Thailand Smart Cities Market Size & Outlook, 2023-2030
Thailand smart cities market, 2018-2030 (US$B)
Related Markets
Thailand smart cities market highlights
- The Thailand smart cities market generated a revenue of USD 8.4 billion in 2023 and is expected to reach USD 68.4 billion by 2030.
- The Thailand market is expected to grow at a CAGR of 35% from 2024 to 2030.
- In terms of segment, smart transportation was the largest revenue generating application in 2023.
- Smart Transportation is the most lucrative application segment registering the fastest growth during the forecast period.
Smart cities market data book summary
| Market revenue in 2023 | USD 8.4 billion |
| Market revenue in 2030 | USD 68.4 billion |
| Growth rate | 35% (CAGR from 2023 to 2030) |
| Largest segment | Smart transportation |
| Fastest growing segment | Smart Transportation |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Smart Governance, Smart Building, Environmental Solution, Smart Utilities, Smart Transportation, Smart Healthcare |
| Key market players worldwide | ABB Ltd, Schneider Electric SE, Cisco Systems Inc, Telefonaktiebolaget L M Ericsson ADR, Honeywell International Inc, International Business Machines Corp, Itron Inc, Kapsch Group, Huawei Technologies, Microsoft Corp, Oracle Corp, Ams-OSRAM AG, SAP SE, Siemens AG, Telensa, Verizon Communications Inc, Vodafone Group PLC |
Other key industry trends
- In terms of revenue, Thailand accounted for 1.1% of the global smart cities market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China smart cities market is projected to lead the regional market in terms of revenue in 2030.
- Vietnam is the fastest growing regional market in Asia Pacific and is projected to reach USD 57.7 billion by 2030.
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Smart Cities Market Scope
Smart Cities Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Thailand smart cities market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart cities market will help companies and investors design strategic landscapes.
Smart transportation was the largest segment with a revenue share of 61.9% in 2023. Horizon Databook has segmented the Thailand smart cities market based on smart governance, smart building, environmental solution, smart utilities, smart transportation, smart healthcare covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of smart cities market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Thailand smart cities market , including forecasts for subscribers. This country databook contains high-level insights into Thailand smart cities market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand smart cities market size, by application, 2018-2030 (US$B)
Thailand Smart Cities Market Outlook Share, 2023 & 2030 (US$B)
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