| Product Code: ETC7924691 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw a shift in its Wi-Fi semiconductor chipsets import shipments, with top exporters being Taiwan, Netherlands, Hong Kong, and Germany. The market concentration decreased from moderate to low, indicating a more diversified import landscape. However, the industry experienced a negative Compound Annual Growth Rate (CAGR) of -0.75% from 2020 to 2024, with a significant decline in growth rate of -40.89% from 2023 to 2024. These trends suggest a challenging market environment for Wi-Fi semiconductor chipsets in Latvia, requiring strategic adjustments for stakeholders in the industry.
![]()
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 Wi-Fi Semiconductor Chipsets Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Wi-Fi Semiconductor Chipsets Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Wi-Fi Semiconductor Chipsets Market - Industry Life Cycle |
3.4 Latvia Wi-Fi Semiconductor Chipsets Market - Porter's Five Forces |
3.5 Latvia Wi-Fi Semiconductor Chipsets Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Wi-Fi Semiconductor Chipsets Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Wi-Fi Semiconductor Chipsets Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-speed internet connectivity in Latvia |
4.2.2 Growth in adoption of Internet of Things (IoT) devices in various industries |
4.2.3 Government initiatives promoting digitalization and connectivity in the country |
4.3 Market Restraints |
4.3.1 High initial investment required for setting up Wi-Fi infrastructure |
4.3.2 Data security concerns and privacy issues hindering adoption |
4.3.3 Limited availability of skilled professionals in the semiconductor industry in Latvia |
5 Latvia Wi-Fi Semiconductor Chipsets Market Trends |
6 Latvia Wi-Fi Semiconductor Chipsets Market, By Types |
6.1 Latvia Wi-Fi Semiconductor Chipsets Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Wi-Fi Semiconductor Chipsets Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Wi-Fi Semiconductor Chipsets Market Revenues & Volume, By SU-MIMO, 2021- 2031F |
6.1.4 Latvia Wi-Fi Semiconductor Chipsets Market Revenues & Volume, By MU-MIMO, 2021- 2031F |
6.2 Latvia Wi-Fi Semiconductor Chipsets Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Wi-Fi Semiconductor Chipsets Market Revenues & Volume, By Consumer Devices, 2021- 2031F |
6.2.3 Latvia Wi-Fi Semiconductor Chipsets Market Revenues & Volume, By Gaming Devices, 2021- 2031F |
6.2.4 Latvia Wi-Fi Semiconductor Chipsets Market Revenues & Volume, By Drones, 2021- 2031F |
6.2.5 Latvia Wi-Fi Semiconductor Chipsets Market Revenues & Volume, By Networking Devices, 2021- 2031F |
7 Latvia Wi-Fi Semiconductor Chipsets Market Import-Export Trade Statistics |
7.1 Latvia Wi-Fi Semiconductor Chipsets Market Export to Major Countries |
7.2 Latvia Wi-Fi Semiconductor Chipsets Market Imports from Major Countries |
8 Latvia Wi-Fi Semiconductor Chipsets Market Key Performance Indicators |
8.1 Average Wi-Fi penetration rate in households and businesses in Latvia |
8.2 Number of IoT devices connected to Wi-Fi networks in the country |
8.3 Percentage increase in government spending on digital infrastructure and connectivity initiatives |
9 Latvia Wi-Fi Semiconductor Chipsets Market - Opportunity Assessment |
9.1 Latvia Wi-Fi Semiconductor Chipsets Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Wi-Fi Semiconductor Chipsets Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Wi-Fi Semiconductor Chipsets Market - Competitive Landscape |
10.1 Latvia Wi-Fi Semiconductor Chipsets Market Revenue Share, By Companies, 2024 |
10.2 Latvia Wi-Fi Semiconductor Chipsets 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