| Product Code: ETC5109382 | 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 |
The automotive reversing radar import shipments to Latvia in 2024 continued to see a high concentration with top exporters being Poland, Germany, Estonia, Netherlands, and Sweden. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period 2020-2024 remained strong at 11.91%. This indicates a steady demand for reversing radar technology in the Latvian automotive market, with key players maintaining their position in the industry.

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 Automotive Reversing Radar Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Automotive Reversing Radar Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Automotive Reversing Radar Market - Industry Life Cycle |
3.4 Latvia Automotive Reversing Radar Market - Porter's Five Forces |
3.5 Latvia Automotive Reversing Radar Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Automotive Reversing Radar Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Automotive Reversing Radar Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about road safety and the benefits of using automotive reversing radars. |
4.2.2 Implementation of stringent safety regulations by the government, mandating the use of safety features like reversing radars. |
4.2.3 Rising demand for advanced driver assistance systems (ADAS) in vehicles to enhance driving experience and reduce accidents. |
4.3 Market Restraints |
4.3.1 High initial cost of installation and maintenance of automotive reversing radars. |
4.3.2 Limited consumer awareness and understanding of the benefits of reversing radars, leading to slower adoption rates. |
4.3.3 Presence of alternative technologies or solutions that compete with automotive reversing radars. |
5 Latvia Automotive Reversing Radar Market Trends |
6 Latvia Automotive Reversing Radar Market Segmentations |
6.1 Latvia Automotive Reversing Radar Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Automotive Reversing Radar Market Revenues & Volume, By Ultrasonic, 2021-2031F |
6.1.3 Latvia Automotive Reversing Radar Market Revenues & Volume, By Electromagnetic, 2021-2031F |
6.2 Latvia Automotive Reversing Radar Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Automotive Reversing Radar Market Revenues & Volume, By Passenger Vehicle, 2021-2031F |
6.2.3 Latvia Automotive Reversing Radar Market Revenues & Volume, By Commercial Vehicle, 2021-2031F |
7 Latvia Automotive Reversing Radar Market Import-Export Trade Statistics |
7.1 Latvia Automotive Reversing Radar Market Export to Major Countries |
7.2 Latvia Automotive Reversing Radar Market Imports from Major Countries |
8 Latvia Automotive Reversing Radar Market Key Performance Indicators |
8.1 Number of new vehicle models equipped with automotive reversing radars. |
8.2 Rate of adoption of ADAS features in vehicles in Latvia. |
8.3 Number of road accidents involving vehicle reversing before and after the implementation of mandatory reversing radar regulations. |
8.4 Average installation cost of automotive reversing radars in the market. |
8.5 Customer satisfaction and feedback on the performance and reliability of automotive reversing radars in vehicles. |
9 Latvia Automotive Reversing Radar Market - Opportunity Assessment |
9.1 Latvia Automotive Reversing Radar Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Automotive Reversing Radar Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Automotive Reversing Radar Market - Competitive Landscape |
10.1 Latvia Automotive Reversing Radar Market Revenue Share, By Companies, 2024 |
10.2 Latvia Automotive Reversing Radar Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |