Vietnam Connected Car Market Trends 2024: Key Growth Drivers

Vietnam Connected Car Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 15.40% (2024-2032)

The Vietnam Connected Car Market is experiencing growth, fueled by rising automotive technology adoption, increasing consumer demand for advanced safety features, and expanding smart infrastructure in urban areas. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 15.40% from 2024 to 2032.

Vietnam Connected Car Market Trends and Drive:

The market in Vietnam is primarily driven by the increasing demand for advanced vehicle safety features, including real-time navigation, automatic emergency braking, and driver assistance systems. In line with this, the rising penetration of the Internet of Things (IoT) and artificial intelligence (AI) in automotive technology is enhancing connectivity and automation in vehicles thereby propelling the market. Government initiatives aimed at promoting smart transportation infrastructure and intelligent traffic management are encouraging the adoption of connected car technologies and expanding the market. Besides this, the market is positively inflated by the growing preference for electric and autonomous vehicles stimulating the demand for integrated connectivity solutions.

Additionally, the expansion of 5G networks and improvements in telecommunication infrastructure are facilitating faster and more reliable vehicle-to-vehicle (V2V) and vehicle-to-everything (V2X) communication. Apart from this, the increasing consumer inclination toward infotainment and in-car digital services, such as voice assistants and personalized entertainment systems, is fueling market growth. Furthermore, the rise of ridesharing and mobility-as-a-service (MaaS) platforms is aiding the integration of connected features to enhance user experience and fleet management, which is also playing a crucial role in the market’s growth.

Vietnam Connected Car Market Trends 2024

The scope of the market in Vietnam is expanding as technological advancements and digital transformation reshape the automotive industry. The increasing investment in smart city projects and intelligent transport solutions is fostering a favorable ecosystem for connected vehicle adoption. As per market analysis, the growing emphasis on regulatory frameworks for vehicle safety and emissions control is accelerating the deployment of connectivity-enabled compliance solutions. Moreover, the integration of blockchain and edge computing in connected car ecosystems is enhancing data security and operational efficiency, making Vietnam a promising market for innovative automotive technologies.

The rise of over-the-air (OTA) software updates is enabling seamless upgrades and customization of vehicle functionalities, enhancing consumer satisfaction which is broadening the market scope. Additionally, the increasing adoption of fleet management solutions by logistics and transportation companies is creating lucrative opportunities for the market. The expansion of automotive manufacturing in Vietnam, supported by foreign investments and local industry growth, is driving the incorporation of next-generation connectivity solutions.

Vietnam Connected Car Market Report Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest Vietnam connected car market size. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.

The report has segmented the market into the following categories:

Technology Insights:

• 3G
• 4G/LTE
• 5G

Connectivity Solutions Insights:

• Integrated
• Embedded
• Tethered

Service Insights:

• Driver Assistance
• Safety
• Entertainment
• Vehicle Management
• Mobility Management
• Others

End Market Insights:

• Original Equipment Manufacturer (OEMs)
• Aftermarket

Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam

For an in-depth analysis, you can refer sample copy of the report:

https://www.imarcgroup.com/vietnam-connected-car-market/requestsample

Competitor Landscape: 

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Other key areas covered in the report: 

• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Market Dynamics
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
• Top Winning Strategies
• Recent Industry News
• Key Technological Trends & Development 

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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