| Product Code: ETC5845651 | 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`s target acquisition systems import market saw significant growth with a high Herfindahl-Hirschman Index (HHI) indicating concentration among top exporters like China, Germany, and others. Despite a strong compound annual growth rate (CAGR) from 2020 to 2024, there was a slight decline in growth rate in 2024. The presence of key exporters like China and Germany highlights the competitive landscape in the target acquisition systems sector in Latvia.

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 Target Acquisition Systems Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Target Acquisition Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Target Acquisition Systems Market - Industry Life Cycle |
3.4 Latvia Target Acquisition Systems Market - Porter's Five Forces |
3.5 Latvia Target Acquisition Systems Market Revenues & Volume Share, By Subsystem, 2021 & 2031F |
3.6 Latvia Target Acquisition Systems Market Revenues & Volume Share, By Platform, 2021 & 2031F |
3.7 Latvia Target Acquisition Systems Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.8 Latvia Target Acquisition Systems Market Revenues & Volume Share, By Range, 2021 & 2031F |
4 Latvia Target Acquisition Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing defense budget in Latvia |
4.2.2 Growing focus on modernizing defense capabilities |
4.2.3 Rising geopolitical tensions in the region |
4.3 Market Restraints |
4.3.1 Technological complexities and high costs associated with advanced target acquisition systems |
4.3.2 Regulatory challenges and export restrictions |
4.3.3 Limited availability of skilled workforce in the defense sector |
5 Latvia Target Acquisition Systems Market Trends |
6 Latvia Target Acquisition Systems Market Segmentations |
6.1 Latvia Target Acquisition Systems Market, By Subsystem |
6.1.1 Overview and Analysis |
6.1.2 Latvia Target Acquisition Systems Market Revenues & Volume, By Cameras, 2021-2031F |
6.1.3 Latvia Target Acquisition Systems Market Revenues & Volume, By Scopes & Sights, 2021-2031F |
6.1.4 Latvia Target Acquisition Systems Market Revenues & Volume, By Detecting & Locating Systems, 2021-2031F |
6.1.5 Latvia Target Acquisition Systems Market Revenues & Volume, By Modules, 2021-2031F |
6.2 Latvia Target Acquisition Systems Market, By Platform |
6.2.1 Overview and Analysis |
6.2.2 Latvia Target Acquisition Systems Market Revenues & Volume, By Land, 2021-2031F |
6.2.3 Latvia Target Acquisition Systems Market Revenues & Volume, By Airborne, 2021-2031F |
6.2.4 Latvia Target Acquisition Systems Market Revenues & Volume, By Naval, 2021-2031F |
6.3 Latvia Target Acquisition Systems Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Target Acquisition Systems Market Revenues & Volume, By Military, 2021-2031F |
6.3.3 Latvia Target Acquisition Systems Market Revenues & Volume, By Homeland Security, 2021-2031F |
6.4 Latvia Target Acquisition Systems Market, By Range |
6.4.1 Overview and Analysis |
6.4.2 Latvia Target Acquisition Systems Market Revenues & Volume, By Short Range (0? ??8 km), 2021-2031F |
6.4.3 Latvia Target Acquisition Systems Market Revenues & Volume, By Medium Range (8? ??250 km), 2021-2031F |
6.4.4 Latvia Target Acquisition Systems Market Revenues & Volume, By Long Range (Above 250 km), 2021-2031F |
7 Latvia Target Acquisition Systems Market Import-Export Trade Statistics |
7.1 Latvia Target Acquisition Systems Market Export to Major Countries |
7.2 Latvia Target Acquisition Systems Market Imports from Major Countries |
8 Latvia Target Acquisition Systems Market Key Performance Indicators |
8.1 Percentage of defense budget allocated to target acquisition systems |
8.2 Number of procurement contracts awarded for target acquisition systems |
8.3 Rate of adoption of next-generation target acquisition technologies |
8.4 Level of collaboration between local defense firms and international partners |
8.5 Investment in research and development for target acquisition systems |
9 Latvia Target Acquisition Systems Market - Opportunity Assessment |
9.1 Latvia Target Acquisition Systems Market Opportunity Assessment, By Subsystem, 2021 & 2031F |
9.2 Latvia Target Acquisition Systems Market Opportunity Assessment, By Platform, 2021 & 2031F |
9.3 Latvia Target Acquisition Systems Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.4 Latvia Target Acquisition Systems Market Opportunity Assessment, By Range, 2021 & 2031F |
10 Latvia Target Acquisition Systems Market - Competitive Landscape |
10.1 Latvia Target Acquisition Systems Market Revenue Share, By Companies, 2024 |
10.2 Latvia Target Acquisition 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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