| Product Code: ETC7911783 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s import shipments of GPIO expanders in 2024 were primarily sourced from Taiwan, Netherlands, Hong Kong, and Germany, reflecting a diverse supply chain. The market showed a shift from moderate to low concentration, indicating increased competition among exporters. Despite a negative CAGR from 2020 to 2024, the significant decline in growth rate in 2024 suggests a potential stabilization or market adjustment. This trend highlights the importance of monitoring market dynamics and adapting strategies to navigate fluctuating demands 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 GPIO Expanders Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia GPIO Expanders Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia GPIO Expanders Market - Industry Life Cycle |
3.4 Latvia GPIO Expanders Market - Porter's Five Forces |
3.5 Latvia GPIO Expanders Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia GPIO Expanders Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia GPIO Expanders Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for IoT devices and applications driving the need for GPIO expanders. |
4.2.2 Growth in the electronics industry in Latvia leading to higher adoption of GPIO expanders. |
4.2.3 Advancements in technology leading to the development of more sophisticated GPIO expander products. |
4.3 Market Restraints |
4.3.1 High initial investment required for setting up manufacturing facilities for GPIO expanders. |
4.3.2 Limited awareness and understanding of the benefits of GPIO expanders among potential customers in Latvia. |
4.3.3 Competition from established players in the global GPIO expander market. |
5 Latvia GPIO Expanders Market Trends |
6 Latvia GPIO Expanders Market, By Types |
6.1 Latvia GPIO Expanders Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia GPIO Expanders Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Latvia GPIO Expanders Market Revenues & Volume, By Totem Pole GPIO, 2021- 2031F |
6.1.4 Latvia GPIO Expanders Market Revenues & Volume, By Quasi-bidirectional GPIO, 2021- 2031F |
6.1.5 Latvia GPIO Expanders Market Revenues & Volume, By LED PWM Open-drain GPIO, 2021- 2031F |
6.2 Latvia GPIO Expanders Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia GPIO Expanders Market Revenues & Volume, By Cell Phones, 2021- 2031F |
6.2.3 Latvia GPIO Expanders Market Revenues & Volume, By Home Appliances, 2021- 2031F |
6.2.4 Latvia GPIO Expanders Market Revenues & Volume, By Cameras & Video Equipment, 2021- 2031F |
6.2.5 Latvia GPIO Expanders Market Revenues & Volume, By Portable Game Devices, 2021- 2031F |
6.2.6 Latvia GPIO Expanders Market Revenues & Volume, By Laptops & PCs, 2021- 2031F |
6.2.7 Latvia GPIO Expanders Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia GPIO Expanders Market Import-Export Trade Statistics |
7.1 Latvia GPIO Expanders Market Export to Major Countries |
7.2 Latvia GPIO Expanders Market Imports from Major Countries |
8 Latvia GPIO Expanders Market Key Performance Indicators |
8.1 Number of new IoT device launches incorporating GPIO expanders. |
8.2 Percentage increase in the use of GPIO expanders in key industries in Latvia. |
8.3 Rate of adoption of advanced GPIO expander technologies in the market. |
8.4 Average time taken for companies to integrate GPIO expanders into their product designs. |
8.5 Number of patents filed for innovative GPIO expander technologies in Latvia. |
9 Latvia GPIO Expanders Market - Opportunity Assessment |
9.1 Latvia GPIO Expanders Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia GPIO Expanders Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia GPIO Expanders Market - Competitive Landscape |
10.1 Latvia GPIO Expanders Market Revenue Share, By Companies, 2024 |
10.2 Latvia GPIO Expanders 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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