Latin America Smart Highway Market Size & Outlook, 2030

Revenue, 2023 (US$M)

$3,120.0

Forecast, 2030 (US$M)

$11,300.4

CAGR, 2024 - 2030

20.2%

Report Coverage

Latin America

Latin America smart highway market, 2018-2030 (US$M)

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Related Markets

Global Smart Highway Industry Outlook

North America Smart Highway Market Outlook

Europe Smart Highway Market Outlook

Asia Pacific Smart Highway Market Outlook

MEA Smart Highway Market Outlook

Latin America smart highway market highlights

The Latin America smart highway market generated a revenue of USD 3,120.0 million in 2023.
The market is expected to grow at a CAGR of 20.2% from 2024 to 2030.
In terms of segment, intelligent transport management system was the largest revenue generating technology in 2023.
Intelligent Transport Management System is the most lucrative technology segment registering the fastest growth during the forecast period.

Latin America data book summary

Market revenue in 2023	USD 3,120.0 million
Market revenue in 2030	USD 11,300.4 million
Growth rate	20.2% (CAGR from 2023 to 2030)
Largest segment	Intelligent transport management system
Fastest growing segment	Intelligent Transport Management System
Historical data covered	2018 - 2022
Base year for estimation	2023
Forecast period covered	2024 - 2030
Quantitative units	Revenue in USD million
Market segmentation	Intelligent Transport Management System

Other key industry trends

In terms of revenue, Latin America region accounted for 5.4% of the global smart highway market in 2023.
Globally, North America is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 57,691.5 million by 2030.

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Smart Highway Market Scope

Smart highway market segmentation & scope

Technology

Intelligent Transport Management System

Lane Departure Warning System (LDW)

Automatic Number Plate Recognition (ANPR)

Incident Detection System

Radio Frequency Identification (RFID)

Intelligent Traffic Management System

Electronic Toll Collection System

Global Navigation Satellite System (GNSS)/Global Positioning System (GPS)

Real-Time Traffic Management

Communication System

Radio Network

Emergency Network

Data Network

Monitoring System

Traffic Measurement

Weather Management

Video Surveillance

Displays

Variable Message Signs

Digital Signage

Others

Deployment

Cloud

On-Premises

Regions

Latin America

Europe

North America

Middle East & Africa

Asia Pacific

Countries

U.S.

Canada

Mexico

Denmark

France

Germany

Italy

Norway

Spain

Sweden

Brazil

Argentina

Australia

China

India

Japan

South Korea

Thailand

UAE

South Africa

Saudi Arabia

Kuwait

Smart Highway Market Companies

Name	Profile	# Employees	HQ	Website

Latin America smart highway market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart highway market will help companies and investors design strategic landscapes.

Intelligent transport management system was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Latin America smart highway market based on intelligent transport management system covering the revenue growth of each sub-segment from 2018 to 2030.

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Target buyers of Latin America smart highway market databook

Our clientele includes a mix of smart highway market companies, investment firms, advisory firms & academic institutions.
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America smart highway market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America smart highway market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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