| Product Code: ETC5140903 | 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 two-way radio equipment in Latvia have shown significant growth in 2024, with the top exporting countries being the USA, Lithuania, Sweden, Germany, and Netherlands. The market concentration, as measured by the HHI, has increased from moderate to very high in just one year, indicating a more consolidated market landscape. The impressive CAGR of 16.56% from 2020 to 2024, coupled with a remarkable growth rate of 85.55% from 2023 to 2024, highlights the strong demand for two-way radio equipment in Latvia and the growing importance of these imports in the market.
| 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 Two-way Radio Equipment Market Overview | 
| 3.1 Latvia Country Macro Economic Indicators | 
| 3.2 Latvia Two-way Radio Equipment Market Revenues & Volume, 2021 & 2031F | 
| 3.3 Latvia Two-way Radio Equipment Market - Industry Life Cycle | 
| 3.4 Latvia Two-way Radio Equipment Market - Porter's Five Forces | 
| 3.5 Latvia Two-way Radio Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F | 
| 3.6 Latvia Two-way Radio Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F | 
| 4 Latvia Two-way Radio Equipment Market Dynamics | 
| 4.1 Impact Analysis | 
| 4.2 Market Drivers | 
| 4.2.1 Increasing demand for secure and reliable communication solutions in industries such as public safety, transportation, and construction. | 
| 4.2.2 Technological advancements leading to the development of more efficient and feature-rich two-way radio equipment. | 
| 4.2.3 Growing emphasis on worker safety and communication efficiency in hazardous work environments. | 
| 4.3 Market Restraints | 
| 4.3.1 High initial investment required for purchasing two-way radio equipment and associated infrastructure. | 
| 4.3.2 Increasing competition from alternative communication technologies such as mobile phones and internet-based communication platforms. | 
| 4.3.3 Limited frequency spectrum availability for two-way radio operations, leading to potential interference issues. | 
| 5 Latvia Two-way Radio Equipment Market Trends | 
| 6 Latvia Two-way Radio Equipment Market Segmentations | 
| 6.1 Latvia Two-way Radio Equipment Market, By Type | 
| 6.1.1 Overview and Analysis | 
| 6.1.2 Latvia Two-way Radio Equipment Market Revenues & Volume, By Analog Walkie Talkie, 2021-2031F | 
| 6.1.3 Latvia Two-way Radio Equipment Market Revenues & Volume, By Digital Walkie Talkie, 2021-2031F | 
| 6.2 Latvia Two-way Radio Equipment Market, By Application | 
| 6.2.1 Overview and Analysis | 
| 6.2.2 Latvia Two-way Radio Equipment Market Revenues & Volume, By Government and Public Safety, 2021-2031F | 
| 6.2.3 Latvia Two-way Radio Equipment Market Revenues & Volume, By Utilities, 2021-2031F | 
| 6.2.4 Latvia Two-way Radio Equipment Market Revenues & Volume, By Industry and Commerce, 2021-2031F | 
| 6.2.5 Latvia Two-way Radio Equipment Market Revenues & Volume, By Others, 2021-2031F | 
| 7 Latvia Two-way Radio Equipment Market Import-Export Trade Statistics | 
| 7.1 Latvia Two-way Radio Equipment Market Export to Major Countries | 
| 7.2 Latvia Two-way Radio Equipment Market Imports from Major Countries | 
| 8 Latvia Two-way Radio Equipment Market Key Performance Indicators | 
| 8.1 Average response time for communication setup and transmission. | 
| 8.2 Percentage increase in the adoption of digital two-way radio systems. | 
| 8.3 Average lifespan of two-way radio equipment before requiring replacement or upgrade. | 
| 9 Latvia Two-way Radio Equipment Market - Opportunity Assessment | 
| 9.1 Latvia Two-way Radio Equipment Market Opportunity Assessment, By Type, 2021 & 2031F | 
| 9.2 Latvia Two-way Radio Equipment Market Opportunity Assessment, By Application, 2021 & 2031F | 
| 10 Latvia Two-way Radio Equipment Market - Competitive Landscape | 
| 10.1 Latvia Two-way Radio Equipment Market Revenue Share, By Companies, 2024 | 
| 10.2 Latvia Two-way Radio Equipment Market Competitive Benchmarking, By Operating and Technical Parameters | 
| 11 Company Profiles | 
| 12 Recommendations | 13 Disclaimer |