Vietnam Advanced Driving Assistance Systems (ADAS) Market (2022-2028) | Forecast, Analysis, Revenue, Size, Share, Trends, Value, Outlook, Growth, Industry, Segmentation & COVID-19 IMPACT

Market Forecast By Product Types (Adaptive Cruise Control, Blindspot Detection, Park Assist, Autonomous Emergency Braking, Intelligent Headlights & Others), By Sensor Types (LiDAR, RADAR, Camera, Ultrasonic), By Products (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), By Regions (Northern, Western, Eastern, Southern) And Competitive Landscape

Product Code: ETC4377764 Publication Date: Dec 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Vietnam Advanced Driving Assistance Systems Market Synopsis

The Vietnam advanced driving assistance systems market is expected to register tremondous growth. The major factor propelling the market growth is the increasing prevalence of traffic accidents, which results in increased demand for advanced driving assistance systems. Further, the automotive industry is one of the earliest adopters of automation, primarily due to its inherent benefits such as improved safety and decreased costs. Automation has helped increase productivity and accuracy in manufacturing processes, while also reducing human error. In fact, according to a study by Gartner, 87% of automating activities will be completed by 2021. This widespread adoption has led to significant savings for businesses across numerous industries. The Vietnam advanced driving assistance systems market is a part of Asia Pacific advanced driving assistance systems market and global advanced driving assistance systems market.

According to 6Wresearch, the Vietnam advanced driving assistance systems market size is likely to witness growth during 2022-28. Technical advancements are key drivers of the vehicle automation market due to their ability to improve safety and efficiency in vehicular operations. For instance, advances in radar and satellite technologies have led to improved driver assistance systems (DAS) that can detect potential collisions and automatically apply brakes or take other appropriate actions. These systems also provide warnings about traffic conditions ahead, helping drivers make better decisions while on the road. In addition, large companies are investing in developing autonomous driving capabilities as they see value in reducing costs and improving fleet efficiencies. Further, as traffic congestion rates worldwide continue to rise, drivers are seeking more reliable and efficient ways to navigate through congested roads. ADAS technologies can help drivers make better decisions when driving and avoid potential accidents. Additionally, these technologies can enhance driver safety by providing warning signals before collisions occur. Moreover, the growing rates in the transportation sector are anticipated to drive the market growth, owing to increasing adoption of advanced driving assistance systems by drivers and passengers. The increase in awareness about driver safety and efficient traffic management is also expected to boost the demand for these systems across various regions. However, factors such as stringent government regulations and high cost of deployment are likely to restrain the market growth during forecast period.

Market Analysis By Product Type

In terms of product type, the Vietnam ADAS market is categorized into adaptive cruise control, blind spot detection, park assist, autonomous emergency braking, intelligent headlights and others. Currently, the park assist account for the highest market share. Additionally, increased usage of vehicles is another key driver of the vehicle automation market. This is because as more people adopt these modes of transportation, there is an increased need for systems that can improve safety and efficiency. For example, driverless cars can eliminate human error from vehicular operations, leading to a reduction in accidents and fatalities. Additionally, DAS can help drivers stay safe by warning them about potential hazards on the road or alerting them when their child has left their car seat unsecured. As more people adopt autonomous vehicles, this will drive demand for DAS devices across all markets.

Market Analysis By Competitive Landscape

Automotive giants such as Ford and General Motors are some of the main players in this market. They are investing in this technology to provide their customers with safer driving experiences. Other players in this market include Bosch, Continental, Denso, and Ricardo. Additionally, regional companies are also playing a major role in this market. These companies have been able to capitalize on the growing demand for advanced driving assistance systems (ADAS) in Southeast Asia and South America. ADAS technologies can help drivers improve their safety while behind the wheel.

COVID-19 Influence on the Vietnam Advanced Driving Assistance Systems Market

The manifestation of Covid-19 pandemic has caused a slowdown in the automotive market. Nevertheless, the market has convalesced progressively in recent years. The drivers of automation are the increasing demand for safety and efficiency in various industrial and commercial applications, as well as the rise in the number of vehicles on the road. The increasing popularity of self-driving cars is also a major driver of automation. Increasingly, automation is being adopted in various industries to improve efficiency and safety.

Key Attractiveness of the Report

  • COVID-19 Influence on the Market
  • 8 Years of Market Numbers
  • Historical Numbers from 2018 to 2021.
  • Base Year: 2021
  • Forecast Data Until 2028
  • Key Performance Indicators Influencing the Market.
  • Key Upcoming Developments and Projects.

Key Highlights of the Report

  • Vietnam Advanced Driving Assistance Systems Market Overview
  • Vietnam Advanced Driving Assistance Systems Market Outlook
  • Vietnam Advanced Driving Assistance Systems Market Forecast
  • Forecast of Vietnam Advanced Driving Assistance Systems Market Revenues, for the Period 2021-2028F
  • Forecast of Vietnam Advanced Driving Assistance Market Revenues, By Product Types, for the Period 2021-2028F
  • Forecast of Vietnam Advanced Driving Assistance Market Revenues, By Sensor Types, for the Period 2021-2028F
  • Forecast of Vietnam Advanced Driving Assistance Market Revenues, By Vehicle Types, for the Period 2021-2028F
  • Forecast of Vietnam Advanced Driving Assistance Market Revenues, By Regions, for the Period 2021-2028F
  • Vietnam Advanced Driving Assistance Market Share, By Market Players
  • Market Drivers and Restraints
  • Vietnam Advanced Driving Assistance Market Trends
  • Competitive Benchmarking
  • Key Strategic Recommendations

Markets Scope and Segmentation

The report delivers a widespread study of the subsequent market segments:

By Product Types

  • Adaptive Cruise Control
  • Blind spot Detection
  • Park Assist
  • Autonomous Emergency Braking
  • Intelligent Headlights
  • Others

By Sensor Types

  • LiDAR
  • RADAR
  • Camera
  • Ultrasonic

By Vehicle

  • Passenger Vehicles
  • Light Commercial Vehicles
  • Heavy Commercial vehicles

By Regions

  • Northern
  • Western
  • Eastern
  • Southern
Frequently Enquired Queries Regarding the Market Study: FAQs

1). Does the report include the impression of COVID-19?

The report not only has considered COVID-19 impact but also current market dynamics, trends, and KPIs into consideration.

2). Which product type accounts for the maximum market share in the Vietnam Advanced     Driving Assistance Systems Market?

In terms of product types, the intelligent headlight and park assist systems accounted for the highest share as more people adopt these modes of transportation, there is an increased need for systems that can improve safety and efficiency.

3). Which vehicle type is exhibited to gain traction over the forecast period?

In terms of vehicle type, passenger vehicles and light commercial vehicles acquired the highest market revenue share in Vietnam advanced driving assistance systems market owing to advancement in technology as these technologies can enhance driver safety by providing warning signals before collisions occur.

4). What are the critical factors which are increasing the market demand?                                               

The growth of the market is due to the increasing prevalence of traffic accidents, which results in increased demand for advanced driving assistance systems.

5). Which sensor type accounts for the highest demand in the Vietnam advanced driving assistance systems Market?                                                                                                                 

The Lidar and radar sensors accounts for the highest demand in the Vietnam advanced driving assistance systems market as these systems help drivers stay safe by warning them about potential hazards on the road or alerting them when their child has left their car seat unsecured.

6). Is customization available in the market study?

Yes, we can do customization as per your requirements. Please feel free to write to us sales@6wresearch.com for any customized or any other requirements.

7). We also want to have market reports for other countries/regions.

6Wresearch has a database of more than 60 countries globally, which can make us your first choice of all your research needs.

1. Executive Summary

2. Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope and Segmentation

2.4 Research Methodology

2.5 Assumptions

3. Vietnam Advanced Driving Assistance Systems Market Overview

3.1 Vietnam Advanced Driving Assistance Systems Market Revenues (2021-2028F)

3.2 Vietnam Advanced Driving Assistance Systems Market Industry Life Cycle

3.3 Vietnam Advanced Driving Assistance Systems Market Porter’s Five Forces Model

3.4 Vietnam Advanced Driving Assistance Systems Market Revenue Share, By Product Types (2021 & 2028F)

3.5 Vietnam Advanced Driving Assistance Systems Market Revenue Share, By Sensor Types (2021 & 2028F)

3.6 Vietnam Advanced Driving Assistance Systems Market Revenue Share, By Vehicle Types (2021 & 2028F)

3.7 Vietnam Advanced Driving Assistance Systems Market Revenue Share, By Regions (2021 & 2028F)

4. Impact Analysis of COVID-19 on Vietnam Advanced Driving Assistance Systems Market

5. Vietnam Advanced Driving Assistance Systems Market Dynamics

5.1 Impact Analysis

5.2 Market Drivers

5.3 Market Restraints

6. Vietnam Advanced Driving Assistance Systems Market Trends & Evolution

7. Vietnam Advanced Driving Assistance Systems Market Overview, By Product Types

7.1 Vietnam Advanced Driving Assistance Systems Market Revenues, By Adaptive Cruise Control (2021-2028F)

7.2 Vietnam Advanced Driving Assistance Systems Market Revenues, By Blindspot Detection (2021-2028F)

7.3 Vietnam Advanced Driving Assistance Systems Market Revenues, By Park Assist (2021-2028F)

7.4 Vietnam Advanced Driving Assistance Systems Market Revenues, By Autonomous Emergency Breaking (2021-2028F)

7.5 Vietnam Advanced Driving Assistance Systems Market Revenues, By Intelligent Headlights (2021-2028F)

7.6 Vietnam Advanced Driving Assistance Systems Market Revenues, By Others (2021-2028F)

8. Vietnam Advanced Driving Assistance Systems Market Overview, By Sensor Types

8.1 Vietnam Advanced Driving Assistance Systems Market Revenues, By Light Detection and Ranging (2021-2028F)

8.2 Vietnam Advanced Driving Assistance Systems Market Revenues, By Radar (2021-2028F)

8.3 Vietnam Advanced Driving Assistance Systems Market Revenues, By Camera (2021-2028F)

8.4 Vietnam Advanced Driving Assistance Systems Market Revenues, By Ultrasonic (2021-2028F)

9. Vietnam Advanced Driving Assistance Systems Market Overview, By Vehicle Types

9.1 Vietnam Advanced Driving Assistance Systems Market Revenues, By Passenger Cars (2021-2028F)

9.2 Vietnam Advanced Driving Assistance Systems Market Revenues, By Light Commercial Vehicles (2021-2028F)

9.3 Vietnam Advanced Driving Assistance Systems Market Revenues, By Heavy Commercial vehicles (2021-2028F)

10. Vietnam Advanced Driving Assistance Systems Market Overview, By Regions

10.1 Vietnam Advanced Driving Assistance Systems Market Revenues, By Northern Region (2021-2028F)

10.2 Vietnam Advanced Driving Assistance Systems Market Revenues, By Western Region (2021-2028F)

10.3 Vietnam Advanced Driving Assistance Systems Market Revenues, By Eastern Region (2021-2028F)

10.4 Vietnam Advanced Driving Assistance Systems Market Revenues, By Southern Region (2021-2028F)

11. Vietnam Advanced Driving Assistance Systems Market - Key Performance Indicators

12. Vietnam Advanced Driving Assistance Systems Market - Opportunity Assessment

12.1 Vietnam Advanced Driving Assistance Systems Market Opportunity Assessment, By Product Types (2028F)

12.2 Vietnam Advanced Driving Assistance Systems Market Opportunity Assessment, By Sensor Types (2028F)

12.3 Vietnam Advanced Driving Assistance Systems Market Opportunity Assessment, By Regions (2028F)

13. Vietnam Advanced Driving Assistance Systems Market - Price Trend Analysis

14. Vietnam Advanced Driving Assistance Systems Market Competitive Landscape

14.1 Vietnam Advanced Driving Assistance Systems Market Revenue Ranking, By Companies (2021)

14.2 Vietnam Advanced Driving Assistance Systems Market Competitive Benchmarking, By Operating Parameters

15. Company Profiles

15.1 Bosch Limited

15.2 Denso Vietnam Pvt Ltd

15.3 Wabco Vietnam Limited

15.4 Continental Automotive Components (Vietnam) Pvt Ltd

15.5 Infineon Technologies Vietnam Pvt Ltd

15.6 Hella Vietnam Automotive Pvt Ltd

16. Key Strategic Recommendations

17. Disclaimer

List of Figures

Figure 1: Vietnam Advanced Driving Assistance Systems Market Revenues, 2021-2028F (INR Crores)

Figure 2: Vietnam Advanced Driving Assistance Systems Market Revenue Share, By Product Types, 2021 & 2028F

Figure 3: Vietnam Advanced Driving Assistance Systems Market Revenue Share, By Sensor Types, 2021 & 2028F

Figure 4: Vietnam Advanced Driving Assistance Systems Market Revenue Share, By Vehicle Types, 2021 & 2028F

Figure 5: Vietnam Advanced Driving Assistance Systems Market Revenue Share, By Regions, 2021 & 2028F

Figure 6: ABS and Electronic brakeforce distribution market penetration in Vietnam, (units)

Figure 7: Traction control system market penetration in Vietnam, (Units)

Figure 8: Electronic stability program market penetration in Vietnam, (USD units)

Figure 9: Number of road accidents in Vietnam, 2016-2020

Figure 10: Number of deaths per 100 road accidents in Vietnam

Figure 11: Number of deaths in road accidents in Vietnam

Figure 12: Highway Construction in Vietnam (Kilometers)

Figure 13: Investment outlay for roads under union budget ($ billion)

Figure 14: Auto Services Market in Vietnam, 2019-2026F, (USD billion)

Figure 15: Vietnam automobile market growth, 2019-2026F (USD, Billion)

Figure 16: Vietnam passenger cars penetration, 2019-2026F (per 1000 people)

Figure 17: Vietnam Advanced Driving Assistance Systems  Market Opportunity Assessment, By Product types, 2028F

Figure 18: Vietnam Advanced Driving Assistance Systems Market Opportunity Assessment, By Sensor types, 2028F

Figure 19: Vietnam Advanced Driving Assistance Systems Market Opportunity Assessment, By Regions, 2028F

Figure 20: Vietnam Advanced driving assistance systems market revenue rankings, By Company

List of Tables

Table 1: Autonomous vehicle readiness Index, 2020

Table 2: Vietnam Advanced Driving Assistance Systems Market Revenues, By Product Types, 2021-2028F (INR Crores)

Table 3: Vietnam Advanced Driving Assistance Systems Market Revenues, By Sensor Types, 2021-2028F (INR Crores)

Table 4: Vietnam Advanced Driving Assistance Systems Market Revenues, By Vehicle Types, 2021-2028F (INR Crores)

Table 5: Vietnam Advanced Driving Assistance Systems Market Revenues, By Regions, 2021-2028F (INR Crores)

 

 

 
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