| Product Code: ETC5885817 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Latvia commercial vehicle and off-highway radar import market saw a shift in concentration levels from very high in 2023 to moderate in 2024, indicating increased market diversification. The top exporting countries to Latvia in 2024 were Lithuania, Poland, Canada, Hungary, and Netherlands. Despite a negative growth rate of -52.03% in 2024, the compound annual growth rate (CAGR) from 2020-24 stood at 2.47%, suggesting a steady overall expansion in the market over the past few years. This data highlights the evolving dynamics and potential opportunities within the commercial vehicle and off-highway radar import sector in Latvia.

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 Commercial Vehicle & Off-Highway Radar Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Commercial Vehicle & Off-Highway Radar Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Commercial Vehicle & Off-Highway Radar Market - Industry Life Cycle |
3.4 Latvia Commercial Vehicle & Off-Highway Radar Market - Porter's Five Forces |
3.5 Latvia Commercial Vehicle & Off-Highway Radar Market Revenues & Volume Share, By Frequency, 2021 & 2031F |
3.6 Latvia Commercial Vehicle & Off-Highway Radar Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 Latvia Commercial Vehicle & Off-Highway Radar Market Revenues & Volume Share, By vehicle, 2021 & 2031F |
4 Latvia Commercial Vehicle & Off-Highway Radar Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for advanced safety features in commercial vehicles and off-highway vehicles |
4.2.2 Growing focus on improving vehicle efficiency and reducing accidents in the transportation sector |
4.2.3 Technological advancements in radar systems for better performance and accuracy |
4.3 Market Restraints |
4.3.1 High initial installation costs of radar systems in commercial vehicles and off-highway vehicles |
4.3.2 Limited awareness and understanding of the benefits of radar technology among end-users |
4.3.3 Regulatory challenges and standards impacting the adoption of radar systems in vehicles |
5 Latvia Commercial Vehicle & Off-Highway Radar Market Trends |
6 Latvia Commercial Vehicle & Off-Highway Radar Market Segmentations |
6.1 Latvia Commercial Vehicle & Off-Highway Radar Market, By Frequency |
6.1.1 Overview and Analysis |
6.1.2 Latvia Commercial Vehicle & Off-Highway Radar Market Revenues & Volume, By 24-GHz & 77-81 GHz, 2021-2031F |
6.2 Latvia Commercial Vehicle & Off-Highway Radar Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 Latvia Commercial Vehicle & Off-Highway Radar Market Revenues & Volume, By LRR, 2021-2031F |
6.2.3 Latvia Commercial Vehicle & Off-Highway Radar Market Revenues & Volume, By S&MRR, 2021-2031F |
6.2.4 Latvia Commercial Vehicle & Off-Highway Radar Market Revenues & Volume, By Mono Camera, 2021-2031F |
6.2.5 Latvia Commercial Vehicle & Off-Highway Radar Market Revenues & Volume, By Stereo Camera, 2021-2031F |
6.3 Latvia Commercial Vehicle & Off-Highway Radar Market, By vehicle |
6.3.1 Overview and Analysis |
6.3.2 Latvia Commercial Vehicle & Off-Highway Radar Market Revenues & Volume, By CV & Off-highway, 2021-2031F |
7 Latvia Commercial Vehicle & Off-Highway Radar Market Import-Export Trade Statistics |
7.1 Latvia Commercial Vehicle & Off-Highway Radar Market Export to Major Countries |
7.2 Latvia Commercial Vehicle & Off-Highway Radar Market Imports from Major Countries |
8 Latvia Commercial Vehicle & Off-Highway Radar Market Key Performance Indicators |
8.1 Average installation time of radar systems in commercial vehicles and off-highway vehicles |
8.2 Percentage increase in the adoption rate of radar systems over time |
8.3 Average reduction in accidents or incidents reported after radar system installation |
9 Latvia Commercial Vehicle & Off-Highway Radar Market - Opportunity Assessment |
9.1 Latvia Commercial Vehicle & Off-Highway Radar Market Opportunity Assessment, By Frequency, 2021 & 2031F |
9.2 Latvia Commercial Vehicle & Off-Highway Radar Market Opportunity Assessment, By Component, 2021 & 2031F |
9.3 Latvia Commercial Vehicle & Off-Highway Radar Market Opportunity Assessment, By vehicle, 2021 & 2031F |
10 Latvia Commercial Vehicle & Off-Highway Radar Market - Competitive Landscape |
10.1 Latvia Commercial Vehicle & Off-Highway Radar Market Revenue Share, By Companies, 2024 |
10.2 Latvia Commercial Vehicle & Off-Highway Radar Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |