Forecast: Number of Mobile Cellular Subscriptions in Thailand

The number of mobile cellular subscriptions in Thailand has shown considerable growth from 2013 to 2023, peaking at 179.08 subscriptions per hundred persons in 2023. The year-on-year variation over the last two years illustrated a moderate increase of 4.46% in 2022 followed by a slight growth of 1.57% in 2023. The 5-year CAGR from 2019 to 2023 stands at 0.36%, indicating a slow but steady increase in subscriptions.

Looking ahead to the forecasted period from 2024 to 2028, a stable increase is expected with the subscriptions per hundred persons predicted to reach 191.18 by 2028. The forecasted year-on-year growth rates imply a consistent rise with the 5-year CAGR projected at 1.02%, showing a gradual yet positive trend in subscriptions.

Future trends to watch for include:

• Technological advancements in mobile communications and potential 5G adoption.
• Shifts in consumer behavior towards more digital and connected lifestyles.
• Regulatory changes and economic factors that could impact subscription rates.