Latvia IoT Devices Market (2025-2031) | Trends, Industry, Competitive Landscape, Value, Growth, Outlook, Share, Size & Revenue, Companies, Forecast, Analysis, Segmentation
Market Forecast By Application Type (Connected and Smart Home, Medical IoT, Connected Car, Smart Cities, Industrial IoT, Personal IoT, Other), By Connectivity Type (WPAN, WLAN, LPWA, Cellular/M2M, Other) And Competitive Landscape
| Product Code: ETC7913708 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia Iot Devices Market Top 5 Importing Countries and Market Competition (HHI) Analysis
Latvia`s import shipments of IoT devices in 2024 saw a significant increase in concentration, with top exporting countries being Lithuania, Estonia, USA, China, and Italy. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, which intensified further in 2024. The negative Compound Annual Growth Rate (CAGR) from 2020 to 2024 at -34.65% suggests a declining trend, with a steep growth rate decline of -70.94% from 2023 to 2024. This data highlights the challenging landscape for IoT device imports in Latvia, signaling potential shifts in market dynamics and competitive pressures.
Key Highlights of the Report:
- Latvia IoT Devices Market Outlook
- Market Size of Latvia IoT Devices Market, 2024
- Forecast of Latvia IoT Devices Market, 2031
- Historical Data and Forecast of Latvia IoT Devices Revenues & Volume for the Period 2021- 2031
- Latvia IoT Devices Market Trend Evolution
- Latvia IoT Devices Market Drivers and Challenges
- Latvia IoT Devices Price Trends
- Latvia IoT Devices Porter's Five Forces
- Latvia IoT Devices Industry Life Cycle
- Historical Data and Forecast of Latvia IoT Devices Market Revenues & Volume By Application Type for the Period 2021- 2031
- Historical Data and Forecast of Latvia IoT Devices Market Revenues & Volume By Connected and Smart Home for the Period 2021- 2031
- Historical Data and Forecast of Latvia IoT Devices Market Revenues & Volume By Medical IoT for the Period 2021- 2031
- Historical Data and Forecast of Latvia IoT Devices Market Revenues & Volume By Connected Car for the Period 2021- 2031
- Historical Data and Forecast of Latvia IoT Devices Market Revenues & Volume By Smart Cities for the Period 2021- 2031
- Historical Data and Forecast of Latvia IoT Devices Market Revenues & Volume By Industrial IoT for the Period 2021- 2031
- Historical Data and Forecast of Latvia IoT Devices Market Revenues & Volume By Personal IoT for the Period 2021- 2031
- Historical Data and Forecast of Latvia IoT Devices Market Revenues & Volume By Other for the Period 2021- 2031
- Historical Data and Forecast of Latvia IoT Devices Market Revenues & Volume By Connectivity Type for the Period 2021- 2031
- Historical Data and Forecast of Latvia IoT Devices Market Revenues & Volume By WPAN for the Period 2021- 2031
- Historical Data and Forecast of Latvia IoT Devices Market Revenues & Volume By WLAN for the Period 2021- 2031
- Historical Data and Forecast of Latvia IoT Devices Market Revenues & Volume By LPWA for the Period 2021- 2031
- Historical Data and Forecast of Latvia IoT Devices Market Revenues & Volume By Cellular/M2M for the Period 2021- 2031
- Historical Data and Forecast of Latvia IoT Devices Market Revenues & Volume By Other for the Period 2021- 2031
- Latvia IoT Devices Import Export Trade Statistics
- Market Opportunity Assessment By Application Type
- Market Opportunity Assessment By Connectivity Type
- Latvia IoT Devices Top Companies Market Share
- Latvia IoT Devices Competitive Benchmarking By Technical and Operational Parameters
- Latvia IoT Devices Company Profiles
- Latvia IoT Devices Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia IoT Devices 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 IoT Devices 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 IoT Devices Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia IoT Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia IoT Devices Market - Industry Life Cycle |
3.4 Latvia IoT Devices Market - Porter's Five Forces |
3.5 Latvia IoT Devices Market Revenues & Volume Share, By Application Type, 2021 & 2031F |
3.6 Latvia IoT Devices Market Revenues & Volume Share, By Connectivity Type, 2021 & 2031F |
4 Latvia IoT Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of smart home technology in Latvia |
4.2.2 Government initiatives promoting IoT infrastructure development |
4.2.3 Growing demand for connected devices in industries like healthcare and manufacturing |
4.3 Market Restraints |
4.3.1 Data security and privacy concerns among consumers |
4.3.2 Lack of skilled workforce for IoT device development and maintenance |
5 Latvia IoT Devices Market Trends |
6 Latvia IoT Devices Market, By Types |
6.1 Latvia IoT Devices Market, By Application Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia IoT Devices Market Revenues & Volume, By Application Type, 2021- 2031F |
6.1.3 Latvia IoT Devices Market Revenues & Volume, By Connected and Smart Home, 2021- 2031F |
6.1.4 Latvia IoT Devices Market Revenues & Volume, By Medical IoT, 2021- 2031F |
6.1.5 Latvia IoT Devices Market Revenues & Volume, By Connected Car, 2021- 2031F |
6.1.6 Latvia IoT Devices Market Revenues & Volume, By Smart Cities, 2021- 2031F |
6.1.7 Latvia IoT Devices Market Revenues & Volume, By Industrial IoT, 2021- 2031F |
6.1.8 Latvia IoT Devices Market Revenues & Volume, By Personal IoT, 2021- 2031F |
6.2 Latvia IoT Devices Market, By Connectivity Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia IoT Devices Market Revenues & Volume, By WPAN, 2021- 2031F |
6.2.3 Latvia IoT Devices Market Revenues & Volume, By WLAN, 2021- 2031F |
6.2.4 Latvia IoT Devices Market Revenues & Volume, By LPWA, 2021- 2031F |
6.2.5 Latvia IoT Devices Market Revenues & Volume, By Cellular/M2M, 2021- 2031F |
6.2.6 Latvia IoT Devices Market Revenues & Volume, By Other, 2021- 2031F |
7 Latvia IoT Devices Market Import-Export Trade Statistics |
7.1 Latvia IoT Devices Market Export to Major Countries |
7.2 Latvia IoT Devices Market Imports from Major Countries |
8 Latvia IoT Devices Market Key Performance Indicators |
8.1 Average number of connected devices per household in Latvia |
8.2 Percentage of IoT infrastructure projects funded by government initiatives |
8.3 Rate of IoT device penetration in key industries such as healthcare and manufacturing |
9 Latvia IoT Devices Market - Opportunity Assessment |
9.1 Latvia IoT Devices Market Opportunity Assessment, By Application Type, 2021 & 2031F |
9.2 Latvia IoT Devices Market Opportunity Assessment, By Connectivity Type, 2021 & 2031F |
10 Latvia IoT Devices Market - Competitive Landscape |
10.1 Latvia IoT Devices Market Revenue Share, By Companies, 2024 |
10.2 Latvia IoT Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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