| Product Code: ETC5851636 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
Latvia`s import shipments of inertial measurement units in 2024 were primarily sourced from the USA, Turkey, Sweden, Taiwan, Province of China, and the UK. Despite the high Herfindahl-Hirschman Index indicating market concentration, the industry experienced a significant decline with a negative Compound Annual Growth Rate of -25.79% from 2020 to 2024. The growth rate plummeted even further in 2024, decreasing by -65.32% compared to the previous year. This data suggests a challenging market environment for manufacturers and exporters in the inertial measurement unit sector.
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 Inertial Measurement Unit Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Inertial Measurement Unit Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Inertial Measurement Unit Market - Industry Life Cycle |
3.4 Latvia Inertial Measurement Unit Market - Porter's Five Forces |
3.5 Latvia Inertial Measurement Unit Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Latvia Inertial Measurement Unit Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.7 Latvia Inertial Measurement Unit Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.8 Latvia Inertial Measurement Unit Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.9 Latvia Inertial Measurement Unit Market Revenues & Volume Share, By Platform, 2021 & 2031F |
4 Latvia Inertial Measurement Unit Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for precision navigation and guidance systems in aerospace and defense sectors. |
4.2.2 Growing adoption of autonomous vehicles and drones that require inertial measurement units for accurate positioning. |
4.2.3 Technological advancements leading to miniaturization and improved performance of inertial measurement units. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with the procurement and integration of advanced inertial measurement units. |
4.3.2 Technical challenges related to sensor accuracy and calibration that can impact the reliability of these units. |
5 Latvia Inertial Measurement Unit Market Trends |
6 Latvia Inertial Measurement Unit Market Segmentations |
6.1 Latvia Inertial Measurement Unit Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Latvia Inertial Measurement Unit Market Revenues & Volume, By Accelerometer, 2021-2031F |
6.1.3 Latvia Inertial Measurement Unit Market Revenues & Volume, By Gyroscope, 2021-2031F |
6.1.4 Latvia Inertial Measurement Unit Market Revenues & Volume, By Magnetometer, 2021-2031F |
6.1.5 Latvia Inertial Measurement Unit Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Inertial Measurement Unit Market, By Grade |
6.2.1 Overview and Analysis |
6.2.2 Latvia Inertial Measurement Unit Market Revenues & Volume, By Marine, 2021-2031F |
6.2.3 Latvia Inertial Measurement Unit Market Revenues & Volume, By Navigation, 2021-2031F |
6.2.4 Latvia Inertial Measurement Unit Market Revenues & Volume, By Tactical, 2021-2031F |
6.2.5 Latvia Inertial Measurement Unit Market Revenues & Volume, By Space, 2021-2031F |
6.2.6 Latvia Inertial Measurement Unit Market Revenues & Volume, By Commercial, 2021-2031F |
6.3 Latvia Inertial Measurement Unit Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 Latvia Inertial Measurement Unit Market Revenues & Volume, By Mechanical Gyro, 2021-2031F |
6.3.3 Latvia Inertial Measurement Unit Market Revenues & Volume, By Ring Laser Gyro, 2021-2031F |
6.3.4 Latvia Inertial Measurement Unit Market Revenues & Volume, By Fiber Optic Gyro, 2021-2031F |
6.3.5 Latvia Inertial Measurement Unit Market Revenues & Volume, By MEMs, 2021-2031F |
6.3.6 Latvia Inertial Measurement Unit Market Revenues & Volume, By Others, 2021-2031F |
6.4 Latvia Inertial Measurement Unit Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Latvia Inertial Measurement Unit Market Revenues & Volume, By Aerospace and Defense, 2021-2031F |
6.4.3 Latvia Inertial Measurement Unit Market Revenues & Volume, By Commercial, 2021-2031F |
6.5 Latvia Inertial Measurement Unit Market, By Platform |
6.5.1 Overview and Analysis |
6.5.2 Latvia Inertial Measurement Unit Market Revenues & Volume, By Aircraft, 2021-2031F |
6.5.3 Latvia Inertial Measurement Unit Market Revenues & Volume, By Missiles, 2021-2031F |
6.5.4 Latvia Inertial Measurement Unit Market Revenues & Volume, By Satellites/Space Vehicles, 2021-2031F |
6.5.5 Latvia Inertial Measurement Unit Market Revenues & Volume, By Marine Vessels, 2021-2031F |
6.5.6 Latvia Inertial Measurement Unit Market Revenues & Volume, By Military Vehicles, 2021-2031F |
6.5.7 Latvia Inertial Measurement Unit Market Revenues & Volume, By Unmanned Aerial Vehicles (UAVs), 2021-2031F |
6.5.8 Latvia Inertial Measurement Unit Market Revenues & Volume, By Unmanned Marine Vehicles (UMVs), 2021-2031F |
6.5.9 Latvia Inertial Measurement Unit Market Revenues & Volume, By Unmanned Marine Vehicles (UMVs), 2021-2031F |
7 Latvia Inertial Measurement Unit Market Import-Export Trade Statistics |
7.1 Latvia Inertial Measurement Unit Market Export to Major Countries |
7.2 Latvia Inertial Measurement Unit Market Imports from Major Countries |
8 Latvia Inertial Measurement Unit Market Key Performance Indicators |
8.1 Rate of adoption of inertial measurement units in emerging applications. |
8.2 Average lifespan of inertial measurement units deployed in the market. |
8.3 Rate of technological advancements in the field of inertial sensors and navigation systems. |
9 Latvia Inertial Measurement Unit Market - Opportunity Assessment |
9.1 Latvia Inertial Measurement Unit Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Latvia Inertial Measurement Unit Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.3 Latvia Inertial Measurement Unit Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.4 Latvia Inertial Measurement Unit Market Opportunity Assessment, By End User, 2021 & 2031F |
9.5 Latvia Inertial Measurement Unit Market Opportunity Assessment, By Platform, 2021 & 2031F |
10 Latvia Inertial Measurement Unit Market - Competitive Landscape |
10.1 Latvia Inertial Measurement Unit Market Revenue Share, By Companies, 2024 |
10.2 Latvia Inertial Measurement Unit Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |