| Product Code: ETC5579385 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia saw a shift in the concentration of mid-and high-level precision GPS receiver imports, moving from very high to moderate concentration. The top exporting countries to Latvia were Lithuania, Poland, Canada, Hungary, and the Netherlands. Despite a negative growth rate of -52.03% in 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remained positive at 2.47%. This data indicates a fluctuating market landscape for GPS receivers in Latvia, with potential opportunities for market diversification and strategic partnerships in the coming years.

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 Mid-and High-Level Precision GPS Receiver Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Mid-and High-Level Precision GPS Receiver Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Mid-and High-Level Precision GPS Receiver Market - Industry Life Cycle |
3.4 Latvia Mid-and High-Level Precision GPS Receiver Market - Porter's Five Forces |
3.5 Latvia Mid-and High-Level Precision GPS Receiver Market Revenues & Volume Share, By Type , 2021 & 2031F |
3.6 Latvia Mid-and High-Level Precision GPS Receiver Market Revenues & Volume Share, By Industry , 2021 & 2031F |
3.7 Latvia Mid-and High-Level Precision GPS Receiver Market Revenues & Volume Share, By Frequency Type, 2021 & 2031F |
4 Latvia Mid-and High-Level Precision GPS Receiver Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for precise location data in industries such as agriculture, construction, and surveying |
4.2.2 Technological advancements leading to higher accuracy and efficiency in GPS receivers |
4.2.3 Government initiatives promoting the use of GPS technology for various applications |
4.3 Market Restraints |
4.3.1 High initial investment cost for mid-and high-level precision GPS receivers |
4.3.2 Limited awareness and understanding of the benefits of precision GPS technology among potential users |
4.3.3 Potential regulatory challenges related to data privacy and security in GPS applications |
5 Latvia Mid-and High-Level Precision GPS Receiver Market Trends |
6 Latvia Mid-and High-Level Precision GPS Receiver Market Segmentations |
6.1 Latvia Mid-and High-Level Precision GPS Receiver Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Mid-and High-Level Precision GPS Receiver Market Revenues & Volume, By Differential Grade, 2021-2031F |
6.1.3 Latvia Mid-and High-Level Precision GPS Receiver Market Revenues & Volume, By Survey Grade, 2021-2031F |
6.2 Latvia Mid-and High-Level Precision GPS Receiver Market, By Industry |
6.2.1 Overview and Analysis |
6.2.2 Latvia Mid-and High-Level Precision GPS Receiver Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2.3 Latvia Mid-and High-Level Precision GPS Receiver Market Revenues & Volume, By Mining, 2021-2031F |
6.2.4 Latvia Mid-and High-Level Precision GPS Receiver Market Revenues & Volume, By Construction, 2021-2031F |
6.2.5 Latvia Mid-and High-Level Precision GPS Receiver Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3 Latvia Mid-and High-Level Precision GPS Receiver Market, By Frequency Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Mid-and High-Level Precision GPS Receiver Market Revenues & Volume, By Single Frequency, 2021-2031F |
6.3.3 Latvia Mid-and High-Level Precision GPS Receiver Market Revenues & Volume, By Dual Frequency, 2021-2031F |
7 Latvia Mid-and High-Level Precision GPS Receiver Market Import-Export Trade Statistics |
7.1 Latvia Mid-and High-Level Precision GPS Receiver Market Export to Major Countries |
7.2 Latvia Mid-and High-Level Precision GPS Receiver Market Imports from Major Countries |
8 Latvia Mid-and High-Level Precision GPS Receiver Market Key Performance Indicators |
8.1 Number of new precision GPS applications developed in Latvia |
8.2 Adoption rate of precision GPS technology across key industries |
8.3 Rate of technological advancements in mid-and high-level precision GPS receivers |
9 Latvia Mid-and High-Level Precision GPS Receiver Market - Opportunity Assessment |
9.1 Latvia Mid-and High-Level Precision GPS Receiver Market Opportunity Assessment, By Type , 2021 & 2031F |
9.2 Latvia Mid-and High-Level Precision GPS Receiver Market Opportunity Assessment, By Industry , 2021 & 2031F |
9.3 Latvia Mid-and High-Level Precision GPS Receiver Market Opportunity Assessment, By Frequency Type, 2021 & 2031F |
10 Latvia Mid-and High-Level Precision GPS Receiver Market - Competitive Landscape |
10.1 Latvia Mid-and High-Level Precision GPS Receiver Market Revenue Share, By Companies, 2024 |
10.2 Latvia Mid-and High-Level Precision GPS Receiver Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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.
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