Insight

Reference

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Supporting source

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Army capability share

~38%

As ofFY2024·Sources2·Supporting

Royal Thai Army (land, armored, artillery) is the largest service-branch capability segment — Rheinmetall Boxer, Fuchs, Chaiseri, Panus Assembly armored vehicles anchor procurement.

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Figure in context

Royal Thai Army (land, armored, artillery) is the largest service-branch capability segment — Rheinmetall Boxer, Fuchs, Chaiseri, Panus Assembly armored vehicles anchor procurement.

Royal Thai Army (land, armored, artillery) is the largest service-branch capability segment — Rheinmetall Boxer, Fuchs, Chaiseri, Panus Assembly armored vehicles anchor procurement.

Time scope

FY2024

Source basis

Supporting source

Interpretation notes

What this tells you

Royal Thai Army (land, armored, artillery) is the largest service-branch capability segment — Rheinmetall Boxer, Fuchs, Chaiseri, Panus Assembly armored vehicles anchor procurement.

What not to do with it

Use the linked report for interpretation and keep basis differences explicit.

Related figures

Adjacent numbers that add context without drowning the value.

FY2024
~THB 160B

Thailand defence, security equipment size

MoD budget, SIPRI, Jane's

FY2024
~28%

Air Force capability share

Jane's, SIPRI, RTAF disclosures

FY2024
~20%

Navy capability share

Jane's, RTN disclosures

FY2024
~4%

Indigenous, DTI industry share

DTI, MoD

FY2020-FY2024
~USD 5.5B (2024)

Thailand Ministry of Defence budget (2020-2024)

SIPRI Military Expenditure Database, Thailand Bureau of the Budget, MoD annual budget statements

FY2024
Army ~46% / Air Force ~22% / Navy ~21%

MoD budget allocation by service branch

Thailand Bureau of the Budget FY2024 Budget Act, Defence News service breakdowns, IISS Military Balance

Report context

Thailand Defense & Security Equipment Market Intelligence

Thailand defence, security equipment ~THB 160B annually (~USD 4.6B) per Ministry of Defence budget, SIPRI, Jane's, procurement disclosures. Capability mix: Army (land, armored, artillery) ~38%, Air Force (fighter, transport, UAV) ~28%, Navy (surface, submarine, coastal) ~20%, dual-use, C4ISR, cybersecurity ~10%, indigenous, DTI, Thai defence industry ~4%. Key OEMs: Saab (Gripen C/D fighters), Lockheed Martin (F-16, C-130, S-70 helicopter), BAE Systems (F-16 upgrade, missile), Airbus Defence (C-295, CN-235, H225M), Rheinmetall (Boxer, Fuchs, ammunition), Northrop Grumman (radar, C4ISR), Thales, Leonardo, Nexter. Indigenous: Defence Technology Institute (DTI), Chaiseri, Panus Assembly armored vehicles, R.V. Connex, Thai Aerospace Industries aerospace, Bangkok Dock, Asimar Marine naval. S26T submarine (China) saga, next-gen fighter, UAV, dual-use are key near-term issues.

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Atlas actors in this figure's reports

Profiles covered in the report that cite this number.

CH. Karnchang

Largest-ROE Thai civil contractor; MRT Orange Line west, Xayaburi hydropower, dam-project pipeline; FY2024 revenue ~THB 35B.

EGAT (Electricity Generating Authority of Thailand)

Thailand's state-owned electricity generator, transmission operator, single-buyer PPA counterparty; ~15-20 GW own capacity.

Italian-Thai Development

Largest-revenue Thai civil contractor; MRT Orange Line east, Suvarnabhumi, Don Mueang; FY2024 revenue ~THB 55B; Dawei legacy watchpoint.

Sino-Thai Engineering and Construction

Third major Thai civil contractor; balanced building, infrastructure; FY2024 revenue ~THB 28B; no offshore legacy risk.

Army capability share · Insight