| Product Code: ETC12899701 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Latvia`s magnetometer import market in 2024 saw key suppliers from Germany, Poland, Finland, UK, and the Netherlands. The low Herfindahl-Hirschman Index (HHI) indicates a competitive landscape. Despite a healthy compound annual growth rate (CAGR) of 4.53% from 2020 to 2024, the abrupt -39.18% growth rate in 2023-24 raises concerns. Monitoring market dynamics and potential factors influencing this decline will be crucial for stakeholders in the magnetometer import industry in Latvia.

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 Magnetometer Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Magnetometer Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Magnetometer Market - Industry Life Cycle |
3.4 Latvia Magnetometer Market - Porter's Five Forces |
3.5 Latvia Magnetometer Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Magnetometer Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Magnetometer Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Latvia Magnetometer Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Magnetometer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for magnetometers in geological surveys and mineral exploration activities. |
4.2.2 Growing adoption of magnetometers in environmental monitoring and research applications. |
4.2.3 Technological advancements leading to the development of more accurate and efficient magnetometer systems. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with purchasing advanced magnetometer systems. |
4.3.2 Limited awareness and understanding of the benefits of magnetometers among potential users. |
4.3.3 Challenges related to calibration and maintenance of magnetometer equipment. |
5 Latvia Magnetometer Market Trends |
6 Latvia Magnetometer Market, By Types |
6.1 Latvia Magnetometer Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Magnetometer Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Magnetometer Market Revenues & Volume, By Scalar Magnetometer, 2021 - 2031F |
6.1.4 Latvia Magnetometer Market Revenues & Volume, By Vector Magnetometer, 2021 - 2031F |
6.1.5 Latvia Magnetometer Market Revenues & Volume, By Proton Precession Magnetometer, 2021 - 2031F |
6.2 Latvia Magnetometer Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Magnetometer Market Revenues & Volume, By Geophysical Surveys, 2021 - 2031F |
6.2.3 Latvia Magnetometer Market Revenues & Volume, By Space Exploration, 2021 - 2031F |
6.2.4 Latvia Magnetometer Market Revenues & Volume, By Mineral Exploration, 2021 - 2031F |
6.3 Latvia Magnetometer Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Magnetometer Market Revenues & Volume, By Military & Defense, 2021 - 2031F |
6.3.3 Latvia Magnetometer Market Revenues & Volume, By Aerospace, 2021 - 2031F |
6.3.4 Latvia Magnetometer Market Revenues & Volume, By Research Institutes, 2021 - 2031F |
6.4 Latvia Magnetometer Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Latvia Magnetometer Market Revenues & Volume, By Direct Sales, 2021 - 2031F |
6.4.3 Latvia Magnetometer Market Revenues & Volume, By Online Sales, 2021 - 2031F |
6.4.4 Latvia Magnetometer Market Revenues & Volume, By Distributors, 2021 - 2031F |
7 Latvia Magnetometer Market Import-Export Trade Statistics |
7.1 Latvia Magnetometer Market Export to Major Countries |
7.2 Latvia Magnetometer Market Imports from Major Countries |
8 Latvia Magnetometer Market Key Performance Indicators |
8.1 Number of new applications or industries adopting magnetometer technology. |
8.2 Rate of technological advancements and improvements in magnetometer systems. |
8.3 Percentage increase in research and development investments in magnetometer technology. |
8.4 Level of participation in industry events and conferences related to magnetometers. |
8.5 Number of partnerships or collaborations between magnetometer manufacturers and research institutions. |
9 Latvia Magnetometer Market - Opportunity Assessment |
9.1 Latvia Magnetometer Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Magnetometer Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Magnetometer Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Latvia Magnetometer Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Magnetometer Market - Competitive Landscape |
10.1 Latvia Magnetometer Market Revenue Share, By Companies, 2024 |
10.2 Latvia Magnetometer Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |