The Vietnam ADAS market size is projected to grow at a CAGR of 15.70% between 2024 and 2032. The market growth is driven by expansion of the automotive sector and rising government safety and regulations.
Base Year
Historical Year
Forecast Year
| Vietnam ADAS Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | XX |
| Market Size 2032 | USD Billion | XX |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 15.7% |
| CAGR 2024-2032 - Market by Region | Southeast | 17.9% |
| CAGR 2024-2032 - Market by Region | Red River Delta | 16.8% |
| CAGR 2024-2032 - Market by Solution | Adaptive Cruise Control | 17.2% |
| CAGR 2024-2032 - Market by Vehicle Type | Passenger Cars | 18.3% |
| 2023 Market Share by Region | Southeast | 34.2% |
The market for electric vehicles in Vietnam has substantial and promising growth potential. About 1.8 million electric motorbikes and scooters were in use in 2021, accounting for 10% of the two-wheeler market overall. After China, Vietnam is the second-most electrified country in the world for two-wheelers. By August 2022, there were around 3,000 electric cars manufactured, assembled, or imported in the four-wheeler sector, a significant rise from 2019. By 2030, the government wants to see 10% of all new car sales in Vietnam be electric vehicles, leading to the Vietnam ADAS market development.
Additionally, strategic initiatives targeted at improving the energy sector and Vietnam's ambition to becoming carbon neutral by 2050 are helping to accelerate the country's adoption of electric vehicles. The adoption of these initiatives by the local government leads to the incorporation of ADAS in electric vehicles to captivate a larger market share and to ensure safety in contemporary vehicles.
As per the Vietnam ADAS market analysis, the rising utilisation of ADAS in automotives is mostly due to increasing road safety regulations in Vietnam. Manufacturers are incorporating ADAS technologies into vehicles to reduce accidents caused by traffics accidents and ensure safety of the public.
| CAGR 2024-2032 - Market by | Region |
| Southeast | 17.9% |
| Red River Delta | 16.8% |
| Mekong River Delta | XX% |
| South Central Coast | XX% |
| Others | XX% |
Value in USD Billion
2024-2032
Vietnam ADAS Market Outlook
*this image is indicative*
The Vietnam ADAS market growth can be attributed to rising demand for vehicles, growing safety consciousness, and rising government initiatives and regulations.
One of the notable Vietnam ADAS market trends is the expansion of the automotive sector. The expanding middle class in Vietnam is contributing to an increase in car ownership, which in turn is driving the demand for sophisticated vehicle technologies, particularly advanced driver assistance systems.
There is an escalating awareness regarding road safety among both consumers and manufacturers, leading to a heightened interest in technologies designed to mitigate accidents. Features of ADAS, such as lane-keeping assistance, adaptive cruise control, and automatic emergency braking, are gaining significant traction.
The Vietnamese government is actively advocating for enhanced vehicle safety standards. As regulatory measures become more stringent, automotive manufacturers are incorporating ADAS features to ensure compliance with safety requirements, leading to the Vietnam ADAS market expansion.
Innovations in artificial intelligence, sensor technology, and camera systems are enhancing the precision and cost-effectiveness of ADAS solutions, thereby promoting their integration into a wider range of vehicle models, including those in the mid-range category.
Expansion of the automotive sector, stringent safety regulations, and rising consumer awareness regarding vehicle safety are the main trends present in the ADAS market. The incorporation of safety feature in passenger and commercial vehicles are leading to the expansion of Vietnam ADAS market size. Furthermore, automotive manufacturers are investing in ADAS to support government’s initiative to ensure public safety. Consequently, integration of ADAS has become integral for manufacturers to gain a competitive edge in the market and sync with the contemporary trends in the automotive sector.
The EMR’s report titled “Vietnam ADAS Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Breakup by Solution
Breakup by Vehicle Type
Breakup by Component
Breakup by Region
Based on vehicle type, the market is segmented into commercial vehicles and passenger cars. During the forecast period, passenger cars are anticipated to dominate the market with 18.3% CAGR, leading to the Vietnam ADAS market growth. ADAS is a group of technologies that incorporates sensors and cameras to prevent accident, reduce driver’s stress, and to also reduce the probability of road accidents in passenger cars.
| 2023 Market Share by | Region |
| Southeast | 34.2% |
| Red River Delta | XX% |
| Mekong River Delta | XX% |
| South Central Coast | XX% |
| Others | XX% |
Market players are focusing on the manufacturing of vehicles equipped with smart technology to gain a competitive edge and improve Vietnam ADAS market outlook.
Continental AG was established in the year 1871 and is headquartered in Germany. The company is one of the biggest automotive suppliers and offers intelligent and efficient solutions for vehicles and transportation.
The company was established in the year 1886 in and is headquartered in Stuttgart, Germany. The company delas ...
Denso Corp. was established in the year 1949 and is based in Kariya, Japan. It is an international automotive ...
The company was founded in the year 1973 in Kyoto, Japan. It is a renowned automotive manufacturer that produc...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other major player in the market are Aptiv Plc, NXP B.V., Garmin Ltd., Valeo SE, Hitachi Ltd., and ZF Friedrichshafen AG, among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
The market is assessed to grow at a CAGR of 15.70% between 2024 and 2032.
The major drivers of the market are rising demand for vehicles, growing safety consciousness, and rising government initiatives and regulations.
As per the EMR report, the different vehicle types are passenger cars and commercial vehicles.
The different solution in the market are processors, sensors, and software, among others.
The different solutions in the market are adaptive cruise control, adaptive front light, blind spot detection (BSD) system, park assistance, lane departure warning system, tire pressure monitoring system, and autonomous emergency braking, among others.
Regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
The major players in the market are Continental AG, Robert Bosch GmbH, Denso Corp., Nidec Corp., Aptiv Plc, NXP B.V., Garmin Ltd., Valeo SE, Hitachi Ltd., and ZF Friedrichshafen AG, others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Solution |
|
| Breakup by Vehicle Type |
|
| Breakup by Component |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Subscribe to our Newsletter
By subscribing you agree to with our privacy policy and provide
consent to
receive
updates
from our company.
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
Share