| Product Code: ETC5605054 | 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 |
The import shipments of 360-degree cameras into Latvia in 2024 continued to be dominated by top exporting countries such as Japan, China, Switzerland, UK, and Norway. The high concentration of the Herfindahl-Hirschman Index (HHI) in 2024 indicates a very competitive market landscape. Despite a notable CAGR of 6.27% from 2020 to 2024, the negative growth rate of -16.65% from 2023 to 2024 highlights a recent decline in the import volume, suggesting potential shifts or challenges in the market dynamics for 360-degree cameras 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 360-Degree Camera Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia 360-Degree Camera Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia 360-Degree Camera Market - Industry Life Cycle |
3.4 Latvia 360-Degree Camera Market - Porter's Five Forces |
3.5 Latvia 360-Degree Camera Market Revenues & Volume Share, By Connectivity Type, 2021 & 2031F |
3.6 Latvia 360-Degree Camera Market Revenues & Volume Share, By Resolution , 2021 & 2031F |
3.7 Latvia 360-Degree Camera Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
3.8 Latvia 360-Degree Camera Market Revenues & Volume Share, By Camera Type, 2021 & 2031F |
4 Latvia 360-Degree Camera Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for immersive experiences in entertainment and tourism industries |
4.2.2 Growing trend of using 360-degree cameras for virtual tours in real estate sector |
4.2.3 Advancements in technology leading to more affordable and higher quality 360-degree cameras |
4.3 Market Restraints |
4.3.1 High cost of high-end 360-degree camera models limiting market penetration |
4.3.2 Limited consumer awareness and education about the benefits and usage of 360-degree cameras |
4.3.3 Concerns regarding data privacy and security issues associated with 360-degree content creation |
5 Latvia 360-Degree Camera Market Trends |
6 Latvia 360-Degree Camera Market Segmentations |
6.1 Latvia 360-Degree Camera Market, By Connectivity Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia 360-Degree Camera Market Revenues & Volume, By Wired , 2021-2031F |
6.1.3 Latvia 360-Degree Camera Market Revenues & Volume, By Wireless, 2021-2031F |
6.2 Latvia 360-Degree Camera Market, By Resolution |
6.2.1 Overview and Analysis |
6.2.2 Latvia 360-Degree Camera Market Revenues & Volume, By HD , 2021-2031F |
6.2.3 Latvia 360-Degree Camera Market Revenues & Volume, By UHD, 2021-2031F |
6.3 Latvia 360-Degree Camera Market, By Vertical |
6.3.1 Overview and Analysis |
6.3.2 Latvia 360-Degree Camera Market Revenues & Volume, By Media & Entertainment, 2021-2031F |
6.3.3 Latvia 360-Degree Camera Market Revenues & Volume, By Consumer, 2021-2031F |
6.3.4 Latvia 360-Degree Camera Market Revenues & Volume, By Military & Defense, 2021-2031F |
6.3.5 Latvia 360-Degree Camera Market Revenues & Volume, By Travel & Tourism, 2021-2031F |
6.3.6 Latvia 360-Degree Camera Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.7 Latvia 360-Degree Camera Market Revenues & Volume, By Commercial, 2021-2031F |
6.4 Latvia 360-Degree Camera Market, By Camera Type |
6.4.1 Overview and Analysis |
6.4.2 Latvia 360-Degree Camera Market Revenues & Volume, By Single, 2021-2031F |
6.4.3 Latvia 360-Degree Camera Market Revenues & Volume, By Professional, 2021-2031F |
7 Latvia 360-Degree Camera Market Import-Export Trade Statistics |
7.1 Latvia 360-Degree Camera Market Export to Major Countries |
7.2 Latvia 360-Degree Camera Market Imports from Major Countries |
8 Latvia 360-Degree Camera Market Key Performance Indicators |
8.1 Average selling price (ASP) of 360-degree cameras in Latvia |
8.2 Number of partnerships and collaborations between camera manufacturers and content creators in Latvia |
8.3 Percentage increase in online searches for 360-degree camera-related terms in Latvia |
9 Latvia 360-Degree Camera Market - Opportunity Assessment |
9.1 Latvia 360-Degree Camera Market Opportunity Assessment, By Connectivity Type, 2021 & 2031F |
9.2 Latvia 360-Degree Camera Market Opportunity Assessment, By Resolution , 2021 & 2031F |
9.3 Latvia 360-Degree Camera Market Opportunity Assessment, By Vertical, 2021 & 2031F |
9.4 Latvia 360-Degree Camera Market Opportunity Assessment, By Camera Type, 2021 & 2031F |
10 Latvia 360-Degree Camera Market - Competitive Landscape |
10.1 Latvia 360-Degree Camera Market Revenue Share, By Companies, 2024 |
10.2 Latvia 360-Degree Camera 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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