| Product Code: ETC5845518 | 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 import of weapon mounts in 2024 saw significant contributions from Lithuania, Poland, Sweden, Germany, and China. Despite the presence of multiple exporting countries, the Herfindahl-Hirschman Index (HHI) indicated low market concentration. The compound annual growth rate (CAGR) from 2020 to 2024 was a healthy 4.75%, although there was a slight decline with a growth rate of -10.21% from 2023 to 2024. This data suggests a relatively stable and diverse market for weapon mounts in Latvia with room for potential growth and market expansion in the coming years.

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 Weapon Mounts Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Weapon Mounts Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Weapon Mounts Market - Industry Life Cycle |
3.4 Latvia Weapon Mounts Market - Porter's Five Forces |
3.5 Latvia Weapon Mounts Market Revenues & Volume Share, By Mount Type, 2021 & 2031F |
3.6 Latvia Weapon Mounts Market Revenues & Volume Share, By Platform, 2021 & 2031F |
3.7 Latvia Weapon Mounts Market Revenues & Volume Share, By Weapon Compatibility, 2021 & 2031F |
3.8 Latvia Weapon Mounts Market Revenues & Volume Share, By Mode of Operation, 2021 & 2031F |
4 Latvia Weapon Mounts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing defense budget of Latvia government |
4.2.2 Rising demand for advanced weapon systems in the military sector |
4.2.3 Growing focus on enhancing national security and defense capabilities |
4.3 Market Restraints |
4.3.1 Stringent regulations and export controls on weapon mounts |
4.3.2 High costs associated with the development and procurement of weapon mounts |
4.3.3 Limited technological expertise and infrastructure in the domestic market |
5 Latvia Weapon Mounts Market Trends |
6 Latvia Weapon Mounts Market Segmentations |
6.1 Latvia Weapon Mounts Market, By Mount Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Weapon Mounts Market Revenues & Volume, By Static Mounts, 2021-2031F |
6.1.3 Latvia Weapon Mounts Market Revenues & Volume, By Non-static Mounts, 2021-2031F |
6.2 Latvia Weapon Mounts Market, By Platform |
6.2.1 Overview and Analysis |
6.2.2 Latvia Weapon Mounts Market Revenues & Volume, By Ground, 2021-2031F |
6.2.3 Latvia Weapon Mounts Market Revenues & Volume, By Naval, 2021-2031F |
6.2.4 Latvia Weapon Mounts Market Revenues & Volume, By Airborne, 2021-2031F |
6.3 Latvia Weapon Mounts Market, By Weapon Compatibility |
6.3.1 Overview and Analysis |
6.3.2 Latvia Weapon Mounts Market Revenues & Volume, By Machine guns, 2021-2031F |
6.3.3 Latvia Weapon Mounts Market Revenues & Volume, By Automatic canons, 2021-2031F |
6.3.4 Latvia Weapon Mounts Market Revenues & Volume, By Automatic rifles, 2021-2031F |
6.3.5 Latvia Weapon Mounts Market Revenues & Volume, By Gatling guns, 2021-2031F |
6.3.6 Latvia Weapon Mounts Market Revenues & Volume, By Sniper rifles, 2021-2031F |
6.4 Latvia Weapon Mounts Market, By Mode of Operation |
6.4.1 Overview and Analysis |
6.4.2 Latvia Weapon Mounts Market Revenues & Volume, By Manned, 2021-2031F |
6.4.3 Latvia Weapon Mounts Market Revenues & Volume, By Remotely Operated, 2021-2031F |
7 Latvia Weapon Mounts Market Import-Export Trade Statistics |
7.1 Latvia Weapon Mounts Market Export to Major Countries |
7.2 Latvia Weapon Mounts Market Imports from Major Countries |
8 Latvia Weapon Mounts Market Key Performance Indicators |
8.1 Research and development investment in weapon mount technologies |
8.2 Number of contracts awarded for weapon mount systems |
8.3 Adoption rate of advanced weapon mount solutions in the Latvian defense sector |
9 Latvia Weapon Mounts Market - Opportunity Assessment |
9.1 Latvia Weapon Mounts Market Opportunity Assessment, By Mount Type, 2021 & 2031F |
9.2 Latvia Weapon Mounts Market Opportunity Assessment, By Platform, 2021 & 2031F |
9.3 Latvia Weapon Mounts Market Opportunity Assessment, By Weapon Compatibility, 2021 & 2031F |
9.4 Latvia Weapon Mounts Market Opportunity Assessment, By Mode of Operation, 2021 & 2031F |
10 Latvia Weapon Mounts Market - Competitive Landscape |
10.1 Latvia Weapon Mounts Market Revenue Share, By Companies, 2024 |
10.2 Latvia Weapon Mounts 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.
To discover high-growth global markets and optimize your business strategy:
Click Here