Product Code: ETC4568731 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The connected car market in Vietnam is witnessing a surge in demand as consumers increasingly prioritize connectivity and digital features in their vehicles. Connected car technologies, including telematics, vehicle-to-everything (V2X) communication, and advanced driver assistance systems (ADAS), are gaining traction in the Vietnamese automotive landscape. Automakers and technology providers are collaborating to introduce vehicles with integrated connectivity features, enabling functions such as remote diagnostics, real-time traffic information, and vehicle tracking. The Vietnamese connected car market is expected to experience sustained growth, driven by urbanization, digitalization, and the need for enhanced safety and convenience on the roads.
The Vietnam Connected Car Market is flourishing due to a combination of technological advancements and consumer expectations. Modern consumers are increasingly looking for connectivity features in their vehicles, including navigation, infotainment, and remote diagnostics. The automotive industry is responding to this demand by integrating advanced connectivity solutions. Additionally, the government`s push for intelligent transportation systems and smart cities is driving the adoption of connected car technologies. Moreover, the potential for data-driven insights and vehicle-to-vehicle communication is making connected cars a focal point for automotive companies and tech firms. This convergence of technology and consumer interest is propelling the connected car market forward.
The Vietnam Connected Car Market encounters multifaceted challenges as it strives to integrate advanced connectivity solutions into the automotive ecosystem. One key challenge is the limited availability of robust and widespread cellular networks and high-speed internet, which are essential for the seamless functioning of connected car features. The lack of a standardized framework for data sharing and communication among different vehicles and infrastructure elements complicates the integration process, hindering the realization of a fully connected and intelligent transportation system. Privacy concerns related to the collection and sharing of sensitive vehicle data present another obstacle, requiring the development of transparent and secure data management practices. Additionally, market players face challenges in educating both consumers and regulatory bodies about the benefits and safety aspects of connected car technology, overcoming resistance and fostering widespread acceptance.
The COVID-19 pandemic had profound effects on the Connected Car market in Vietnam. With disruptions in manufacturing, supply chains, and consumer demand, the automotive industry faced challenges that directly impacted the adoption of connected technologies in vehicles. The focus on safety, navigation, and entertainment systems in connected cars gained prominence as consumer priorities shifted during the pandemic. The market players had to reassess their strategies, addressing the changing landscape of connected car adoption and considering the long-term implications of the pandemic on consumer behavior and preferences.
The connected car market in Vietnam is witnessing dynamic advancements, and key players are pivotal in shaping this evolution. Notable companies like General Motors, Ford Motor Company, and Volkswagen Group are spearheading connectivity initiatives. They are introducing vehicles equipped with advanced telematics, infotainment systems, and internet connectivity, providing users with a seamless and enhanced driving experience.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Connected Car Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Connected Car Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Connected Car Market - Industry Life Cycle |
3.4 Vietnam Connected Car Market - Porter's Five Forces |
3.5 Vietnam Connected Car Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Vietnam Connected Car Market Revenues & Volume Share, By Connectivity Solutions, 2021 & 2031F |
3.7 Vietnam Connected Car Market Revenues & Volume Share, By End Market, 2021 & 2031F |
4 Vietnam Connected Car Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Connected Car Market Trends |
6 Vietnam Connected Car Market, By Types |
6.1 Vietnam Connected Car Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Connected Car Market Revenues & Volume, By Technology, 2021-2031F |
6.1.3 Vietnam Connected Car Market Revenues & Volume, By 3G, 2021-2031F |
6.1.4 Vietnam Connected Car Market Revenues & Volume, By 4G/LTE, 2021-2031F |
6.1.5 Vietnam Connected Car Market Revenues & Volume, By 5G, 2021-2031F |
6.2 Vietnam Connected Car Market, By Connectivity Solutions |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Connected Car Market Revenues & Volume, By Integrated, 2021-2031F |
6.2.3 Vietnam Connected Car Market Revenues & Volume, By Embedded, 2021-2031F |
6.2.4 Vietnam Connected Car Market Revenues & Volume, By Tethered, 2021-2031F |
6.3 Vietnam Connected Car Market, By End Market |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Connected Car Market Revenues & Volume, By Original Equipment Manufacturer (OEMs), 2021-2031F |
6.3.3 Vietnam Connected Car Market Revenues & Volume, By Aftermarket, 2021-2031F |
7 Vietnam Connected Car Market Import-Export Trade Statistics |
7.1 Vietnam Connected Car Market Export to Major Countries |
7.2 Vietnam Connected Car Market Imports from Major Countries |
8 Vietnam Connected Car Market Key Performance Indicators |
9 Vietnam Connected Car Market - Opportunity Assessment |
9.1 Vietnam Connected Car Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Vietnam Connected Car Market Opportunity Assessment, By Connectivity Solutions, 2021 & 2031F |
9.3 Vietnam Connected Car Market Opportunity Assessment, By End Market, 2021 & 2031F |
10 Vietnam Connected Car Market - Competitive Landscape |
10.1 Vietnam Connected Car Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Connected Car Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |