| Product Code: ETC7905469 | 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 |
The automotive steering sensor import shipments to Latvia in 2024 were primarily sourced from key European countries including Germany, Poland, Hungary, Sweden, and Estonia. Despite a high level of market concentration in 2023, the Herfindahl-Hirschman Index (HHI) indicated a slightly lower but still significant concentration in 2024. The compound annual growth rate (CAGR) for the period 2020-2024 was negative at -1.18%, with a notable decline in growth rate from 2023 to 2024 at -40.34%. This data suggests a challenging market environment for automotive steering sensor imports in Latvia during the specified period.

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 Steering Sensor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Automotive Steering Sensor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Automotive Steering Sensor Market - Industry Life Cycle |
3.4 Latvia Automotive Steering Sensor Market - Porter's Five Forces |
3.5 Latvia Automotive Steering Sensor Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 Latvia Automotive Steering Sensor Market Revenues & Volume Share, By Sensor Type, 2021 & 2031F |
3.7 Latvia Automotive Steering Sensor Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Latvia Automotive Steering Sensor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for advanced driver assistance systems (ADAS) in vehicles. |
4.2.2 Technological advancements in automotive steering sensors leading to improved safety features. |
4.2.3 Growing focus on vehicle electrification and autonomous driving technology. |
4.3 Market Restraints |
4.3.1 High initial investment required for integrating advanced steering sensor technology. |
4.3.2 Concerns regarding data security and privacy in connected vehicles. |
4.3.3 Impact of volatile raw material prices on manufacturing costs. |
5 Latvia Automotive Steering Sensor Market Trends |
6 Latvia Automotive Steering Sensor Market, By Types |
6.1 Latvia Automotive Steering Sensor Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Automotive Steering Sensor Market Revenues & Volume, By Vehicle Type, 2021- 2031F |
6.1.3 Latvia Automotive Steering Sensor Market Revenues & Volume, By Passenger Cars, 2021- 2031F |
6.1.4 Latvia Automotive Steering Sensor Market Revenues & Volume, By Commercial Vehicles, 2021- 2031F |
6.2 Latvia Automotive Steering Sensor Market, By Sensor Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Automotive Steering Sensor Market Revenues & Volume, By Health Monitoring Systems, 2021- 2031F |
6.2.3 Latvia Automotive Steering Sensor Market Revenues & Volume, By Torque, 2021- 2031F |
6.2.4 Latvia Automotive Steering Sensor Market Revenues & Volume, By Angle Sensors, 2021- 2031F |
6.2.5 Latvia Automotive Steering Sensor Market Revenues & Volume, By Position Sensors, 2021- 2031F |
6.2.6 Latvia Automotive Steering Sensor Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Automotive Steering Sensor Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 Latvia Automotive Steering Sensor Market Revenues & Volume, By Contacting, 2021- 2031F |
6.3.3 Latvia Automotive Steering Sensor Market Revenues & Volume, By Magnetic, 2021- 2031F |
7 Latvia Automotive Steering Sensor Market Import-Export Trade Statistics |
7.1 Latvia Automotive Steering Sensor Market Export to Major Countries |
7.2 Latvia Automotive Steering Sensor Market Imports from Major Countries |
8 Latvia Automotive Steering Sensor Market Key Performance Indicators |
8.1 Adoption rate of ADAS technology in vehicles in Latvia. |
8.2 Number of new patents or innovations in automotive steering sensor technology. |
8.3 Percentage of vehicles equipped with autonomous driving features in the market. |
8.4 Average age of vehicles in Latvia equipped with steering sensor technology. |
9 Latvia Automotive Steering Sensor Market - Opportunity Assessment |
9.1 Latvia Automotive Steering Sensor Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 Latvia Automotive Steering Sensor Market Opportunity Assessment, By Sensor Type, 2021 & 2031F |
9.3 Latvia Automotive Steering Sensor Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Latvia Automotive Steering Sensor Market - Competitive Landscape |
10.1 Latvia Automotive Steering Sensor Market Revenue Share, By Companies, 2024 |
10.2 Latvia Automotive Steering Sensor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |