| Product Code: ETC11250997 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Latvia`s wearable import shipments in 2024 continued to showcase a high level of market concentration, with top exporting countries including Vietnam, China, Lithuania, Netherlands, and the USA. The Herfindahl-Hirschman Index (HHI) remained elevated, indicating significant market dominance. The compound annual growth rate (CAGR) from 2020 to 2024 stood at 1.02, demonstrating steady expansion. Furthermore, the growth rate from 2023 to 2024 was 0.96, suggesting a stable trajectory for the wearable import market 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 Wearable Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Wearable Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Wearable Market - Industry Life Cycle |
3.4 Latvia Wearable Market - Porter's Five Forces |
3.5 Latvia Wearable Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Wearable Market Revenues & Volume Share, By Connectivity, 2021 & 2031F |
3.7 Latvia Wearable Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Latvia Wearable Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Latvia Wearable Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing health awareness and focus on fitness among consumers in Latvia |
4.2.2 Technological advancements in wearable devices leading to innovative features and functionalities |
4.2.3 Growing disposable income and willingness to spend on wearable technology |
4.3 Market Restraints |
4.3.1 High initial cost of wearable devices may limit adoption rates among price-sensitive consumers |
4.3.2 Concerns regarding data privacy and security risks associated with wearable technology |
4.3.3 Limited awareness and understanding of the benefits of wearable devices among certain consumer segments |
5 Latvia Wearable Market Trends |
6 Latvia Wearable Market, By Types |
6.1 Latvia Wearable Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Wearable Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Wearable Market Revenues & Volume, By Smartwatches, 2021 - 2031F |
6.1.4 Latvia Wearable Market Revenues & Volume, By Fitness Bands, 2021 - 2031F |
6.1.5 Latvia Wearable Market Revenues & Volume, By Smart Clothing, 2021 - 2031F |
6.1.6 Latvia Wearable Market Revenues & Volume, By AR/VR Headsets, 2021 - 2031F |
6.1.7 Latvia Wearable Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Latvia Wearable Market, By Connectivity |
6.2.1 Overview and Analysis |
6.2.2 Latvia Wearable Market Revenues & Volume, By Bluetooth, 2021 - 2031F |
6.2.3 Latvia Wearable Market Revenues & Volume, By Wi-Fi, 2021 - 2031F |
6.2.4 Latvia Wearable Market Revenues & Volume, By AI-Enabled, 2021 - 2031F |
6.2.5 Latvia Wearable Market Revenues & Volume, By 5G, 2021 - 2031F |
6.2.6 Latvia Wearable Market Revenues & Volume, By NFC, 2021 - 2031F |
6.3 Latvia Wearable Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Wearable Market Revenues & Volume, By Health and Fitness, 2021 - 2031F |
6.3.3 Latvia Wearable Market Revenues & Volume, By Sports Performance, 2021 - 2031F |
6.3.4 Latvia Wearable Market Revenues & Volume, By Biometric Monitoring, 2021 - 2031F |
6.3.5 Latvia Wearable Market Revenues & Volume, By Virtual and Augmented Reality, 2021 - 2031F |
6.3.6 Latvia Wearable Market Revenues & Volume, By Payments and Authentication, 2021 - 2031F |
6.4 Latvia Wearable Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Latvia Wearable Market Revenues & Volume, By Consumers, 2021 - 2031F |
6.4.3 Latvia Wearable Market Revenues & Volume, By Athletes, 2021 - 2031F |
6.4.4 Latvia Wearable Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.4.5 Latvia Wearable Market Revenues & Volume, By Entertainment, 2021 - 2031F |
6.4.6 Latvia Wearable Market Revenues & Volume, By Enterprises, 2021 - 2031F |
7 Latvia Wearable Market Import-Export Trade Statistics |
7.1 Latvia Wearable Market Export to Major Countries |
7.2 Latvia Wearable Market Imports from Major Countries |
8 Latvia Wearable Market Key Performance Indicators |
8.1 Adoption rate of wearable devices among different age groups in Latvia |
8.2 Frequency of software updates and new product launches by wearable device manufacturers |
8.3 Number of partnerships and collaborations between wearable device companies and healthcare organizations in Latvia |
9 Latvia Wearable Market - Opportunity Assessment |
9.1 Latvia Wearable Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Wearable Market Opportunity Assessment, By Connectivity, 2021 & 2031F |
9.3 Latvia Wearable Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Latvia Wearable Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Latvia Wearable Market - Competitive Landscape |
10.1 Latvia Wearable Market Revenue Share, By Companies, 2024 |
10.2 Latvia Wearable Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |