Latvia Digital Compass Market (2025-2031) | Size & Revenue, Segmentation, Forecast, Industry, Share, Analysis, Competitive Landscape, Outlook, Trends, Value, Growth, Companies
Market Forecast By Technology (Fluxgate, Hall-Effect, Magneto resistive, Others), By Application (Consumer Electronics, Aerospace & Defence, Automotive, Marine, Surveying, Others), By Sensor Type (1 & 2-axis, 3-axis, 6-axis, 9-axis) And Competitive Landscape
| Product Code: ETC7909312 | 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 |
Latvia Digital Compass Market Top 5 Importing Countries and Market Competition (HHI) Analysis
Latvia`s digital compass import market saw a shift in concentration levels from very high in 2023 to moderate in 2024, indicating a more diversified import landscape. Top exporting countries like Netherlands, Japan, and Lithuania continue to play key roles in supplying digital compasses to Latvia. However, the market experienced a significant decline with a CAGR of -12.0% from 2020 to 2024 and a sharp growth rate decrease of -59.67% from 2023 to 2024. These trends suggest a challenging environment for digital compass imports in Latvia, highlighting the need for strategic adjustments and market analysis.
Key Highlights of the Report:
- Latvia Digital Compass Market Outlook
- Market Size of Latvia Digital Compass Market, 2024
- Forecast of Latvia Digital Compass Market, 2031
- Historical Data and Forecast of Latvia Digital Compass Revenues & Volume for the Period 2021- 2031
- Latvia Digital Compass Market Trend Evolution
- Latvia Digital Compass Market Drivers and Challenges
- Latvia Digital Compass Price Trends
- Latvia Digital Compass Porter's Five Forces
- Latvia Digital Compass Industry Life Cycle
- Historical Data and Forecast of Latvia Digital Compass Market Revenues & Volume By Technology for the Period 2021- 2031
- Historical Data and Forecast of Latvia Digital Compass Market Revenues & Volume By Fluxgate for the Period 2021- 2031
- Historical Data and Forecast of Latvia Digital Compass Market Revenues & Volume By Hall-Effect for the Period 2021- 2031
- Historical Data and Forecast of Latvia Digital Compass Market Revenues & Volume By Magneto resistive for the Period 2021- 2031
- Historical Data and Forecast of Latvia Digital Compass Market Revenues & Volume By Others for the Period 2021- 2031
- Historical Data and Forecast of Latvia Digital Compass Market Revenues & Volume By Application for the Period 2021- 2031
- Historical Data and Forecast of Latvia Digital Compass Market Revenues & Volume By Consumer Electronics for the Period 2021- 2031
- Historical Data and Forecast of Latvia Digital Compass Market Revenues & Volume By Aerospace & Defence for the Period 2021- 2031
- Historical Data and Forecast of Latvia Digital Compass Market Revenues & Volume By Automotive for the Period 2021- 2031
- Historical Data and Forecast of Latvia Digital Compass Market Revenues & Volume By Marine for the Period 2021- 2031
- Historical Data and Forecast of Latvia Digital Compass Market Revenues & Volume By Surveying for the Period 2021- 2031
- Historical Data and Forecast of Latvia Digital Compass Market Revenues & Volume By Others for the Period 2021- 2031
- Historical Data and Forecast of Latvia Digital Compass Market Revenues & Volume By Sensor Type for the Period 2021- 2031
- Historical Data and Forecast of Latvia Digital Compass Market Revenues & Volume By 1 & 2-axis for the Period 2021- 2031
- Historical Data and Forecast of Latvia Digital Compass Market Revenues & Volume By 3-axis for the Period 2021- 2031
- Historical Data and Forecast of Latvia Digital Compass Market Revenues & Volume By 6-axis for the Period 2021- 2031
- Historical Data and Forecast of Latvia Digital Compass Market Revenues & Volume By 9-axis for the Period 2021- 2031
- Latvia Digital Compass Import Export Trade Statistics
- Market Opportunity Assessment By Technology
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By Sensor Type
- Latvia Digital Compass Top Companies Market Share
- Latvia Digital Compass Competitive Benchmarking By Technical and Operational Parameters
- Latvia Digital Compass Company Profiles
- Latvia Digital Compass Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Digital Compass 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 Digital Compass Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Digital Compass Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Digital Compass Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Digital Compass Market - Industry Life Cycle |
3.4 Latvia Digital Compass Market - Porter's Five Forces |
3.5 Latvia Digital Compass Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Latvia Digital Compass Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Digital Compass Market Revenues & Volume Share, By Sensor Type, 2021 & 2031F |
4 Latvia Digital Compass Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of smartphones and smart devices that require digital compass functionality |
4.2.2 Growing demand for digital compass applications in navigation, geolocation, and augmented reality |
4.2.3 Technological advancements leading to improved accuracy and performance of digital compass devices |
4.3 Market Restraints |
4.3.1 Competition from alternative technologies such as GPS and inertial navigation systems |
4.3.2 Concerns regarding the reliability and calibration issues of digital compasses in certain environments |
5 Latvia Digital Compass Market Trends |
6 Latvia Digital Compass Market, By Types |
6.1 Latvia Digital Compass Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Latvia Digital Compass Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 Latvia Digital Compass Market Revenues & Volume, By Fluxgate, 2021- 2031F |
6.1.4 Latvia Digital Compass Market Revenues & Volume, By Hall-Effect, 2021- 2031F |
6.1.5 Latvia Digital Compass Market Revenues & Volume, By Magneto resistive, 2021- 2031F |
6.1.6 Latvia Digital Compass Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Digital Compass Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Digital Compass Market Revenues & Volume, By Consumer Electronics, 2021- 2031F |
6.2.3 Latvia Digital Compass Market Revenues & Volume, By Aerospace & Defence, 2021- 2031F |
6.2.4 Latvia Digital Compass Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.5 Latvia Digital Compass Market Revenues & Volume, By Marine, 2021- 2031F |
6.2.6 Latvia Digital Compass Market Revenues & Volume, By Surveying, 2021- 2031F |
6.2.7 Latvia Digital Compass Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Digital Compass Market, By Sensor Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Digital Compass Market Revenues & Volume, By 1 & 2-axis, 2021- 2031F |
6.3.3 Latvia Digital Compass Market Revenues & Volume, By 3-axis, 2021- 2031F |
6.3.4 Latvia Digital Compass Market Revenues & Volume, By 6-axis, 2021- 2031F |
6.3.5 Latvia Digital Compass Market Revenues & Volume, By 9-axis, 2021- 2031F |
7 Latvia Digital Compass Market Import-Export Trade Statistics |
7.1 Latvia Digital Compass Market Export to Major Countries |
7.2 Latvia Digital Compass Market Imports from Major Countries |
8 Latvia Digital Compass Market Key Performance Indicators |
8.1 Average daily active users of digital compass applications |
8.2 Percentage increase in the integration of digital compass technology in new smartphone models |
8.3 Number of partnerships and collaborations between digital compass manufacturers and technology companies for product development and innovation |
9 Latvia Digital Compass Market - Opportunity Assessment |
9.1 Latvia Digital Compass Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Latvia Digital Compass Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Digital Compass Market Opportunity Assessment, By Sensor Type, 2021 & 2031F |
10 Latvia Digital Compass Market - Competitive Landscape |
10.1 Latvia Digital Compass Market Revenue Share, By Companies, 2024 |
10.2 Latvia Digital Compass Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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