| Product Code: ETC7908792 | 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 |
Despite a decline in growth rate from 2023 to 2024, Latvia continues to import crop monitoring technology for precision farming from diverse sources including Germany, Poland, China, Lithuania, and Finland. The low concentration of the Herfindahl-Hirschman Index (HHI) indicates a competitive market landscape. The negative compound annual growth rate (CAGR) from 2020 to 2024 suggests challenges, but opportunities for market expansion and innovation remain prevalent in the sector. Monitoring these trends can provide valuable insights for stakeholders in the agricultural technology industry.

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 Crop Monitoring Technology in Precision Farming Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Crop Monitoring Technology in Precision Farming Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Crop Monitoring Technology in Precision Farming Market - Industry Life Cycle |
3.4 Latvia Crop Monitoring Technology in Precision Farming Market - Porter's Five Forces |
3.5 Latvia Crop Monitoring Technology in Precision Farming Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Latvia Crop Monitoring Technology in Precision Farming Market Revenues & Volume Share, By Solution, 2021 & 2031F |
3.7 Latvia Crop Monitoring Technology in Precision Farming Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Crop Monitoring Technology in Precision Farming Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government support and subsidies for precision farming technologies in Latvia |
4.2.2 Increasing adoption of IoT and AI technologies in agriculture sector |
4.2.3 Growing awareness about the benefits of crop monitoring technology in precision farming |
4.3 Market Restraints |
4.3.1 High initial investment required for implementing crop monitoring technology |
4.3.2 Limited technical expertise and knowledge among farmers |
4.3.3 Lack of standardized regulations and policies for precision farming technology in Latvia |
5 Latvia Crop Monitoring Technology in Precision Farming Market Trends |
6 Latvia Crop Monitoring Technology in Precision Farming Market, By Types |
6.1 Latvia Crop Monitoring Technology in Precision Farming Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Latvia Crop Monitoring Technology in Precision Farming Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 Latvia Crop Monitoring Technology in Precision Farming Market Revenues & Volume, By Guidance System, 2021- 2031F |
6.1.4 Latvia Crop Monitoring Technology in Precision Farming Market Revenues & Volume, By Remote Sensing, 2021- 2031F |
6.1.5 Latvia Crop Monitoring Technology in Precision Farming Market Revenues & Volume, By VRT, 2021- 2031F |
6.2 Latvia Crop Monitoring Technology in Precision Farming Market, By Solution |
6.2.1 Overview and Analysis |
6.2.2 Latvia Crop Monitoring Technology in Precision Farming Market Revenues & Volume, By Hardware, 2021- 2031F |
6.2.3 Latvia Crop Monitoring Technology in Precision Farming Market Revenues & Volume, By Software, 2021- 2031F |
6.2.4 Latvia Crop Monitoring Technology in Precision Farming Market Revenues & Volume, By Service, 2021- 2031F |
6.3 Latvia Crop Monitoring Technology in Precision Farming Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Crop Monitoring Technology in Precision Farming Market Revenues & Volume, By Yield Monitoring, 2021- 2031F |
6.3.3 Latvia Crop Monitoring Technology in Precision Farming Market Revenues & Volume, By Field Mapping, 2021- 2031F |
6.3.4 Latvia Crop Monitoring Technology in Precision Farming Market Revenues & Volume, By Crop Scouting, 2021- 2031F |
7 Latvia Crop Monitoring Technology in Precision Farming Market Import-Export Trade Statistics |
7.1 Latvia Crop Monitoring Technology in Precision Farming Market Export to Major Countries |
7.2 Latvia Crop Monitoring Technology in Precision Farming Market Imports from Major Countries |
8 Latvia Crop Monitoring Technology in Precision Farming Market Key Performance Indicators |
8.1 Adoption rate of crop monitoring technology among Latvian farmers |
8.2 Average increase in crop yield and quality after implementing precision farming technologies |
8.3 Percentage of farms using data analytics for decision-making in crop management |
8.4 Integration of precision farming technologies with existing agricultural practices |
8.5 Number of partnerships and collaborations between technology providers and agricultural organizations in Latvia |
9 Latvia Crop Monitoring Technology in Precision Farming Market - Opportunity Assessment |
9.1 Latvia Crop Monitoring Technology in Precision Farming Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Latvia Crop Monitoring Technology in Precision Farming Market Opportunity Assessment, By Solution, 2021 & 2031F |
9.3 Latvia Crop Monitoring Technology in Precision Farming Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Crop Monitoring Technology in Precision Farming Market - Competitive Landscape |
10.1 Latvia Crop Monitoring Technology in Precision Farming Market Revenue Share, By Companies, 2024 |
10.2 Latvia Crop Monitoring Technology in Precision Farming Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |