| Product Code: ETC5877837 | 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 saw significant imports of driving simulators mainly from Austria, Romania, Czechia, Netherlands, and the UK. Despite the negative CAGR of -6.43% from 2020 to 2024 and a steep decline in growth rate of -18.26% from 2023 to 2024, the market remained relatively diversified with low concentration, as indicated by the Herfindahl-Hirschman Index (HHI). This suggests a competitive landscape among the top exporting countries, offering Latvian consumers a variety of options in driving simulator products.

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 Driving Simulator Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Driving Simulator Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Driving Simulator Market - Industry Life Cycle |
3.4 Latvia Driving Simulator Market - Porter's Five Forces |
3.5 Latvia Driving Simulator Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Latvia Driving Simulator Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.7 Latvia Driving Simulator Market Revenues & Volume Share, By Simulator Type, 2021 & 2031F |
4 Latvia Driving Simulator Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for realistic driving training solutions |
4.2.2 Growing emphasis on road safety and driver education |
4.2.3 Technological advancements leading to more sophisticated driving simulator offerings |
4.3 Market Restraints |
4.3.1 High initial investment costs for setting up driving simulator facilities |
4.3.2 Limited awareness and adoption of driving simulators in Latvia |
5 Latvia Driving Simulator Market Trends |
6 Latvia Driving Simulator Market Segmentations |
6.1 Latvia Driving Simulator Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Driving Simulator Market Revenues & Volume, By Training , 2021-2031F |
6.1.3 Latvia Driving Simulator Market Revenues & Volume, By Research & Testing, 2021-2031F |
6.2 Latvia Driving Simulator Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Driving Simulator Market Revenues & Volume, By Car Simulator , 2021-2031F |
6.2.3 Latvia Driving Simulator Market Revenues & Volume, By Truck & Bus Simulator, 2021-2031F |
6.3 Latvia Driving Simulator Market, By Simulator Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Driving Simulator Market Revenues & Volume, By Training Simulator , 2021-2031F |
6.3.3 Latvia Driving Simulator Market Revenues & Volume, By Advanced Driving Simulator, 2021-2031F |
7 Latvia Driving Simulator Market Import-Export Trade Statistics |
7.1 Latvia Driving Simulator Market Export to Major Countries |
7.2 Latvia Driving Simulator Market Imports from Major Countries |
8 Latvia Driving Simulator Market Key Performance Indicators |
8.1 Average session duration on driving simulators |
8.2 Number of driving schools integrating driving simulators into their training programs |
8.3 Percentage increase in the utilization rate of driving simulators in the education sector |
9 Latvia Driving Simulator Market - Opportunity Assessment |
9.1 Latvia Driving Simulator Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Latvia Driving Simulator Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.3 Latvia Driving Simulator Market Opportunity Assessment, By Simulator Type, 2021 & 2031F |
10 Latvia Driving Simulator Market - Competitive Landscape |
10.1 Latvia Driving Simulator Market Revenue Share, By Companies, 2024 |
10.2 Latvia Driving Simulator Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |