Latvia Commercial Vehicle & Off-Highway Radar Market (2025-2031) | Industry, Outlook, Share, Growth, Value, Revenue, Forecast, Trends, Segmentation, Size, Companies & Analysis

Market Forecast By Frequency (24-GHz & 77-81 GHz), By Component (LRR, S&MRR, Mono Camera, Stereo Camera), By vehicle (CV & Off-highway) And Competitive Landscape
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

Latvia Commercial Vehicle & Off-highway Radar Market Top 5 Importing Countries and Market Competition (HHI) Analysis

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.

Latvia Commercial Vehicle & Off-highway Radar Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Latvia Commercial Vehicle & Off-Highway Radar Market Outlook
  • Market Size of Latvia Commercial Vehicle & Off-Highway Radar Market, 2024
  • Forecast of Latvia Commercial Vehicle & Off-Highway Radar Market, 2031
  • Historical Data and Forecast of Latvia Commercial Vehicle & Off-Highway Radar Revenues & Volume for the Period 2021-2031
  • Latvia Commercial Vehicle & Off-Highway Radar Market Trend Evolution
  • Latvia Commercial Vehicle & Off-Highway Radar Market Drivers and Challenges
  • Latvia Commercial Vehicle & Off-Highway Radar Price Trends
  • Latvia Commercial Vehicle & Off-Highway Radar Porter`s Five Forces
  • Latvia Commercial Vehicle & Off-Highway Radar Industry Life Cycle
  • Historical Data and Forecast of Latvia Commercial Vehicle & Off-Highway Radar Market Revenues & Volume By Frequency for the Period 2021-2031
  • Historical Data and Forecast of Latvia Commercial Vehicle & Off-Highway Radar Market Revenues & Volume By 24-GHz & 77-81 GHz for the Period 2021-2031
  • Historical Data and Forecast of Latvia Commercial Vehicle & Off-Highway Radar Market Revenues & Volume By Component for the Period 2021-2031
  • Historical Data and Forecast of Latvia Commercial Vehicle & Off-Highway Radar Market Revenues & Volume By LRR for the Period 2021-2031
  • Historical Data and Forecast of Latvia Commercial Vehicle & Off-Highway Radar Market Revenues & Volume By S&MRR for the Period 2021-2031
  • Historical Data and Forecast of Latvia Commercial Vehicle & Off-Highway Radar Market Revenues & Volume By Mono Camera for the Period 2021-2031
  • Historical Data and Forecast of Latvia Commercial Vehicle & Off-Highway Radar Market Revenues & Volume By Stereo Camera for the Period 2021-2031
  • Historical Data and Forecast of Latvia Commercial Vehicle & Off-Highway Radar Market Revenues & Volume By vehicle for the Period 2021-2031
  • Historical Data and Forecast of Latvia Commercial Vehicle & Off-Highway Radar Market Revenues & Volume By CV & Off-highway for the Period 2021-2031
  • Latvia Commercial Vehicle & Off-Highway Radar Import Export Trade Statistics
  • Market Opportunity Assessment By Frequency
  • Market Opportunity Assessment By Component
  • Market Opportunity Assessment By vehicle
  • Latvia Commercial Vehicle & Off-Highway Radar Top Companies Market Share
  • Latvia Commercial Vehicle & Off-Highway Radar Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Commercial Vehicle & Off-Highway Radar Company Profiles
  • Latvia Commercial Vehicle & Off-Highway Radar Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Latvia Commercial Vehicle & Off-Highway Radar Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Commercial Vehicle & Off-Highway Radar Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 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

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