| Product Code: ETC7402578 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Guatemala continued to rely on imports for its smart roads technology, with key suppliers including China, USA, Vietnam, Taiwan, and Italy. The High Herfindahl-Hirschman Index (HHI) indicates a high level of market concentration, emphasizing the dominance of these top exporting countries. Despite a negative compound annual growth rate (CAGR) from 2020 to 2024, the sector experienced a positive growth spurt in 2024, with a notable growth rate of 6.64% from 2023 to 2024. These trends suggest a dynamic market landscape with opportunities for further expansion and innovation in the smart roads sector in Guatemala.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Guatemala Smart Roads Market Overview |
3.1 Guatemala Country Macro Economic Indicators |
3.2 Guatemala Smart Roads Market Revenues & Volume, 2021 & 2031F |
3.3 Guatemala Smart Roads Market - Industry Life Cycle |
3.4 Guatemala Smart Roads Market - Porter's Five Forces |
3.5 Guatemala Smart Roads Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Guatemala Smart Roads Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Guatemala Smart Roads Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government initiatives to improve transportation infrastructure |
4.2.2 Growing urbanization and population density leading to higher demand for smart road solutions |
4.2.3 Rising focus on reducing traffic congestion and improving road safety |
4.3 Market Restraints |
4.3.1 High initial investment costs for implementing smart road technologies |
4.3.2 Lack of skilled labor and expertise in the field of smart road technology |
4.3.3 Regulatory challenges and lack of clear standards for smart road implementation |
5 Guatemala Smart Roads Market Trends |
6 Guatemala Smart Roads Market, By Types |
6.1 Guatemala Smart Roads Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Guatemala Smart Roads Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Guatemala Smart Roads Market Revenues & Volume, By Transportation and Communication System, 2021- 2031F |
6.1.4 Guatemala Smart Roads Market Revenues & Volume, By Traffic Management System, 2021- 2031F |
6.1.5 Guatemala Smart Roads Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Guatemala Smart Roads Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Guatemala Smart Roads Market Revenues & Volume, By Urban Traffic, 2021- 2031F |
6.2.3 Guatemala Smart Roads Market Revenues & Volume, By Highway, 2021- 2031F |
7 Guatemala Smart Roads Market Import-Export Trade Statistics |
7.1 Guatemala Smart Roads Market Export to Major Countries |
7.2 Guatemala Smart Roads Market Imports from Major Countries |
8 Guatemala Smart Roads Market Key Performance Indicators |
8.1 Percentage increase in the adoption of smart road technologies in Guatemala |
8.2 Reduction in average commute time on smart roads compared to traditional roads |
8.3 Number of accidents prevented or reduced due to smart road technologies |
8.4 Improvement in air quality and reduction in carbon emissions on smart roads |
8.5 Increase in public satisfaction and perception of safety on smart roads |
9 Guatemala Smart Roads Market - Opportunity Assessment |
9.1 Guatemala Smart Roads Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Guatemala Smart Roads Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Guatemala Smart Roads Market - Competitive Landscape |
10.1 Guatemala Smart Roads Market Revenue Share, By Companies, 2024 |
10.2 Guatemala Smart Roads Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |