| Product Code: ETC4957895 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s radar systems import shipments saw a noteworthy shift in concentration levels from moderate to low in 2024. The top exporting countries to Latvia in 2024 include Netherlands, Canada, Hungary, Germany, and Sweden, showcasing a diverse range of sources. Despite a challenging CAGR of -9.65% from 2020 to 2024, the steep decrease in growth rate from 2023 to 2024 at -42.56% indicates a significant market adjustment. This data suggests a dynamic landscape for radar system imports in Latvia, with potential opportunities for market players to explore.

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 Radar Systems Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Radar Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Radar Systems Market - Industry Life Cycle |
3.4 Latvia Radar Systems Market - Porter's Five Forces |
3.5 Latvia Radar Systems Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Radar Systems Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Radar Systems Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Latvia Radar Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for advanced radar systems for defense and security purposes |
4.2.2 Technological advancements leading to the development of more sophisticated radar systems |
4.2.3 Growing investments in infrastructure projects and smart city initiatives driving the need for radar systems |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with radar systems |
4.3.2 Regulatory challenges and compliance requirements impacting market entry and operations |
4.3.3 Limited availability of skilled professionals in the radar systems industry |
5 Latvia Radar Systems Market Trends |
6 Latvia Radar Systems Market Segmentations |
6.1 Latvia Radar Systems Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Radar Systems Market Revenues & Volume, By Continuous Wave RADAR Systems, 2021-2031F |
6.1.3 Latvia Radar Systems Market Revenues & Volume, By Pulsated Wave RADAR Systems, 2021-2031F |
6.2 Latvia Radar Systems Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Radar Systems Market Revenues & Volume, By Airborne, 2021-2031F |
6.2.3 Latvia Radar Systems Market Revenues & Volume, By Land-based, 2021-2031F |
6.2.4 Latvia Radar Systems Market Revenues & Volume, By Naval, 2021-2031F |
6.3 Latvia Radar Systems Market, By End-user Industry |
6.3.1 Overview and Analysis |
6.3.2 Latvia Radar Systems Market Revenues & Volume, By Aviation, 2021-2031F |
6.3.3 Latvia Radar Systems Market Revenues & Volume, By Maritime Applications, 2021-2031F |
6.3.4 Latvia Radar Systems Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.5 Latvia Radar Systems Market Revenues & Volume, By Military & Defense, 2021-2031F |
7 Latvia Radar Systems Market Import-Export Trade Statistics |
7.1 Latvia Radar Systems Market Export to Major Countries |
7.2 Latvia Radar Systems Market Imports from Major Countries |
8 Latvia Radar Systems Market Key Performance Indicators |
8.1 Research and development investment in radar system technologies |
8.2 Number of government contracts awarded for radar system installations |
8.3 Adoption rate of radar systems in key industries such as defense, transportation, and meteorology |
9 Latvia Radar Systems Market - Opportunity Assessment |
9.1 Latvia Radar Systems Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Radar Systems Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Radar Systems Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Latvia Radar Systems Market - Competitive Landscape |
10.1 Latvia Radar Systems Market Revenue Share, By Companies, 2024 |
10.2 Latvia Radar Systems 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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