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

Market Forecast By Type (Attitude Heading and Reference Systems (AHRS), Inertial Navigation Systems/Inertial Navigation Units (INUs), Inertial Measurement Units (IMUs)), By Component (Accelerometers, Gyroscopes, Encoders, Magnetic Sensor, GPS), By Application (Transport, Agriculture, Healthcare, Devices & Machinery (Commercial), Air Force, Navy & Military (Defense), Aerospace) And Competitive Landscape
Product Code: ETC7913305 Publication Date: Sep 2024 Updated Date: Nov 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Vasudha No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

Latvia Inertial Sensor Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Latvia`s inertial sensor import shipments in 2024 continued to be dominated by key exporters such as the USA, Turkey, Sweden, Taiwan, Province of China, and the UK. The market concentration, as indicated by the Herfindahl-Hirschman Index (HHI), remained very high in 2024, reflecting the significant market power held by these top exporting countries. However, the industry experienced a significant decline with a negative Compound Annual Growth Rate (CAGR) of -25.79% from 2020 to 2024, and a sharp growth rate decrease of -65.32% from 2023 to 2024, indicating challenges and potential shifts in the market dynamics.

Latvia Inertial Sensor Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Latvia Inertial Sensor Market Outlook
  • Market Size of Latvia Inertial Sensor Market, 2024
  • Forecast of Latvia Inertial Sensor Market, 2031
  • Historical Data and Forecast of Latvia Inertial Sensor Revenues & Volume for the Period 2021- 2031
  • Latvia Inertial Sensor Market Trend Evolution
  • Latvia Inertial Sensor Market Drivers and Challenges
  • Latvia Inertial Sensor Price Trends
  • Latvia Inertial Sensor Porter's Five Forces
  • Latvia Inertial Sensor Industry Life Cycle
  • Historical Data and Forecast of Latvia Inertial Sensor Market Revenues & Volume By Type for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Inertial Sensor Market Revenues & Volume By Attitude Heading and Reference Systems (AHRS) for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Inertial Sensor Market Revenues & Volume By Inertial Navigation Systems/Inertial Navigation Units (INUs) for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Inertial Sensor Market Revenues & Volume By Inertial Measurement Units (IMUs) for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Inertial Sensor Market Revenues & Volume By Component for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Inertial Sensor Market Revenues & Volume By Accelerometers for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Inertial Sensor Market Revenues & Volume By Gyroscopes for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Inertial Sensor Market Revenues & Volume By Encoders for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Inertial Sensor Market Revenues & Volume By Magnetic Sensor for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Inertial Sensor Market Revenues & Volume By GPS for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Inertial Sensor Market Revenues & Volume By Application for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Inertial Sensor Market Revenues & Volume By Transport for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Inertial Sensor Market Revenues & Volume By Agriculture for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Inertial Sensor Market Revenues & Volume By Healthcare for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Inertial Sensor Market Revenues & Volume By Devices & Machinery (Commercial) for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Inertial Sensor Market Revenues & Volume By Air Force for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Inertial Sensor Market Revenues & Volume By Navy & Military (Defense) for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Inertial Sensor Market Revenues & Volume By Aerospace for the Period 2021- 2031
  • Latvia Inertial Sensor Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Component
  • Market Opportunity Assessment By Application
  • Latvia Inertial Sensor Top Companies Market Share
  • Latvia Inertial Sensor Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Inertial Sensor Company Profiles
  • Latvia Inertial Sensor Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Latvia Inertial Sensor Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Inertial Sensor Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

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 Sensor Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Inertial Sensor Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Inertial Sensor Market - Industry Life Cycle

3.4 Latvia Inertial Sensor Market - Porter's Five Forces

3.5 Latvia Inertial Sensor Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Latvia Inertial Sensor Market Revenues & Volume Share, By Component, 2021 & 2031F

3.7 Latvia Inertial Sensor Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Latvia Inertial Sensor Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing adoption of inertial sensors in consumer electronics for applications such as smartphones, wearables, and gaming devices.

4.2.2 Growing demand for autonomous vehicles and drones, driving the need for high-precision inertial sensors.

4.2.3 Technological advancements leading to miniaturization and improved performance of inertial sensors.

4.3 Market Restraints

4.3.1 High initial investment and maintenance costs associated with advanced inertial sensor technologies.

4.3.2 Lack of skilled workforce for the development and manufacturing of inertial sensors.

4.3.3 Potential challenges related to calibration and accuracy of inertial sensors in complex environments.

5 Latvia Inertial Sensor Market Trends

6 Latvia Inertial Sensor Market, By Types

6.1 Latvia Inertial Sensor Market, By Type

6.1.1 Overview and Analysis

6.1.2 Latvia Inertial Sensor Market Revenues & Volume, By Type, 2021- 2031F

6.1.3 Latvia Inertial Sensor Market Revenues & Volume, By Attitude Heading and Reference Systems (AHRS), 2021- 2031F

6.1.4 Latvia Inertial Sensor Market Revenues & Volume, By Inertial Navigation Systems/Inertial Navigation Units (INUs), 2021- 2031F

6.1.5 Latvia Inertial Sensor Market Revenues & Volume, By Inertial Measurement Units (IMUs), 2021- 2031F

6.2 Latvia Inertial Sensor Market, By Component

6.2.1 Overview and Analysis

6.2.2 Latvia Inertial Sensor Market Revenues & Volume, By Accelerometers, 2021- 2031F

6.2.3 Latvia Inertial Sensor Market Revenues & Volume, By Gyroscopes, 2021- 2031F

6.2.4 Latvia Inertial Sensor Market Revenues & Volume, By Encoders, 2021- 2031F

6.2.5 Latvia Inertial Sensor Market Revenues & Volume, By Magnetic Sensor, 2021- 2031F

6.2.6 Latvia Inertial Sensor Market Revenues & Volume, By GPS, 2021- 2031F

6.3 Latvia Inertial Sensor Market, By Application

6.3.1 Overview and Analysis

6.3.2 Latvia Inertial Sensor Market Revenues & Volume, By Transport, 2021- 2031F

6.3.3 Latvia Inertial Sensor Market Revenues & Volume, By Agriculture, 2021- 2031F

6.3.4 Latvia Inertial Sensor Market Revenues & Volume, By Healthcare, 2021- 2031F

6.3.5 Latvia Inertial Sensor Market Revenues & Volume, By Devices & Machinery (Commercial), 2021- 2031F

6.3.6 Latvia Inertial Sensor Market Revenues & Volume, By Air Force, 2021- 2031F

6.3.7 Latvia Inertial Sensor Market Revenues & Volume, By Navy & Military (Defense), 2021- 2031F

7 Latvia Inertial Sensor Market Import-Export Trade Statistics

7.1 Latvia Inertial Sensor Market Export to Major Countries

7.2 Latvia Inertial Sensor Market Imports from Major Countries

8 Latvia Inertial Sensor Market Key Performance Indicators

8.1 Average selling price (ASP) of inertial sensors in Latvia.

8.2 Number of research and development partnerships or collaborations focused on advancing inertial sensor technology in the market.

8.3 Rate of adoption of inertial sensors in emerging applications such as augmented reality (AR) and virtual reality (VR) devices.

9 Latvia Inertial Sensor Market - Opportunity Assessment

9.1 Latvia Inertial Sensor Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Latvia Inertial Sensor Market Opportunity Assessment, By Component, 2021 & 2031F

9.3 Latvia Inertial Sensor Market Opportunity Assessment, By Application, 2021 & 2031F

10 Latvia Inertial Sensor Market - Competitive Landscape

10.1 Latvia Inertial Sensor Market Revenue Share, By Companies, 2024

10.2 Latvia Inertial Sensor Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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
Pricing
  • Single User License
    $ 1,995
  • Department License
    $ 2,400
  • Site License
    $ 3,120
  • Global License
    $ 3,795
6Wresearch Support

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Thought Leadership and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Related Reports

Industry Events and Analyst Meet

Whitepaper

Read All
Chat With 6W AI Intelligence