| Product Code: ETC13072501 | 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 |
In 2024, Latvia saw an increase in the concentration of parking sensors imports, transitioning from low to moderate concentration. The top exporting countries to Latvia, namely Poland, Germany, Estonia, Netherlands, and Sweden, played a crucial role in shaping the market dynamics. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) of 4.2% over the period of 2020-2024 indicates steady expansion in the market. This data suggests a competitive landscape with potential opportunities for both local businesses and international players in the parking sensors 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 Parking Sensors Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Parking Sensors Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Parking Sensors Market - Industry Life Cycle |
3.4 Latvia Parking Sensors Market - Porter's Five Forces |
3.5 Latvia Parking Sensors Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Parking Sensors Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Latvia Parking Sensors Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Parking Sensors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of advanced driver assistance systems (ADAS) in vehicles |
4.2.2 Growing focus on enhancing safety and convenience in parking |
4.2.3 Government regulations mandating the use of parking sensors in vehicles |
4.3 Market Restraints |
4.3.1 High initial installation and maintenance costs |
4.3.2 Limited awareness and understanding of the benefits of parking sensors among consumers |
5 Latvia Parking Sensors Market Trends |
6 Latvia Parking Sensors Market, By Types |
6.1 Latvia Parking Sensors Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Parking Sensors Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Parking Sensors Market Revenues & Volume, By Ultrasonic Parking Sensors, 2021 - 2031F |
6.1.4 Latvia Parking Sensors Market Revenues & Volume, By Electromagnetic Parking Sensors, 2021 - 2031F |
6.1.5 Latvia Parking Sensors Market Revenues & Volume, By Camera-Based Parking Sensors, 2021 - 2031F |
6.1.6 Latvia Parking Sensors Market Revenues & Volume, By Infrared Parking Sensors, 2021 - 2031F |
6.2 Latvia Parking Sensors Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Latvia Parking Sensors Market Revenues & Volume, By Sound Wave Technology, 2021 - 2031F |
6.2.3 Latvia Parking Sensors Market Revenues & Volume, By Proximity Sensors, 2021 - 2031F |
6.2.4 Latvia Parking Sensors Market Revenues & Volume, By AI & Computer Vision, 2021 - 2031F |
6.2.5 Latvia Parking Sensors Market Revenues & Volume, By Heat Detection, 2021 - 2031F |
6.3 Latvia Parking Sensors Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Parking Sensors Market Revenues & Volume, By Automotive Industry, 2021 - 2031F |
6.3.3 Latvia Parking Sensors Market Revenues & Volume, By Smart Parking Systems, 2021 - 2031F |
6.3.4 Latvia Parking Sensors Market Revenues & Volume, By Transportation & Logistics, 2021 - 2031F |
6.3.5 Latvia Parking Sensors Market Revenues & Volume, By Public & Private Parking Facilities, 2021 - 2031F |
7 Latvia Parking Sensors Market Import-Export Trade Statistics |
7.1 Latvia Parking Sensors Market Export to Major Countries |
7.2 Latvia Parking Sensors Market Imports from Major Countries |
8 Latvia Parking Sensors Market Key Performance Indicators |
8.1 Average installation rate of parking sensors in new vehicles |
8.2 Number of parking sensor manufacturers entering the Latvian market |
8.3 Rate of technological advancements in parking sensor technology |
9 Latvia Parking Sensors Market - Opportunity Assessment |
9.1 Latvia Parking Sensors Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Parking Sensors Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Latvia Parking Sensors Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Parking Sensors Market - Competitive Landscape |
10.1 Latvia Parking Sensors Market Revenue Share, By Companies, 2024 |
10.2 Latvia Parking Sensors Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |