| Product Code: ETC7911788 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia`s GPS IC import shipments were primarily sourced from Taiwan, Netherlands, Hong Kong, and Germany. The market displayed a shift towards lower concentration levels, indicating increased competition among suppliers. The negative compound annual growth rate (CAGR) from 2020 to 2024 reflects a declining trend in the market, with a significant decrease in growth rate observed from 2023 to 2024. This suggests a challenging environment for GPS IC importers in Latvia, emphasizing the need for strategic adaptation to navigate the changing landscape.

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 GPS IC Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia GPS IC Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia GPS IC Market - Industry Life Cycle |
3.4 Latvia GPS IC Market - Porter's Five Forces |
3.5 Latvia GPS IC Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia GPS IC Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia GPS IC Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for GPS-enabled devices and applications in various industries |
4.2.2 Technological advancements in GPS ICs leading to improved performance and features |
4.2.3 Growing focus on efficient fleet management and logistics solutions |
4.3 Market Restraints |
4.3.1 High initial investment required for integrating GPS ICs into existing systems |
4.3.2 Concerns regarding data privacy and security in GPS-enabled devices |
4.3.3 Regulatory challenges related to the use of GPS technology in certain industries |
5 Latvia GPS IC Market Trends |
6 Latvia GPS IC Market, By Types |
6.1 Latvia GPS IC Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia GPS IC Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia GPS IC Market Revenues & Volume, By SIRF, 2021- 2031F |
6.1.4 Latvia GPS IC Market Revenues & Volume, By MTK, 2021- 2031F |
6.1.5 Latvia GPS IC Market Revenues & Volume, By MSTAR, 2021- 2031F |
6.1.6 Latvia GPS IC Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia GPS IC Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia GPS IC Market Revenues & Volume, By Voice-Guided Navigation, 2021- 2031F |
6.2.3 Latvia GPS IC Market Revenues & Volume, By Tracking and Tracing, 2021- 2031F |
6.2.4 Latvia GPS IC Market Revenues & Volume, By Location-Enabled Search, 2021- 2031F |
6.2.5 Latvia GPS IC Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia GPS IC Market Import-Export Trade Statistics |
7.1 Latvia GPS IC Market Export to Major Countries |
7.2 Latvia GPS IC Market Imports from Major Countries |
8 Latvia GPS IC Market Key Performance Indicators |
8.1 Adoption rate of GPS-enabled devices in key industries in Latvia |
8.2 Rate of technological innovation and development in GPS ICs |
8.3 Number of partnerships and collaborations between GPS IC manufacturers and key industry players |
9 Latvia GPS IC Market - Opportunity Assessment |
9.1 Latvia GPS IC Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia GPS IC Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia GPS IC Market - Competitive Landscape |
10.1 Latvia GPS IC Market Revenue Share, By Companies, 2024 |
10.2 Latvia GPS IC Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |