Latvia Smart Weapons Market (2025-2031) | Revenue, Growth, Share, Forecast, Trends, Segmentation, Companies, Outlook, Analysis, Size, Industry & Value

Name: Latvia Smart Weapons Market (2025-2031) | Analysis & Industry
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Smart Weapons Market, Latvia Smart Weapons Market, Latvia Smart Weapons Market Revenues, Latvia Smart Weapons Market Share, Latvia Smart Weapons Market Size, Latvia Smart Weapons Market Outlook, Latvia Smart Weapons Market Report, Latvia Smart Weapons Market Competition, Latvia Smart Weapons Market Overview, Latvia Smart Weapons Market Trends, Latvia Smart Weapons Market Forecast

Market Forecast By Product (Missiles, Munitions, Guided Projectiles, Guided Rockets, Guided Firearms, Directed Energy Weapons), By Technology (Laser, Infrared, Radar, GPS, Others), By Platform (Air, Land, Naval) And Competitive Landscape

Product Code: ETC5408233	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

Latvia Smart Weapons Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Latvia saw a significant influx of smart weapons imports, with top exporters being Sweden, Slovakia, UK, Spain, and the Netherlands. Despite high concentration levels indicated by the Herfindahl-Hirschman Index (HHI), the market experienced a positive compound annual growth rate (CAGR) of 5.69% from 2020 to 2024. However, there was a notable decline in growth from 2023 to 2024, with a rate of -32.98%. This fluctuation may warrant further investigation into factors influencing the market dynamics in Latvia`s smart weapons import sector.

Latvia Smart Weapons Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Latvia Smart Weapons Market Outlook
Market Size of Latvia Smart Weapons Market, 2024
Forecast of Latvia Smart Weapons Market, 2031
Historical Data and Forecast of Latvia Smart Weapons Revenues & Volume for the Period 2021-2031
Latvia Smart Weapons Market Trend Evolution
Latvia Smart Weapons Market Drivers and Challenges
Latvia Smart Weapons Price Trends
Latvia Smart Weapons Porter`s Five Forces
Latvia Smart Weapons Industry Life Cycle
Historical Data and Forecast of Latvia Smart Weapons Market Revenues & Volume By Product for the Period 2021-2031
Historical Data and Forecast of Latvia Smart Weapons Market Revenues & Volume By Missiles for the Period 2021-2031
Historical Data and Forecast of Latvia Smart Weapons Market Revenues & Volume By Munitions for the Period 2021-2031
Historical Data and Forecast of Latvia Smart Weapons Market Revenues & Volume By Guided Projectiles for the Period 2021-2031
Historical Data and Forecast of Latvia Smart Weapons Market Revenues & Volume By Guided Rockets for the Period 2021-2031
Historical Data and Forecast of Latvia Smart Weapons Market Revenues & Volume By Guided Firearms for the Period 2021-2031
Historical Data and Forecast of Latvia Smart Weapons Market Revenues & Volume By Directed Energy Weapons for the Period 2021-2031
Historical Data and Forecast of Latvia Smart Weapons Market Revenues & Volume By Technology for the Period 2021-2031
Historical Data and Forecast of Latvia Smart Weapons Market Revenues & Volume By Laser for the Period 2021-2031
Historical Data and Forecast of Latvia Smart Weapons Market Revenues & Volume By Infrared for the Period 2021-2031
Historical Data and Forecast of Latvia Smart Weapons Market Revenues & Volume By Radar for the Period 2021-2031
Historical Data and Forecast of Latvia Smart Weapons Market Revenues & Volume By GPS for the Period 2021-2031
Historical Data and Forecast of Latvia Smart Weapons Market Revenues & Volume By Others for the Period 2021-2031
Historical Data and Forecast of Latvia Smart Weapons Market Revenues & Volume By Platform for the Period 2021-2031
Historical Data and Forecast of Latvia Smart Weapons Market Revenues & Volume By Air for the Period 2021-2031
Historical Data and Forecast of Latvia Smart Weapons Market Revenues & Volume By Land for the Period 2021-2031
Historical Data and Forecast of Latvia Smart Weapons Market Revenues & Volume By Naval for the Period 2021-2031
Latvia Smart Weapons Import Export Trade Statistics
Market Opportunity Assessment By Product
Market Opportunity Assessment By Technology
Market Opportunity Assessment By Platform
Latvia Smart Weapons Top Companies Market Share
Latvia Smart Weapons Competitive Benchmarking By Technical and Operational Parameters
Latvia Smart Weapons Company Profiles
Latvia Smart Weapons Key Strategic Recommendations

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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 Smart Weapons Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Smart Weapons Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Smart Weapons Market - Industry Life Cycle

3.4 Latvia Smart Weapons Market - Porter's Five Forces

3.5 Latvia Smart Weapons Market Revenues & Volume Share, By Product, 2021 & 2031F

3.6 Latvia Smart Weapons Market Revenues & Volume Share, By Technology, 2021 & 2031F

3.7 Latvia Smart Weapons Market Revenues & Volume Share, By Platform, 2021 & 2031F

4 Latvia Smart Weapons Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing defense budget of Latvia for modernization and procurement of advanced weaponry.

4.2.2 Rising security concerns and geopolitical tensions in the region, driving the demand for smart weapons.

4.2.3 Technological advancements in smart weapons, making them more accurate, efficient, and versatile.

4.3 Market Restraints

4.3.1 Stringent regulations and export controls on smart weapons, limiting their trade and deployment.

4.3.2 High initial investment and maintenance costs associated with smart weapons technology.

4.3.3 Concerns over the ethical and humanitarian implications of using advanced weaponry.

5 Latvia Smart Weapons Market Trends

6 Latvia Smart Weapons Market Segmentations

6.1 Latvia Smart Weapons Market, By Product

6.1.1 Overview and Analysis

6.1.2 Latvia Smart Weapons Market Revenues & Volume, By Missiles, 2021-2031F

6.1.3 Latvia Smart Weapons Market Revenues & Volume, By Munitions, 2021-2031F

6.1.4 Latvia Smart Weapons Market Revenues & Volume, By Guided Projectiles, 2021-2031F

6.1.5 Latvia Smart Weapons Market Revenues & Volume, By Guided Rockets, 2021-2031F

6.1.6 Latvia Smart Weapons Market Revenues & Volume, By Guided Firearms, 2021-2031F

6.1.7 Latvia Smart Weapons Market Revenues & Volume, By Directed Energy Weapons, 2021-2031F

6.2 Latvia Smart Weapons Market, By Technology

6.2.1 Overview and Analysis

6.2.2 Latvia Smart Weapons Market Revenues & Volume, By Laser, 2021-2031F

6.2.3 Latvia Smart Weapons Market Revenues & Volume, By Infrared, 2021-2031F

6.2.4 Latvia Smart Weapons Market Revenues & Volume, By Radar, 2021-2031F

6.2.5 Latvia Smart Weapons Market Revenues & Volume, By GPS, 2021-2031F

6.2.6 Latvia Smart Weapons Market Revenues & Volume, By Others, 2021-2031F

6.3 Latvia Smart Weapons Market, By Platform

6.3.1 Overview and Analysis

6.3.2 Latvia Smart Weapons Market Revenues & Volume, By Air, 2021-2031F

6.3.3 Latvia Smart Weapons Market Revenues & Volume, By Land, 2021-2031F

6.3.4 Latvia Smart Weapons Market Revenues & Volume, By Naval, 2021-2031F

7 Latvia Smart Weapons Market Import-Export Trade Statistics

7.1 Latvia Smart Weapons Market Export to Major Countries

7.2 Latvia Smart Weapons Market Imports from Major Countries

8 Latvia Smart Weapons Market Key Performance Indicators

8.1 Research and development investment in smart weapons technology.

8.2 Adoption rate of smart weapons by the Latvian military.

8.3 Number of successful smart weapons tests and demonstrations conducted in Latvia.

8.4 Rate of integration of smart weapons systems into the overall defense strategy of Latvia.

8.5 Level of collaboration and partnerships between Latvian defense industry and international smart weapons manufacturers.

9 Latvia Smart Weapons Market - Opportunity Assessment

9.1 Latvia Smart Weapons Market Opportunity Assessment, By Product, 2021 & 2031F

9.2 Latvia Smart Weapons Market Opportunity Assessment, By Technology, 2021 & 2031F

9.3 Latvia Smart Weapons Market Opportunity Assessment, By Platform, 2021 & 2031F

10 Latvia Smart Weapons Market - Competitive Landscape

10.1 Latvia Smart Weapons Market Revenue Share, By Companies, 2024

10.2 Latvia Smart Weapons Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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