Latvia Automotive Steering Sensor Market (2025-2031) | Value, Size & Revenue, Share, Companies, Industry, Forecast, Trends, Growth, Outlook, Competitive Landscape, Analysis, Segmentation

Market Forecast By Sensor Type (Health Monitoring Systems, Torque Sensors, Intelligent Multi-functional Sensor Systems, Position Sensors/Angle Sensors, Other Sensor Types), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Technology (Contacting, Magnetic) And Competitive Landscape
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

Latvia Automotive Steering Sensor Market Top 5 Importing Countries and Market Competition (HHI) Analysis

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.

Latvia Automotive Steering Sensor Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Latvia Automotive Steering Sensor Market Outlook
  • Market Size of Latvia Automotive Steering Sensor Market, 2024
  • Forecast of Latvia Automotive Steering Sensor Market, 2031
  • Historical Data and Forecast of Latvia Automotive Steering Sensor Revenues & Volume for the Period 2021- 2031
  • Latvia Automotive Steering Sensor Market Trend Evolution
  • Latvia Automotive Steering Sensor Market Drivers and Challenges
  • Latvia Automotive Steering Sensor Price Trends
  • Latvia Automotive Steering Sensor Porter's Five Forces
  • Latvia Automotive Steering Sensor Industry Life Cycle
  • Historical Data and Forecast of Latvia Automotive Steering Sensor Market Revenues & Volume By Sensor Type for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Automotive Steering Sensor Market Revenues & Volume By Health Monitoring Systems for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Automotive Steering Sensor Market Revenues & Volume By Torque Sensors for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Automotive Steering Sensor Market Revenues & Volume By Intelligent Multi-functional Sensor Systems for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Automotive Steering Sensor Market Revenues & Volume By Position Sensors/Angle Sensors for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Automotive Steering Sensor Market Revenues & Volume By Other Sensor Types for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Automotive Steering Sensor Market Revenues & Volume By Vehicle Type for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Automotive Steering Sensor Market Revenues & Volume By Passenger Cars for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Automotive Steering Sensor Market Revenues & Volume By Light Commercial Vehicles for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Automotive Steering Sensor Market Revenues & Volume By Heavy Commercial Vehicles for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Automotive Steering Sensor Market Revenues & Volume By Technology for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Automotive Steering Sensor Market Revenues & Volume By Contacting for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Automotive Steering Sensor Market Revenues & Volume By Magnetic for the Period 2021- 2031
  • Latvia Automotive Steering Sensor Import Export Trade Statistics
  • Market Opportunity Assessment By Sensor Type
  • Market Opportunity Assessment By Vehicle Type
  • Market Opportunity Assessment By Technology
  • Latvia Automotive Steering Sensor Top Companies Market Share
  • Latvia Automotive Steering Sensor Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Automotive Steering Sensor Company Profiles
  • Latvia Automotive Steering Sensor Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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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

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