Thailand Smart Cities Market Size & Outlook, 2023-2030

The smart cities market in Thailand is expected to reach a projected revenue of US$ 68.4 billion by 2030. A compound annual growth rate of 35% is expected of Thailand smart cities market from 2024 to 2030.
Revenue, 2023 (US$B)
$8.4
Forecast, 2030 (US$B)
$68.4
CAGR, 2024 - 2030
35%
Report Coverage
Thailand

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 2023USD 8.4 billion
Market revenue in 2030USD 68.4 billion
Growth rate35% (CAGR from 2023 to 2030)
Largest segmentSmart transportation
Fastest growing segmentSmart Transportation
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD billion
Market segmentationSmart Governance, Smart Building, Environmental Solution, Smart Utilities, Smart Transportation, Smart Healthcare
Key market players worldwideABB 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 Companies

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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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Target buyers of Thailand smart cities market databook

  • Our clientele includes a mix of smart cities market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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)

Thailand smart cities market size, by application, 2018-2030 (US$B)

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