Latvia GPS IC Market (2025-2031) | Outlook, Value, Industry, Share, Competitive Landscape, Forecast, Analysis, Size & Revenue, Trends, Companies, Segmentation, Growth

Name: Latvia GPS IC Market (2025-2031) | Outlook & Value
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: GPS IC Market, Latvia GPS IC Market, Latvia GPS IC Market Revenues, Latvia GPS IC Market Share, Latvia GPS IC Market Size, Latvia GPS IC Market Outlook, Latvia GPS IC Market Report, Latvia GPS IC Market Competition, Latvia GPS IC Market Overview, Latvia GPS IC Market Trends, Latvia GPS IC Market Forecast

Market Forecast By Type (SIRF, MTK, MSTAR, Others), By Application (Voice-Guided Navigation, Tracking and Tracing, Location-Enabled Search, Others) And Competitive Landscape

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

Latvia Gps Ic Market Top 5 Importing Countries and Market Competition (HHI) Analysis

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.

Latvia Gps Ic Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Latvia GPS IC Market Outlook
Market Size of Latvia GPS IC Market, 2024
Forecast of Latvia GPS IC Market, 2031
Historical Data and Forecast of Latvia GPS IC Revenues & Volume for the Period 2021- 2031
Latvia GPS IC Market Trend Evolution
Latvia GPS IC Market Drivers and Challenges
Latvia GPS IC Price Trends
Latvia GPS IC Porter's Five Forces
Latvia GPS IC Industry Life Cycle
Historical Data and Forecast of Latvia GPS IC Market Revenues & Volume By Type for the Period 2021- 2031
Historical Data and Forecast of Latvia GPS IC Market Revenues & Volume By SIRF for the Period 2021- 2031
Historical Data and Forecast of Latvia GPS IC Market Revenues & Volume By MTK for the Period 2021- 2031
Historical Data and Forecast of Latvia GPS IC Market Revenues & Volume By MSTAR for the Period 2021- 2031
Historical Data and Forecast of Latvia GPS IC Market Revenues & Volume By Others for the Period 2021- 2031
Historical Data and Forecast of Latvia GPS IC Market Revenues & Volume By Application for the Period 2021- 2031
Historical Data and Forecast of Latvia GPS IC Market Revenues & Volume By Voice-Guided Navigation for the Period 2021- 2031
Historical Data and Forecast of Latvia GPS IC Market Revenues & Volume By Tracking and Tracing for the Period 2021- 2031
Historical Data and Forecast of Latvia GPS IC Market Revenues & Volume By Location-Enabled Search for the Period 2021- 2031
Historical Data and Forecast of Latvia GPS IC Market Revenues & Volume By Others for the Period 2021- 2031
Latvia GPS IC Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By Application
Latvia GPS IC Top Companies Market Share
Latvia GPS IC Competitive Benchmarking By Technical and Operational Parameters
Latvia GPS IC Company Profiles
Latvia GPS IC Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

How does 6Wresearch market report help businesses in making strategic decisions?

Do you also provide customisation in the market study?

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

Africa GPS IC Market

Ghana GPS IC Market

Global GPS IC Market

Hungary GPS IC Market

India GPS IC Market

Indonesia GPS IC Market

Iraq GPS IC Market

Middle East GPS IC Market

North America GPS IC Market

Export potential assessment - trade Analytics for 2030

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.

To discover high-growth global markets and optimize your business strategy:

Click Here