| Product Code: ETC5557041 | 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 |
Despite a decline in growth rate in 2024, Latvia`s motion sensor import market continues to be dominated by a few key players, with high Herfindahl-Hirschman Index (HHI) indicating concentrated market power. Estonia, Germany, Poland, Lithuania, and Metropolitan France are the top countries exporting motion sensors to Latvia, showcasing strong trade relationships. The modest Compound Annual Growth Rate (CAGR) of 3.54% from 2020 to 2024 suggests steady growth in the market, albeit with a slight downturn in the growth rate from 2023 to 2024. Monitoring these trends can provide valuable insights for market participants and policymakers.

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 Motion Sensor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Motion Sensor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Motion Sensor Market - Industry Life Cycle |
3.4 Latvia Motion Sensor Market - Porter's Five Forces |
3.5 Latvia Motion Sensor Market Revenues & Volume Share, By Motion Technology , 2021 & 2031F |
3.6 Latvia Motion Sensor Market Revenues & Volume Share, By Embedded Sensor, 2021 & 2031F |
3.7 Latvia Motion Sensor Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.8 Latvia Motion Sensor Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Motion Sensor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for smart homes and automation technologies in Latvia |
4.2.2 Growing awareness about energy efficiency and sustainability |
4.2.3 Technological advancements leading to the development of more sophisticated motion sensor products |
4.3 Market Restraints |
4.3.1 High initial investment cost associated with installing motion sensor systems |
4.3.2 Lack of standardization and interoperability among different motion sensor products |
4.3.3 Concerns regarding data privacy and security in relation to motion sensor usage |
5 Latvia Motion Sensor Market Trends |
6 Latvia Motion Sensor Market Segmentations |
6.1 Latvia Motion Sensor Market, By Motion Technology |
6.1.1 Overview and Analysis |
6.1.2 Latvia Motion Sensor Market Revenues & Volume, By Active, 2021-2031F |
6.1.3 Latvia Motion Sensor Market Revenues & Volume, By Microwave, 2021-2031F |
6.1.4 Latvia Motion Sensor Market Revenues & Volume, By Passive, 2021-2031F |
6.1.5 Latvia Motion Sensor Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Motion Sensor Market, By Embedded Sensor |
6.2.1 Overview and Analysis |
6.2.2 Latvia Motion Sensor Market Revenues & Volume, By MEMS Accelerometer, 2021-2031F |
6.2.3 Latvia Motion Sensor Market Revenues & Volume, By MEMS Gyroscope, 2021-2031F |
6.2.4 Latvia Motion Sensor Market Revenues & Volume, By MEMS Magnetometer, 2021-2031F |
6.2.5 Latvia Motion Sensor Market Revenues & Volume, By Sensor Combos, 2021-2031F |
6.3 Latvia Motion Sensor Market, By Function |
6.3.1 Overview and Analysis |
6.3.2 Latvia Motion Sensor Market Revenues & Volume, By Fully Automatic, 2021-2031F |
6.3.3 Latvia Motion Sensor Market Revenues & Volume, By Semi-Automatic, 2021-2031F |
6.4 Latvia Motion Sensor Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Motion Sensor Market Revenues & Volume, By Consumer electronics, 2021-2031F |
6.4.3 Latvia Motion Sensor Market Revenues & Volume, By Automotive application, 2021-2031F |
6.4.4 Latvia Motion Sensor Market Revenues & Volume, By Industrial application, 2021-2031F |
6.4.5 Latvia Motion Sensor Market Revenues & Volume, By Healthcare, 2021-2031F |
6.4.6 Latvia Motion Sensor Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.7 Latvia Motion Sensor Market Revenues & Volume, By Residential, 2021-2031F |
6.4.8 Latvia Motion Sensor Market Revenues & Volume, By Others, 2021-2031F |
6.4.9 Latvia Motion Sensor Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Motion Sensor Market Import-Export Trade Statistics |
7.1 Latvia Motion Sensor Market Export to Major Countries |
7.2 Latvia Motion Sensor Market Imports from Major Countries |
8 Latvia Motion Sensor Market Key Performance Indicators |
8.1 Adoption rate of smart home devices in Latvia |
8.2 Number of new residential and commercial construction projects integrating motion sensor technology |
8.3 Efficiency improvement percentage in energy consumption due to motion sensor implementation |
9 Latvia Motion Sensor Market - Opportunity Assessment |
9.1 Latvia Motion Sensor Market Opportunity Assessment, By Motion Technology , 2021 & 2031F |
9.2 Latvia Motion Sensor Market Opportunity Assessment, By Embedded Sensor, 2021 & 2031F |
9.3 Latvia Motion Sensor Market Opportunity Assessment, By Function, 2021 & 2031F |
9.4 Latvia Motion Sensor Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Motion Sensor Market - Competitive Landscape |
10.1 Latvia Motion Sensor Market Revenue Share, By Companies, 2024 |
10.2 Latvia Motion Sensor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |