance of efficient power management systems.
Drivers of the Market
The Thailand Automotive Power Electronics Market is witnessing robust growth as vehicles increasingly incorporate power electronic components for efficient energy management. Automotive power electronics include inverters, converters, and motor controllers for electric and hybrid vehicles. The market expansion is fueled by Thailand commitment to electric mobility, meeting energy efficiency standards, and adopting innovative power electronics technologies to optimize the performance of electric drivetrains.
Challenges of the Market
The Thailand Automotive Power Electronics Market faces challenges related to developing power electronics that enhance vehicle efficiency while withstanding harsh automotive environments. Ensuring the reliability and durability of power electronics components is a persistent challenge.
COVID-19 Impact on the Market
The COVID-19 pandemic posed challenges to the Thailand Automotive Power Electronics Market, with disruptions in production and supply chains. However, as the automotive industry embraces electrification, there is an increasing demand for power electronics components, indicating potential opportunities for market recovery and growth in the electric vehicle sector.
Key Players in the Market
The automotive power electronics market in Thailand is influenced by major players such as PowerDrive Electronics and ElectraTech Innovations. These companies are pivotal in the development of power electronic components, including inverters and converters, that play a critical role in the efficient operation of electric and hybrid vehicles, contributing to the advancement of electric mobility in Thailand.
Key Highlights of the Report:
- Thailand Automotive Power Electronics Market Outlook
- Market Size of Thailand Automotive Power Electronics Market, 2024
- Forecast of Thailand Automotive Power Electronics Market, 2031
- Historical Data and Forecast of Thailand Automotive Power Electronics Revenues & Volume for the Period 2021-2031
- Thailand Automotive Power Electronics Market Trend Evolution
- Thailand Automotive Power Electronics Market Drivers and Challenges
- Thailand Automotive Power Electronics Price Trends
- Thailand Automotive Power Electronics Porter's Five Forces
- Thailand Automotive Power Electronics Industry Life Cycle
- Historical Data and Forecast of Thailand Automotive Power Electronics Market Revenues & Volume By Device Type for the Period 2021-2031
- Historical Data and Forecast of Thailand Automotive Power Electronics Market Revenues & Volume By Power IC for the Period 2021-2031
- Historical Data and Forecast of Thailand Automotive Power Electronics Market Revenues & Volume By Module & Discrete for the Period 2021-2031
- Historical Data and Forecast of Thailand Automotive Power Electronics Market Revenues & Volume By Component for the Period 2021-2031
- Historical Data and Forecast of Thailand Automotive Power Electronics Market Revenues & Volume By Sensor & Microcontroller for the Period 2021-2031
- Historical Data and Forecast of Thailand Automotive Power Electronics Market Revenues & Volume By Vehicle Type for the Period 2021-2031
- Historical Data and Forecast of Thailand Automotive Power Electronics Market Revenues & Volume By Passenger Vehicle for the Period 2021-2031
- Historical Data and Forecast of Thailand Automotive Power Electronics Market Revenues & Volume By LCV & HCV for the Period 2021-2031
- Thailand Automotive Power Electronics Import Export Trade Statistics
- Market Opportunity Assessment By Device Type
- Market Opportunity Assessment By Component
- Market Opportunity Assessment By Vehicle Type
- Thailand Automotive Power Electronics Top Companies Market Share
- Thailand Automotive Power Electronics Competitive Benchmarking By Technical and Operational Parameters
- Thailand Automotive Power Electronics Company Profiles
- Thailand Automotive Power Electronics Key Strategic Recommendations
What are the key factors contributing to the growth of the Thailand automotive power electronics market?
The increasing adoption of electric vehicles (EVs) by companies like Nissan and BMW in Thailand is driving the demand for automotive power electronics as these vehicles rely heavily on power electronic components for efficient operation. Additionally, government initiatives to promote EVs and investments by companies like Toyota in developing advanced power electronic solutions are further fueling market growth in Thailand.
Customer preferences in the Thailand automotive power electronics market are increasingly leaning towards electric vehicles (EVs) due to growing environmental consciousness and government incentives. Brands like Nissan with their Leaf EV and Tesla with their Model 3 are gaining traction among Thai consumers. Additionally, there is a rising demand for advanced safety features such as collision avoidance systems and adaptive cruise control, driving the adoption of power electronics in vehicles.
The future of the Thailand automotive power electronics market is expected to be heavily influenced by the increasing adoption of electric vehicles (EVs) by major automotive players like Nissan, Toyota, and BMW. This trend is likely to drive the demand for power electronics components such as inverters, converters, and on-board chargers in the coming years. Additionally, the government's push towards promoting EVs through incentives and infrastructure development is anticipated to further boost the market for automotive power electronics in Thailand.
Major players in the Thailand automotive power electronics market include Infineon Technologies AG, Texas Instruments Inc., and ON Semiconductor. Infineon Technologies AG is known for its expertise in power semiconductor solutions, Texas Instruments Inc. provides a wide range of analog and embedded processing products for automotive applications, while ON Semiconductor is recognized for its innovative power management technologies. These companies are positioned strongly in the market due to their high-quality products and continuous focus on research and development to meet the evolving demands of the automotive industry in Thailand.
The Thailand automotive power electronics market is experiencing significant growth driven by the increasing adoption of electric vehicles (EVs) in the country. Companies like Nissan and BMW are expanding their EV offerings, leading to a surge in demand for power electronics components such as inverters and converters. However, challenges such as the lack of charging infrastructure and high initial costs of EVs are hindering the market's growth. Additionally, the dynamics of government policies and incentives play a crucial role in shaping the market, with Thailand aiming to become a hub for EV manufacturing and export in Southeast Asia.
6Wresearch actively monitors the Thailand Automotive Power Electronics Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Thailand Automotive Power Electronics Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Automotive Power Electronics Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Automotive Power Electronics Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Automotive Power Electronics Market - Industry Life Cycle |
3.4 Thailand Automotive Power Electronics Market - Porter's Five Forces |
3.5 Thailand Automotive Power Electronics Market Revenues & Volume Share, By Device Type, 2021 & 2031F |
3.6 Thailand Automotive Power Electronics Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 Thailand Automotive Power Electronics Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Thailand Automotive Power Electronics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electric vehicles in Thailand |
4.2.2 Government initiatives promoting the adoption of electric vehicles |
4.2.3 Growing investments in research and development for automotive power electronics |
4.3 Market Restraints |
4.3.1 High initial cost of electric vehicles and associated power electronics |
4.3.2 Limited charging infrastructure for electric vehicles in Thailand |
4.3.3 Concerns regarding the range and performance of electric vehicles |
5 Thailand Automotive Power Electronics Market Trends |
6 Thailand Automotive Power Electronics Market, By Types |
6.1 Thailand Automotive Power Electronics Market, By Device Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Automotive Power Electronics Market Revenues & Volume, By Device Type, 2021-2031F |
6.1.3 Thailand Automotive Power Electronics Market Revenues & Volume, By Power IC, 2021-2031F |
6.1.4 Thailand Automotive Power Electronics Market Revenues & Volume, By Module & Discrete, 2021-2031F |
6.2 Thailand Automotive Power Electronics Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 Thailand Automotive Power Electronics Market Revenues & Volume, By Sensor & Microcontroller, 2021-2031F |
6.3 Thailand Automotive Power Electronics Market, By Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 Thailand Automotive Power Electronics Market Revenues & Volume, By Passenger Vehicle, 2021-2031F |
6.3.3 Thailand Automotive Power Electronics Market Revenues & Volume, By LCV & HCV, 2021-2031F |
7 Thailand Automotive Power Electronics Market Import-Export Trade Statistics |
7.1 Thailand Automotive Power Electronics Market Export to Major Countries |
7.2 Thailand Automotive Power Electronics Market Imports from Major Countries |
8 Thailand Automotive Power Electronics Market Key Performance Indicators |
8.1 Average battery life of electric vehicles in Thailand |
8.2 Number of charging stations per capita |
8.3 Percentage of government incentives allocated to electric vehicle adoption |
8.4 Research and development expenditure in automotive power electronics |
8.5 Growth rate of electric vehicle sales compared to traditional vehicles |
9 Thailand Automotive Power Electronics Market - Opportunity Assessment |
9.1 Thailand Automotive Power Electronics Market Opportunity Assessment, By Device Type, 2021 & 2031F |
9.2 Thailand Automotive Power Electronics Market Opportunity Assessment, By Component, 2021 & 2031F |
9.3 Thailand Automotive Power Electronics Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Thailand Automotive Power Electronics Market - Competitive Landscape |
10.1 Thailand Automotive Power Electronics Market Revenue Share, By Companies, 2024 |
10.2 Thailand Automotive Power Electronics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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