| Product Code: ETC5553051 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
The import shipments of traffic sensors in Latvia in 2024 saw a diverse range of suppliers, with top exporting countries including Denmark, Poland, Lithuania, Germany, and Estonia. The market remained fairly competitive with low concentration levels indicated by the Herfindahl-Hirschman Index (HHI). Despite a modest compound annual growth rate (CAGR) of 0.93% from 2020 to 2024, there was a slight decline in growth rate from 2023 to 2024 at -9.42%. This data suggests a dynamic market landscape for traffic sensor imports in Latvia, influenced by various factors impacting trade and technology trends.
| 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 Traffic Sensor Market Overview | 
| 3.1 Latvia Country Macro Economic Indicators | 
| 3.2 Latvia Traffic Sensor Market Revenues & Volume, 2021 & 2031F | 
| 3.3 Latvia Traffic Sensor Market - Industry Life Cycle | 
| 3.4 Latvia Traffic Sensor Market - Porter's Five Forces | 
| 3.5 Latvia Traffic Sensor Market Revenues & Volume Share, By Type , 2021 & 2031F | 
| 3.6 Latvia Traffic Sensor Market Revenues & Volume Share, By Technology, 2021 & 2031F | 
| 3.7 Latvia Traffic Sensor Market Revenues & Volume Share, By Application, 2021 & 2031F | 
| 4 Latvia Traffic Sensor Market Dynamics | 
| 4.1 Impact Analysis | 
| 4.2 Market Drivers | 
| 4.2.1 Increasing government investments in smart city infrastructure projects | 
| 4.2.2 Growing emphasis on traffic management and road safety measures | 
| 4.2.3 Technological advancements in sensor technology leading to more accurate and efficient solutions | 
| 4.3 Market Restraints | 
| 4.3.1 High initial investment costs associated with deploying traffic sensor systems | 
| 4.3.2 Lack of standardized regulations and policies governing the use of traffic sensors | 
| 4.3.3 Limited awareness and understanding of the benefits of traffic sensor systems among stakeholders | 
| 5 Latvia Traffic Sensor Market Trends | 
| 6 Latvia Traffic Sensor Market Segmentations | 
| 6.1 Latvia Traffic Sensor Market, By Type | 
| 6.1.1 Overview and Analysis | 
| 6.1.2 Latvia Traffic Sensor Market Revenues & Volume, By Piezoelectric? Sensors, 2021-2031F | 
| 6.1.3 Latvia Traffic Sensor Market Revenues & Volume, By Bending Plate Sensors, 2021-2031F | 
| 6.1.4 Latvia Traffic Sensor Market Revenues & Volume, By Inductive Loop Sensors, 2021-2031F | 
| 6.1.5 Latvia Traffic Sensor Market Revenues & Volume, By Magnetic Sensors, 2021-2031F | 
| 6.1.6 Latvia Traffic Sensor Market Revenues & Volume, By Acoustic Sensors, 2021-2031F | 
| 6.1.7 Latvia Traffic Sensor Market Revenues & Volume, By Infrared Sensors, 2021-2031F | 
| 6.1.9 Latvia Traffic Sensor Market Revenues & Volume, By Radar Sensors, 2021-2031F | 
| 6.1.10 Latvia Traffic Sensor Market Revenues & Volume, By Radar Sensors, 2021-2031F | 
| 6.2 Latvia Traffic Sensor Market, By Technology | 
| 6.2.1 Overview and Analysis | 
| 6.2.2 Latvia Traffic Sensor Market Revenues & Volume, By 2D Sensor, 2021-2031F | 
| 6.2.3 Latvia Traffic Sensor Market Revenues & Volume, By 3D Sensor, 2021-2031F | 
| 6.2.4 Latvia Traffic Sensor Market Revenues & Volume, By RFID, 2021-2031F | 
| 6.2.5 Latvia Traffic Sensor Market Revenues & Volume, By GSM, 2021-2031F | 
| 6.2.6 Latvia Traffic Sensor Market Revenues & Volume, By Others, 2021-2031F | 
| 6.3 Latvia Traffic Sensor Market, By Application | 
| 6.3.1 Overview and Analysis | 
| 6.3.2 Latvia Traffic Sensor Market Revenues & Volume, By Vehicle Measurement and Profiling, 2021-2031F | 
| 6.3.3 Latvia Traffic Sensor Market Revenues & Volume, By Weigh in Motion, 2021-2031F | 
| 6.3.4 Latvia Traffic Sensor Market Revenues & Volume, By Traffic Monitoring, 2021-2031F | 
| 6.3.5 Latvia Traffic Sensor Market Revenues & Volume, By Automated Tolling (E-Toll), 2021-2031F | 
| 7 Latvia Traffic Sensor Market Import-Export Trade Statistics | 
| 7.1 Latvia Traffic Sensor Market Export to Major Countries | 
| 7.2 Latvia Traffic Sensor Market Imports from Major Countries | 
| 8 Latvia Traffic Sensor Market Key Performance Indicators | 
| 8.1 Average daily traffic volume monitored by sensors | 
| 8.2 Percentage increase in traffic flow optimization achieved through sensor deployment | 
| 8.3 Reduction in average response time to traffic incidents due to sensor data analysis | 
| 9 Latvia Traffic Sensor Market - Opportunity Assessment | 
| 9.1 Latvia Traffic Sensor Market Opportunity Assessment, By Type , 2021 & 2031F | 
| 9.2 Latvia Traffic Sensor Market Opportunity Assessment, By Technology, 2021 & 2031F | 
| 9.3 Latvia Traffic Sensor Market Opportunity Assessment, By Application, 2021 & 2031F | 
| 10 Latvia Traffic Sensor Market - Competitive Landscape | 
| 10.1 Latvia Traffic Sensor Market Revenue Share, By Companies, 2024 | 
| 10.2 Latvia Traffic Sensor Market Competitive Benchmarking, By Operating and Technical Parameters | 
| 11 Company Profiles | 
| 12 Recommendations | 13 Disclaimer |