Latvia SMT Equipment Market (2025-2031) | Trends, Value, Competitive Landscape, Outlook, Forecast, Share, Industry, Companies, Size & Revenue, Analysis, Growth, Segmentation

Market Forecast By Equipment Type (Inspection Equipment, Placement Equipment, Soldering Equipment, Screen Printing Equipment, Cleaning Equipment, Others), By Component (Passive Surface-mount Devices, Transistor & Diodes, Integrated Circuits), By Application (Consumer Electronics, Telecommunication, Aerospace & Defense, Automotive, Medical, Industrial, Energy & Power Systems) And Competitive Landscape
Product Code: ETC7920868 Publication Date: Sep 2024 Updated Date: Nov 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Summon Dutta No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

Latvia Smt Equipment Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Latvia`s SMT equipment import shipments in 2024 were mainly sourced from neighboring countries such as Poland, Lithuania, and Estonia, as well as from Austria and Germany. Despite the negative Compound Annual Growth Rate (CAGR) of -9.59% from 2020 to 2024 and a steep decline in growth rate of -23.34% from 2023 to 2024, the Herfindahl-Hirschman Index (HHI) indicated low concentration in the market. This suggests a diverse import market for SMT equipment in Latvia, with opportunities for continued expansion and competition among suppliers.

Latvia Smt Equipment Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Latvia SMT Equipment Market Outlook
  • Market Size of Latvia SMT Equipment Market, 2024
  • Forecast of Latvia SMT Equipment Market, 2031
  • Historical Data and Forecast of Latvia SMT Equipment Revenues & Volume for the Period 2021- 2031
  • Latvia SMT Equipment Market Trend Evolution
  • Latvia SMT Equipment Market Drivers and Challenges
  • Latvia SMT Equipment Price Trends
  • Latvia SMT Equipment Porter's Five Forces
  • Latvia SMT Equipment Industry Life Cycle
  • Historical Data and Forecast of Latvia SMT Equipment Market Revenues & Volume By Equipment Type for the Period 2021- 2031
  • Historical Data and Forecast of Latvia SMT Equipment Market Revenues & Volume By Inspection Equipment for the Period 2021- 2031
  • Historical Data and Forecast of Latvia SMT Equipment Market Revenues & Volume By Placement Equipment for the Period 2021- 2031
  • Historical Data and Forecast of Latvia SMT Equipment Market Revenues & Volume By Soldering Equipment for the Period 2021- 2031
  • Historical Data and Forecast of Latvia SMT Equipment Market Revenues & Volume By Screen Printing Equipment for the Period 2021- 2031
  • Historical Data and Forecast of Latvia SMT Equipment Market Revenues & Volume By Cleaning Equipment for the Period 2021- 2031
  • Historical Data and Forecast of Latvia SMT Equipment Market Revenues & Volume By Others for the Period 2021- 2031
  • Historical Data and Forecast of Latvia SMT Equipment Market Revenues & Volume By Component for the Period 2021- 2031
  • Historical Data and Forecast of Latvia SMT Equipment Market Revenues & Volume By Passive Surface-mount Devices for the Period 2021- 2031
  • Historical Data and Forecast of Latvia SMT Equipment Market Revenues & Volume By Transistor & Diodes for the Period 2021- 2031
  • Historical Data and Forecast of Latvia SMT Equipment Market Revenues & Volume By Integrated Circuits for the Period 2021- 2031
  • Historical Data and Forecast of Latvia SMT Equipment Market Revenues & Volume By Application for the Period 2021- 2031
  • Historical Data and Forecast of Latvia SMT Equipment Market Revenues & Volume By Consumer Electronics for the Period 2021- 2031
  • Historical Data and Forecast of Latvia SMT Equipment Market Revenues & Volume By Telecommunication for the Period 2021- 2031
  • Historical Data and Forecast of Latvia SMT Equipment Market Revenues & Volume By Aerospace & Defense for the Period 2021- 2031
  • Historical Data and Forecast of Latvia SMT Equipment Market Revenues & Volume By Automotive for the Period 2021- 2031
  • Historical Data and Forecast of Latvia SMT Equipment Market Revenues & Volume By Medical for the Period 2021- 2031
  • Historical Data and Forecast of Latvia SMT Equipment Market Revenues & Volume By Industrial for the Period 2021- 2031
  • Historical Data and Forecast of Latvia SMT Equipment Market Revenues & Volume By Energy & Power Systems for the Period 2021- 2031
  • Latvia SMT Equipment Import Export Trade Statistics
  • Market Opportunity Assessment By Equipment Type
  • Market Opportunity Assessment By Component
  • Market Opportunity Assessment By Application
  • Latvia SMT Equipment Top Companies Market Share
  • Latvia SMT Equipment Competitive Benchmarking By Technical and Operational Parameters
  • Latvia SMT Equipment Company Profiles
  • Latvia SMT Equipment Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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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 SMT Equipment Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia SMT Equipment Market Revenues & Volume, 2021 & 2031F

3.3 Latvia SMT Equipment Market - Industry Life Cycle

3.4 Latvia SMT Equipment Market - Porter's Five Forces

3.5 Latvia SMT Equipment Market Revenues & Volume Share, By Equipment Type, 2021 & 2031F

3.6 Latvia SMT Equipment Market Revenues & Volume Share, By Component, 2021 & 2031F

3.7 Latvia SMT Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Latvia SMT Equipment Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for electronic products in Latvia

4.2.2 Growing adoption of automation and Industry 4.0 technologies in manufacturing processes

4.2.3 Government initiatives to support the electronics manufacturing industry in Latvia

4.3 Market Restraints

4.3.1 High initial investment cost for SMT equipment

4.3.2 Lack of skilled workforce in operating and maintaining SMT equipment in Latvia

5 Latvia SMT Equipment Market Trends

6 Latvia SMT Equipment Market, By Types

6.1 Latvia SMT Equipment Market, By Equipment Type

6.1.1 Overview and Analysis

6.1.2 Latvia SMT Equipment Market Revenues & Volume, By Equipment Type, 2021- 2031F

6.1.3 Latvia SMT Equipment Market Revenues & Volume, By Inspection Equipment, 2021- 2031F

6.1.4 Latvia SMT Equipment Market Revenues & Volume, By Placement Equipment, 2021- 2031F

6.1.5 Latvia SMT Equipment Market Revenues & Volume, By Soldering Equipment, 2021- 2031F

6.1.6 Latvia SMT Equipment Market Revenues & Volume, By Screen Printing Equipment, 2021- 2031F

6.1.7 Latvia SMT Equipment Market Revenues & Volume, By Cleaning Equipment, 2021- 2031F

6.1.8 Latvia SMT Equipment Market Revenues & Volume, By Others, 2021- 2031F

6.2 Latvia SMT Equipment Market, By Component

6.2.1 Overview and Analysis

6.2.2 Latvia SMT Equipment Market Revenues & Volume, By Passive Surface-mount Devices, 2021- 2031F

6.2.3 Latvia SMT Equipment Market Revenues & Volume, By Transistor & Diodes, 2021- 2031F

6.2.4 Latvia SMT Equipment Market Revenues & Volume, By Integrated Circuits, 2021- 2031F

6.3 Latvia SMT Equipment Market, By Application

6.3.1 Overview and Analysis

6.3.2 Latvia SMT Equipment Market Revenues & Volume, By Consumer Electronics, 2021- 2031F

6.3.3 Latvia SMT Equipment Market Revenues & Volume, By Telecommunication, 2021- 2031F

6.3.4 Latvia SMT Equipment Market Revenues & Volume, By Aerospace & Defense, 2021- 2031F

6.3.5 Latvia SMT Equipment Market Revenues & Volume, By Automotive, 2021- 2031F

6.3.6 Latvia SMT Equipment Market Revenues & Volume, By Medical, 2021- 2031F

6.3.7 Latvia SMT Equipment Market Revenues & Volume, By Industrial, 2021- 2031F

7 Latvia SMT Equipment Market Import-Export Trade Statistics

7.1 Latvia SMT Equipment Market Export to Major Countries

7.2 Latvia SMT Equipment Market Imports from Major Countries

8 Latvia SMT Equipment Market Key Performance Indicators

8.1 Percentage increase in the number of electronics manufacturing companies in Latvia

8.2 Adoption rate of automation and Industry 4.0 technologies in the manufacturing sector

8.3 Average time taken for companies to recover the initial investment cost of SMT equipment

8.4 Number of training programs or initiatives to upskill the workforce in operating SMT equipment in Latvia

8.5 Rate of utilization of SMT equipment in manufacturing processes

9 Latvia SMT Equipment Market - Opportunity Assessment

9.1 Latvia SMT Equipment Market Opportunity Assessment, By Equipment Type, 2021 & 2031F

9.2 Latvia SMT Equipment Market Opportunity Assessment, By Component, 2021 & 2031F

9.3 Latvia SMT Equipment Market Opportunity Assessment, By Application, 2021 & 2031F

10 Latvia SMT Equipment Market - Competitive Landscape

10.1 Latvia SMT Equipment Market Revenue Share, By Companies, 2024

10.2 Latvia SMT Equipment Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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