SVI Electronics manufacturing platform
SVI (SET: SVI) is a listed Thai EMS contract manufacturer focused on industrial, medical, automotive, storage customers. FY2024 consolidated revenue approximately THB 25B. SVI's customer concentration skews specialty, industrial (vs mass-consumer EMS peers), providing margin resilience, product-mix diversity. Plants primarily in Thailand with scale across box-build, PCBA, test services.
Snapshot
Headline numbers a buyer checks first.
FY2024 revenue
~THB 25B
FY2024
Ticker
SET: SVI
Listed 1996
Mix
Industrial, medical, automotive EMS
FY2024
Location
Thailand
Ongoing
What this company actually does
SVI provides EMS contract manufacturing: PCBA (printed circuit board assembly), box-build assembly, test, supply-chain management, and limited design services. Customer base spans European industrial, medical OEMs, automotive tier-1/2 suppliers, and enterprise-storage, telecom-equipment brands. Product mix skews specialty, low-mid volume / high-mix which earns premium-vs-consumer-EMS margins.[]
Strategic position: SVI is the industrial-EMS specialist in Thai listed stack. Less cyclical exposure than Cal-Comp (consumer), more volume stability than Stars (OSAT-only). Competitive set: Malaysian, Vietnamese EMS, Europen-based industrial EMS. Margin discipline, customer-retention, quality track record are the franchise assets.[]
Business segments
Industrial EMS
European OEM industrial electronics
Primary revenue driver: PCBA and box-build for European industrial automation, test, and measurement OEMs. High-mix, low-to-mid volume. Gross margins estimated 8–12%, above consumer-EMS peer benchmarks.
Medical EMS
Medical device contract manufacturing
Medical-device PCBA (IVD, imaging peripherals, patient monitoring) requires ISO 13485 quality management. SVI holds ISO 13485 certification. Medical accounts for an estimated 20–25% of revenue.
Automotive EMS
Tier-1/2 auto-electronics
Automotive electronics sub-assembly for Japanese and European tier-1/2 suppliers operating in Thailand. EV transition is both a risk (ICE content reduction) and opportunity (power-electronics content growth).
Storage and telecom
Enterprise storage, networking
Enterprise-storage PCBA and server-board assembly. Small but stable segment; US-brand OEMs supply SVI with bill-of-materials. Telecom infrastructure PCBA completes the product mix.
Thai listed EMS — peer comparison (FY2024)
SVI versus Thai-listed EMS peers by revenue, mix, and margin profile.
Ticker
SET:CCET
FY2024 revenue (THB B)
~200B
Customer mix
Consumer, PC OEM
Note
Largest listed EMS by revenue; consumer-heavy
Ticker
SET:HANA
FY2024 revenue (THB B)
~25B
Customer mix
Industrial, automotive
Note
OSAT and EMS mix; regional plants
Ticker
SET:SVI
FY2024 revenue (THB B)
~25B
Customer mix
Industrial, medical, automotive
Note
Specialty high-mix focus; best margins in tier
Ticker
SET:KCE
FY2024 revenue (THB B)
~15B
Customer mix
PCB, automotive boards
Note
PCB manufacturer; different value chain
| Company | Ticker | FY2024 revenue (THB B) | Customer mix | Note |
|---|---|---|---|---|
| Cal-Comp Electronics | SET:CCET | ~200B | Consumer, PC OEM | Largest listed EMS by revenue; consumer-heavy |
| Hana Microelectronics | SET:HANA | ~25B | Industrial, automotive | OSAT and EMS mix; regional plants |
| SVI | SET:SVI | ~25B | Industrial, medical, automotive | Specialty high-mix focus; best margins in tier |
| KCE Electronics | SET:KCE | ~15B | PCB, automotive boards | PCB manufacturer; different value chain |
Watchpoints 2025–2026
China-plus-one
European OEM Thailand sourcing wins
European industrial OEMs are accelerating diversification away from China-based EMS suppliers. SVI is positioned as a qualified Thailand alternative with existing European customer relationships and ISO certifications.
EV transition
Automotive electronics content shift
EV platforms increase power-electronics and battery-management PCB content per vehicle. SVI's automotive customers are transitioning; net content impact is positive for EMS specialists with EV qualification.
Medical demand
Post-COVID medical device restocking
Global medical OEMs depleted inventory buffers during COVID; restocking cycle is ongoing. ISO 13485-certified Thai EMS suppliers like SVI benefit from backlog normalisation.
Related Market profiles
Peers, parents, partners, agencies, and other Electronics & Semiconductors actors.
Competitor
Hana Microelectronics
Listed EMS peer; different product mix.
Open Market profile →
Competitor
Cal-Comp Electronics (Thailand)
Larger listed EMS with consumer, PC OEM mix.
Open Market profile →
Competitor
KCE Electronics
Listed PCB focused, adjacent product mix.
Open Market profile →
Sector peer
LG Electronics Thailand
Thai subsidiary of LG Electronics; markets and distributes home appliances, air conditioners, and consumer electronics across Thailand.
Open Market profile →
Sources + data provenance
Every filing, filing-adjacent register, or trusted industry source cited in this profile.
Reports featuring this profile
Thailand Electronics & Semiconductors Market Intelligence
Listed Thai EMS contract manufacturer; industrial, medical, automotive customer mix; FY2024 revenue ~THB 25B.
Open report →
Sits alongside 7 other Atlas profilesKCE: PCB Cycle and the Automotive-Electronics Rotation
Adjacent SET:SVI in EMS
Open report →
Sits alongside 5 other Atlas profilesRelated Market profiles
competitor
Hana Microelectronics
Listed Thai EMS, IC packaging, PMIC, RFID; Thailand, Cambodia plants; FY2024 revenue ~THB 25B.
competitor
Cal-Comp Electronics (Thailand)
Kinpo Taiwan-parent listed EMS; printers, networking, IoT, PC OEM; FY2024 revenue ~THB 65B.
competitor
KCE Electronics
Listed Thai PCB manufacturer; automotive, consumer, industrial PCBs; FY2024 revenue ~THB 15B.