Latvia Connected Car Device Market (2025-2031) | Size, Forecast, Share, Growth, Revenue, Industry, Outlook, Segmentation, Analysis, Companies, Value & Trends

Name: Latvia Connected Car Device Market (2025-2031) | Industry & Trends
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Connected Car Device Market, Latvia Connected Car Device Market, Latvia Connected Car Device Market Revenues, Latvia Connected Car Device Market Share, Latvia Connected Car Device Market Size, Latvia Connected Car Device Market Outlook, Latvia Connected Car Device Market Report, Latvia Connected Car Device Market Competition, Latvia Connected Car Device Market Overview, Latvia Connected Car Device Market Trends, Latvia Connected Car Device Market Forecast

Market Forecast By Technology (Driver Assistance Systems, Telematics, Others), By Connectivity (Dedicated Short Range Communication (DSRC), Long Range/ Cellular Network), By Product Type (Das, Telematics), By Communication (Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian(V2P), Others (V2C, V2D, V2G)) And Competitive Landscape

Product Code: ETC5883955	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 Connected Car Device Market Top 5 Importing Countries and Market Competition (HHI) Analysis

The connected car device import shipments to Latvia in 2024 saw a shift in concentration levels, moving from very high concentration in 2023 to a more moderate concentration in 2024. The top exporting countries to Latvia included Lithuania, Poland, Canada, Hungary, and the Netherlands. Despite a negative growth rate in 2024 compared to the previous year, the compound annual growth rate (CAGR) from 2020 to 2024 remained positive at 2.47%. This indicates a stable long-term growth trend in the market for connected car devices in Latvia, with a diversification of import sources contributing to a more balanced market landscape.

Latvia Connected Car Device Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Latvia Connected Car Device Market Outlook
Market Size of Latvia Connected Car Device Market, 2024
Forecast of Latvia Connected Car Device Market, 2031
Historical Data and Forecast of Latvia Connected Car Device Revenues & Volume for the Period 2021-2031
Latvia Connected Car Device Market Trend Evolution
Latvia Connected Car Device Market Drivers and Challenges
Latvia Connected Car Device Price Trends
Latvia Connected Car Device Porter`s Five Forces
Latvia Connected Car Device Industry Life Cycle
Historical Data and Forecast of Latvia Connected Car Device Market Revenues & Volume By Technology for the Period 2021-2031
Historical Data and Forecast of Latvia Connected Car Device Market Revenues & Volume By Driver Assistance Systems for the Period 2021-2031
Historical Data and Forecast of Latvia Connected Car Device Market Revenues & Volume By Telematics for the Period 2021-2031
Historical Data and Forecast of Latvia Connected Car Device Market Revenues & Volume By Others for the Period 2021-2031
Historical Data and Forecast of Latvia Connected Car Device Market Revenues & Volume By Connectivity for the Period 2021-2031
Historical Data and Forecast of Latvia Connected Car Device Market Revenues & Volume By Dedicated Short Range Communication (DSRC) for the Period 2021-2031
Historical Data and Forecast of Latvia Connected Car Device Market Revenues & Volume By Long Range/ Cellular Network for the Period 2021-2031
Historical Data and Forecast of Latvia Connected Car Device Market Revenues & Volume By Product Type for the Period 2021-2031
Historical Data and Forecast of Latvia Connected Car Device Market Revenues & Volume By Das for the Period 2021-2031
Historical Data and Forecast of Latvia Connected Car Device Market Revenues & Volume By Telematics for the Period 2021-2031
Historical Data and Forecast of Latvia Connected Car Device Market Revenues & Volume By Communication for the Period 2021-2031
Historical Data and Forecast of Latvia Connected Car Device Market Revenues & Volume By Vehicle-to-Vehicle (V2V) for the Period 2021-2031
Historical Data and Forecast of Latvia Connected Car Device Market Revenues & Volume By Vehicle-to-Infrastructure (V2I) for the Period 2021-2031
Historical Data and Forecast of Latvia Connected Car Device Market Revenues & Volume By Vehicle-to-Pedestrian(V2P) for the Period 2021-2031
Historical Data and Forecast of Latvia Connected Car Device Market Revenues & Volume By Others (V2C, V2D, V2G) for the Period 2021-2031
Latvia Connected Car Device Import Export Trade Statistics
Market Opportunity Assessment By Technology
Market Opportunity Assessment By Connectivity
Market Opportunity Assessment By Product Type
Market Opportunity Assessment By Communication
Latvia Connected Car Device Top Companies Market Share
Latvia Connected Car Device Competitive Benchmarking By Technical and Operational Parameters
Latvia Connected Car Device Company Profiles
Latvia Connected Car Device Key Strategic Recommendations

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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 Connected Car Device Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Connected Car Device Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Connected Car Device Market - Industry Life Cycle

3.4 Latvia Connected Car Device Market - Porter's Five Forces

3.5 Latvia Connected Car Device Market Revenues & Volume Share, By Technology, 2021 & 2031F

3.6 Latvia Connected Car Device Market Revenues & Volume Share, By Connectivity, 2021 & 2031F

3.7 Latvia Connected Car Device Market Revenues & Volume Share, By Product Type, 2021 & 2031F

3.8 Latvia Connected Car Device Market Revenues & Volume Share, By Communication, 2021 & 2031F

4 Latvia Connected Car Device Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for advanced vehicle technologies

4.2.2 Growing focus on driver safety and vehicle connectivity

4.2.3 Rise in adoption of IoT solutions in automotive sector

4.3 Market Restraints

4.3.1 High initial costs associated with connected car devices

4.3.2 Concerns regarding data security and privacy

4.3.3 Limited infrastructure for seamless connectivity in certain regions

5 Latvia Connected Car Device Market Trends

6 Latvia Connected Car Device Market Segmentations

6.1 Latvia Connected Car Device Market, By Technology

6.1.1 Overview and Analysis

6.1.2 Latvia Connected Car Device Market Revenues & Volume, By Driver Assistance Systems, 2021-2031F

6.1.3 Latvia Connected Car Device Market Revenues & Volume, By Telematics, 2021-2031F

6.1.4 Latvia Connected Car Device Market Revenues & Volume, By Others, 2021-2031F

6.2 Latvia Connected Car Device Market, By Connectivity

6.2.1 Overview and Analysis

6.2.2 Latvia Connected Car Device Market Revenues & Volume, By Dedicated Short Range Communication (DSRC), 2021-2031F

6.2.3 Latvia Connected Car Device Market Revenues & Volume, By Long Range/ Cellular Network, 2021-2031F

6.3 Latvia Connected Car Device Market, By Product Type

6.3.1 Overview and Analysis

6.3.2 Latvia Connected Car Device Market Revenues & Volume, By Das, 2021-2031F

6.3.3 Latvia Connected Car Device Market Revenues & Volume, By Telematics, 2021-2031F

6.4 Latvia Connected Car Device Market, By Communication

6.4.1 Overview and Analysis

6.4.2 Latvia Connected Car Device Market Revenues & Volume, By Vehicle-to-Vehicle (V2V), 2021-2031F

6.4.3 Latvia Connected Car Device Market Revenues & Volume, By Vehicle-to-Infrastructure (V2I), 2021-2031F

6.4.4 Latvia Connected Car Device Market Revenues & Volume, By Vehicle-to-Pedestrian(V2P), 2021-2031F

6.4.5 Latvia Connected Car Device Market Revenues & Volume, By Others (V2C, V2D, V2G), 2021-2031F

7 Latvia Connected Car Device Market Import-Export Trade Statistics

7.1 Latvia Connected Car Device Market Export to Major Countries

7.2 Latvia Connected Car Device Market Imports from Major Countries

8 Latvia Connected Car Device Market Key Performance Indicators

8.1 Average number of connected car devices per vehicle

8.2 Percentage of vehicles equipped with advanced telematics systems

8.3 Average data usage per connected car device

9 Latvia Connected Car Device Market - Opportunity Assessment

9.1 Latvia Connected Car Device Market Opportunity Assessment, By Technology, 2021 & 2031F

9.2 Latvia Connected Car Device Market Opportunity Assessment, By Connectivity, 2021 & 2031F

9.3 Latvia Connected Car Device Market Opportunity Assessment, By Product Type, 2021 & 2031F

9.4 Latvia Connected Car Device Market Opportunity Assessment, By Communication, 2021 & 2031F

10 Latvia Connected Car Device Market - Competitive Landscape

10.1 Latvia Connected Car Device Market Revenue Share, By Companies, 2024

10.2 Latvia Connected Car Device Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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