| Product Code: ETC7923695 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s import shipments of ultrasonic motion sensors saw a decline in growth rate from 2023 to 2024, with a notable decrease of -23.33%. However, the market remained competitive and diverse, with top exporting countries including the UK, Germany, USA, Finland, and Metropolitan France. The low concentration of the Herfindahl-Hirschman Index (HHI) in 2023 further decreased to very low concentration in 2024, indicating a spread of imports across multiple sources. With a strong compound annual growth rate (CAGR) of 12.67% from 2020 to 2024, the market for ultrasonic motion sensors in Latvia shows promising 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 Ultrasonic Motion Sensor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Ultrasonic Motion Sensor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Ultrasonic Motion Sensor Market - Industry Life Cycle |
3.4 Latvia Ultrasonic Motion Sensor Market - Porter's Five Forces |
3.5 Latvia Ultrasonic Motion Sensor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Ultrasonic Motion Sensor Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Ultrasonic Motion Sensor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for smart home automation solutions in Latvia |
4.2.2 Growing focus on energy efficiency and sustainability |
4.2.3 Technological advancements in ultrasonic motion sensor technology |
4.3 Market Restraints |
4.3.1 High initial investment cost for ultrasonic motion sensor systems |
4.3.2 Lack of awareness and understanding among consumers about the benefits of ultrasonic motion sensors |
4.3.3 Limited availability of skilled professionals for installation and maintenance of ultrasonic motion sensor systems |
5 Latvia Ultrasonic Motion Sensor Market Trends |
6 Latvia Ultrasonic Motion Sensor Market, By Types |
6.1 Latvia Ultrasonic Motion Sensor Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Ultrasonic Motion Sensor Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Ultrasonic Motion Sensor Market Revenues & Volume, By Proximity Detection, 2021- 2031F |
6.1.4 Latvia Ultrasonic Motion Sensor Market Revenues & Volume, By Ranging Measurement, 2021- 2031F |
6.2 Latvia Ultrasonic Motion Sensor Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Ultrasonic Motion Sensor Market Revenues & Volume, By Industry Application, 2021- 2031F |
6.2.3 Latvia Ultrasonic Motion Sensor Market Revenues & Volume, By Automobile, 2021- 2031F |
6.2.4 Latvia Ultrasonic Motion Sensor Market Revenues & Volume, By Household Applicance, 2021- 2031F |
6.2.5 Latvia Ultrasonic Motion Sensor Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Ultrasonic Motion Sensor Market Import-Export Trade Statistics |
7.1 Latvia Ultrasonic Motion Sensor Market Export to Major Countries |
7.2 Latvia Ultrasonic Motion Sensor Market Imports from Major Countries |
8 Latvia Ultrasonic Motion Sensor Market Key Performance Indicators |
8.1 Average energy savings achieved by households/businesses using ultrasonic motion sensors |
8.2 Number of new smart home automation projects incorporating ultrasonic motion sensors |
8.3 Rate of adoption of ultrasonic motion sensor technology in commercial buildings and public spaces |
9 Latvia Ultrasonic Motion Sensor Market - Opportunity Assessment |
9.1 Latvia Ultrasonic Motion Sensor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Ultrasonic Motion Sensor Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Ultrasonic Motion Sensor Market - Competitive Landscape |
10.1 Latvia Ultrasonic Motion Sensor Market Revenue Share, By Companies, 2024 |
10.2 Latvia Ultrasonic Motion Sensor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |