| Product Code: ETC5862941 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
The import shipments of drone batteries in Latvia saw a notable increase in 2024, with top exporting countries being Germany, China, Netherlands, Czechia, and Slovenia. The market concentration, as measured by the HHI, shifted from high to moderate in 2024, indicating a more diversified import market. The impressive Compound Annual Growth Rate (CAGR) of 44.37% over the period 2020-2024 highlights the growing demand for drone batteries in Latvia. Additionally, the growth rate of 18.2% from 2023 to 2024 suggests a continued upward trend in the importation of drone batteries in the country.
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 Drone Battery Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Drone Battery Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Drone Battery Market - Industry Life Cycle |
3.4 Latvia Drone Battery Market - Porter's Five Forces |
3.5 Latvia Drone Battery Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Latvia Drone Battery Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 Latvia Drone Battery Market Revenues & Volume Share, By Drone Type, 2021 & 2031F |
4 Latvia Drone Battery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of drones for various commercial applications in Latvia |
4.2.2 Technological advancements leading to the development of more efficient drone batteries |
4.2.3 Government initiatives supporting the use of drones in sectors like agriculture and surveillance |
4.3 Market Restraints |
4.3.1 Stringent regulations regarding drone operations and battery specifications |
4.3.2 High initial investment required for purchasing drones and related equipment in Latvia |
5 Latvia Drone Battery Market Trends |
6 Latvia Drone Battery Market Segmentations |
6.1 Latvia Drone Battery Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Latvia Drone Battery Market Revenues & Volume, By Lithium-based, 2021-2031F |
6.1.3 Latvia Drone Battery Market Revenues & Volume, By Nickel-based, 2021-2031F |
6.1.4 Latvia Drone Battery Market Revenues & Volume, By Fuel Cell, 2021-2031F |
6.2 Latvia Drone Battery Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 Latvia Drone Battery Market Revenues & Volume, By Cell, 2021-2031F |
6.2.3 Latvia Drone Battery Market Revenues & Volume, By BMS, 2021-2031F |
6.2.4 Latvia Drone Battery Market Revenues & Volume, By Enclosure, 2021-2031F |
6.2.5 Latvia Drone Battery Market Revenues & Volume, By Connector, 2021-2031F |
6.3 Latvia Drone Battery Market, By Drone Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Drone Battery Market Revenues & Volume, By Fixed-wing, 2021-2031F |
6.3.3 Latvia Drone Battery Market Revenues & Volume, By Fixed-wing VTOL, 2021-2031F |
6.3.4 Latvia Drone Battery Market Revenues & Volume, By Rotary-wing, 2021-2031F |
7 Latvia Drone Battery Market Import-Export Trade Statistics |
7.1 Latvia Drone Battery Market Export to Major Countries |
7.2 Latvia Drone Battery Market Imports from Major Countries |
8 Latvia Drone Battery Market Key Performance Indicators |
8.1 Average flight time of drones using the batteries |
8.2 Battery life cycle and durability |
8.3 Rate of adoption of drones in different industries in Latvia |
9 Latvia Drone Battery Market - Opportunity Assessment |
9.1 Latvia Drone Battery Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Latvia Drone Battery Market Opportunity Assessment, By Component, 2021 & 2031F |
9.3 Latvia Drone Battery Market Opportunity Assessment, By Drone Type, 2021 & 2031F |
10 Latvia Drone Battery Market - Competitive Landscape |
10.1 Latvia Drone Battery Market Revenue Share, By Companies, 2024 |
10.2 Latvia Drone Battery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |