| Product Code: ETC5619407 | Publication Date: Nov 2023 | Updated Date: Jan 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Honduras experienced a 7.84% import growth rate in the Honduras IoT node and gateway market from 2023 to 2024, with a compound annual growth rate (CAGR) of 13.84% from 2020 to 2024. This growth can be attributed to increasing demand for IoT technologies in various industries in the region.

The Honduras IoT Node and Gateway Market is experiencing steady growth as the demand for efficient data transmission and connectivity increases. IoT nodes and gateways are critical components in enabling communication between devices and networks. However, the market faces obstacles such as high deployment costs and limited awareness among end-users.
The IoT node and gateway market in Honduras is growing due to the increasing number of IoT devices deployed across industries such as agriculture, manufacturing, and smart homes. IoT nodes and gateways are essential for connecting edge devices to centralized platforms, enabling seamless data transfer and communication within IoT ecosystems. The expansion of smart cities and smart industries is a major driver for this market, as these technologies are necessary to manage large numbers of IoT devices effectively. The growing need for low-latency, reliable communication and the rise of edge computing are also contributing to the market`s expansion.
The IoT node and gateway market in Honduras is constrained by the high costs of devices and the limited local manufacturing capacity. Nodes and gateways are essential for collecting and transmitting data from IoT devices to central systems, but their high cost and reliance on imported components make them expensive. Additionally, many companies face challenges in maintaining and upgrading these devices, as local technical expertise in IoT hardware is limited. The market is also affected by the lack of local suppliers, further increasing the cost and reducing accessibility for businesses.
Honduras is promoting the development of the IoT node and gateway market by establishing policies that encourage the manufacturing and deployment of these critical components in the IoT infrastructure. Policies support businesses that develop innovative nodes and gateways that connect devices to IoT networks, ensuring reliable data transmission. The government offers grants and tax incentives for companies that manufacture or deploy IoT nodes and gateways, particularly those that improve energy efficiency, reduce operational costs, and enhance connectivity in underserved areas.
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 Honduras IoT Node and Gateway Market Overview |
3.1 Honduras Country Macro Economic Indicators |
3.2 Honduras IoT Node and Gateway Market Revenues & Volume, 2021 & 2031F |
3.3 Honduras IoT Node and Gateway Market - Industry Life Cycle |
3.4 Honduras IoT Node and Gateway Market - Porter's Five Forces |
3.5 Honduras IoT Node and Gateway Market Revenues & Volume Share, By Hardware, 2021 & 2031F |
3.6 Honduras IoT Node and Gateway Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Honduras IoT Node and Gateway Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of IoT technology in various industries in Honduras |
4.2.2 Government initiatives to promote the development of IoT infrastructure |
4.2.3 Growing demand for real-time data monitoring and analysis in businesses |
4.3 Market Restraints |
4.3.1 Limited availability of skilled professionals in IoT technology in Honduras |
4.3.2 High initial investment costs associated with implementing IoT solutions |
4.3.3 Concerns regarding data security and privacy in IoT devices |
5 Honduras IoT Node and Gateway Market Trends |
6 Honduras IoT Node and Gateway Market Segmentations |
6.1 Honduras IoT Node and Gateway Market, By Hardware |
6.1.1 Overview and Analysis |
6.1.2 Honduras IoT Node and Gateway Market Revenues & Volume, By Processor, 2021-2031F |
6.1.3 Honduras IoT Node and Gateway Market Revenues & Volume, By Sensor, 2021-2031F |
6.2 Honduras IoT Node and Gateway Market, By End Use |
6.2.1 Overview and Analysis |
6.2.2 Honduras IoT Node and Gateway Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.3 Honduras IoT Node and Gateway Market Revenues & Volume, By Consumer, 2021-2031F |
7 Honduras IoT Node and Gateway Market Import-Export Trade Statistics |
7.1 Honduras IoT Node and Gateway Market Export to Major Countries |
7.2 Honduras IoT Node and Gateway Market Imports from Major Countries |
8 Honduras IoT Node and Gateway Market Key Performance Indicators |
8.1 Average number of IoT devices per capita in Honduras |
8.2 Percentage increase in IoT-related job postings in the region |
8.3 Number of IoT pilot projects initiated by local businesses |
8.4 Rate of IoT technology integration in key industries in Honduras |
8.5 Average time taken to implement IoT solutions in businesses |
9 Honduras IoT Node and Gateway Market - Opportunity Assessment |
9.1 Honduras IoT Node and Gateway Market Opportunity Assessment, By Hardware, 2021 & 2031F |
9.2 Honduras IoT Node and Gateway Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Honduras IoT Node and Gateway Market - Competitive Landscape |
10.1 Honduras IoT Node and Gateway Market Revenue Share, By Companies, 2024 |
10.2 Honduras IoT Node and Gateway Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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