| Product Code: ETC12168565 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
Latvia`s flexible sensor import market in 2024 saw a decline in growth, with a negative CAGR of -2.85% from 2020 to 2024. The top exporting countries to Latvia were Germany, Poland, China, Lithuania, and Finland. Despite the decrease in growth rate of -11.95% from 2023 to 2024, the market remained competitive with low concentration levels based on the Herfindahl-Hirschman Index (HHI) in 2024. This indicates a diverse and resilient market landscape for flexible sensor imports in Latvia.

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 Flexible Sensor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Flexible Sensor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Flexible Sensor Market - Industry Life Cycle |
3.4 Latvia Flexible Sensor Market - Porter's Five Forces |
3.5 Latvia Flexible Sensor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Flexible Sensor Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Flexible Sensor Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Latvia Flexible Sensor Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.9 Latvia Flexible Sensor Market Revenues & Volume Share, By Sensitivity, 2021 & 2031F |
4 Latvia Flexible Sensor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for wearable technology and IoT devices |
4.2.2 Growing adoption of flexible sensors in automotive and healthcare industries |
4.2.3 Technological advancements leading to improved performance and cost-effectiveness |
4.3 Market Restraints |
4.3.1 Lack of standardization and regulatory challenges |
4.3.2 Limited awareness and understanding of flexible sensor technology |
4.3.3 High initial investment and production costs |
5 Latvia Flexible Sensor Market Trends |
6 Latvia Flexible Sensor Market, By Types |
6.1 Latvia Flexible Sensor Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Flexible Sensor Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Flexible Sensor Market Revenues & Volume, By Pressure Sensors, 2021 - 2031F |
6.1.4 Latvia Flexible Sensor Market Revenues & Volume, By Temperature Sensors, 2021 - 2031F |
6.1.5 Latvia Flexible Sensor Market Revenues & Volume, By Motion Sensors, 2021 - 2031F |
6.1.6 Latvia Flexible Sensor Market Revenues & Volume, By Chemical Sensors, 2021 - 2031F |
6.2 Latvia Flexible Sensor Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Flexible Sensor Market Revenues & Volume, By Wearable Electronics, 2021 - 2031F |
6.2.3 Latvia Flexible Sensor Market Revenues & Volume, By Automotive Systems, 2021 - 2031F |
6.2.4 Latvia Flexible Sensor Market Revenues & Volume, By Robotics, 2021 - 2031F |
6.2.5 Latvia Flexible Sensor Market Revenues & Volume, By Environmental Monitoring, 2021 - 2031F |
6.3 Latvia Flexible Sensor Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Flexible Sensor Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.3.3 Latvia Flexible Sensor Market Revenues & Volume, By Automotive Industry, 2021 - 2031F |
6.3.4 Latvia Flexible Sensor Market Revenues & Volume, By Industrial Applications, 2021 - 2031F |
6.3.5 Latvia Flexible Sensor Market Revenues & Volume, By Smart Homes, 2021 - 2031F |
6.4 Latvia Flexible Sensor Market, By Technology |
6.4.1 Overview and Analysis |
6.4.2 Latvia Flexible Sensor Market Revenues & Volume, By MEMS, 2021 - 2031F |
6.4.3 Latvia Flexible Sensor Market Revenues & Volume, By Thin Film, 2021 - 2031F |
6.4.4 Latvia Flexible Sensor Market Revenues & Volume, By Optical, 2021 - 2031F |
6.4.5 Latvia Flexible Sensor Market Revenues & Volume, By Flexible Substrates, 2021 - 2031F |
6.5 Latvia Flexible Sensor Market, By Sensitivity |
6.5.1 Overview and Analysis |
6.5.2 Latvia Flexible Sensor Market Revenues & Volume, By High Sensitivity, 2021 - 2031F |
6.5.3 Latvia Flexible Sensor Market Revenues & Volume, By Medium Sensitivity, 2021 - 2031F |
6.5.4 Latvia Flexible Sensor Market Revenues & Volume, By Low Sensitivity, 2021 - 2031F |
6.5.5 Latvia Flexible Sensor Market Revenues & Volume, By Ultra-Low Sensitivity, 2021 - 2031F |
7 Latvia Flexible Sensor Market Import-Export Trade Statistics |
7.1 Latvia Flexible Sensor Market Export to Major Countries |
7.2 Latvia Flexible Sensor Market Imports from Major Countries |
8 Latvia Flexible Sensor Market Key Performance Indicators |
8.1 Average selling price (ASP) of flexible sensors |
8.2 Number of patents filed for flexible sensor technology |
8.3 Percentage of RD budget allocated to flexible sensor innovation |
8.4 Adoption rate of flexible sensors in key industries |
8.5 Number of partnerships and collaborations for product development and market expansion |
9 Latvia Flexible Sensor Market - Opportunity Assessment |
9.1 Latvia Flexible Sensor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Flexible Sensor Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Flexible Sensor Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Latvia Flexible Sensor Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.5 Latvia Flexible Sensor Market Opportunity Assessment, By Sensitivity, 2021 & 2031F |
10 Latvia Flexible Sensor Market - Competitive Landscape |
10.1 Latvia Flexible Sensor Market Revenue Share, By Companies, 2024 |
10.2 Latvia Flexible Sensor 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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