| Product Code: ETC7909856 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw robust imports of dynamically tuned gyroscopes, with top countries like the USA, Turkey, and Sweden leading the way. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a significant decline with a CAGR of -25.79% from 2020 to 2024. The negative growth rate of -65.32% from 2023 to 2024 reflects a challenging period for this sector in Latvia. It will be interesting to monitor how these trends evolve and if any market shifts occur in the coming years.

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 Dynamically Tuned Gyroscopes Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Dynamically Tuned Gyroscopes Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Dynamically Tuned Gyroscopes Market - Industry Life Cycle |
3.4 Latvia Dynamically Tuned Gyroscopes Market - Porter's Five Forces |
3.5 Latvia Dynamically Tuned Gyroscopes Market Revenues & Volume Share, By Dimensions, 2021 & 2031F |
3.6 Latvia Dynamically Tuned Gyroscopes Market Revenues & Volume Share, By Output type, 2021 & 2031F |
3.7 Latvia Dynamically Tuned Gyroscopes Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Latvia Dynamically Tuned Gyroscopes Market Revenues & Volume Share, By End-user Vertical, 2021 & 2031F |
4 Latvia Dynamically Tuned Gyroscopes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for precision navigation systems in aerospace and defense sectors |
4.2.2 Growing adoption of autonomous vehicles and drones requiring precise navigation capabilities |
4.2.3 Technological advancements leading to improved performance and accuracy of dynamically tuned gyroscopes |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with dynamically tuned gyroscopes |
4.3.2 Limited awareness and understanding of the benefits of dynamically tuned gyroscopes among potential end-users |
4.3.3 Regulatory challenges related to the integration of advanced navigation technologies in certain industries |
5 Latvia Dynamically Tuned Gyroscopes Market Trends |
6 Latvia Dynamically Tuned Gyroscopes Market, By Types |
6.1 Latvia Dynamically Tuned Gyroscopes Market, By Dimensions |
6.1.1 Overview and Analysis |
6.1.2 Latvia Dynamically Tuned Gyroscopes Market Revenues & Volume, By Dimensions, 2021- 2031F |
6.1.3 Latvia Dynamically Tuned Gyroscopes Market Revenues & Volume, By 1 Axis, 2021- 2031F |
6.1.4 Latvia Dynamically Tuned Gyroscopes Market Revenues & Volume, By 2 Axis, 2021- 2031F |
6.1.5 Latvia Dynamically Tuned Gyroscopes Market Revenues & Volume, By 3 Axis, 2021- 2031F |
6.2 Latvia Dynamically Tuned Gyroscopes Market, By Output type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Dynamically Tuned Gyroscopes Market Revenues & Volume, By Analog, 2021- 2031F |
6.2.3 Latvia Dynamically Tuned Gyroscopes Market Revenues & Volume, By Digital, 2021- 2031F |
6.3 Latvia Dynamically Tuned Gyroscopes Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Dynamically Tuned Gyroscopes Market Revenues & Volume, By Internal Navigation Sensors, 2021- 2031F |
6.3.3 Latvia Dynamically Tuned Gyroscopes Market Revenues & Volume, By Air Conditioning Compressor Sensor, 2021- 2031F |
6.3.4 Latvia Dynamically Tuned Gyroscopes Market Revenues & Volume, By Brake Force Sensors and Suspension Control Accelerometers, 2021- 2031F |
6.3.5 Latvia Dynamically Tuned Gyroscopes Market Revenues & Volume, By Fuel Level and Vapor Pressure Sensors, 2021- 2031F |
6.3.6 Latvia Dynamically Tuned Gyroscopes Market Revenues & Volume, By Airbag Sensors, 2021- 2031F |
6.3.7 Latvia Dynamically Tuned Gyroscopes Market Revenues & Volume, By Intelligent Tires, 2021- 2031F |
6.4 Latvia Dynamically Tuned Gyroscopes Market, By End-user Vertical |
6.4.1 Overview and Analysis |
6.4.2 Latvia Dynamically Tuned Gyroscopes Market Revenues & Volume, By Consumer Electronics, 2021- 2031F |
6.4.3 Latvia Dynamically Tuned Gyroscopes Market Revenues & Volume, By Automotive, 2021- 2031F |
6.4.4 Latvia Dynamically Tuned Gyroscopes Market Revenues & Volume, By Aerospace and Defence, 2021- 2031F |
6.4.5 Latvia Dynamically Tuned Gyroscopes Market Revenues & Volume, By Industrial, 2021- 2031F |
6.4.6 Latvia Dynamically Tuned Gyroscopes Market Revenues & Volume, By Marine, 2021- 2031F |
6.4.7 Latvia Dynamically Tuned Gyroscopes Market Revenues & Volume, By Other End-User Verticals, 2021- 2031F |
7 Latvia Dynamically Tuned Gyroscopes Market Import-Export Trade Statistics |
7.1 Latvia Dynamically Tuned Gyroscopes Market Export to Major Countries |
7.2 Latvia Dynamically Tuned Gyroscopes Market Imports from Major Countries |
8 Latvia Dynamically Tuned Gyroscopes Market Key Performance Indicators |
8.1 Rate of adoption of dynamically tuned gyroscopes in new applications |
8.2 Number of partnerships and collaborations between dynamically tuned gyroscope manufacturers and key industry players |
8.3 Research and development investment in improving the accuracy and efficiency of dynamically tuned gyroscopes |
9 Latvia Dynamically Tuned Gyroscopes Market - Opportunity Assessment |
9.1 Latvia Dynamically Tuned Gyroscopes Market Opportunity Assessment, By Dimensions, 2021 & 2031F |
9.2 Latvia Dynamically Tuned Gyroscopes Market Opportunity Assessment, By Output type, 2021 & 2031F |
9.3 Latvia Dynamically Tuned Gyroscopes Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Latvia Dynamically Tuned Gyroscopes Market Opportunity Assessment, By End-user Vertical, 2021 & 2031F |
10 Latvia Dynamically Tuned Gyroscopes Market - Competitive Landscape |
10.1 Latvia Dynamically Tuned Gyroscopes Market Revenue Share, By Companies, 2024 |
10.2 Latvia Dynamically Tuned Gyroscopes Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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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