Bangkok, May 11 - Krungthai COMPASS Research Center reveals space technology (Space Technology) to increase the competitiveness of the business sector "agriculture, transport, construction" and advises the government to support the business sector to apply more technology. Expected investment of 200 billion baht

Phacharapoj Nuntramas, Executive Vice President and Chief Economist of Krung Thai Bank, revealed that digital transformation trends around the world tend to grow continuously. After the COVID-19 era and will be a driving force for the business sector to apply Space Technology or space technology To deal with the risk factors that the world pays attention to, such as Climate Change or climate change. food security issues Including the risk of interruption of the production chain. Thailand uses satellite maps to assess the flood situation. or detect forest fires While in many countries around the world, Space Technology has been developed and used more widely in the business sector, such as the use of remote data from satellites to plan crops efficiently. Commercial use of satellite navigation with autonomous vehicle technology The use of satellite data to develop the city to be a smart city (Smart City)

Mr. Apinan Soprasert, Analyst at Krungthai COMPASS Research Center, said that Space Technology will increase opportunities for Thai entrepreneurs in 3 main groups: agricultural business, transportation business and construction business. in the agricultural sector use of satellite imaging technology It will help reduce the impact on rice production from climate change by about 2,354 million baht per year for the transport sector. The use of satellite navigation technology will reduce production losses during fruit and vegetable export shipments by around 3 billion baht per year. can use remote sensing technology applied to drone technology in order to efficiently survey and adjust the area before construction. which helps reduce construction costs by 10-20%

Mr. Pramote Wattananusarn, Krungthai COMPASS Research Center analyst, said that the government must play an important role in creating awareness of the benefits of technology. And support the business sector in applying more technology, such as the Geo-Informatics and Space Technology Development Agency (GISTDA) and start-up businesses that are assessed as If Thailand aims to upgrade to a country with medium-level advancement in space technology, it requires an investment of at least 200,000 million baht over the next 10 years, or an average investment of 20,000 million baht per year.

Source: Thai News Agency