| Product Code: ETC5882492 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia continued to see significant import shipments of automotive PCBs, with top exporting countries being China, Netherlands, Estonia, Taiwan, and Metropolitan France. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a steady CAGR of 5.4% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -2.92%, suggesting potential challenges or shifts in the market dynamics. Monitoring these trends will be crucial for stakeholders in the automotive PCB import sector in Latvia.

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 Latvia Automotive PCB Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Automotive PCB Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Automotive PCB Market - Industry Life Cycle |
3.4 Latvia Automotive PCB Market - Porter's Five Forces |
3.5 Latvia Automotive PCB Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Automotive PCB Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.7 Latvia Automotive PCB Market Revenues & Volume Share, By Level of Autonomous Driving, 2021 & 2031F |
4 Latvia Automotive PCB Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electric vehicles in Latvia, leading to higher adoption of automotive PCBs for EV components. |
4.2.2 Technological advancements in automotive PCBs, such as the integration of IoT and AI, driving the market growth. |
4.2.3 Government initiatives promoting automotive manufacturing and innovation in Latvia, boosting the demand for automotive PCBs. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production costs of automotive PCBs. |
4.3.2 Intense competition among automotive PCB manufacturers leading to pricing pressures. |
4.3.3 Regulatory challenges related to environmental standards and compliance affecting the market. |
5 Latvia Automotive PCB Market Trends |
6 Latvia Automotive PCB Market Segmentations |
6.1 Latvia Automotive PCB Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Automotive PCB Market Revenues & Volume, By Single-sided, 2021-2031F |
6.1.3 Latvia Automotive PCB Market Revenues & Volume, By Double-sided, 2021-2031F |
6.1.4 Latvia Automotive PCB Market Revenues & Volume, By Multi-layer, 2021-2031F |
6.2 Latvia Automotive PCB Market, By Fuel Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Automotive PCB Market Revenues & Volume, By BEVs, 2021-2031F |
6.2.3 Latvia Automotive PCB Market Revenues & Volume, By HEVs, 2021-2031F |
6.2.4 Latvia Automotive PCB Market Revenues & Volume, By ICE, 2021-2031F |
6.3 Latvia Automotive PCB Market, By Level of Autonomous Driving |
6.3.1 Overview and Analysis |
6.3.2 Latvia Automotive PCB Market Revenues & Volume, By Autonomous, 2021-2031F |
6.3.3 Latvia Automotive PCB Market Revenues & Volume, By Semi-autonomous, 2021-2031F |
6.3.4 Latvia Automotive PCB Market Revenues & Volume, By Conventional, 2021-2031F |
7 Latvia Automotive PCB Market Import-Export Trade Statistics |
7.1 Latvia Automotive PCB Market Export to Major Countries |
7.2 Latvia Automotive PCB Market Imports from Major Countries |
8 Latvia Automotive PCB Market Key Performance Indicators |
8.1 Percentage of automotive PCBs integrated with advanced technologies (IoT, AI, etc.). |
8.2 Adoption rate of automotive PCBs in electric vehicles compared to traditional vehicles. |
8.3 Number of government initiatives supporting the automotive PCB market in Latvia. |
8.4 Average lead time for manufacturing automotive PCBs. |
8.5 Rate of innovation in automotive PCB designs and functionalities. |
9 Latvia Automotive PCB Market - Opportunity Assessment |
9.1 Latvia Automotive PCB Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Automotive PCB Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.3 Latvia Automotive PCB Market Opportunity Assessment, By Level of Autonomous Driving, 2021 & 2031F |
10 Latvia Automotive PCB Market - Competitive Landscape |
10.1 Latvia Automotive PCB Market Revenue Share, By Companies, 2024 |
10.2 Latvia Automotive PCB 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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