| Product Code: ETC10291381 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Latvia continued to see a steady increase in solid state pressure sensor import shipments, with top exporting countries including Germany, Poland, Finland, Belgium, and Canada. The market remained relatively competitive with low concentration, indicated by the Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 was a promising 12.19%, although there was a slight decline in growth rate from 2023 to 2024 at -2.22%. Overall, the solid state pressure sensor market in Latvia shows resilience and potential for further expansion.

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 Solid State Pressure Sensor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Solid State Pressure Sensor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Solid State Pressure Sensor Market - Industry Life Cycle |
3.4 Latvia Solid State Pressure Sensor Market - Porter's Five Forces |
3.5 Latvia Solid State Pressure Sensor Market Revenues & Volume Share, By Sensor Type, 2021 & 2031F |
3.6 Latvia Solid State Pressure Sensor Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Solid State Pressure Sensor Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.8 Latvia Solid State Pressure Sensor Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Latvia Solid State Pressure Sensor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Solid State Pressure Sensor Market Trends |
6 Latvia Solid State Pressure Sensor Market, By Types |
6.1 Latvia Solid State Pressure Sensor Market, By Sensor Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Solid State Pressure Sensor Market Revenues & Volume, By Sensor Type, 2021 - 2031F |
6.1.3 Latvia Solid State Pressure Sensor Market Revenues & Volume, By Piezoresistive, 2021 - 2031F |
6.1.4 Latvia Solid State Pressure Sensor Market Revenues & Volume, By Capacitive, 2021 - 2031F |
6.1.5 Latvia Solid State Pressure Sensor Market Revenues & Volume, By Optical, 2021 - 2031F |
6.1.6 Latvia Solid State Pressure Sensor Market Revenues & Volume, By Resonant, 2021 - 2031F |
6.2 Latvia Solid State Pressure Sensor Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Solid State Pressure Sensor Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.2.3 Latvia Solid State Pressure Sensor Market Revenues & Volume, By Industrial Automation, 2021 - 2031F |
6.2.4 Latvia Solid State Pressure Sensor Market Revenues & Volume, By Consumer Electronics, 2021 - 2031F |
6.2.5 Latvia Solid State Pressure Sensor Market Revenues & Volume, By Medical Devices, 2021 - 2031F |
6.3 Latvia Solid State Pressure Sensor Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Solid State Pressure Sensor Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.3.3 Latvia Solid State Pressure Sensor Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.3.4 Latvia Solid State Pressure Sensor Market Revenues & Volume, By Consumer Electronics, 2021 - 2031F |
6.3.5 Latvia Solid State Pressure Sensor Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.4 Latvia Solid State Pressure Sensor Market, By Technology |
6.4.1 Overview and Analysis |
6.4.2 Latvia Solid State Pressure Sensor Market Revenues & Volume, By MEMS, 2021 - 2031F |
6.4.3 Latvia Solid State Pressure Sensor Market Revenues & Volume, By Optical, 2021 - 2031F |
6.4.4 Latvia Solid State Pressure Sensor Market Revenues & Volume, By Silicon based, 2021 - 2031F |
6.4.5 Latvia Solid State Pressure Sensor Market Revenues & Volume, By Others, 2021 - 2031F |
7 Latvia Solid State Pressure Sensor Market Import-Export Trade Statistics |
7.1 Latvia Solid State Pressure Sensor Market Export to Major Countries |
7.2 Latvia Solid State Pressure Sensor Market Imports from Major Countries |
8 Latvia Solid State Pressure Sensor Market Key Performance Indicators |
9 Latvia Solid State Pressure Sensor Market - Opportunity Assessment |
9.1 Latvia Solid State Pressure Sensor Market Opportunity Assessment, By Sensor Type, 2021 & 2031F |
9.2 Latvia Solid State Pressure Sensor Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Solid State Pressure Sensor Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.4 Latvia Solid State Pressure Sensor Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Latvia Solid State Pressure Sensor Market - Competitive Landscape |
10.1 Latvia Solid State Pressure Sensor Market Revenue Share, By Companies, 2024 |
10.2 Latvia Solid State Pressure Sensor 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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