Latvia Piezoelectric Devices Market (2025-2031) | Industry, Trends, Forecast, Outlook, Segmentation, Revenue, Analysis, Size, Share, Value, Companies & Growth

Market Forecast By Product (Piezoelectric Sensors, Piezoelectric Actuators, Piezoelectric Motors, Piezoelectric Transducers, Piezoelectric Generators, Others), By Material (Piezoelectric Crystals, Piezoelectric Ceramics, Piezoelectric Polymers, Piezoelectric Composites), By Application (Aerospace & Defense, Industrial & Manufacturing, Automotive, Healthcare, Information & Communication, Consumer Electronics, Others) And Competitive Landscape
Product Code: ETC4714505 Publication Date: Nov 2023 Updated Date: Nov 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Shubham Padhi No. of Pages: 60 No. of Figures: 30 No. of Tables: 5

Latvia Piezoelectric Devices Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Latvia saw a diverse range of piezoelectric devices imports, with top exporters including Taiwan, Province of China, Metropolitan France, Sweden, Lithuania, and Germany. Despite the variety of exporting countries, the market remained relatively unconcentrated with a low Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at a steady 4.06%. However, there was a significant decline in growth rate from 2023 to 2024, dropping by -45.28%, which may indicate shifting market dynamics or temporary challenges in the industry.

Latvia Piezoelectric Devices Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Latvia Piezoelectric Devices Market Outlook
  • Market Size of Latvia Piezoelectric Devices Market, 2024
  • Forecast of Latvia Piezoelectric Devices Market, 2031
  • Historical Data and Forecast of Latvia Piezoelectric Devices Revenues & Volume for the Period 2021-2031
  • Latvia Piezoelectric Devices Market Trend Evolution
  • Latvia Piezoelectric Devices Market Drivers and Challenges
  • Latvia Piezoelectric Devices Price Trends
  • Latvia Piezoelectric Devices Porter`s Five Forces
  • Latvia Piezoelectric Devices Industry Life Cycle
  • Historical Data and Forecast of Latvia Piezoelectric Devices Market Revenues & Volume By Product for the Period 2021-2031
  • Historical Data and Forecast of Latvia Piezoelectric Devices Market Revenues & Volume By Piezoelectric Sensors for the Period 2021-2031
  • Historical Data and Forecast of Latvia Piezoelectric Devices Market Revenues & Volume By Piezoelectric Actuators for the Period 2021-2031
  • Historical Data and Forecast of Latvia Piezoelectric Devices Market Revenues & Volume By Piezoelectric Motors for the Period 2021-2031
  • Historical Data and Forecast of Latvia Piezoelectric Devices Market Revenues & Volume By Piezoelectric Transducers for the Period 2021-2031
  • Historical Data and Forecast of Latvia Piezoelectric Devices Market Revenues & Volume By Piezoelectric Generators for the Period 2021-2031
  • Historical Data and Forecast of Latvia Piezoelectric Devices Market Revenues & Volume By Others for the Period 2021-2031
  • Historical Data and Forecast of Latvia Piezoelectric Devices Market Revenues & Volume By Material for the Period 2021-2031
  • Historical Data and Forecast of Latvia Piezoelectric Devices Market Revenues & Volume By Piezoelectric Crystals for the Period 2021-2031
  • Historical Data and Forecast of Latvia Piezoelectric Devices Market Revenues & Volume By Piezoelectric Ceramics for the Period 2021-2031
  • Historical Data and Forecast of Latvia Piezoelectric Devices Market Revenues & Volume By Piezoelectric Polymers for the Period 2021-2031
  • Historical Data and Forecast of Latvia Piezoelectric Devices Market Revenues & Volume By Piezoelectric Composites for the Period 2021-2031
  • Historical Data and Forecast of Latvia Piezoelectric Devices Market Revenues & Volume By Application for the Period 2021-2031
  • Historical Data and Forecast of Latvia Piezoelectric Devices Market Revenues & Volume By Aerospace & Defense for the Period 2021-2031
  • Historical Data and Forecast of Latvia Piezoelectric Devices Market Revenues & Volume By Industrial & Manufacturing for the Period 2021-2031
  • Historical Data and Forecast of Latvia Piezoelectric Devices Market Revenues & Volume By Automotive for the Period 2021-2031
  • Historical Data and Forecast of Latvia Piezoelectric Devices Market Revenues & Volume By Healthcare for the Period 2021-2031
  • Historical Data and Forecast of Latvia Piezoelectric Devices Market Revenues & Volume By Information & Communication for the Period 2021-2031
  • Historical Data and Forecast of Latvia Piezoelectric Devices Market Revenues & Volume By Consumer Electronics for the Period 2021-2031
  • Historical Data and Forecast of Latvia Piezoelectric Devices Market Revenues & Volume By Others for the Period 2021-2031
  • Latvia Piezoelectric Devices Import Export Trade Statistics
  • Market Opportunity Assessment By Product
  • Market Opportunity Assessment By Material
  • Market Opportunity Assessment By Application
  • Latvia Piezoelectric Devices Top Companies Market Share
  • Latvia Piezoelectric Devices Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Piezoelectric Devices Company Profiles
  • Latvia Piezoelectric Devices Key Strategic Recommendations

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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 Piezoelectric Devices Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Piezoelectric Devices Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Piezoelectric Devices Market - Industry Life Cycle

3.4 Latvia Piezoelectric Devices Market - Porter's Five Forces

3.5 Latvia Piezoelectric Devices Market Revenues & Volume Share, By Product, 2021 & 2031F

3.6 Latvia Piezoelectric Devices Market Revenues & Volume Share, By Material, 2021 & 2031F

3.7 Latvia Piezoelectric Devices Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Latvia Piezoelectric Devices Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for piezoelectric devices in various industries such as healthcare, automotive, and consumer electronics.

4.2.2 Technological advancements leading to improved performance and efficiency of piezoelectric devices.

4.2.3 Growing focus on energy harvesting solutions driving the adoption of piezoelectric devices.

4.2.4 Government initiatives promoting the use of sustainable and energy-efficient technologies in Latvia.

4.3 Market Restraints

4.3.1 High initial investment costs associated with the development and implementation of piezoelectric devices.

4.3.2 Limited awareness and understanding of piezoelectric technology among potential end-users.

4.3.3 Challenges related to standardization and compatibility of piezoelectric devices with existing systems in Latvia.

4.3.4 Supply chain disruptions impacting the availability of raw materials for piezoelectric device manufacturing.

5 Latvia Piezoelectric Devices Market Trends

6 Latvia Piezoelectric Devices Market Segmentations

6.1 Latvia Piezoelectric Devices Market, By Product

6.1.1 Overview and Analysis

6.1.2 Latvia Piezoelectric Devices Market Revenues & Volume, By Piezoelectric Sensors, 2021-2031F

6.1.3 Latvia Piezoelectric Devices Market Revenues & Volume, By Piezoelectric Actuators, 2021-2031F

6.1.4 Latvia Piezoelectric Devices Market Revenues & Volume, By Piezoelectric Motors, 2021-2031F

6.1.5 Latvia Piezoelectric Devices Market Revenues & Volume, By Piezoelectric Transducers, 2021-2031F

6.1.6 Latvia Piezoelectric Devices Market Revenues & Volume, By Piezoelectric Generators, 2021-2031F

6.1.7 Latvia Piezoelectric Devices Market Revenues & Volume, By Others, 2021-2031F

6.2 Latvia Piezoelectric Devices Market, By Material

6.2.1 Overview and Analysis

6.2.2 Latvia Piezoelectric Devices Market Revenues & Volume, By Piezoelectric Crystals, 2021-2031F

6.2.3 Latvia Piezoelectric Devices Market Revenues & Volume, By Piezoelectric Ceramics, 2021-2031F

6.2.4 Latvia Piezoelectric Devices Market Revenues & Volume, By Piezoelectric Polymers, 2021-2031F

6.2.5 Latvia Piezoelectric Devices Market Revenues & Volume, By Piezoelectric Composites, 2021-2031F

6.3 Latvia Piezoelectric Devices Market, By Application

6.3.1 Overview and Analysis

6.3.2 Latvia Piezoelectric Devices Market Revenues & Volume, By Aerospace & Defense, 2021-2031F

6.3.3 Latvia Piezoelectric Devices Market Revenues & Volume, By Industrial & Manufacturing, 2021-2031F

6.3.4 Latvia Piezoelectric Devices Market Revenues & Volume, By Automotive, 2021-2031F

6.3.5 Latvia Piezoelectric Devices Market Revenues & Volume, By Healthcare, 2021-2031F

6.3.6 Latvia Piezoelectric Devices Market Revenues & Volume, By Information & Communication, 2021-2031F

6.3.7 Latvia Piezoelectric Devices Market Revenues & Volume, By Consumer Electronics, 2021-2031F

7 Latvia Piezoelectric Devices Market Import-Export Trade Statistics

7.1 Latvia Piezoelectric Devices Market Export to Major Countries

7.2 Latvia Piezoelectric Devices Market Imports from Major Countries

8 Latvia Piezoelectric Devices Market Key Performance Indicators

8.1 Research and development investment in piezoelectric technology.

8.2 Adoption rate of piezoelectric devices in key industries.

8.3 Number of patents filed for new piezoelectric technologies.

8.4 Efficiency improvements in piezoelectric devices over time.

8.5 Number of partnerships and collaborations for technology advancement in the piezoelectric devices market.

9 Latvia Piezoelectric Devices Market - Opportunity Assessment

9.1 Latvia Piezoelectric Devices Market Opportunity Assessment, By Product, 2021 & 2031F

9.2 Latvia Piezoelectric Devices Market Opportunity Assessment, By Material, 2021 & 2031F

9.3 Latvia Piezoelectric Devices Market Opportunity Assessment, By Application, 2021 & 2031F

10 Latvia Piezoelectric Devices Market - Competitive Landscape

10.1 Latvia Piezoelectric Devices Market Revenue Share, By Companies, 2024

10.2 Latvia Piezoelectric Devices Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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