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

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

Market Forecast By Type (Standalone Trackers, OBD Devices, Advance Trackers), By Deployment Type (Commercial Vehicle, Cargo & Container), By Industry (Transportation & Logistics, Construction, Government, Oil & Gas, Metals & Mining, Others), By And Competitive Landscape

Product Code: ETC5605852	Publication Date: Nov 2023	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 60	No. of Figures: 30	No. of Tables: 5

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

The Latvia GPS tracking device import market saw a shift in concentration levels from high in 2023 to moderate in 2024, indicating increased competition. Top exporting countries Lithuania, Poland, Canada, Hungary, and Netherlands continued to play a significant role in supplying to Latvia. Despite a negative growth rate in 2024, the compound annual growth rate (CAGR) over the period 2020-24 remained positive at 2.47%, suggesting a steady expansion of the market. The dynamics of the import shipments highlight the evolving landscape of GPS tracking technology in Latvia.

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

Key Highlights of the Report:

Latvia GPS Tracking Device Market Outlook
Market Size of Latvia GPS Tracking Device Market, 2024
Forecast of Latvia GPS Tracking Device Market, 2031
Historical Data and Forecast of Latvia GPS Tracking Device Revenues & Volume for the Period 2021-2031
Latvia GPS Tracking Device Market Trend Evolution
Latvia GPS Tracking Device Market Drivers and Challenges
Latvia GPS Tracking Device Price Trends
Latvia GPS Tracking Device Porter`s Five Forces
Latvia GPS Tracking Device Industry Life Cycle
Historical Data and Forecast of Latvia GPS Tracking Device Market Revenues & Volume By Type for the Period 2021-2031
Historical Data and Forecast of Latvia GPS Tracking Device Market Revenues & Volume By Standalone Trackers for the Period 2021-2031
Historical Data and Forecast of Latvia GPS Tracking Device Market Revenues & Volume By OBD Devices for the Period 2021-2031
Historical Data and Forecast of Latvia GPS Tracking Device Market Revenues & Volume By Advance Trackers for the Period 2021-2031
Historical Data and Forecast of Latvia GPS Tracking Device Market Revenues & Volume By Deployment Type for the Period 2021-2031
Historical Data and Forecast of Latvia GPS Tracking Device Market Revenues & Volume By Commercial Vehicle for the Period 2021-2031
Historical Data and Forecast of Latvia GPS Tracking Device Market Revenues & Volume By Cargo & Container for the Period 2021-2031
Historical Data and Forecast of Latvia GPS Tracking Device Market Revenues & Volume By Industry for the Period 2021-2031
Historical Data and Forecast of Latvia GPS Tracking Device Market Revenues & Volume By Transportation & Logistics for the Period 2021-2031
Historical Data and Forecast of Latvia GPS Tracking Device Market Revenues & Volume By Construction for the Period 2021-2031
Historical Data and Forecast of Latvia GPS Tracking Device Market Revenues & Volume By Government for the Period 2021-2031
Historical Data and Forecast of Latvia GPS Tracking Device Market Revenues & Volume By Oil & Gas for the Period 2021-2031
Historical Data and Forecast of Latvia GPS Tracking Device Market Revenues & Volume By Metals & Mining for the Period 2021-2031
Historical Data and Forecast of Latvia GPS Tracking Device Market Revenues & Volume By Others for the Period 2021-2031
Historical Data and Forecast of Latvia GPS Tracking Device Market Revenues & Volume By for the Period 2021-2031
Latvia GPS Tracking Device Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By Deployment Type
Market Opportunity Assessment By Industry
Market Opportunity Assessment By
Latvia GPS Tracking Device Top Companies Market Share
Latvia GPS Tracking Device Competitive Benchmarking By Technical and Operational Parameters
Latvia GPS Tracking Device Company Profiles
Latvia GPS Tracking Device Key Strategic Recommendations

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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 Tracking Device Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia GPS Tracking Device Market Revenues & Volume, 2021 & 2031F

3.3 Latvia GPS Tracking Device Market - Industry Life Cycle

3.4 Latvia GPS Tracking Device Market - Porter's Five Forces

3.5 Latvia GPS Tracking Device Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Latvia GPS Tracking Device Market Revenues & Volume Share, By Deployment Type, 2021 & 2031F

3.7 Latvia GPS Tracking Device Market Revenues & Volume Share, By Industry , 2021 & 2031F

3.8 Latvia GPS Tracking Device Market Revenues & Volume Share, By , 2021 & 2031F

4 Latvia GPS Tracking Device Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing concerns about vehicle theft and safety leading to higher demand for GPS tracking devices

4.2.2 Growing adoption of GPS tracking devices in fleet management for efficiency and cost savings

4.2.3 Technological advancements and innovations in GPS technology driving market growth

4.3 Market Restraints

4.3.1 High initial costs and installation expenses associated with GPS tracking devices

4.3.2 Concerns regarding data privacy and security hindering widespread adoption

4.3.3 Limited awareness and understanding of the benefits of GPS tracking devices among potential customers

5 Latvia GPS Tracking Device Market Trends

6 Latvia GPS Tracking Device Market Segmentations

6.1 Latvia GPS Tracking Device Market, By Type

6.1.1 Overview and Analysis

6.1.2 Latvia GPS Tracking Device Market Revenues & Volume, By Standalone Trackers, 2021-2031F

6.1.3 Latvia GPS Tracking Device Market Revenues & Volume, By OBD Devices, 2021-2031F

6.1.4 Latvia GPS Tracking Device Market Revenues & Volume, By Advance Trackers, 2021-2031F

6.2 Latvia GPS Tracking Device Market, By Deployment Type

6.2.1 Overview and Analysis

6.2.2 Latvia GPS Tracking Device Market Revenues & Volume, By Commercial Vehicle, 2021-2031F

6.2.3 Latvia GPS Tracking Device Market Revenues & Volume, By Cargo & Container, 2021-2031F

6.3 Latvia GPS Tracking Device Market, By Industry

6.3.1 Overview and Analysis

6.3.2 Latvia GPS Tracking Device Market Revenues & Volume, By Transportation & Logistics, 2021-2031F

6.3.3 Latvia GPS Tracking Device Market Revenues & Volume, By Construction, 2021-2031F

6.3.4 Latvia GPS Tracking Device Market Revenues & Volume, By Government, 2021-2031F

6.3.5 Latvia GPS Tracking Device Market Revenues & Volume, By Oil & Gas, 2021-2031F

6.3.6 Latvia GPS Tracking Device Market Revenues & Volume, By Metals & Mining, 2021-2031F

6.3.7 Latvia GPS Tracking Device Market Revenues & Volume, By Others, 2021-2031F

6.4 Latvia GPS Tracking Device Market, By

6.4.1 Overview and Analysis

7 Latvia GPS Tracking Device Market Import-Export Trade Statistics

7.1 Latvia GPS Tracking Device Market Export to Major Countries

7.2 Latvia GPS Tracking Device Market Imports from Major Countries

8 Latvia GPS Tracking Device Market Key Performance Indicators

8.1 Average number of GPS tracking devices per vehicle in Latvia

8.2 Rate of adoption of GPS tracking devices in different industries (e.g., transportation, logistics, construction)

8.3 Percentage increase in the use of GPS tracking devices for personal vehicles in Latvia

9 Latvia GPS Tracking Device Market - Opportunity Assessment

9.1 Latvia GPS Tracking Device Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Latvia GPS Tracking Device Market Opportunity Assessment, By Deployment Type, 2021 & 2031F

9.3 Latvia GPS Tracking Device Market Opportunity Assessment, By Industry , 2021 & 2031F

9.4 Latvia GPS Tracking Device Market Opportunity Assessment, By , 2021 & 2031F

10 Latvia GPS Tracking Device Market - Competitive Landscape

10.1 Latvia GPS Tracking Device Market Revenue Share, By Companies, 2024

10.2 Latvia GPS Tracking Device Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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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.

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