| Product Code: ETC5119756 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia saw a significant increase in the importation of EMV smart cards, with top exporting countries including Metropolitan France, Ukraine, China, South Korea, and Italy. The market concentration, as measured by the HHI, shifted from moderate to high in just one year, indicative of a more competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 was steady at 4.42%, while the growth rate from 2023 to 2024 surged to an impressive 24.95%. This data suggests a thriving market for EMV smart cards in Latvia, with strong potential for further expansion.

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 EMV Smart Cards Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia EMV Smart Cards Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia EMV Smart Cards Market - Industry Life Cycle |
3.4 Latvia EMV Smart Cards Market - Porter's Five Forces |
3.5 Latvia EMV Smart Cards Market Revenues & Volume Share, By Contact Form, 2021 & 2031F |
3.6 Latvia EMV Smart Cards Market Revenues & Volume Share, By Fuel Card, 2021 & 2031F |
3.7 Latvia EMV Smart Cards Market Revenues & Volume Share, By BFSI, 2021 & 2031F |
3.8 Latvia EMV Smart Cards Market Revenues & Volume Share, By Wholesaler, 2021 & 2031F |
4 Latvia EMV Smart Cards Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of contactless payment methods in Latvia |
4.2.2 Government initiatives promoting digital payments and e-governance |
4.2.3 Growing awareness about the importance of data security and fraud prevention in financial transactions |
4.3 Market Restraints |
4.3.1 High initial cost of implementing EMV smart card technology |
4.3.2 Limited merchant acceptance infrastructure for EMV smart cards in Latvia |
4.3.3 Concerns regarding data privacy and security risks associated with smart card transactions |
5 Latvia EMV Smart Cards Market Trends |
6 Latvia EMV Smart Cards Market Segmentations |
6.1 Latvia EMV Smart Cards Market, By Contact Form |
6.1.1 Overview and Analysis |
6.1.2 Latvia EMV Smart Cards Market Revenues & Volume, By Contactless Form, 2021-2031F |
6.2 Latvia EMV Smart Cards Market, By Fuel Card |
6.2.1 Overview and Analysis |
6.2.2 Latvia EMV Smart Cards Market Revenues & Volume, By Retail Store Card, 2021-2031F |
6.2.3 Latvia EMV Smart Cards Market Revenues & Volume, By Meal Voucher Card, 2021-2031F |
6.2.4 Latvia EMV Smart Cards Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia EMV Smart Cards Market, By BFSI |
6.3.1 Overview and Analysis |
6.3.2 Latvia EMV Smart Cards Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.3 Latvia EMV Smart Cards Market Revenues & Volume, By Retail, 2021-2031F |
6.3.4 Latvia EMV Smart Cards Market Revenues & Volume, By IT & Telecommunication, 2021-2031F |
6.3.5 Latvia EMV Smart Cards Market Revenues & Volume, By Travel & Hospitality, 2021-2031F |
6.3.6 Latvia EMV Smart Cards Market Revenues & Volume, By Transportation & Logistics, 2021-2031F |
6.3.7 Latvia EMV Smart Cards Market Revenues & Volume, By Media & Entertainment, 2021-2031F |
6.3.8 Latvia EMV Smart Cards Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Latvia EMV Smart Cards Market Revenues & Volume, By Others, 2021-2031F |
6.4 Latvia EMV Smart Cards Market, By Wholesaler |
6.4.1 Overview and Analysis |
6.4.2 Latvia EMV Smart Cards Market Revenues & Volume, By Retail Brokers, 2021-2031F |
6.4.3 Latvia EMV Smart Cards Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia EMV Smart Cards Market Import-Export Trade Statistics |
7.1 Latvia EMV Smart Cards Market Export to Major Countries |
7.2 Latvia EMV Smart Cards Market Imports from Major Countries |
8 Latvia EMV Smart Cards Market Key Performance Indicators |
8.1 Number of contactless payment terminals in Latvia |
8.2 Percentage increase in government transactions using EMV smart cards |
8.3 Level of consumer trust in the security of EMV smart card technology |
9 Latvia EMV Smart Cards Market - Opportunity Assessment |
9.1 Latvia EMV Smart Cards Market Opportunity Assessment, By Contact Form, 2021 & 2031F |
9.2 Latvia EMV Smart Cards Market Opportunity Assessment, By Fuel Card, 2021 & 2031F |
9.3 Latvia EMV Smart Cards Market Opportunity Assessment, By BFSI, 2021 & 2031F |
9.4 Latvia EMV Smart Cards Market Opportunity Assessment, By Wholesaler, 2021 & 2031F |
10 Latvia EMV Smart Cards Market - Competitive Landscape |
10.1 Latvia EMV Smart Cards Market Revenue Share, By Companies, 2024 |
10.2 Latvia EMV Smart Cards Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |