| Product Code: ETC12400693 | 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 guided rocket import market in 2024 continued to see significant contributions from key exporting countries such as Sweden, Slovakia, UK, Spain, and Netherlands. Despite a high Herfindahl-Hirschman Index indicating market concentration, the industry displayed a healthy Compound Annual Growth Rate of 5.69% from 2020 to 2024. However, a notable decline was observed in the growth rate from 2023 to 2024 at -32.98%, suggesting a potential shift or temporary setback in the market dynamics. Monitoring future trends in this sector will be crucial for stakeholders to adapt and strategize effectively.

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 Guided Rocket Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Guided Rocket Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Guided Rocket Market - Industry Life Cycle |
3.4 Latvia Guided Rocket Market - Porter's Five Forces |
3.5 Latvia Guided Rocket Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Guided Rocket Market Revenues & Volume Share, By Propulsion System, 2021 & 2031F |
3.7 Latvia Guided Rocket Market Revenues & Volume Share, By Guidance Technology, 2021 & 2031F |
3.8 Latvia Guided Rocket Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.9 Latvia Guided Rocket Market Revenues & Volume Share, By Certification, 2021 & 2031F |
4 Latvia Guided Rocket Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing defense budget of Latvia |
4.2.2 Rising geopolitical tensions in the region |
4.2.3 Technological advancements in guided rocket systems |
4.3 Market Restraints |
4.3.1 Regulatory restrictions on arms trade |
4.3.2 High initial investment required for developing guided rocket systems |
4.3.3 Competition from established global defense contractors |
5 Latvia Guided Rocket Market Trends |
6 Latvia Guided Rocket Market, By Types |
6.1 Latvia Guided Rocket Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Guided Rocket Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Guided Rocket Market Revenues & Volume, By Surface-to-Surface, 2021 - 2031F |
6.1.4 Latvia Guided Rocket Market Revenues & Volume, By Air-to-Ground, 2021 - 2031F |
6.1.5 Latvia Guided Rocket Market Revenues & Volume, By Surface-to-Air, 2021 - 2031F |
6.2 Latvia Guided Rocket Market, By Propulsion System |
6.2.1 Overview and Analysis |
6.2.2 Latvia Guided Rocket Market Revenues & Volume, By Solid Fuel, 2021 - 2031F |
6.2.3 Latvia Guided Rocket Market Revenues & Volume, By Liquid Fuel, 2021 - 2031F |
6.2.4 Latvia Guided Rocket Market Revenues & Volume, By Hybrid Propulsion, 2021 - 2031F |
6.3 Latvia Guided Rocket Market, By Guidance Technology |
6.3.1 Overview and Analysis |
6.3.2 Latvia Guided Rocket Market Revenues & Volume, By GPS Navigation, 2021 - 2031F |
6.3.3 Latvia Guided Rocket Market Revenues & Volume, By Laser-Guided, 2021 - 2031F |
6.3.4 Latvia Guided Rocket Market Revenues & Volume, By Inertial Navigation, 2021 - 2031F |
6.4 Latvia Guided Rocket Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Latvia Guided Rocket Market Revenues & Volume, By Military, 2021 - 2031F |
6.4.3 Latvia Guided Rocket Market Revenues & Volume, By Air Force, 2021 - 2031F |
6.4.4 Latvia Guided Rocket Market Revenues & Volume, By Navy, 2021 - 2031F |
6.5 Latvia Guided Rocket Market, By Certification |
6.5.1 Overview and Analysis |
6.5.2 Latvia Guided Rocket Market Revenues & Volume, By NATO Standard, 2021 - 2031F |
6.5.3 Latvia Guided Rocket Market Revenues & Volume, By MIL-STD-461, 2021 - 2031F |
6.5.4 Latvia Guided Rocket Market Revenues & Volume, By ISO 9001, 2021 - 2031F |
7 Latvia Guided Rocket Market Import-Export Trade Statistics |
7.1 Latvia Guided Rocket Market Export to Major Countries |
7.2 Latvia Guided Rocket Market Imports from Major Countries |
8 Latvia Guided Rocket Market Key Performance Indicators |
8.1 Research and development investment in guided rocket technology |
8.2 Number of successful test launches conducted |
8.3 Adoption rate of guided rocket systems by the Latvian military |
9 Latvia Guided Rocket Market - Opportunity Assessment |
9.1 Latvia Guided Rocket Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Guided Rocket Market Opportunity Assessment, By Propulsion System, 2021 & 2031F |
9.3 Latvia Guided Rocket Market Opportunity Assessment, By Guidance Technology, 2021 & 2031F |
9.4 Latvia Guided Rocket Market Opportunity Assessment, By End User, 2021 & 2031F |
9.5 Latvia Guided Rocket Market Opportunity Assessment, By Certification, 2021 & 2031F |
10 Latvia Guided Rocket Market - Competitive Landscape |
10.1 Latvia Guided Rocket Market Revenue Share, By Companies, 2024 |
10.2 Latvia Guided Rocket 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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