Overview
The aviation sector provides opportunities for U.S. airport development, air carriers, aircraft service and parts, and aerospace equipment suppliers. Thailand relies on imported aviation equipment and products, including aircraft, related parts, maintenance services, and airport and ground support equipment. U.S. aviation equipment and technologies are widely accepted and perceived by Thai buyers as high quality, with reliable warranties, after-sales service, and part supplies.
The largest airport operator, Airports of Thailand (AOT), and the Department of Airports have a positive view of the recovery of the Thai air industry. The Thai aviation sector is growing due to a surge in passenger traffic and the recovery of Thailand’s tourism sector. AOT forecasts continued growth, projecting the number of passengers to reach 170 million passengers annually within five years. In response to rising demand, AOT is accelerating development projects across its six airports, including significant expansions at Suvarnabhumi and Don Mueang, and the construction of two new airports in Phuket and Chiang Mai.
To support this growth, AOT is seeking private investment through public private partnerships. Key projects include terminal expansions, logistics and cargo facilities, maintenance services, and transport integration. AOT’s long-term strategy aims to enhance passenger experience, diversify revenue streams, and position Thailand as Southeast Asia’s leading aviation hub.
Other aviation support agencies under the Thai government may undertake procurement projects, including the Civil Aviation Authority of Thailand and the Aeronautical Radio of Thailand, Ltd.
Table: Thailand’s Aviation Market Size – Aircraft and Parts (US$ Millions)
| 2022 | 2023 | 2024 | 2025 (Estimate) |
|---|---|---|---|---|
Total Exports | 2,125 | 1,742 | 1,269 | 1,288 |
Total Imports | 1,531 | 2,202 | 3,032 | 3,078 |
Imports from the U.S. | 1,094 | 9,80 | 989 | 1,003 |
Trade Surplus/Deficit
| 594 | (460) | (1,763) | (1,790) |
Exchange Rates
| 33 | 33 | 33 | 33 |
Source: Customs Department, Thailand’s Ministry of Finance
Leading Sub-sectors
• Aircraft and Parts
• Airport Development
• Ground Support Equipment
• Aviation Services
Opportunities
Thailand is located in the heart of Southeast Asia and will benefit both from the increasing number of tourists and foreign investors as international travel continues to resume following the COVID-19 pandemic.
AOT is moving forward with major infrastructure projects to support growing passenger numbers, starting with the Suvarnabhumi Airport Development Project. This initiative aims to increase the airport’s capacity from 65 million to 150 million passengers annually. Key components include an eastern terminal extension adding capacity to support 15 million passengers, a new southern terminal capable of handling 70 million passengers, and a fourth runway that will accommodate up to 120 flights per hour, significantly boosting operational efficiency.
Don Mueang Airport is also slated for expansion, with plans to raise capacity to 40 million passengers per year through the construction of a new international terminal and upgrades to existing facilities. Additionally, AOT is preparing to build two new airports to handle future demand: the Andaman Airport in Phuket, which will add capacity for 40 million passengers, and the Lanna Airport in Chiang Mai, designed for 20 million. These developments are part of AOT’s broader strategy to expand Thailand’s airport network and strengthen the country’s position as a regional aviation hub.
In addition, opportunities exist for American aviation/aerospace suppliers to provide a range of products and services. Projected requirements include airport construction equipment, ground support equipment, aircraft and parts, MRO services, research and development, human resources (particularly training for pilots and mechanics), aviation safety advisory, security equipment, passenger service equipment, and baggage screening machines.
Resources
Event: Singapore Air Show
Date: February 3-8, 2026
Email: sales2026@singaporeairshow.com