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Vietnam Cyber Physical Systems Market

Vietnam Cyber Physical Systems Market By Component (Hardware, Software, Services); By Deployment (On-Premise, Cloud); By End-Use Industry (Automotive, Healthcare, Manufacturing, Energy & Utilities, Others) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
Vietnam Cyber Physical Systems market Size 2024	USD 353.33 million
Vietnam Cyber Physical Systems market, CAGR	10.81%
Vietnam Cyber Physical Systems market Size 2032	USD 803.26 million

Market Overview:

The Vietnam Cyber Physical Systems is projected to grow from USD 353.33 million in 2024 to an estimated USD 803.26 million by 2032, with a compound annual growth rate (CAGR) of 10.81% from 2024 to 2032.

The growth of Vietnam’s Cyber-Physical Systems (CPS) market is being driven by several key factors. The Vietnamese government’s digital transformation initiatives, which focus on enhancing technological infrastructure and driving innovation, are a major catalyst for CPS adoption. As the country embraces automation and smart technologies, CPS is playing a critical role in enhancing efficiency and security across industries. The increasing focus on industrial automation, particularly in manufacturing, is another significant driver, as CPS enables real-time monitoring and control, improving productivity. Additionally, the rise of smart infrastructure, with cities like Ho Chi Minh City pushing forward smart city developments, is driving demand for CPS solutions. The need for robust cybersecurity systems, as digital activities increase, further reinforces the role of CPS in securing vital infrastructure from emerging threats.

Regionally, Vietnam exhibits a varied pace of CPS adoption. Ho Chi Minh City, as the country’s economic powerhouse, leads the way, with widespread adoption in manufacturing, commercial sectors, and smart city projects. Hanoi, the political capital, is focusing on digital governance and public service improvements, integrating CPS to enhance efficiency. Da Nang, a growing technology and innovation hub, is also attracting investments in CPS, particularly for urban management and tourism. In other provinces such as Hai Phong and Can Tho, the push for modernization in agriculture, manufacturing, and infrastructure is gradually increasing the adoption of CPS, supported by both government initiatives and private investments. While urban centers are leading the charge, efforts are underway to ensure the widespread benefits of CPS across the country.

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Market Insights:

Vietnam’s Cyber-Physical Systems (CPS) market is projected to grow from USD 353.33 million in 2024 to USD 803.26 million by 2032, driven by a CAGR of 10.81%.

The Global Cyber Physical Systems is projected to grow from USD 1,25,271.30 million in 2024 to an estimated USD 2,71,668.59 million by 2032, with a compound annual growth rate (CAGR) of 10.16% from 2024 to 2032.

The Vietnamese government’s digital transformation efforts are a key factor in driving CPS adoption, enhancing technological infrastructure, and promoting Industry 4.0.
Industrial automation in manufacturing is boosting the demand for CPS solutions, particularly for real-time monitoring, predictive maintenance, and process optimization.
The rise of smart infrastructure, especially in urban areas like Ho Chi Minh City and Hanoi, is increasing the adoption of CPS for efficient city management.
The need for robust cybersecurity systems, fueled by increased digitalization, is a major driver of CPS growth, ensuring the security of critical infrastructure.
High initial implementation costs pose a challenge to CPS adoption, particularly for small and medium-sized enterprises (SMEs) in Vietnam.
Vietnam’s regional CPS adoption is uneven, with Ho Chi Minh City and Hanoi leading the way, while other provinces like Da Nang and Hai Phong are gradually increasing investments in CPS solutions.

Report scope

This report segments the Vietnam Cyber Physical Systems Market as follow

Market Drivers:

Government Initiatives and Digital Transformation

The Vietnamese government’s push for digital transformation is one of the most significant drivers for the growth of the Cyber-Physical Systems (CPS) market in the country. The government’s strategic focus on building a digital economy has led to substantial investments in technological infrastructure, encouraging the adoption of advanced systems such as CPS. These initiatives are designed to boost efficiency, innovation, and overall competitiveness within both the public and private sectors. As Vietnam embraces Industry 4.0, CPS technologies, which integrate the physical world with digital systems, are seen as essential for enhancing operational capabilities across various industries, from manufacturing to healthcare and beyond. The national digitalization agenda, particularly in urban planning and industrial automation, is creating a strong demand for CPS solutions.

Industrial Automation and Smart Manufacturing

The increasing adoption of industrial automation in Vietnam’s manufacturing sector is another key driver of CPS growth. As businesses look to modernize operations, there is a growing emphasis on integrating intelligent systems that can optimize production lines and improve manufacturing processes. CPS technologies provide real-time monitoring, predictive maintenance, and automated control of machinery, helping companies reduce downtime, increase efficiency, and ensure higher product quality. With Vietnam positioning itself as a competitive manufacturing hub in Southeast Asia, there is a concerted effort to incorporate CPS into factories and industrial plants to maintain competitiveness in global markets. This shift towards smart manufacturing is fueling the demand for more sophisticated CPS solutions.

Rise of Smart Infrastructure and Urbanization

Vietnam is witnessing rapid urbanization and the development of smart cities, which is accelerating the demand for CPS technologies. As urban areas expand and digital connectivity increases, the need for smarter and more efficient management systems becomes critical. CPS is essential for managing urban infrastructure, such as traffic, utilities, waste management, and public services, in real-time. The government’s focus on creating sustainable, for instance, smart cities in Ho Chi Minh City, Hanoi, and Da Nang is driving investments in CPS solutions that enable intelligent infrastructure. These systems help improve quality of life, enhance resource management, and reduce environmental impact. Consequently, CPS adoption is becoming integral to the modernization of urban infrastructure across the nation.

Cybersecurity and Protection of Critical Infrastructure

As Vietnam’s digital landscape evolves, the need for robust cybersecurity systems has become more pressing. For instance, Viettel Cyber Security reported ransomware attacks that caused financial losses exceeding $11 million in 2024. Cyber-Physical Systems play a critical role in protecting the country’s critical infrastructure from cyber threats. With the growing digitization of sectors like energy, transportation, and telecommunications, the integration of physical systems with digital technologies introduces potential vulnerabilities that must be managed. CPS solutions offer enhanced security features that help mitigate risks associated with cyber-attacks on vital infrastructure. In addition, CPS helps monitor real-time system performance, detect anomalies, and ensure that potential breaches or disruptions are quickly addressed. As the country’s reliance on digital technologies continues to expand, the demand for secure, resilient CPS solutions is expected to rise sharply.

Market Trends:

Integration of IoT and AI Technologies

One of the most prominent trends in the Vietnam Cyber-Physical Systems (CPS) market is the integration of Internet of Things (IoT) and Artificial Intelligence (AI) into CPS solutions. As businesses and cities become more connected, IoT devices are increasingly being used to collect data in real-time, while AI is employed to analyze this data and make intelligent decisions. In sectors such as manufacturing, healthcare, and transportation, the combination of IoT and AI within CPS enables more efficient operations and the ability to predict outcomes or optimize processes. For example, in smart factories, IoT sensors monitor machinery, while AI algorithms analyze this data to optimize maintenance schedules, thus preventing costly downtimes. This trend is helping to elevate the capabilities of CPS technologies and is expected to gain further traction as both IoT and AI continue to evolve.

Focus on Sustainable and Green Technologies

Sustainability is another emerging trend in Vietnam’s CPS market. As environmental concerns rise globally, the demand for green technologies and sustainable urban solutions has been increasing. CPS is playing a crucial role in this transition, particularly in smart city projects where energy efficiency, waste management, and resource conservation are key priorities. For example, eco-industrial parks (EIPs) are being scaled up across the country to optimize resource use and minimize environmental impact. These parks incorporate CPS technologies for real-time monitoring of energy consumption, waste management, and water usage. Through real-time monitoring and automated systems, CPS can optimize energy consumption and reduce environmental impact by enhancing the management of resources such as electricity, water, and waste. In line with the government’s goal of promoting green growth and sustainable development, the adoption of CPS solutions is helping create an eco-friendlier urban environment. This trend is expected to continue as the country moves toward greater sustainability in both urban and industrial sectors.

Increased Adoption of Edge Computing

Edge computing is becoming an important trend within the Vietnam CPS market. Traditionally, data from cyber-physical systems was processed in centralized cloud platforms, but with the increasing amount of real-time data generated by IoT devices, edge computing is gaining popularity as a way to process data closer to the source. This reduces latency and enhances the speed and reliability of CPS operations. In sectors such as manufacturing and transportation, where real-time decision-making is essential, edge computing allows for faster processing and responses. Additionally, this trend is aligned with Vietnam’s growing focus on digital infrastructure, where faster, more localized computing is needed to support the expanding CPS applications in both urban and industrial environments.

Government and Industry Collaborations for Innovation

A significant trend in Vietnam’s CPS market is the growing collaboration between the government and private sector players to innovate and expand CPS solutions. The Vietnamese government has shown a commitment to fostering technological development, particularly in industries like manufacturing, logistics, and public infrastructure, which are ripe for digital transformation. Collaboration between government bodies, technology providers, and industry leaders is resulting in the co-development of cutting-edge CPS applications that can address specific regional and industry needs. For example, public-private partnerships have been instrumental in developing tailored CPS applications for sectors like logistics and public infrastructure. These partnerships are also helping to overcome challenges such as the lack of skilled workforce and the high initial costs of implementing CPS technologies. By supporting such collaborations, the government is fostering innovation, which will likely lead to more affordable and advanced CPS solutions tailored to Vietnam’s unique needs and opportunities.

Market Challenges Analysis:

High Implementation Costs

One of the primary challenges facing the growth of Vietnam’s Cyber-Physical Systems (CPS) market is the high initial cost of implementation. Deploying CPS technologies requires significant investment in infrastructure, including IoT devices, sensors, data centers, and advanced software solutions. For instance, the average construction cost for a mid-specification standard data center in Vietnam is approximately USD 6.9 million per megawatt, an increase of 3.5 percent year-on-year. For many businesses, particularly small and medium-sized enterprises (SMEs), the upfront costs can be prohibitive, limiting their ability to adopt these technologies. While the long-term benefits of CPS, such as improved efficiency and cost savings, are evident, the initial financial outlay remains a significant restraint for broader market adoption.

Lack of Skilled Workforce

The shortage of a skilled workforce is another major constraint in the Vietnam CPS market. The complexity of implementing and managing CPS solutions requires specialized knowledge in fields such as AI, IoT, data analytics, and cybersecurity. However, Vietnam is currently facing a gap in the availability of professionals with the necessary expertise to deploy and maintain these systems effectively. This skills shortage not only hinders the pace of CPS adoption but also increases operational risks, as businesses may struggle to properly integrate and manage these sophisticated technologies.

Data Privacy and Security Concerns

As Vietnam increasingly embraces digital technologies, data privacy and security concerns are rising. CPS systems, which rely heavily on the collection and processing of large amounts of real-time data, face significant challenges related to safeguarding sensitive information. With the risk of cyber-attacks and data breaches becoming more prevalent, organizations are wary of the potential security vulnerabilities inherent in integrating cyber and physical systems. These concerns pose a challenge to the widespread adoption of CPS solutions, particularly in sectors like healthcare, energy, and transportation, where data integrity and confidentiality are critical.

Regulatory and Standardization Issues

The evolving nature of CPS technologies presents a challenge in terms of regulatory frameworks and standardization. Vietnam’s regulatory landscape is still developing when it comes to overseeing the deployment and operation of CPS systems. The lack of clear, comprehensive standards for CPS integration and operations can create uncertainties for businesses, hindering innovation and investment in the market. Without established guidelines and policies, companies may be reluctant to implement CPS solutions, especially in critical industries.

Market Opportunities:

Vietnam’s Cyber-Physical Systems (CPS) market presents significant opportunities for growth, particularly in the manufacturing and industrial sectors. As the country continues its push toward Industry 4.0, there is a growing demand for automation, smart manufacturing, and predictive maintenance solutions. CPS technologies enable real-time monitoring and data analysis, which are essential for improving productivity, reducing downtime, and optimizing supply chains. With Vietnam positioning itself as a global manufacturing hub, the adoption of CPS can enhance the country’s competitiveness in international markets by increasing operational efficiency and lowering production costs. Additionally, the government’s focus on modernizing infrastructure, coupled with investments in digitalization, creates a fertile ground for the expansion of CPS technologies across various industries.

Furthermore, the rise of smart cities and urbanization presents significant market opportunities for CPS adoption in Vietnam. As urban areas continue to grow, there is an increasing need for intelligent systems that can efficiently manage urban infrastructure, including traffic, utilities, and waste management. CPS solutions are integral to creating sustainable, eco-friendly cities, which align with Vietnam’s long-term development goals. The government’s support for smart city projects, particularly in major cities like Ho Chi Minh City and Hanoi, is driving the demand for advanced CPS solutions. This trend is further supported by the growing interest in IoT and AI integration, which are crucial for enhancing the capabilities of CPS in managing complex urban systems and improving the quality of life for residents.

Market Segmentation Analysis:

The Vietnam Cyber-Physical Systems (CPS) market can be segmented by component, deployment model, and end-use industry, each offering unique insights into market dynamics.

By Component: The CPS market in Vietnam is broadly divided into hardware, software, and services segments. The hardware segment, which includes IoT devices, sensors, and control systems, is expected to dominate due to the increasing need for physical devices that collect and transmit data. The software segment, encompassing AI, machine learning, and data analytics solutions, is also growing rapidly, driven by the demand for intelligent systems that analyze and process real-time data. The services segment, which includes consulting, system integration, and maintenance services, is witnessing robust growth as businesses require expert guidance to implement and maintain CPS solutions effectively.

By Deployment: The deployment model for CPS solutions in Vietnam is categorized into on-premise and cloud-based systems. On-premise deployment is favored by industries requiring high security and control over their data, such as manufacturing and energy. However, cloud deployment is gaining traction due to its flexibility, scalability, and cost-effectiveness, making it an attractive option for businesses looking to leverage CPS without investing in extensive infrastructure.

By End-Use Industry: The CPS market in Vietnam spans several key industries, including automotive, healthcare, manufacturing, energy & utilities, and others. The automotive sector is increasingly adopting CPS for autonomous vehicle technologies and intelligent traffic management systems. The healthcare sector is integrating CPS for remote patient monitoring and smart medical devices. Manufacturing is seeing widespread adoption for smart factories and automation. The energy and utilities sectors are leveraging CPS for real-time monitoring of power grids and resource optimization, while other industries, such as logistics and agriculture, are also exploring CPS for efficiency improvements.

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Segmentation:

By Component:

Hardware
Software
Services

By Deployment:

On-Premise
Cloud

By End-Use Industry:

Automotive
Healthcare
Manufacturing
Energy & Utilities
Others

Regional Analysis:

Vietnam’s Cyber-Physical Systems (CPS) market is experiencing significant growth, influenced by regional economic activities, industrial development, and technological adoption. While comprehensive market share data by region within Vietnam is limited, available insights highlight the prominence of key urban centers in driving CPS adoption.

Ho Chi Minh City

As Vietnam’s largest economic hub, Ho Chi Minh City plays a pivotal role in the nation’s CPS landscape. The city’s robust manufacturing sector, coupled with a burgeoning technology industry, fosters a high demand for CPS solutions. Investments in smart infrastructure and Industry 4.0 initiatives are prevalent, positioning Ho Chi Minh City as a leader in CPS implementation.

Hanoi

The capital city, Hanoi, serves as a political and administrative center, with a growing emphasis on digital governance and smart city projects. This focus drives the adoption of CPS technologies to enhance public services, urban management, and administrative efficiency. Hanoi’s strategic initiatives contribute to its significant share in the CPS market.

Da Nang

Recognized as a rising technology and innovation hub, Da Nang attracts investments in CPS, particularly in tourism, urban management, and local industries. The city’s commitment to becoming a smart city accelerates the integration of CPS solutions, fostering economic growth and technological advancement.

Other Regions

Provinces such as Hai Phong and Can Tho are gradually embracing CPS to modernize agriculture, manufacturing, and infrastructure. Government initiatives and private investments are pivotal in promoting CPS adoption, aiming to balance technological development across the country.

Key Player Analysis:

Mitsubishi Electric Corporation
Toshiba Corporation
Hitachi, Ltd.
Fujitsu Limite\
Panasonic Corporation
EC Corporation
Huawei Technologies Co., Ltd.
Samsung Electronics Co., Ltd.
Infosys Limite
Wipro Limited

Competitive Analysis:

Vietnam’s Cyber-Physical Systems (CPS) market is experiencing dynamic growth, attracting both global and local players. Key international corporations such as Siemens AG, Rockwell Automation, ABB Ltd, IBM Corporation, Honeywell International Inc., Cisco Systems, Inc., GE Digital, Bosch Rexroth AG, Mitsubishi Electric Corporation, and Fanuc Corporation are actively contributing to the market’s expansion. Locally, Vietnamese firms like Viettel Group and Bkav Corporation are making significant strides. Viettel Group, a state-owned enterprise, leads in telecommunications and technology, offering a range of CPS solutions. Bkav Corporation specializes in cybersecurity, providing robust security measures essential for CPS implementations. The market is also witnessing the emergence of small and medium-sized enterprises (SMEs) that are introducing innovative solutions tailored to local needs. This diversity fosters healthy competition and drives technological advancements within the CPS sector. However, challenges such as high implementation costs and the complexity of integrating CPS solutions persist, requiring continuous innovation and collaboration among market participants.

Recent Developments:

On March 19, 2025, Westcon-Comstor entered into a partnership with Claroty to enhance cyber-physical systems (CPS) security across ASEAN markets, including Vietnam. This collaboration combines Westcon-Comstor’s distribution expertise with Claroty’s specialization in securing operational technology (OT), Internet of Things (IoT), and Internet of Medical Things (IoMT). Together, they aim to deliver robust CPS security solutions to protect critical infrastructure in the region.
On March 6, 2025, Armis, a prominent cyber exposure management company, acquired OTORIO, a leading provider of operational technology (OT) and cyber-physical system (CPS) security. OTORIO’s Titan platform will now be integrated into Armis’ Centrix™ cloud-based platform, expanding its capabilities to include on-premises CPS solutions for air-gapped environments.
In February 2025, Nozomi Networks was recognized as a Leader in the 2025 Gartner Magic Quadrant for CPS Protection Platforms. This accolade highlights Nozomi’s expertise in OT, IoT, and CPS security, particularly its AI-powered platform for asset discovery, threat detection, and vulnerability management. The recognition underscores Nozomi’s commitment to securing critical infrastructure and enhancing resilience against evolving cyber threats.

Market Concentration & Characteristics:

Vietnam’s Cyber-Physical Systems (CPS) market is characterized by a moderate level of concentration, with both global and local players actively contributing to its growth. The market’s expansion is driven by increasing digitalization, a rising number of cyber threats, and the growing need for robust security solutions across various sectors.The cybersecurity sector in Vietnam is moderately fragmented, with the top five players accounting for approximately 47% of the market share in terms of revenues. This indicates a competitive landscape where both international and domestic companies vie for market presence. Major international corporations such as Microsoft, Accenture, and Palo Alto Networks have established a significant foothold in the market. Concurrently, local entities like Viettel Group and Bkav Corporation play pivotal roles, offering tailored solutions that address specific regional needs. Vietnam’s CPS market is experiencing rapid growth, propelled by factors such as increased digital transformation, the proliferation of IoT devices, and advancements in AI technologies. The manufacturing sector, in particular, holds a substantial share of the CPS market, driven by the demand for automation and smart manufacturing solutions. However, challenges persist, including high implementation costs and the complexity of integrating CPS solutions, which can impede adoption rates. Despite these challenges, the market presents significant opportunities, especially in sectors like energy, healthcare, and automotive, where CPS can drive efficiency and innovation.

Report Coverage:

The research report offers an in-depth analysis based on Component, Deployment and End-Use Industry. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook:

Vietnam’s Cyber-Physical Systems market is expected to grow rapidly as digital transformation accelerates across industries.
Increased adoption of smart manufacturing solutions will drive the demand for CPS, particularly in Vietnam’s industrial sector.
Government initiatives to promote Industry 4.0 will further fuel the integration of CPS technologies across manufacturing and urban infrastructure.
Rising investments in smart cities will expand CPS applications for traffic management, utilities, and public services.
The shift towards cloud-based CPS solutions will make adoption more accessible and cost-effective for businesses.
The automotive sector will increasingly incorporate CPS for autonomous vehicles and intelligent traffic systems.
AI and IoT integration within CPS will continue to enhance operational efficiency and decision-making capabilities.
Growing concerns over cybersecurity will drive CPS solutions to provide more robust security for critical infrastructure.
The need for real-time data processing will accelerate the adoption of edge computing in CPS applications.
Vietnam’s CPS market will become more competitive, with both local startups and global players vying for market share.

CHAPTER NO. 1 : INTRODUCTION 19

1.1.1. Report Description 19

Purpose of the Report 19

USP & Key Offerings 19

1.1.2. Key Benefits for Stakeholders 19

1.1.3. Target Audience 20

1.1.4. Report Scope 20

CHAPTER NO. 2 : EXECUTIVE SUMMARY 21

2.1. Cyber Physical Systems (CPS) Market Snapshot 21

2.1.1. Vietnam Cyber Physical Systems (CPS) Market, 2018 – 2032 (USD Million) 22

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 23

3.1. Russia-Ukraine and Israel-Palestine War Impacts 23

CHAPTER NO. 4 : CYBER PHYSICAL SYSTEMS (CPS) MARKET – INDUSTRY ANALYSIS 24

4.1. Introduction 24

4.2. Market Drivers 25

4.2.1. Increasing adoption of Industry 4.0 technologies. 25

4.2.2. Rising demand for real-time data analysis and automation in industrial processes 26

4.3. Market Restraints 27

4.3.1. High initial implementation costs 27

4.4. Market Opportunities 28

4.4.1. Integration of CPS with emerging technologies like IoT and AI 28

4.5. Porter’s Five Forces Analysis 29

4.6. Buying Criteria 30

CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS 31

5.1. Import Analysis by Vietnam 31

5.1.1. Vietnam Cyber Physical Systems (CPS) Market Import Volume/Revenue, By Vietnam, 2018 – 2023 31

5.2. Export Analysis by Vietnam 32

5.2.1. Vietnam Cyber Physical Systems (CPS) Market Export Volume/Revenue, By Vietnam, 2018 – 2023 32

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 33

6.1. Demand Analysis by Vietnam 33

6.1.1. Vietnam Cyber Physical Systems (CPS) Market Demand Volume/Revenue, By Vietnam, 2018 – 2023 33

6.2. Supply Analysis by Vietnam 34

6.2.1. Vietnam Cyber Physical Systems (CPS) Market Supply Volume/Revenue, By Vietnam, 2018 – 2023 34

CHAPTER NO. 7 : PRODUCTION ANALYSIS 35

7.1. Production Analysis by Vietnam 35

7.1.1. Vietnam Cyber Physical Systems (CPS) Market Production Volume/Revenue, By Vietnam, 2018 – 2023 35

CHAPTER NO. 8 : PRICE ANALYSIS 36

8.1. Price Analysis by Component 36

8.1.1. Vietnam Cyber Physical Systems (CPS) Market Price, By Component, 2018 – 2023 36

8.1.2. Vietnam Component Market Price, By Component, 2018 – 2023 36

CHAPTER NO. 9 : RAW MATERIALS ANALYSIS 37

9.1. Key Raw Materials and Suppliers 37

9.2. Key Raw Materials Price Trend 37

CHAPTER NO. 10 : MANUFACTURING COST ANALYSIS 38

10.1. Manufacturing Cost Analysis 38

10.2. Manufacturing Process 38

CHAPTER NO. 11 : ANALYSIS COMPETITIVE LANDSCAPE 39

11.1. Company Market Share Analysis – 2023 39

11.2. Value Chain Analysis 39

11.2.1. Vietnam Cyber Physical Systems (CPS) Market: Company Market Share, by Volume, 2023 40

11.2.2. Vietnam Cyber Physical Systems (CPS) Market: Company Market Share, by Revenue, 2023 41

11.2.3. Vietnam Cyber Physical Systems (CPS) Market: Top 6 Company Market Share, by Revenue, 2023 41

11.2.4. Vietnam Cyber Physical Systems (CPS) Market: Top 3 Company Market Share, by Revenue, 2023 42

11.3. Vietnam Cyber Physical Systems (CPS) Market Company Volume Market Share, 2023 43

11.4. Vietnam Cyber Physical Systems (CPS) Market Company Revenue Market Share, 2023 44

11.5. Company Assessment Metrics, 2023 44

11.5.1. Stars 44

11.5.2. Emerging Leaders 44

11.5.3. Pervasive Players 44

11.5.4. Participants 44

11.6. Start-ups /SMEs Assessment Metrics, 2023 44

11.6.1. Progressive Companies 44

11.6.2. Responsive Companies 45

11.6.3. Dynamic Companies 45

11.6.4. Starting Blocks 45

11.7. Strategic Developments 46

11.7.1. Acquisitions & Mergers 46

New Product Launch 46

Vietnam Expansion 46

11.8. Key Players Product Matrix 47

CHAPTER NO. 12 : PESTEL & ADJACENT MARKET ANALYSIS 48

12.1. PESTEL 48

12.1.1. Political Factors 48

12.1.2. Economic Factors 48

12.1.3. Social Factors 48

12.1.4. Technological Factors 48

12.1.5. Environmental Factors 48

12.1.6. Legal Factors 48

12.2. Adjacent Market Analysis 48

CHAPTER NO. 13 : CYBER PHYSICAL SYSTEMS (CPS) MARKET – BY COMPONENT SEGMENT ANALYSIS 49

13.1. Cyber Physical Systems (CPS) Market Overview, by Component Segment 49

13.1.1. Cyber Physical Systems (CPS) Market Revenue Share, By Component, 2023 & 2032 50

13.1.2. Cyber Physical Systems (CPS) Market Attractiveness Analysis, By Component 51

13.1.3. Incremental Revenue Growth Opportunity, by Component, 2024 – 2032 51

13.1.4. Cyber Physical Systems (CPS) Market Revenue, By Component, 2018, 2023, 2027 & 2032 52

13.2. Hardware 53

13.3. Software 54

13.4. Services 55

CHAPTER NO. 14 : CYBER PHYSICAL SYSTEMS (CPS) MARKET – BY DEPLOYMENT SEGMENT ANALYSIS 56

14.1. Cyber Physical Systems (CPS) Market Overview, by Deployment Segment 56

14.1.1. Cyber Physical Systems (CPS) Market Revenue Share, By Deployment, 2023 & 2032 57

14.1.2. Cyber Physical Systems (CPS) Market Attractiveness Analysis, By Deployment 58

14.1.3. Incremental Revenue Growth Opportunity, by Deployment, 2024 – 2032 58

14.1.4. Cyber Physical Systems (CPS) Market Revenue, By Deployment, 2018, 2023, 2027 & 2032 59

14.2. On-Premise 60

14.3. Cloud 61

CHAPTER NO. 15 : CYBER PHYSICAL SYSTEMS (CPS) MARKET – BY END-USE INDUSTRY SEGMENT ANALYSIS 62

15.1. Cyber Physical Systems (CPS) Market Overview, by End-Use Industry Segment 62

15.1.1. Cyber Physical Systems (CPS) Market Revenue Share, By End-Use Industry, 2023 & 2032 63

15.1.2. Cyber Physical Systems (CPS) Market Attractiveness Analysis, By End-Use Industry 64

15.1.3. Incremental Revenue Growth Opportunity, by End-Use Industry, 2024 – 2032 64

15.1.4. Cyber Physical Systems (CPS) Market Revenue, By End-Use Industry, 2018, 2023, 2027 & 2032 65

15.2. Automotive 66

15.3. Healthcare 67

15.4. Manufacturing 68

15.5. Energy & Utilities 69

15.6. Others 70

CHAPTER NO. 16 : CYBER PHYSICAL SYSTEMS (CPS) MARKET – VIETNAM ANALYSIS 71

16.1. Component 71

16.1.1. Vietnam Cyber Physical Systems (CPS) Market Revenue, By Component, 2018 – 2023 (USD Million) 71

16.2. Vietnam Cyber Physical Systems (CPS) Market Revenue, By Component, 2024 – 2032 (USD Million) 71

16.3. Deployment 72

16.3.1. Vietnam Cyber Physical Systems (CPS) Market Revenue, By Deployment, 2018 – 2023 (USD Million) 72

16.3.2. Vietnam Cyber Physical Systems (CPS) Market Revenue, By Deployment, 2024 – 2032 (USD Million) 72

16.4. End-Use Industry 73

16.4.1. Vietnam Cyber Physical Systems (CPS) Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 73

16.4.2. Vietnam Cyber Physical Systems (CPS) Market Revenue, By End-Use Industry, 2024 – 2032 (USD Million) 73

CHAPTER NO. 17 : COMPANY PROFILES 74

17.1.1. Company Overview 74

17.1.2. Product Portfolio 74

17.1.3. Swot Analysis 74

17.1.4. Business Strategy 75

17.1.5. Financial Overview 75

17.2. Toshiba Corporation 76

17.3. Hitachi, Ltd. 76

17.4. Fujitsu Limited 76

17.5. Panasonic Corporation 76

17.6. NEC Corporation 76

17.7. Huawei Technologies Co., Ltd. 76

17.8. Samsung Electronics Co., Ltd. 76

17.9. Infosys Limited 76

17.10. Wipro Limited 76

List of Figures

FIG NO. 1. Vietnam Cyber Physical Systems (CPS) Market Revenue, 2018 – 2032 (USD Million) 22

FIG NO. 2. Porter’s Five Forces Analysis for Vietnam Cyber Physical Systems (CPS) Market 29

FIG NO. 3. Vietnam Cyber Physical Systems (CPS) Market Import Volume/Revenue, By Vietnam, 2018 – 2023 31

FIG NO. 4. Vietnam Cyber Physical Systems (CPS) Market Export Volume/Revenue, By Vietnam, 2018 – 2023 32

FIG NO. 5. Vietnam Cyber Physical Systems (CPS) Market Demand Volume/Revenue, By Vietnam, 2018 – 2023 33

FIG NO. 6. Vietnam Cyber Physical Systems (CPS) Market Supply Volume/Revenue, By Vietnam, 2018 – 2023 34

FIG NO. 7. Vietnam Cyber Physical Systems (CPS) Market Production Volume/Revenue, By Vietnam, 2018 – 2023 35

FIG NO. 8. Vietnam Cyber Physical Systems (CPS) Market Price, By Component, 2018 – 2023 36

FIG NO. 9. Raw Materials Price Trend Analysis, 2018 – 2023 37

FIG NO. 10. Manufacturing Cost Analysis 38

FIG NO. 11. Manufacturing Process 38

FIG NO. 12. Value Chain Analysis for Vietnam Cyber Physical Systems (CPS) Market 39

FIG NO. 13. Company Share Analysis, 2023 40

FIG NO. 14. Company Share Analysis, 2023 41

FIG NO. 15. Company Share Analysis, 2023 41

FIG NO. 16. Company Share Analysis, 2023 42

FIG NO. 17. Cyber Physical Systems (CPS) Market – Company Volume Market Share, 2023 43

FIG NO. 18. Cyber Physical Systems (CPS) Market – Company Revenue Market Share, 2023 44

FIG NO. 19. Cyber Physical Systems (CPS) Market Revenue Share, By Component, 2023 & 2032 50

FIG NO. 20. Market Attractiveness Analysis, By Component 51

FIG NO. 21. Incremental Revenue Growth Opportunity by Component, 2024 – 2032 51

FIG NO. 22. Cyber Physical Systems (CPS) Market Revenue, By Component, 2018, 2023, 2027 & 2032 52

FIG NO. 23. Vietnam Cyber Physical Systems (CPS) Market for Hardware, Revenue (USD Million) 2018 – 2032 53

FIG NO. 24. Vietnam Cyber Physical Systems (CPS) Market for Software, Revenue (USD Million) 2018 – 2032 54

FIG NO. 25. Vietnam Cyber Physical Systems (CPS) Market for Services, Revenue (USD Million) 2018 – 2032 55

FIG NO. 26. Cyber Physical Systems (CPS) Market Revenue Share, By Deployment, 2023 & 2032 57

FIG NO. 27. Market Attractiveness Analysis, By Deployment 58

FIG NO. 28. Incremental Revenue Growth Opportunity by Deployment, 2024 – 2032 58

FIG NO. 29. Cyber Physical Systems (CPS) Market Revenue, By Deployment, 2018, 2023, 2027 & 2032 59

FIG NO. 30. Vietnam Cyber Physical Systems (CPS) Market for On-Premise, Revenue (USD Million) 2018 – 2032 60

FIG NO. 31. Vietnam Cyber Physical Systems (CPS) Market for Cloud, Revenue (USD Million) 2018 – 2032 61

FIG NO. 32. Cyber Physical Systems (CPS) Market Revenue Share, By End-Use Industry, 2023 & 2032 63

FIG NO. 33. Market Attractiveness Analysis, By End-Use Industry 64

FIG NO. 34. Incremental Revenue Growth Opportunity by End-Use Industry, 2024 – 2032 64

FIG NO. 35. Cyber Physical Systems (CPS) Market Revenue, By End-Use Industry, 2018, 2023, 2027 & 2032 65

FIG NO. 36. Vietnam Cyber Physical Systems (CPS) Market for Automotive, Revenue (USD Million) 2018 – 2032 66

FIG NO. 37. Vietnam Cyber Physical Systems (CPS) Market for Healthcare, Revenue (USD Million) 2018 – 2032 67

FIG NO. 38. Vietnam Cyber Physical Systems (CPS) Market for Manufacturing, Revenue (USD Million) 2018 – 2032 68

FIG NO. 39. Vietnam Cyber Physical Systems (CPS) Market for Energy & Utilities, Revenue (USD Million) 2018 – 2032 69

FIG NO. 40. Vietnam Cyber Physical Systems (CPS) Market for Others, Revenue (USD Million) 2018 – 2032 70

List of Tables

TABLE NO. 1. : Vietnam Cyber Physical Systems (CPS) Market: Snapshot 21

TABLE NO. 2. : Drivers for the Cyber Physical Systems (CPS) Market: Impact Analysis 25

TABLE NO. 3. : Restraints for the Cyber Physical Systems (CPS) Market: Impact Analysis 27

TABLE NO. 4. : Vietnam Cyber Physical Systems (CPS) Market Revenue, By Component, 2018 – 2023 36

TABLE NO. 5. : Key Raw Materials & Suppliers 37

TABLE NO. 6. : Vietnam Cyber Physical Systems (CPS) Market Revenue, By Component, 2018 – 2023 (USD Million) 71

TABLE NO. 7. : Vietnam Cyber Physical Systems (CPS) Market Revenue, By Component, 2024 – 2032 (USD Million) 71

TABLE NO. 8. : Vietnam Cyber Physical Systems (CPS) Market Revenue, By Deployment, 2018 – 2023 (USD Million) 72

TABLE NO. 9. : Vietnam Cyber Physical Systems (CPS) Market Revenue, By Deployment, 2024 – 2032 (USD Million) 72

TABLE NO. 10. : Vietnam Cyber Physical Systems (CPS) Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 73

TABLE NO. 11. : Vietnam Cyber Physical Systems (CPS) Market Revenue, By End-Use Industry, 2024 – 2032 (USD Million) 73

Frequently Asked Questions

What is the current size of the Vietnam Cyber Physical Systems Market?

The Vietnam Cyber-Physical Systems market is projected to grow from USD 353.33 million in 2024 to an estimated USD 803.26 million by 2032, with a CAGR of 10.81% from 2024 to 2032.

What factors are driving the growth of the Vietnam Cyber Physical Systems market?

Key factors include the Vietnamese government’s digital transformation initiatives, the rise of industrial automation, the development of smart infrastructure, and the increasing need for robust cybersecurity systems.

What are the key segments within the Vietnam Cyber Physical Systems market?

The market is segmented by component (hardware, software, services), deployment model (on-premise, cloud), and end-use industry (automotive, healthcare, manufacturing, energy & utilities, others).

Who are the major players in the Vietnam Cyber Physical Systems Market?

Major players include global companies like Siemens AG, Honeywell International, Rockwell Automation, and local firms such as Viettel Group and Bkav Corporation.

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