Latvia Lighting Infrared LED Market (2025-2031) | Companies, Competitive Landscape, Outlook, Forecast, Share, Growth, Trends, Industry, Segmentation, Size & Revenue, Analysis, Value

Name: Latvia Lighting Infrared LED Market (2025-2031) | Companies & Competitive Landscape
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Lighting Infrared LED Market, Latvia Lighting Infrared LED Market, Latvia Lighting Infrared LED Market Revenues, Latvia Lighting Infrared LED Market Share, Latvia Lighting Infrared LED Market Size, Latvia Lighting Infrared LED Market Outlook, Latvia Lighting Infrared LED Market Report, Latvia Lighting Infrared LED Market Competition, Latvia Lighting Infrared LED Market Overview, Latvia Lighting Infrared LED Market Trends, Latvia Lighting Infrared LED Market Forecast

Market Forecast By Spectral range (Short-Wave Infrared (SWIR) LED, Medium-Wave Infrared (MWIR) LED, Long-Wave Infrared (LWIR) LED), By Application (Biometrics, Imaging, Lighting, Remote Sensing, Surveillance), By End-use (Aerospace & Defence, Automotive, BFSI, Consumer Electronics, Education, Healthcare, Industrial, Retail) And Competitive Landscape

Product Code: ETC7914405	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 Lighting Infrared Led Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Latvia continues to rely on imports of lighting infrared LED products, with top suppliers including Poland, Germany, Lithuania, Netherlands, and Finland in 2024. The market shows a high concentration with a high Herfindahl-Hirschman Index (HHI). While the compound annual growth rate (CAGR) from 2020 to 2024 experienced a decline of -6.27%, there was a notable growth rate of 11.37% from 2023 to 2024. These figures indicate both challenges and opportunities for the market, highlighting the importance of staying informed and adaptable in this dynamic industry.

Latvia Lighting Infrared Led Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Latvia Lighting Infrared LED Market Outlook
Market Size of Latvia Lighting Infrared LED Market, 2024
Forecast of Latvia Lighting Infrared LED Market, 2031
Historical Data and Forecast of Latvia Lighting Infrared LED Revenues & Volume for the Period 2021- 2031
Latvia Lighting Infrared LED Market Trend Evolution
Latvia Lighting Infrared LED Market Drivers and Challenges
Latvia Lighting Infrared LED Price Trends
Latvia Lighting Infrared LED Porter's Five Forces
Latvia Lighting Infrared LED Industry Life Cycle
Historical Data and Forecast of Latvia Lighting Infrared LED Market Revenues & Volume By Spectral range for the Period 2021- 2031
Historical Data and Forecast of Latvia Lighting Infrared LED Market Revenues & Volume By Short-Wave Infrared (SWIR) LED for the Period 2021- 2031
Historical Data and Forecast of Latvia Lighting Infrared LED Market Revenues & Volume By Medium-Wave Infrared (MWIR) LED for the Period 2021- 2031
Historical Data and Forecast of Latvia Lighting Infrared LED Market Revenues & Volume By Long-Wave Infrared (LWIR) LED for the Period 2021- 2031
Historical Data and Forecast of Latvia Lighting Infrared LED Market Revenues & Volume By Application for the Period 2021- 2031
Historical Data and Forecast of Latvia Lighting Infrared LED Market Revenues & Volume By Biometrics for the Period 2021- 2031
Historical Data and Forecast of Latvia Lighting Infrared LED Market Revenues & Volume By Imaging for the Period 2021- 2031
Historical Data and Forecast of Latvia Lighting Infrared LED Market Revenues & Volume By Lighting for the Period 2021- 2031
Historical Data and Forecast of Latvia Lighting Infrared LED Market Revenues & Volume By Remote Sensing for the Period 2021- 2031
Historical Data and Forecast of Latvia Lighting Infrared LED Market Revenues & Volume By Surveillance for the Period 2021- 2031
Historical Data and Forecast of Latvia Lighting Infrared LED Market Revenues & Volume By End-use for the Period 2021- 2031
Historical Data and Forecast of Latvia Lighting Infrared LED Market Revenues & Volume By Aerospace & Defence for the Period 2021- 2031
Historical Data and Forecast of Latvia Lighting Infrared LED Market Revenues & Volume By Automotive for the Period 2021- 2031
Historical Data and Forecast of Latvia Lighting Infrared LED Market Revenues & Volume By BFSI for the Period 2021- 2031
Historical Data and Forecast of Latvia Lighting Infrared LED Market Revenues & Volume By Consumer Electronics for the Period 2021- 2031
Historical Data and Forecast of Latvia Lighting Infrared LED Market Revenues & Volume By Education for the Period 2021- 2031
Historical Data and Forecast of Latvia Lighting Infrared LED Market Revenues & Volume By Healthcare for the Period 2021- 2031
Historical Data and Forecast of Latvia Lighting Infrared LED Market Revenues & Volume By Industrial for the Period 2021- 2031
Historical Data and Forecast of Latvia Lighting Infrared LED Market Revenues & Volume By Retail for the Period 2021- 2031
Latvia Lighting Infrared LED Import Export Trade Statistics
Market Opportunity Assessment By Spectral range
Market Opportunity Assessment By Application
Market Opportunity Assessment By End-use
Latvia Lighting Infrared LED Top Companies Market Share
Latvia Lighting Infrared LED Competitive Benchmarking By Technical and Operational Parameters
Latvia Lighting Infrared LED Company Profiles
Latvia Lighting Infrared LED Key Strategic Recommendations

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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 Lighting Infrared LED Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Lighting Infrared LED Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Lighting Infrared LED Market - Industry Life Cycle

3.4 Latvia Lighting Infrared LED Market - Porter's Five Forces

3.5 Latvia Lighting Infrared LED Market Revenues & Volume Share, By Spectral range, 2021 & 2031F

3.6 Latvia Lighting Infrared LED Market Revenues & Volume Share, By Application, 2021 & 2031F

3.7 Latvia Lighting Infrared LED Market Revenues & Volume Share, By End-use, 2021 & 2031F

4 Latvia Lighting Infrared LED Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for energy-efficient lighting solutions

4.2.2 Growing adoption of smart lighting technologies

4.2.3 Government initiatives promoting energy conservation and sustainability

4.3 Market Restraints

4.3.1 High initial investment costs for LED lighting solutions

4.3.2 Limited consumer awareness about the benefits of infrared LED lighting

4.3.3 Competition from traditional lighting technologies

5 Latvia Lighting Infrared LED Market Trends

6 Latvia Lighting Infrared LED Market, By Types

6.1 Latvia Lighting Infrared LED Market, By Spectral range

6.1.1 Overview and Analysis

6.1.2 Latvia Lighting Infrared LED Market Revenues & Volume, By Spectral range, 2021- 2031F

6.1.3 Latvia Lighting Infrared LED Market Revenues & Volume, By Short-Wave Infrared (SWIR) LED, 2021- 2031F

6.1.4 Latvia Lighting Infrared LED Market Revenues & Volume, By Medium-Wave Infrared (MWIR) LED, 2021- 2031F

6.1.5 Latvia Lighting Infrared LED Market Revenues & Volume, By Long-Wave Infrared (LWIR) LED, 2021- 2031F

6.2 Latvia Lighting Infrared LED Market, By Application

6.2.1 Overview and Analysis

6.2.2 Latvia Lighting Infrared LED Market Revenues & Volume, By Biometrics, 2021- 2031F

6.2.3 Latvia Lighting Infrared LED Market Revenues & Volume, By Imaging, 2021- 2031F

6.2.4 Latvia Lighting Infrared LED Market Revenues & Volume, By Lighting, 2021- 2031F

6.2.5 Latvia Lighting Infrared LED Market Revenues & Volume, By Remote Sensing, 2021- 2031F

6.2.6 Latvia Lighting Infrared LED Market Revenues & Volume, By Surveillance, 2021- 2031F

6.3 Latvia Lighting Infrared LED Market, By End-use

6.3.1 Overview and Analysis

6.3.2 Latvia Lighting Infrared LED Market Revenues & Volume, By Aerospace & Defence, 2021- 2031F

6.3.3 Latvia Lighting Infrared LED Market Revenues & Volume, By Automotive, 2021- 2031F

6.3.4 Latvia Lighting Infrared LED Market Revenues & Volume, By BFSI, 2021- 2031F

6.3.5 Latvia Lighting Infrared LED Market Revenues & Volume, By Consumer Electronics, 2021- 2031F

6.3.6 Latvia Lighting Infrared LED Market Revenues & Volume, By Education, 2021- 2031F

6.3.7 Latvia Lighting Infrared LED Market Revenues & Volume, By Healthcare, 2021- 2031F

6.3.8 Latvia Lighting Infrared LED Market Revenues & Volume, By Retail, 2021- 2031F

6.3.9 Latvia Lighting Infrared LED Market Revenues & Volume, By Retail, 2021- 2031F

7 Latvia Lighting Infrared LED Market Import-Export Trade Statistics

7.1 Latvia Lighting Infrared LED Market Export to Major Countries

7.2 Latvia Lighting Infrared LED Market Imports from Major Countries

8 Latvia Lighting Infrared LED Market Key Performance Indicators

8.1 Energy savings achieved through the adoption of infrared LED lighting

8.2 Number of new smart lighting installations in Latvia

8.3 Percentage of government projects using energy-efficient lighting technologies

9 Latvia Lighting Infrared LED Market - Opportunity Assessment

9.1 Latvia Lighting Infrared LED Market Opportunity Assessment, By Spectral range, 2021 & 2031F

9.2 Latvia Lighting Infrared LED Market Opportunity Assessment, By Application, 2021 & 2031F

9.3 Latvia Lighting Infrared LED Market Opportunity Assessment, By End-use, 2021 & 2031F

10 Latvia Lighting Infrared LED Market - Competitive Landscape

10.1 Latvia Lighting Infrared LED Market Revenue Share, By Companies, 2024

10.2 Latvia Lighting Infrared LED Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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