| Product Code: ETC7916070 | 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 multi-mode chipsets saw a significant increase in concentration in 2024, with top exporting countries being the USA, Germany, China, Lithuania, and Poland. The Herfindahl-Hirschman Index (HHI) indicating market concentration rose from high to very high levels. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 51.7%, with a notable growth rate of 79.58% in 2024 alone. This data suggests a rapidly expanding market for multi-mode chipsets in Latvia, driven by key players from various countries.

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 Multi-Mode Chipset Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Multi-Mode Chipset Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Multi-Mode Chipset Market - Industry Life Cycle |
3.4 Latvia Multi-Mode Chipset Market - Porter's Five Forces |
3.5 Latvia Multi-Mode Chipset Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Multi-Mode Chipset 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 Growing adoption of IoT devices and smart technologies |
4.2.3 Government initiatives to promote digitalization and connectivity in the country |
4.3 Market Restraints |
4.3.1 High initial investment required for infrastructure development |
4.3.2 Technological challenges in developing advanced multi-mode chipsets |
4.3.3 Competition from established global chipset manufacturers |
5 Latvia Multi-Mode Chipset Market Trends |
6 Latvia Multi-Mode Chipset Market, By Types |
6.1 Latvia Multi-Mode Chipset Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Multi-Mode Chipset Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Latvia Multi-Mode Chipset Market Revenues & Volume, By Smartphones, 2021- 2031F |
6.1.4 Latvia Multi-Mode Chipset Market Revenues & Volume, By Tablets, 2021- 2031F |
6.1.5 Latvia Multi-Mode Chipset Market Revenues & Volume, By Wearable Devices, 2021- 2031F |
6.1.6 Latvia Multi-Mode Chipset Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Multi-Mode Chipset Market Import-Export Trade Statistics |
7.1 Latvia Multi-Mode Chipset Market Export to Major Countries |
7.2 Latvia Multi-Mode Chipset Market Imports from Major Countries |
8 Latvia Multi-Mode Chipset Market Key Performance Indicators |
8.1 Average internet speed in Latvia |
8.2 Number of IoT devices per capita in the country |
8.3 Percentage of government budget allocated to digital infrastructure development |
8.4 Number of patents filed for multi-mode chipset technologies |
8.5 Adoption rate of 5G technology in Latvia |
9 Latvia Multi-Mode Chipset Market - Opportunity Assessment |
9.1 Latvia Multi-Mode Chipset Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Multi-Mode Chipset Market - Competitive Landscape |
10.1 Latvia Multi-Mode Chipset Market Revenue Share, By Companies, 2024 |
10.2 Latvia Multi-Mode Chipset 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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