(MENAFN- GlobeNewsWire - Nasdaq) Government support for high-tech industries and investment in renewable energy is boosting adoption. The 200-600 Volt segment dominates, with Southern Vietnam leading in manufacturing.Dublin, June 06, 2025 (GLOBE NEWSWIRE) -- The "Vietnam GaN Power Devices Market, By Region, Competition Forecast & Opportunities, 2019-2029F" has been added to ResearchAndMarkets.com's offering.
The Vietnam GaN Power Devices Market was valued at USD 7.56 Million in 2023 and is expected to reach USD 34.99 Million by 2029, rising at a CAGR of 28.90%.
In recent years, the Vietnam GaN Power Devices Market has witnessed significant growth driven by several key factors. Firstly, the increasing demand for energy-efficient electronic devices and systems has propelled the adoption of GaN technology. As industries strive to enhance power conversion efficiency and reduce carbon footprints, GaN power devices have emerged as a preferred choice due to their superior performance metrics.
The expanding consumer electronics market in Vietnam, including smartphones, tablets, and wearable devices, has contributed to the uptake of GaN power devices. The automotive sector plays a pivotal role in the Vietnam GaN Power Devices Market. The automotive industry's shift towards electric vehicles (EVs) and hybrid electric vehicles (HEVs) requires advanced power electronics solutions that can withstand high temperatures, reduce weight, and increase energy efficiency. GaN power devices meet these requirements, offering automotive manufacturers opportunities to innovate and improve vehicle performance.
Government initiatives and investments in infrastructure development and renewable energy projects have bolstered the demand for GaN power devices in Vietnam. These devices are integral to the efficient generation, transmission, and distribution of electrical power, supporting the country's ambitions for sustainable development and energy independence.
Key Market Drivers
Growing Demand for Energy Efficiency Expansion of Consumer Electronics Sector Rise of Electric Vehicles (EVs) and Renewable Energy Telecommunications and Data Centers Expansion Government Support and Investment in High-Tech Industries
Key Market Challenges
Technological Complexity and Manufacturing Challenges Cost and Pricing Pressures Intellectual Property (IP) Protection and Regulatory Compliance Market Fragmentation and Competition Supply Chain Risks and Dependencies
Key Market Trends
Adoption in Consumer Electronics: One significant trend in the Vietnam GaN Power Devices Market is the increasing adoption of GaN technology in consumer electronics. GaN power devices offer advantages such as higher efficiency, faster charging, and smaller form factors compared to traditional silicon-based devices. As the demand for smaller, lighter, and more energy-efficient devices grows among Vietnamese consumers, GaN power devices are becoming essential components in smartphones, tablets, laptops, and wearable devices. This trend is driven by consumer preferences for faster charging times and longer battery life, which GaN technology can effectively address.
Expansion in Automotive Applications: Another emerging trend is the expansion of GaN power devices in the automotive sector in Vietnam. With the global shift towards electric vehicles (EVs) and hybrid electric vehicles (HEVs), there is a growing demand for power electronics solutions that can handle higher voltages and temperatures while reducing energy losses. GaN technology's ability to operate efficiently at higher frequencies and temperatures makes it suitable for applications such as onboard chargers, DC-DC converters, and motor drives in electric and hybrid vehicles. This trend is supported by government initiatives to promote electric mobility and reduce carbon emissions, driving the adoption of GaN power devices by automotive manufacturers and suppliers in Vietnam.
Integration in Renewable Energy: GaN power devices are increasingly integrated into renewable energy systems in Vietnam, such as solar inverters and wind turbine converters. These devices offer improved power conversion efficiency, reliability, and thermal management compared to conventional silicon-based devices. As Vietnam seeks to enhance its renewable energy capacity and reduce dependency on fossil fuels, GaN technology plays a crucial role in optimizing energy generation, transmission, and distribution processes. This trend is fueled by investments in renewable energy projects and the country's commitment to achieving sustainable development goals.
Emergence in Industrial Applications: GaN power devices are gaining traction in various industrial applications across Vietnam, including industrial motor drives, power supplies, and uninterruptible power systems (UPS). Industries are increasingly adopting GaN technology to improve operational efficiency, reduce maintenance costs, and enhance productivity. The ability of GaN devices to operate at higher frequencies and with lower losses makes them suitable for high-performance industrial equipment, contributing to the growth of the GaN Power Devices Market in the industrial sector.
Technological Advancements and Innovations: Ongoing advancements in GaN semiconductor technology, such as the development of higher voltage and current capabilities, improved reliability, and enhanced thermal management solutions, are driving innovation in the Vietnam GaN Power Devices Market. These advancements enable manufacturers to expand the range of applications for GaN devices, improve product performance, and meet evolving customer demands for efficiency, reliability, and sustainability.
Regional Insights
Southern Vietnam has emerged as a dominant force in the Vietnam GaN Power Devices market. The region is a hub of industrial activity and economic growth, with significant investments in manufacturing and technology infrastructure. This conducive environment has attracted semiconductor companies and technology firms that specialize in GaN power devices, establishing Southern Vietnam as a focal point for research, development, and production in this sector.
Southern Vietnam benefits from strategic geographical positioning and logistical advantages, facilitating easier access to raw materials, supply chains, and export markets. This logistical efficiency supports the manufacturing and distribution of GaN power devices across Vietnam and beyond, enhancing the region's competitive edge in the market. Southern Vietnam's supportive business environment, including favorable government policies and incentives for technology investments, encourages innovation and entrepreneurship in the semiconductor industry. Companies in the region are incentivized to develop and commercialize advanced GaN power devices, leveraging local talent and resources to meet growing domestic and international demand.
Southern Vietnam's proximity to key consumer markets and industries enhances its appeal as a manufacturing and distribution hub for GaN power devices. The region's connectivity to major cities and ports facilitates efficient transportation and logistics, enabling timely delivery of GaN devices to customers and end-users across Vietnam and Southeast Asia. Southern Vietnam's emergence as a dominant force in the GaN Power Devices market is supported by a robust ecosystem of research institutions, universities, and technical colleges that provide skilled manpower and expertise in semiconductor technology. This pool of talent contributes to continuous innovation, product development, and adaptation of GaN power devices to meet evolving market demands and technological advancements.
Key Players Profiled in Vietnam's GaN Power Devices Market
Infineon Technologies AG Qorvo, Inc. MACOM Technology Solutions Holdings, Inc. Microchip Technology Inc. Analog Devices, Inc. Efficient Power Conversion Corporation Integra Lifesciences Holdings Corporation Transphorm, Inc. Navitas Semiconductor Corporation Texas Instruments Incorporated
Report Scope
In this report, the Vietnam GaN Power Devices Market has been segmented into the following categories:
Vietnam GaN Power Devices Market, By Device Type:
Vietnam GaN Power Devices Market, By Voltage Range:
< 200 Volt 200-600 Volt >600 Volt
Vietnam GaN Power Devices Market, By Application:
Power Drivers Supply & Inverter Radio Frequency
Vietnam GaN Power Devices Market, By End User:
Telecommunication Industrial Automotive Renewables Consumer & Enterprise Military Defense & Aerospace Others
Vietnam GaN Power Devices Market, By Region:
Southern Vietnam Northern Vietnam Central Vietnam
Key Attributes
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