| Product Code: ETC5573001 | 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`s import shipments of monolithic microwave ICs continued to be dominated by key players such as the USA, Germany, Netherlands, Malaysia, and China. The Herfindahl-Hirschman Index (HHI) indicated a moderate concentration within the market. Despite a significant negative compound annual growth rate (CAGR) of -31.31% from 2020 to 2024, there was a slight improvement in the growth rate in 2024, with a decrease of -4.2% compared to the previous year. This data suggests a challenging market environment for monolithic microwave IC imports in Latvia, with potential shifts in supplier dynamics.

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 Monolithic Microwave IC Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Monolithic Microwave IC Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Monolithic Microwave IC Market - Industry Life Cycle |
3.4 Latvia Monolithic Microwave IC Market - Porter's Five Forces |
3.5 Latvia Monolithic Microwave IC Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Latvia Monolithic Microwave IC Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.7 Latvia Monolithic Microwave IC Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.8 Latvia Monolithic Microwave IC Market Revenues & Volume Share, By Frequency Band, 2021 & 2031F |
3.9 Latvia Monolithic Microwave IC Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Monolithic Microwave IC Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-speed data connectivity and communication systems driving the adoption of Monolithic Microwave ICs in various applications. |
4.2.2 Growing investments in 5G infrastructure development and deployment propelling the demand for Monolithic Microwave ICs. |
4.2.3 Technological advancements leading to the development of more efficient and compact Monolithic Microwave ICs, enhancing their performance and usability. |
4.3 Market Restraints |
4.3.1 High initial investment required for the development and manufacturing of Monolithic Microwave ICs limiting market entry for smaller companies. |
4.3.2 Regulatory challenges and compliance requirements impacting the production and distribution of Monolithic Microwave ICs. |
4.3.3 Limited availability of skilled professionals in Latvia with expertise in designing and manufacturing Monolithic Microwave ICs hindering market growth. |
5 Latvia Monolithic Microwave IC Market Trends |
6 Latvia Monolithic Microwave IC Market Segmentations |
6.1 Latvia Monolithic Microwave IC Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Latvia Monolithic Microwave IC Market Revenues & Volume, By Power Amplifiers, 2021-2031F |
6.1.3 Latvia Monolithic Microwave IC Market Revenues & Volume, By Low-noise Amplifiers, 2021-2031F |
6.1.4 Latvia Monolithic Microwave IC Market Revenues & Volume, By Attenuators, 2021-2031F |
6.1.5 Latvia Monolithic Microwave IC Market Revenues & Volume, By Switches, 2021-2031F |
6.1.6 Latvia Monolithic Microwave IC Market Revenues & Volume, By Phase Shifters, 2021-2031F |
6.1.7 Latvia Monolithic Microwave IC Market Revenues & Volume, By Mixers, 2021-2031F |
6.1.9 Latvia Monolithic Microwave IC Market Revenues & Volume, By Frequency Multipliers, 2021-2031F |
6.1.10 Latvia Monolithic Microwave IC Market Revenues & Volume, By Frequency Multipliers, 2021-2031F |
6.2 Latvia Monolithic Microwave IC Market, By Material Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Monolithic Microwave IC Market Revenues & Volume, By Gallium Arsenide, 2021-2031F |
6.2.3 Latvia Monolithic Microwave IC Market Revenues & Volume, By Indium Phosphate, 2021-2031F |
6.2.4 Latvia Monolithic Microwave IC Market Revenues & Volume, By Indium Gallium Phosphide, 2021-2031F |
6.2.5 Latvia Monolithic Microwave IC Market Revenues & Volume, By Silicon Germanium, 2021-2031F |
6.2.6 Latvia Monolithic Microwave IC Market Revenues & Volume, By Gallium Nitride, 2021-2031F |
6.3 Latvia Monolithic Microwave IC Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 Latvia Monolithic Microwave IC Market Revenues & Volume, By HEMT, 2021-2031F |
6.3.3 Latvia Monolithic Microwave IC Market Revenues & Volume, By pHEMT, 2021-2031F |
6.3.4 Latvia Monolithic Microwave IC Market Revenues & Volume, By HBT, 2021-2031F |
6.3.5 Latvia Monolithic Microwave IC Market Revenues & Volume, By MESFET, 2021-2031F |
6.3.6 Latvia Monolithic Microwave IC Market Revenues & Volume, By mHEMT, 2021-2031F |
6.3.7 Latvia Monolithic Microwave IC Market Revenues & Volume, By E-pHEMT, 2021-2031F |
6.4 Latvia Monolithic Microwave IC Market, By Frequency Band |
6.4.1 Overview and Analysis |
6.4.2 Latvia Monolithic Microwave IC Market Revenues & Volume, By W Band, 2021-2031F |
6.4.3 Latvia Monolithic Microwave IC Market Revenues & Volume, By V Band, 2021-2031F |
6.4.4 Latvia Monolithic Microwave IC Market Revenues & Volume, By L Band, 2021-2031F |
6.4.5 Latvia Monolithic Microwave IC Market Revenues & Volume, By Ka Band, 2021-2031F |
6.4.6 Latvia Monolithic Microwave IC Market Revenues & Volume, By S Band, 2021-2031F |
6.4.7 Latvia Monolithic Microwave IC Market Revenues & Volume, By K Band, 2021-2031F |
6.4.8 Latvia Monolithic Microwave IC Market Revenues & Volume, By Ku Band, 2021-2031F |
6.4.9 Latvia Monolithic Microwave IC Market Revenues & Volume, By Ku Band, 2021-2031F |
6.5 Latvia Monolithic Microwave IC Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Latvia Monolithic Microwave IC Market Revenues & Volume, By Consumer/enterprise Electronics, 2021-2031F |
6.5.3 Latvia Monolithic Microwave IC Market Revenues & Volume, By Wireless Communication Infrastructure, 2021-2031F |
6.5.4 Latvia Monolithic Microwave IC Market Revenues & Volume, By Automotive, 2021-2031F |
6.5.5 Latvia Monolithic Microwave IC Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.5.6 Latvia Monolithic Microwave IC Market Revenues & Volume, By CATV and Wired Broadband, 2021-2031F |
6.5.7 Latvia Monolithic Microwave IC Market Revenues & Volume, By Test and Measurement, 2021-2031F |
7 Latvia Monolithic Microwave IC Market Import-Export Trade Statistics |
7.1 Latvia Monolithic Microwave IC Market Export to Major Countries |
7.2 Latvia Monolithic Microwave IC Market Imports from Major Countries |
8 Latvia Monolithic Microwave IC Market Key Performance Indicators |
8.1 Research and Development (RD) investment in Monolithic Microwave IC technologies. |
8.2 Adoption rate of Monolithic Microwave ICs in emerging applications and industries. |
8.3 Number of patents filed for innovative Monolithic Microwave IC designs. |
8.4 Efficiency improvement in Monolithic Microwave IC production processes. |
8.5 Rate of adoption of Monolithic Microwave ICs in critical infrastructure projects. |
9 Latvia Monolithic Microwave IC Market - Opportunity Assessment |
9.1 Latvia Monolithic Microwave IC Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Latvia Monolithic Microwave IC Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.3 Latvia Monolithic Microwave IC Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.4 Latvia Monolithic Microwave IC Market Opportunity Assessment, By Frequency Band, 2021 & 2031F |
9.5 Latvia Monolithic Microwave IC Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Monolithic Microwave IC Market - Competitive Landscape |
10.1 Latvia Monolithic Microwave IC Market Revenue Share, By Companies, 2024 |
10.2 Latvia Monolithic Microwave IC 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.
To discover high-growth global markets and optimize your business strategy:
Click Here