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MARKET OVERVIEW

The Vietnam Smart Mobility Market reached a size of USD 342.65 Million in 2024 and is projected to reach USD 1,172.45 Million by 2033. The market is expected to grow at a CAGR of 13.09% during the forecast period 2025-2033, driven by factors such as rapid urbanization, increasing traffic congestion, and growing adoption of connected and electric vehicles. Government support for sustainable transport, technological advancements, and the rise of ride-sharing and mobility-as-a-service platforms are further fueling market growth. Strong integration of AI, IoT, and smart infrastructure supports expansion across passenger transport, freight logistics, and urban mobility solutions.

STUDY ASSUMPTION YEARS

• Base Year: 2024
• Historical Years: 2019-2024
• Forecast Year/Period: 2025-2033

VIETNAM SMART MOBILITY MARKET KEY TAKEAWAYS

• Current Market Size: USD 342.65 Million in 2024
• CAGR: 13.09% during 2025-2033
• Forecast Period: 2025-2033
• The market growth is driven by increasing urbanization and rising traffic congestion.
• Adoption of connected and electric vehicles is rapidly increasing.
• Government incentives promote electric vehicle uptake, including tax breaks and subsidies.
• Integration of AI and IoT technologies enhances mobility management and operational efficiencies.
• Mobility-as-a-Service platforms are expanding, providing on-demand and flexible transport options.
• Smart infrastructure development, including intelligent traffic systems and AI-powered controls, is improving urban mobility.

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MARKET GROWTH FACTORS

Vietnam has a growing smart mobility market against the backdrop of a rapidly urbanizing population and ever-increasing traffic congestion. The growth of the EV market is also fueled by support from the government and private players in the form of tax breaks and subsidies. Rising fossil-fuel prices, and a preference toward EVs from consumers and fleet managers has seen rapid adoption of electric motorcycles, cars and scooters in urban areas, for example in Hanoi and Ho Chi Minh City, where local EV assembly plants, charging stations, and battery swapping stations are located. Investment from international companies and technology partners, is encouraging connected EVs to make cars more convenient for consumers, and providing real-time monitoring, reducing costs, and ensuring sustainability.

Because smartphone penetration grew with urbanization, Vietnamese cities rapidly embraced MaaS during recent years. Ride-hailing, bike-sharing, and app-based ticketing are popular alternatives for car travel. They relieve the pressure of finding parking. They help alleviate congestion. Public transport operators also use MaaS systems in order to plan trips and inform passengers of real time events. Integrated AI and IoT systems are used to analyze mobility demand, optimize energy consumption, and minimize inefficiencies. With collaboration between start-ups, tech giants and government, multimodal transport future becomes a smooth ecosystem that improves planning, cost, and environmental benefits.

Smart infrastructure and connectivity, e.g., clever traffic management systems, AI-based traffic signal control, multimodal transport networks, are among the key success factors for the Vietnam smart-mobility market. Real-time traffic data, collected from IoT, smart cameras and GPS tracking, is used for predictive system maintenance and traffic congestion avoidance. These plans include electric bus or shared AV fleets enabled by V2I and V2V, together with the roll out of 5G and digital payments by government. These will ease the development of multimodal transport systems, and accelerate the further development of safer, cleaner and more efficient urban transport for passengers and freight.

MARKET SEGMENTATION

Technology Insights:

• 3G and 4G: Includes analysis of mobile communication technologies supporting smart mobility.
• Wi-Fi: Covers wireless connectivity solutions integral to smart transport systems.
• Global Positioning System (GPS): Provides navigation and tracking for vehicles and mobility services.
• Radio Frequency Identification (RFID): Utilized for identification, tracking, and management of vehicles and assets.
• Embedded System: Involves integrated hardware-software solutions within mobility devices.
• Others: Additional technologies contributing to smart mobility advancements.

Solution Insights:

• Traffic Management: Technologies and systems for managing and optimizing traffic flow.
• Parking Management: Solutions designed to improve parking efficiency and convenience.
• Mobility Management: Systems facilitating allocation, operation, and optimization of transport services.
• Others: Other solutions supporting smart mobility services.

Element Insights:

• Bike Commuting: Use of bikes as a sustainable transport element within smart mobility.
• Car Sharing: Shared vehicle access models reducing individual car ownership.
• Ride Sharing: Shared ride services enhancing utilization and reducing costs.

Regional Insights:

• Northern Vietnam: Covers smart mobility market trends and data in this region.
• Central Vietnam: Provides regional market specifics for central parts of the country.
• Southern Vietnam: Analysis of market developments and growth in southern Vietnam.

REGIONAL INSIGHTS

Northern Vietnam is a significant regional market for smart mobility in Vietnam. The report provides a detailed breakdown of the market by region, including Northern, Central, and Southern Vietnam. Specific market share or CAGR statistics for these regions are not provided in the source. The regional segmentation offers insights into varying adoption and deployment trends across these areas, supporting targeted strategies for stakeholders.

RECENT DEVELOPMENTS & NEWS

Not provided in source.

KEY PLAYERS

• Not provided in source.

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