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The global Vietnam Automotive Microcontrollers Market was valued at USD 8.89 billion in 2018 and is expected to reach USD 13.23 billion by 2023 at a CAGR of 8.29% during the forecast period 2018-2023.
Vietnam Automotive Microcontrollers Market is projected to grow at a robust CAGR during owing to growing demand for automobiles, increasing demand for vehicle electrification, growing technological advancements, growing demand for premium cars and stringent government regulations for vehicle safety & security. Based on application, the market has been categorised into Body Electronics, Chassis & Powertrain, Infotainment & Telematics, Safety & Security.
The Safety and security system is estimated to hold the largest market share of this market during the forecast period due to mandates related to safety and security features. Based on vehicle type, the market has been segmented into passenger cars and commercial vehicles. In 2021, the passenger cars dominated the market and is expected to maintain its dominance during the forecast period as well owing to rising implementation of safety features in passenger cars in the country. Moreover, growing adoption of ADAS, telematics, infotainment systems will further boost the demand for Automotive Microcontrollers in the Vietnam market.
Key Factors Driving Growth
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Expansion of Electronics Manufacturing
Vietnam's electronics production is expected to grow at a CAGR of over 10% from 2023 to 2027, which is a major catalyst for semiconductor demand, including automotive microcontrollers.
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Increasing Automotive Production
The Vietnamese automotive industry is growing, leading to a higher demand for components like microcontrollers.
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Global Market Trends
The global automotive microcontroller market is also experiencing growth, driven by factors like the increasing complexity of vehicles, the rise of connected cars, and the need for advanced driver-assistance systems (ADAS).
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Government Regulations
Stringent safety and emissions regulations imposed by governments worldwide are also driving the demand for high-performance microcontrollers in automobiles.
Impact on the Vietnamese Market
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Increased Investment
The growth of the Vietnamese automotive microcontroller market is likely to attract further investment from both local and international companies.
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Job Creation
The expansion of the electronics manufacturing and automotive industries will lead to increased job opportunities in Vietnam.
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Technological Advancement
The demand for high-performance microcontrollers will encourage technological advancements in the region, potentially leading to innovation in the automotive industry.
Objective of the Study
- To analyse and forecast the market size of Automotive Microcontrollers Market, in terms of value and volume.
- To classify and forecast Vietnam Automotive Microcontrollers Market based on vehicle, electric vehicle, technology, connectivity, bit size and regional distribution.
- To identify drivers and challenges for Vietnam Automotive Microcontrollers Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam Automotive Microcontrollers Market.
- To conduct the pricing analysis for Automotive Microcontrollers Market.
- To identify and analyse the profile of leading players involved in the manufacturing of Vietnam Automotive Microcontrollers Market.
Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across Vietnam. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the suppliers which could not be identified due to the limitations of secondary research. Market Insights Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across Vietnam.
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The Vietnam Automotive Microcontrollers Market is segmented across several key dimensions, reflecting the diverse applications and technological advancements in the automotive sector. Below is an overview of the primary market segments
1. By Bit Size
Microcontrollers are categorized based on their processing capabilities
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8-bit MicrocontrollersSuitable for simple control tasks.
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16-bit MicrocontrollersOffer a balance between performance and cost.
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32-bit MicrocontrollersPreferred for complex applications requiring higher processing power.
2. By Vehicle Type
The market is divided based on the type of vehicles
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Passenger CarsInclude sedans, hatchbacks, and SUVs.
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Commercial VehiclesEncompass trucks, buses, and other heavy-duty vehicles.
3. By Electric Vehicle Type
With the rise of electric mobility, microcontrollers are also segmented by electric vehicle categories
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Battery Electric Vehicles (BEV)
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Hybrid Electric Vehicles (HEV)
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Plug-in Hybrid Electric Vehicles (PHEV)
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Fuel Cell Electric Vehicles (FCEV)
4. By Application
Microcontrollers serve various functions within vehicles
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Body ElectronicsControl systems for doors, windows, lighting, and HVAC.
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Chassis & PowertrainManage engine control units and transmission systems.
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Infotainment & TelematicsSupport navigation, audio systems, and connectivity features.
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Safety & SecurityOversee airbags, anti-lock braking systems, and other safety mechanisms.
5. By Technology
Advanced technologies integrated with microcontrollers include
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Adaptive Cruise Control (ACC)
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Blind Spot Detection
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Park Assist Systems
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Tire Pressure Monitoring Systems (TPMS)
6. By Connectivity
Microcontrollers facilitate various connectivity solutions
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Vehicle-to-Vehicle (V2V) Connectivity
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Vehicle-to-Infrastructure (V2I) Connectivity
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Vehicle-to-Cloud (V2C) Connectivity
7. By Region
The market is analyzed across different regions within Vietnam
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North Vietnam
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Central Vietnam
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South Vietnam
Some of the leading players in the Vietnam Automotive Microcontrollers Market
Cypress Semiconductor Corporation
ON Semiconductor,
Maxim Integrated,
Stmicroelectronics,
Rohm Semiconductor
Renesas Electronics Corporation,
NXP Semiconductors
Key Target Audience
- Automotive Microcontrollers Manufacturers
- Automotive OEMs
- Microcontroller design companies
- Microcontroller suppliers
- Traders, Distributors, and Suppliers
- Industry associations and experts
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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Attribute |
Details |
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Base Year |
2021 |
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Historical Data |
2017 – 2020 |
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Estimated Year |
2022 |
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Forecast Period |
2023 – 2027 |
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Quantitative Units |
Revenue in USD Million, Volume in Units and CAGR for 2017-2021 and 2022E-2027F |
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Report coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments covered |
· Vehicle Type · Electric Vehicle Type · Technology · Connectivity · Bit Size |
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Regional scope |
Central Region, Northern Region, Southern Region |
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Key companies profiled |
Toshiba Corporation, Maxim Integrated, Cypress Semiconductor Corporation, Analog Devices Inc., Infineon Technologies AG, ON Semiconductor, Maxim Integrated, Stmicroelectronics, Rohm Semiconductor, Renesas Electronics Corporation, NXP Semiconductors. |
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Customization scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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