Industry Horizon (October 2021)

4th wave of digital technology causes global industrial transformation

Frontier technologies offer a window of opportunity to increase productivity

Commercialized technology patents concentrated in AI, Robotics and IOT with US and China as major players

Manufacturing and Finance are among the most early adopters of new technology

Frontier technologies will be combined to create new technology trends that will affect all sectors, but their impact varies by industry

New technology spending will continue to record a strong growth momentum and contribute almost half of the revenue growth in global industry in 2023

Automobile: IoT adopted for system integration in connected production plants

Automobile: IoT adopted for system integration…

Automobile: Robotics used for checking assembly works and distribute  parts to assembly lines

Automobile: Robotics used for checking assembly works…

Automobile: AI helps manage supply chain and inspect production process

Automobile: AI helps manage supply chain…

Healthcare: Robotics mostly utilized for surgical procedure entering necessary parts

Healthcare: Robotics mostly utilized for surgical procedure…

Healthcare: AI adopted for rapid diagnosis and following-up the infection

Healthcare: AI adopted for rapid diagnosis…

Healthcare: 3D printing implemented for producing dental products and surgical devices

Healthcare: 3D printing implemented for producing dental products…

Real estate: AI - Virtual Reality (VR)/ Augmented Reality (AR) allows project members working together from remote areas

Real estate: AI - Virtual Reality (VR)/ Augmented Reality (AR) allows project members…

Real estate: 3D printing mostly used with robotic arms to complete construction process

Real estate: 3D printing mostly used with robotic arms…

Air transport: Robotics (Disinfection Robots) minimize the spread of viruses and reduce interaction between passengers and staff

Air transport: Robotics (Disinfection Robots) minimize the spread of viruses…

Air transport: AI (AI Robots) responds to customers as digital human concierges

Air transport: AI (AI Robots) responds to customers…

Hospitality: AI (VR & AI Robots) can welcome visitors and remember guests’ face

Hospitality: AI (VR & AI Robots) can welcome visitors…

Agriculture: The use of Robotics help overcome problems with labor shortages, save time, and raise production standards

Agriculture: The use of Robotics help overcome problems…

Agriculture: Drone helps farmers to check crop health and livestock movements

Agriculture: Drone helps farmers…

Agriculture: Blockchain used for supply chain tracking and data management

Agriculture: Blockchain used for supply chain tracking…

Global: Growth boosted by huge policy supports and major economies’ reopening in 2021 but could moderate on policy normalization in 2022-23 

Recent supply disruption and rising price pressures weigh on manufacturing sector but easing COVID-19 situation is a tailwind

Thailand: Economy likely to grow only 0.6% in 2021, hit by more severe outbreak; After reopening, growth would improve in 2022-23 but at a gradual pace given lingering economic scars

Virus resurgence hit manufacturing production in Q3; Rising exports and easing containment measures will support growth ahead

Automobile: Demand recovers on improving export markets. Supply disruption from chip shortages expected to ease in 2H22

HDD: Increasing demand for cloud computing services and big data storages will support export growth momentum

IC: Demand growth in electronics will continue to boost exports

Medical Devices: Exports would turn to grow at 8.0% p.a. in 2022-23 following accelerating growth in the previous 2 years

Contractors & Construction Materials: Spending on government megaprojects continues to be key driver of growth

Housing in BMR: Demand would gradually recover in step with improving purchasing power

Office Buildings: Huge supply and slow demand recovery will lead to a fall in the occupancy rate to multi-year lows

Industrial Estate: Investment tends to increase on acceleration of infrastructure projects focusing on EEC

Hotels: Foreign tourist arrivals would turn to a normal level in 2025

Modern Trade: Sales expected to improve on eased control measures and the return of tourists

Warehouse Space for Rent: Operators will benefit from a rebound in exports and e-commerce boom

Sea freight services: Income boosted by global economic recovery and still-high freight rate

 

Cassava: Strong demand from China continues to support export growth

Rice: Exports expected to improve on lower prices and government stimulus measures