Vietnam Servo Drive Market (2025-2031) | Analysis, Forecast, Share, Trends, Industry, Growth, Size, Value, Companies & Revenue

Topics Covered in the Vietnam Servo Drive Market

Vietnam Servo Drive Market report thoroughly covers the market by drive, by voltage, and by end-user. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Vietnam Servo Drive Market Synopsis

Vietnam Servo Drive Market has registered a remarkable surge in growth due to industrialization in the past few years. Servo drives control the speed and position of electric motors, enabling precise and dynamic motion control. With the rise of automation in various industries in Vietnam, the demand for servo drives has surged in recent years. The Vietnam servo drive market is expected to grow significantly in the coming years, backed by the country's investments in technological advancement.

According to 6Wresearch, the Vietnam Servo Drive Market size is estimated to be valued at around 202 million USD, and it is projected to grow at a CAGR of 9.5% during the forecast period of 2025-2031. The growth is primarily attributed to its applications in industrial automation, robotics, and precision motion control systems. The expansion of the market has been driven by the automation of manufacturing processes, the need for high-precision machinery, and the growth of robotics in various industries. The Vietnam Servo Drive Industry growth has been further bolstered by advancements in servo drive technology, increased efficiency and accuracy of motion control systems, and the adoption of Industry 4.0 practices for smart manufacturing. However, the need to provide precise and efficient motion control solutions for industrial automation and robotics applications creates growth barriers for the market. Additionally, ensuring servo drive quality, motion accuracy, and cost-effectiveness while managing production costs and addressing automation system requirements pose significant hurdles. Market players must also adapt to changing servo drive technology advancements and manufacturing automation trends. Apart from this, there are several trends including increasing demand for energy-efficient servo drives. Businesses are becoming more environmentally conscious, and they prefer using servo drives that consume less energy.

Government policies and schemes introduced in the Vietnam Servo Drive Market

The government policies and schemes are dynamic in shaping the industrial sector. The government's National Digital Transformation program aims to transform Vietnam into a digitally advanced country by 2030. The program has identified automation as one of the significant pillars for achieving the objective. The government has rolled out various policies to support the Vietnam Servo Drive Market Growth, such as tax exemptions and incentives for companies investing in automation. Apart from the National Digital Transformation program, the government introduced the Vietnam Industry 4.0 plan in 2018, which provided a roadmap for implementing Industry 4.0 technologies in the country.

Key players in the Vietnam Servo Drive Market

The Vietnam servo drive market is comprised of various prominent players, including ServoDriveTech Vietnam and AutomationControls Co., Ltd. These companies offer servo drive systems for precision control and automation in industrial applications.

Market by Drive

According to Suryakant Kashyap, Senior Research Analyst, 6Wresearch, AC servo drives are expected to dominate the Vietnam Servo Drive Market Share over the coming years. These are utilized for applications that require high accuracy and speed regulation. Also, AC drives are projected to witness immense growth due to increasing industrial automation applications in the country.

Market by End-User

Based on end-user, the automotive sector has been one of the largest adopters of servo drives. The healthcare sector also utilizes servo drives for X-ray machines.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024.
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Vietnam Servo Drive Market Outlook
• Market Size of Vietnam Servo Drive Market, 2024
• Forecast of Vietnam Servo Drive Market, 2031
• Historical Data and Forecast of Vietnam Servo Drive Revenues & Volume for the Period 2021 - 2031
• Vietnam Servo Drive Market Trend Evolution
• Vietnam Servo Drive Market Drivers and Challenges
• Vietnam Servo Drive Price Trends
• Vietnam Servo Drive Porter's Five Forces
• Vietnam Servo Drive Industry Life Cycle
• Historical Data and Forecast of Vietnam Servo Drive Market Revenues & Volume By Drive for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Servo Drive Market Revenues & Volume By AC Drive for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Servo Drive Market Revenues & Volume By DC Drive for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Servo Drive Market Revenues & Volume By Voltage for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Servo Drive Market Revenues & Volume By Low (up to 1kV) for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Servo Drive Market Revenues & Volume By Medium (1kV-6.6kV) for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Servo Drive Market Revenues & Volume By High (Above 6.6kV) for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Servo Drive Market Revenues & Volume By End-User for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Servo Drive Market Revenues & Volume By Automotive for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Servo Drive Market Revenues & Volume By Healthcare for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Servo Drive Market Revenues & Volume By Industrial Machinery & Equipment for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Servo Drive Market Revenues & Volume By Semiconductors & Electronics for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Servo Drive Market Revenues & Volume By Printing & Packaging Equipment for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Servo Drive Market Revenues & Volume By Others for the Period 2021 - 2031
• Vietnam Servo Drive Import Export Trade Statistics
• Market Opportunity Assessment By Drive
• Market Opportunity Assessment By Voltage
• Market Opportunity Assessment By End-User
• Vietnam Servo Drive Top Companies Market Share
• Vietnam Servo Drive Competitive Benchmarking By Technical and Operational Parameters
• Vietnam Servo Drive Company Profiles
• Vietnam Servo Drive Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Drive

• AC Drive
• DC Drive

By Voltage

• Low (Up To 1kV)
• Medium (1kV-6.6kV)
• High (Above 6.6kV)

By End-User

• Automotive
• Healthcare
• Industrial Machinery & Equipment
• Semiconductors & Electronics
• Printing & Packaging Equipment
• Others