| Product Code: ETC7908010 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw a notable increase in collision avoidance sensor import shipments, with top exporting countries being Denmark, Poland, Germany, China, and Sweden. The market remained competitive with low concentration, indicating a diverse range of suppliers. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period 2020-24 was positive at 6.64%, suggesting a steady expansion in the market for collision avoidance sensors in Latvia. The dynamic import landscape and consistent growth highlight the importance of this technology in enhancing road safety.

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 Collision Avoidance Sensor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Collision Avoidance Sensor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Collision Avoidance Sensor Market - Industry Life Cycle |
3.4 Latvia Collision Avoidance Sensor Market - Porter's Five Forces |
3.5 Latvia Collision Avoidance Sensor Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Latvia Collision Avoidance Sensor Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Collision Avoidance Sensor Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Latvia Collision Avoidance Sensor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on road safety regulations in Latvia |
4.2.2 Growing awareness about the benefits of collision avoidance sensors |
4.2.3 Technological advancements leading to improved sensor capabilities |
4.3 Market Restraints |
4.3.1 High initial costs associated with installing collision avoidance sensors |
4.3.2 Limited consumer awareness and adoption of advanced safety technologies in Latvia |
5 Latvia Collision Avoidance Sensor Market Trends |
6 Latvia Collision Avoidance Sensor Market, By Types |
6.1 Latvia Collision Avoidance Sensor Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Latvia Collision Avoidance Sensor Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 Latvia Collision Avoidance Sensor Market Revenues & Volume, By Radar, 2021- 2031F |
6.1.4 Latvia Collision Avoidance Sensor Market Revenues & Volume, By LiDAR, 2021- 2031F |
6.1.5 Latvia Collision Avoidance Sensor Market Revenues & Volume, By Ultrasound, 2021- 2031F |
6.1.6 Latvia Collision Avoidance Sensor Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Collision Avoidance Sensor Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Collision Avoidance Sensor Market Revenues & Volume, By Object Detection, 2021- 2031F |
6.2.3 Latvia Collision Avoidance Sensor Market Revenues & Volume, By Blind Spot Detection, 2021- 2031F |
6.2.4 Latvia Collision Avoidance Sensor Market Revenues & Volume, By Lane Departure Warning System, 2021- 2031F |
6.2.5 Latvia Collision Avoidance Sensor Market Revenues & Volume, By Adaptive Cruise Control, 2021- 2031F |
6.2.6 Latvia Collision Avoidance Sensor Market Revenues & Volume, By Parking Assistance, 2021- 2031F |
6.2.7 Latvia Collision Avoidance Sensor Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Collision Avoidance Sensor Market, By End-use Industry |
6.3.1 Overview and Analysis |
6.3.2 Latvia Collision Avoidance Sensor Market Revenues & Volume, By Automotive, 2021- 2031F |
6.3.3 Latvia Collision Avoidance Sensor Market Revenues & Volume, By Aerospace & Defense, 2021- 2031F |
6.3.4 Latvia Collision Avoidance Sensor Market Revenues & Volume, By Marine, 2021- 2031F |
6.3.5 Latvia Collision Avoidance Sensor Market Revenues & Volume, By Warehousing & Logistics, 2021- 2031F |
6.3.6 Latvia Collision Avoidance Sensor Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Collision Avoidance Sensor Market Import-Export Trade Statistics |
7.1 Latvia Collision Avoidance Sensor Market Export to Major Countries |
7.2 Latvia Collision Avoidance Sensor Market Imports from Major Countries |
8 Latvia Collision Avoidance Sensor Market Key Performance Indicators |
8.1 Number of road accidents reduced due to collision avoidance sensors |
8.2 Adoption rate of collision avoidance sensors in new vehicles in Latvia |
8.3 Rate of technological innovation and improvement in collision avoidance sensor capabilities |
9 Latvia Collision Avoidance Sensor Market - Opportunity Assessment |
9.1 Latvia Collision Avoidance Sensor Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Latvia Collision Avoidance Sensor Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Collision Avoidance Sensor Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Latvia Collision Avoidance Sensor Market - Competitive Landscape |
10.1 Latvia Collision Avoidance Sensor Market Revenue Share, By Companies, 2024 |
10.2 Latvia Collision Avoidance Sensor 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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