| Product Code: ETC5620083 | 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 | |
In 2024, Latvia`s import of IoT chips saw a significant decline in growth rate by -40.89% compared to the previous year. Despite this, the country continued to import these chips primarily from Taiwan, Netherlands, Hong Kong, and Germany. The market showed a shift from moderate to low concentration in terms of market share. The negative CAGR of -0.75% from 2020 to 2024 indicates a challenging market environment for IoT chip imports in Latvia. Analyzing these trends can provide valuable insights for stakeholders in the industry.
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 IoT Chip Market Overview  | 
3.1 Latvia Country Macro Economic Indicators  | 
3.2 Latvia IoT Chip Market Revenues & Volume, 2021 & 2031F  | 
3.3 Latvia IoT Chip Market - Industry Life Cycle  | 
3.4 Latvia IoT Chip Market - Porter's Five Forces  | 
3.5 Latvia IoT Chip Market Revenues & Volume Share, By Hardware, 2021 & 2031F  | 
3.6 Latvia IoT Chip Market Revenues & Volume Share, By Power Consumption, 2021 & 2031F  | 
3.7 Latvia IoT Chip Market Revenues & Volume Share, By End Use, 2021 & 2031F  | 
4 Latvia IoT Chip Market Dynamics  | 
4.1 Impact Analysis  | 
4.2 Market Drivers  | 
4.2.1 Increasing adoption of IoT technology in various industries in Latvia  | 
4.2.2 Government initiatives and investments in IoT infrastructure development  | 
4.2.3 Growing demand for connected devices and smart solutions in the market  | 
4.3 Market Restraints  | 
4.3.1 Lack of standardized regulations and security concerns related to IoT devices  | 
4.3.2 High initial costs and maintenance expenses associated with IoT chip implementation  | 
5 Latvia IoT Chip Market Trends  | 
6 Latvia IoT Chip Market Segmentations  | 
6.1 Latvia IoT Chip Market, By Hardware  | 
6.1.1 Overview and Analysis  | 
6.1.2 Latvia IoT Chip Market Revenues & Volume, By Processors, 2021-2031F  | 
6.1.3 Latvia IoT Chip Market Revenues & Volume, By Connectivity Integrated Circuits (ICs), 2021-2031F  | 
6.1.4 Latvia IoT Chip Market Revenues & Volume, By Sensors, 2021-2031F  | 
6.1.5 Latvia IoT Chip Market Revenues & Volume, By Memory devices, 2021-2031F  | 
6.1.6 Latvia IoT Chip Market Revenues & Volume, By Logic devices, 2021-2031F  | 
6.2 Latvia IoT Chip Market, By Power Consumption  | 
6.2.1 Overview and Analysis  | 
6.2.2 Latvia IoT Chip Market Revenues & Volume, By Less than 1 W, 2021-2031F  | 
6.2.3 Latvia IoT Chip Market Revenues & Volume, By 1? ??3 W, 2021-2031F  | 
6.2.4 Latvia IoT Chip Market Revenues & Volume, By 3? ??5 W, 2021-2031F  | 
6.2.5 Latvia IoT Chip Market Revenues & Volume, By 5? ??10 W, 2021-2031F  | 
6.2.6 Latvia IoT Chip Market Revenues & Volume, By More than 10 W, 2021-2031F  | 
6.3 Latvia IoT Chip Market, By End Use  | 
6.3.1 Overview and Analysis  | 
6.3.2 Latvia IoT Chip Market Revenues & Volume, By Wearable Devices, 2021-2031F  | 
6.3.3 Latvia IoT Chip Market Revenues & Volume, By Healthcare, 2021-2031F  | 
6.3.4 Latvia IoT Chip Market Revenues & Volume, By Consumer Electronics, 2021-2031F  | 
6.3.5 Latvia IoT Chip Market Revenues & Volume, By Automotive & Transportation, 2021-2031F  | 
6.3.6 Latvia IoT Chip Market Revenues & Volume, By Building Automation, 2021-2031F  | 
6.3.7 Latvia IoT Chip Market Revenues & Volume, By Manufacturing, 2021-2031F  | 
7 Latvia IoT Chip Market Import-Export Trade Statistics  | 
7.1 Latvia IoT Chip Market Export to Major Countries  | 
7.2 Latvia IoT Chip Market Imports from Major Countries  | 
8 Latvia IoT Chip Market Key Performance Indicators  | 
8.1 Number of IoT devices connected to the network in Latvia  | 
8.2 Average latency in data transmission for IoT devices  | 
8.3 Energy efficiency of IoT chips used in the market  | 
9 Latvia IoT Chip Market - Opportunity Assessment  | 
9.1 Latvia IoT Chip Market Opportunity Assessment, By Hardware, 2021 & 2031F  | 
9.2 Latvia IoT Chip Market Opportunity Assessment, By Power Consumption, 2021 & 2031F  | 
9.3 Latvia IoT Chip Market Opportunity Assessment, By End Use, 2021 & 2031F  | 
10 Latvia IoT Chip Market - Competitive Landscape  | 
10.1 Latvia IoT Chip Market Revenue Share, By Companies, 2024  | 
10.2 Latvia IoT Chip Market Competitive Benchmarking, By Operating and Technical Parameters  | 
11 Company Profiles  | 
12 Recommendations  | 13 Disclaimer  |