| Product Code: ETC10731253 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The active RFID import shipments to Latvia saw significant growth in 2024, with Metropolitan France, Ukraine, China, South Korea, and Italy emerging as the top exporting countries. The market concentration, as measured by the HHI, increased from moderate to high in 2024, indicating a more competitive landscape. The impressive Compound Annual Growth Rate (CAGR) of 4.42% from 2020 to 2024 highlights the steady expansion of the market. Moreover, the remarkable growth rate of 24.95% from 2023 to 2024 suggests a surge in demand for active RFID technology 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 Active RFID Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Active RFID Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Active RFID Market - Industry Life Cycle |
3.4 Latvia Active RFID Market - Porter's Five Forces |
3.5 Latvia Active RFID Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Active RFID Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Active RFID Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Active RFID Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for real-time asset tracking and inventory management solutions |
4.2.2 Growing adoption of IoT technologies across various industries in Latvia |
4.2.3 Rising focus on enhancing operational efficiency and reducing costs through automation |
4.2.4 Government initiatives promoting the use of RFID technology for improved supply chain visibility |
4.3 Market Restraints |
4.3.1 High initial investment and deployment costs associated with active RFID systems |
4.3.2 Data security and privacy concerns related to the use of RFID technology |
4.3.3 Limited awareness and understanding of the benefits of active RFID solutions among potential users |
4.3.4 Compatibility issues with existing infrastructure and systems in some industries |
5 Latvia Active RFID Market Trends |
6 Latvia Active RFID Market, By Types |
6.1 Latvia Active RFID Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Active RFID Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Latvia Active RFID Market Revenues & Volume, By Tags, 2021 - 2031F |
6.1.4 Latvia Active RFID Market Revenues & Volume, By Readers, 2021 - 2031F |
6.1.5 Latvia Active RFID Market Revenues & Volume, By Software, 2021 - 2031F |
6.1.6 Latvia Active RFID Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Latvia Active RFID Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Active RFID Market Revenues & Volume, By Asset Tracking, 2021 - 2031F |
6.2.3 Latvia Active RFID Market Revenues & Volume, By Inventory Management, 2021 - 2031F |
6.2.4 Latvia Active RFID Market Revenues & Volume, By Personnel Tracking, 2021 - 2031F |
6.2.5 Latvia Active RFID Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Latvia Active RFID Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Active RFID Market Revenues & Volume, By Retail, 2021 - 2031F |
6.3.3 Latvia Active RFID Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.3.4 Latvia Active RFID Market Revenues & Volume, By Manufacturing, 2021 - 2031F |
6.3.5 Latvia Active RFID Market Revenues & Volume, By Logistics, 2021 - 2031F |
6.3.6 Latvia Active RFID Market Revenues & Volume, By Automotive, 2021 - 2031F |
7 Latvia Active RFID Market Import-Export Trade Statistics |
7.1 Latvia Active RFID Market Export to Major Countries |
7.2 Latvia Active RFID Market Imports from Major Countries |
8 Latvia Active RFID Market Key Performance Indicators |
8.1 Average read range of active RFID tags deployed in Latvia |
8.2 Percentage increase in the number of active RFID installations year-over-year |
8.3 Average time taken for asset/inventory location using active RFID technology |
8.4 Rate of successful real-time data transmission and accuracy of active RFID systems |
8.5 Percentage reduction in manual inventory tracking errors due to active RFID implementation |
9 Latvia Active RFID Market - Opportunity Assessment |
9.1 Latvia Active RFID Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Active RFID Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Active RFID Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Active RFID Market - Competitive Landscape |
10.1 Latvia Active RFID Market Revenue Share, By Companies, 2024 |
10.2 Latvia Active RFID 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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