| Product Code: ETC7904881 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to rely on imports of attitude and heading reference systems, with top suppliers including the USA, Turkey, Sweden, Taiwan, Province of China, and the UK. The high concentration of the market indicates limited diversification among suppliers. However, the negative Compound Annual Growth Rate (CAGR) of -25.79% from 2020 to 2024 and the sharp decline in growth rate from 2023 to 2024 at -65.32% suggest a challenging market environment. Stakeholders should closely monitor these trends and adapt their strategies accordingly to navigate potential risks and seize opportunities in the Latvian market.

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 Attitude and Heading Reference Systems Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Attitude and Heading Reference Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Attitude and Heading Reference Systems Market - Industry Life Cycle |
3.4 Latvia Attitude and Heading Reference Systems Market - Porter's Five Forces |
3.5 Latvia Attitude and Heading Reference Systems Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Attitude and Heading Reference Systems Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.7 Latvia Attitude and Heading Reference Systems Market Revenues & Volume Share, By Data Type, 2021 & 2031F |
3.8 Latvia Attitude and Heading Reference Systems Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.9 Latvia Attitude and Heading Reference Systems Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Latvia Attitude and Heading Reference Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for commercial aircraft in Latvia |
4.2.2 Growing adoption of unmanned aerial vehicles (UAVs) in various applications |
4.2.3 Technological advancements leading to more accurate and efficient attitude and heading reference systems |
4.3 Market Restraints |
4.3.1 High initial investment required for implementing advanced attitude and heading reference systems |
4.3.2 Stringent regulations and certification processes in the aviation industry |
4.3.3 Limited awareness about the benefits of attitude and heading reference systems among potential end-users |
5 Latvia Attitude and Heading Reference Systems Market Trends |
6 Latvia Attitude and Heading Reference Systems Market, By Types |
6.1 Latvia Attitude and Heading Reference Systems Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Attitude and Heading Reference Systems Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Attitude and Heading Reference Systems Market Revenues & Volume, By Conventional Attitude and Heading Reference System, 2021- 2031F |
6.1.4 Latvia Attitude and Heading Reference Systems Market Revenues & Volume, By Air Data Attitude and Heading Reference System, 2021- 2031F |
6.1.5 Latvia Attitude and Heading Reference Systems Market Revenues & Volume, By GPS-Aided Attitude and Heading Reference System, 2021- 2031F |
6.2 Latvia Attitude and Heading Reference Systems Market, By Offering |
6.2.1 Overview and Analysis |
6.2.2 Latvia Attitude and Heading Reference Systems Market Revenues & Volume, By Hardware, 2021- 2031F |
6.2.3 Latvia Attitude and Heading Reference Systems Market Revenues & Volume, By Software, 2021- 2031F |
6.2.4 Latvia Attitude and Heading Reference Systems Market Revenues & Volume, By Service, 2021- 2031F |
6.3 Latvia Attitude and Heading Reference Systems Market, By Data Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Attitude and Heading Reference Systems Market Revenues & Volume, By Analog, 2021- 2031F |
6.3.3 Latvia Attitude and Heading Reference Systems Market Revenues & Volume, By Digital, 2021- 2031F |
6.4 Latvia Attitude and Heading Reference Systems Market, By Grade |
6.4.1 Overview and Analysis |
6.4.2 Latvia Attitude and Heading Reference Systems Market Revenues & Volume, By Tactical Grade, 2021- 2031F |
6.4.3 Latvia Attitude and Heading Reference Systems Market Revenues & Volume, By High Performance Grade, 2021- 2031F |
6.4.4 Latvia Attitude and Heading Reference Systems Market Revenues & Volume, By Industrial Grade, 2021- 2031F |
6.5 Latvia Attitude and Heading Reference Systems Market, By End-User |
6.5.1 Overview and Analysis |
6.5.2 Latvia Attitude and Heading Reference Systems Market Revenues & Volume, By Civil Aviation, 2021- 2031F |
6.5.3 Latvia Attitude and Heading Reference Systems Market Revenues & Volume, By Military Aviation, 2021- 2031F |
6.5.4 Latvia Attitude and Heading Reference Systems Market Revenues & Volume, By Marine, 2021- 2031F |
6.5.5 Latvia Attitude and Heading Reference Systems Market Revenues & Volume, By Unmanned Vehicles, 2021- 2031F |
6.5.6 Latvia Attitude and Heading Reference Systems Market Revenues & Volume, By Robotics, 2021- 2031F |
6.5.7 Latvia Attitude and Heading Reference Systems Market Revenues & Volume, By Agriculture, 2021- 2031F |
7 Latvia Attitude and Heading Reference Systems Market Import-Export Trade Statistics |
7.1 Latvia Attitude and Heading Reference Systems Market Export to Major Countries |
7.2 Latvia Attitude and Heading Reference Systems Market Imports from Major Countries |
8 Latvia Attitude and Heading Reference Systems Market Key Performance Indicators |
8.1 Average time taken for system integration and calibration |
8.2 Number of partnerships or collaborations with key industry players for technology advancement |
8.3 Percentage increase in the adoption of attitude and heading reference systems in different sectors of Latvia |
9 Latvia Attitude and Heading Reference Systems Market - Opportunity Assessment |
9.1 Latvia Attitude and Heading Reference Systems Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Attitude and Heading Reference Systems Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.3 Latvia Attitude and Heading Reference Systems Market Opportunity Assessment, By Data Type, 2021 & 2031F |
9.4 Latvia Attitude and Heading Reference Systems Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.5 Latvia Attitude and Heading Reference Systems Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Latvia Attitude and Heading Reference Systems Market - Competitive Landscape |
10.1 Latvia Attitude and Heading Reference Systems Market Revenue Share, By Companies, 2024 |
10.2 Latvia Attitude and Heading Reference Systems 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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