| Product Code: ETC10871797 | Publication Date: Apr 2025 | Updated Date: Apr 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
Latvia saw a significant import of surface-to-air missiles in 2024, with top exporters being Switzerland, Sweden, Italy, Germany, and the USA. The high concentration of the Herfindahl-Hirschman Index (HHI) indicates limited market competition. Despite a negative compound annual growth rate (CAGR) from 2020-24, there was a notable growth rate of 9.41% from 2023-24. This suggests a potential uptrend in Latvia`s surface-to-air missile imports, highlighting evolving defense strategies and geopolitical considerations in the region.

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 Surface to Air Missiles Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Surface to Air Missiles Market Revenues & Volume, 2022 & 2032F |
3.3 Latvia Surface to Air Missiles Market - Industry Life Cycle |
3.4 Latvia Surface to Air Missiles Market - Porter's Five Forces |
3.5 Latvia Surface to Air Missiles Market Revenues & Volume Share, By Range, 2022 & 2032F |
3.6 Latvia Surface to Air Missiles Market Revenues & Volume Share, By Platform, 2022 & 2032F |
3.7 Latvia Surface to Air Missiles Market Revenues & Volume Share, By Guidance System, 2022 & 2032F |
3.8 Latvia Surface to Air Missiles Market Revenues & Volume Share, By Propulsion Type, 2022 & 2032F |
3.9 Latvia Surface to Air Missiles Market Revenues & Volume Share, By Warhead Type, 2022 & 2032F |
4 Latvia Surface to Air Missiles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing defense budget of Latvia |
4.2.2 Growing security concerns in the region |
4.2.3 Technological advancements in surface to air missile systems |
4.3 Market Restraints |
4.3.1 Regulatory restrictions on arms trade |
4.3.2 Budget constraints for defense procurements |
5 Latvia Surface to Air Missiles Market Trends |
6 Latvia Surface to Air Missiles Market, By Types |
6.1 Latvia Surface to Air Missiles Market, By Range |
6.1.1 Overview and Analysis |
6.1.2 Latvia Surface to Air Missiles Market Revenues & Volume, By Range, 2022 - 2032F |
6.1.3 Latvia Surface to Air Missiles Market Revenues & Volume, By ShortRange, 2022 - 2032F |
6.1.4 Latvia Surface to Air Missiles Market Revenues & Volume, By MediumRange, 2022 - 2032F |
6.1.5 Latvia Surface to Air Missiles Market Revenues & Volume, By LongRange, 2022 - 2032F |
6.2 Latvia Surface to Air Missiles Market, By Platform |
6.2.1 Overview and Analysis |
6.2.2 Latvia Surface to Air Missiles Market Revenues & Volume, By LandBased, 2022 - 2032F |
6.2.3 Latvia Surface to Air Missiles Market Revenues & Volume, By Naval, 2022 - 2032F |
6.2.4 Latvia Surface to Air Missiles Market Revenues & Volume, By Airborne, 2022 - 2032F |
6.3 Latvia Surface to Air Missiles Market, By Guidance System |
6.3.1 Overview and Analysis |
6.3.2 Latvia Surface to Air Missiles Market Revenues & Volume, By Infrared Homing, 2022 - 2032F |
6.3.3 Latvia Surface to Air Missiles Market Revenues & Volume, By Radar Homing, 2022 - 2032F |
6.3.4 Latvia Surface to Air Missiles Market Revenues & Volume, By Command Guidance, 2022 - 2032F |
6.4 Latvia Surface to Air Missiles Market, By Propulsion Type |
6.4.1 Overview and Analysis |
6.4.2 Latvia Surface to Air Missiles Market Revenues & Volume, By Solid Fuel, 2022 - 2032F |
6.4.3 Latvia Surface to Air Missiles Market Revenues & Volume, By Liquid Fuel, 2022 - 2032F |
6.4.4 Latvia Surface to Air Missiles Market Revenues & Volume, By Hybrid Fuel, 2022 - 2032F |
6.5 Latvia Surface to Air Missiles Market, By Warhead Type |
6.5.1 Overview and Analysis |
6.5.2 Latvia Surface to Air Missiles Market Revenues & Volume, By Fragmentation, 2022 - 2032F |
6.5.3 Latvia Surface to Air Missiles Market Revenues & Volume, By BlastFragmentation, 2022 - 2032F |
6.5.4 Latvia Surface to Air Missiles Market Revenues & Volume, By HighExplosive, 2022 - 2032F |
7 Latvia Surface to Air Missiles Market Import-Export Trade Statistics |
7.1 Latvia Surface to Air Missiles Market Export to Major Countries |
7.2 Latvia Surface to Air Missiles Market Imports from Major Countries |
8 Latvia Surface to Air Missiles Market Key Performance Indicators |
8.1 Number of successful missile tests conducted by Latvia |
8.2 Investment in research and development for missile systems |
8.3 Number of collaborations with international defense companies for missile technology development |
9 Latvia Surface to Air Missiles Market - Opportunity Assessment |
9.1 Latvia Surface to Air Missiles Market Opportunity Assessment, By Range, 2022 & 2032F |
9.2 Latvia Surface to Air Missiles Market Opportunity Assessment, By Platform, 2022 & 2032F |
9.3 Latvia Surface to Air Missiles Market Opportunity Assessment, By Guidance System, 2022 & 2032F |
9.4 Latvia Surface to Air Missiles Market Opportunity Assessment, By Propulsion Type, 2022 & 2032F |
9.5 Latvia Surface to Air Missiles Market Opportunity Assessment, By Warhead Type, 2022 & 2032F |
10 Latvia Surface to Air Missiles Market - Competitive Landscape |
10.1 Latvia Surface to Air Missiles Market Revenue Share, By Companies, 2025 |
10.2 Latvia Surface to Air Missiles 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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