| Product Code: ETC7906217 | 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`s import of Bluetooth beacons in 2024 continued to be dominated by shipments from Vietnam, China, Lithuania, Netherlands, and the USA. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 was modest at 0.99%, with a slight growth rate of 0.88% from 2023 to 2024. This data suggests a stable market with key players maintaining their positions in supplying Bluetooth beacons to Latvia.
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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 Bluetooth Beacons Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Bluetooth Beacons Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Bluetooth Beacons Market - Industry Life Cycle |
3.4 Latvia Bluetooth Beacons Market - Porter's Five Forces |
3.5 Latvia Bluetooth Beacons Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Latvia Bluetooth Beacons Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Latvia Bluetooth Beacons Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of IoT technology in various industries leading to the demand for Bluetooth beacons for location-based services. |
4.2.2 Growing emphasis on enhancing customer experience and engagement in retail and hospitality sectors through proximity marketing. |
4.2.3 Rise in the use of Bluetooth beacons for asset tracking and management in logistics and healthcare industries. |
4.3 Market Restraints |
4.3.1 Concerns over data privacy and security related to the use of Bluetooth beacons, leading to regulatory challenges. |
4.3.2 Limited awareness and understanding among businesses about the potential applications and benefits of Bluetooth beacons. |
4.3.3 Competition from alternative technologies such as RFID and Wi-Fi positioning systems impacting market penetration. |
5 Latvia Bluetooth Beacons Market Trends |
6 Latvia Bluetooth Beacons Market, By Types |
6.1 Latvia Bluetooth Beacons Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Latvia Bluetooth Beacons Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 Latvia Bluetooth Beacons Market Revenues & Volume, By iBeacon, 2021- 2031F |
6.1.4 Latvia Bluetooth Beacons Market Revenues & Volume, By Eddystone, 2021- 2031F |
6.1.5 Latvia Bluetooth Beacons Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Bluetooth Beacons Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 Latvia Bluetooth Beacons Market Revenues & Volume, By Retail, 2021- 2031F |
6.2.3 Latvia Bluetooth Beacons Market Revenues & Volume, By Travel & tourism, 2021- 2031F |
6.2.4 Latvia Bluetooth Beacons Market Revenues & Volume, By Healthcare, 2021- 2031F |
6.2.5 Latvia Bluetooth Beacons Market Revenues & Volume, By Financial institutions, 2021- 2031F |
6.2.6 Latvia Bluetooth Beacons Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Bluetooth Beacons Market Import-Export Trade Statistics |
7.1 Latvia Bluetooth Beacons Market Export to Major Countries |
7.2 Latvia Bluetooth Beacons Market Imports from Major Countries |
8 Latvia Bluetooth Beacons Market Key Performance Indicators |
8.1 Average number of active Bluetooth beacons deployed per site. |
8.2 Percentage increase in the use of Bluetooth beacons for indoor navigation and wayfinding. |
8.3 Rate of adoption of Bluetooth beacons in emerging sectors like healthcare and smart buildings. |
9 Latvia Bluetooth Beacons Market - Opportunity Assessment |
9.1 Latvia Bluetooth Beacons Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Latvia Bluetooth Beacons Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Latvia Bluetooth Beacons Market - Competitive Landscape |
10.1 Latvia Bluetooth Beacons Market Revenue Share, By Companies, 2024 |
10.2 Latvia Bluetooth Beacons 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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