| Product Code: ETC7905401 | 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`s automotive position sensor import shipments saw a decrease in growth rate compared to the previous year, with a -13.71% change. Despite this decline, the market remains diverse with top exporting countries including Denmark, Poland, Germany, China, and Sweden. With a low concentration level, the Herfindahl-Hirschman Index (HHI) indicates a competitive market landscape. The compound annual growth rate (CAGR) from 2020 to 2024 stood at 1.33%, reflecting steady but moderate growth in the import of automotive position sensors 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 Automotive Position Sensor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Automotive Position Sensor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Automotive Position Sensor Market - Industry Life Cycle |
3.4 Latvia Automotive Position Sensor Market - Porter's Five Forces |
3.5 Latvia Automotive Position Sensor Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Latvia Automotive Position Sensor Market Revenues & Volume Share, By Contact Type, 2021 & 2031F |
3.7 Latvia Automotive Position Sensor Market Revenues & Volume Share, By Output, 2021 & 2031F |
3.8 Latvia Automotive Position Sensor Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Latvia Automotive Position Sensor Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Automotive Position Sensor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for advanced driver assistance systems (ADAS) in vehicles |
4.2.2 Growing focus on vehicle safety and regulatory requirements |
4.2.3 Technological advancements leading to the development of more sophisticated position sensors in automotive applications |
4.3 Market Restraints |
4.3.1 High initial costs associated with implementing advanced position sensor technologies |
4.3.2 Limited awareness and adoption of advanced position sensor technologies in the Latvian automotive market |
5 Latvia Automotive Position Sensor Market Trends |
6 Latvia Automotive Position Sensor Market, By Types |
6.1 Latvia Automotive Position Sensor Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Latvia Automotive Position Sensor Market Revenues & Volume, By Types, 2021- 2031F |
6.1.3 Latvia Automotive Position Sensor Market Revenues & Volume, By Linear Type, 2021- 2031F |
6.1.4 Latvia Automotive Position Sensor Market Revenues & Volume, By Rotary Position Sensors, 2021- 2031F |
6.1.5 Latvia Automotive Position Sensor Market Revenues & Volume, By Other Sensors, 2021- 2031F |
6.2 Latvia Automotive Position Sensor Market, By Contact Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Automotive Position Sensor Market Revenues & Volume, By Non-Contact Type, 2021- 2031F |
6.2.3 Latvia Automotive Position Sensor Market Revenues & Volume, By Contact Type, 2021- 2031F |
6.3 Latvia Automotive Position Sensor Market, By Output |
6.3.1 Overview and Analysis |
6.3.2 Latvia Automotive Position Sensor Market Revenues & Volume, By Digital Output, 2021- 2031F |
6.3.3 Latvia Automotive Position Sensor Market Revenues & Volume, By Analog Output, 2021- 2031F |
6.4 Latvia Automotive Position Sensor Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Automotive Position Sensor Market Revenues & Volume, By Machine Tools, 2021- 2031F |
6.4.3 Latvia Automotive Position Sensor Market Revenues & Volume, By Robotics, 2021- 2031F |
6.4.4 Latvia Automotive Position Sensor Market Revenues & Volume, By Motion Systems, 2021- 2031F |
6.4.5 Latvia Automotive Position Sensor Market Revenues & Volume, By Material Handling, 2021- 2031F |
6.4.6 Latvia Automotive Position Sensor Market Revenues & Volume, By Test Equipment, 2021- 2031F |
6.4.7 Latvia Automotive Position Sensor Market Revenues & Volume, By Others, 2021- 2031F |
6.5 Latvia Automotive Position Sensor Market, By End User |
6.5.1 Overview and Analysis |
6.5.2 Latvia Automotive Position Sensor Market Revenues & Volume, By Manufacturing, 2021- 2031F |
6.5.3 Latvia Automotive Position Sensor Market Revenues & Volume, By Automotive, 2021- 2031F |
6.5.4 Latvia Automotive Position Sensor Market Revenues & Volume, By Aerospace, 2021- 2031F |
6.5.5 Latvia Automotive Position Sensor Market Revenues & Volume, By Packaging, 2021- 2031F |
6.5.6 Latvia Automotive Position Sensor Market Revenues & Volume, By Healthcare, 2021- 2031F |
6.5.7 Latvia Automotive Position Sensor Market Revenues & Volume, By Electronics, 2021- 2031F |
7 Latvia Automotive Position Sensor Market Import-Export Trade Statistics |
7.1 Latvia Automotive Position Sensor Market Export to Major Countries |
7.2 Latvia Automotive Position Sensor Market Imports from Major Countries |
8 Latvia Automotive Position Sensor Market Key Performance Indicators |
8.1 Number of vehicles equipped with ADAS systems |
8.2 Adoption rate of advanced position sensor technologies in new vehicle models |
8.3 Percentage of automotive manufacturers in Latvia investing in research and development for position sensor technologies |
9 Latvia Automotive Position Sensor Market - Opportunity Assessment |
9.1 Latvia Automotive Position Sensor Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Latvia Automotive Position Sensor Market Opportunity Assessment, By Contact Type, 2021 & 2031F |
9.3 Latvia Automotive Position Sensor Market Opportunity Assessment, By Output, 2021 & 2031F |
9.4 Latvia Automotive Position Sensor Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Latvia Automotive Position Sensor Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Automotive Position Sensor Market - Competitive Landscape |
10.1 Latvia Automotive Position Sensor Market Revenue Share, By Companies, 2024 |
10.2 Latvia Automotive Position Sensor 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.
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