Latvia Surface Mount PLCC LEDs Market (2025-2031) | Strategy, Drivers, Value, Challenges, Consumer Insights, Companies, Competition, Trends, Revenue, Segments, Growth, Strategic Insights, Forecast, Competitive, Share, Size, Restraints, Pricing Analysis, Investment Trends, Segmentation, Outlook, Opportunities, Demand, Industry, Supply, Analysis

Name: Latvia Surface Mount PLCC LEDs Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Surface Mount PLCC LEDs Market, Latvia Surface Mount PLCC LEDs Market, Latvia Surface Mount PLCC LEDs Market Revenues, Latvia Surface Mount PLCC LEDs Market Share, Latvia Surface Mount PLCC LEDs Market Size, Latvia Surface Mount PLCC LEDs Market Outlook, Latvia Surface Mount PLCC LEDs Market Report, Latvia Surface Mount PLCC LEDs Market Competition, Latvia Surface Mount PLCC LEDs Market Overview, Latvia Surface Mount PLCC LEDs Market Trends, Latvia Surface Mount PLCC LEDs Market Forecast

Market Forecast By Package Type (PLCC2, PLCC4), By Power Rating (Low Power, High Power), By Application (Display Backlighting, Automotive Lighting), By End Use (Consumer Electronics, Automotive) And Competitive Landscape

Product Code: ETC10870837	Publication Date: Apr 2025	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Bhawna Singh	No. of Pages: 65	No. of Figures: 34	No. of Tables: 19

Latvia Surface Mount Plcc Leds Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Latvia saw a shift in the concentration of surface mount PLCC LEDs import shipments, moving from high concentration in 2023 to a more moderate level. The top exporting countries to Latvia for these products include Finland, China, Sweden, UK, and Germany. Despite a challenging CAGR of -15.96% from 2020 to 2024, there was a slight improvement in the growth rate from 2023 to 2024, with a decrease of -12.89%. This data suggests a potential stabilization in the market and highlights the importance of monitoring trends and competition in the industry.

Latvia Surface Mount Plcc Leds Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Latvia Surface Mount PLCC LEDs Market Outlook
Market Size of Latvia Surface Mount PLCC LEDs Market,2024
Forecast of Latvia Surface Mount PLCC LEDs Market, 2031
Historical Data and Forecast of Latvia Surface Mount PLCC LEDs Revenues & Volume for the Period 2021-2031
Latvia Surface Mount PLCC LEDs Market Trend Evolution
Latvia Surface Mount PLCC LEDs Market Drivers and Challenges
Latvia Surface Mount PLCC LEDs Price Trends
Latvia Surface Mount PLCC LEDs Porter's Five Forces
Latvia Surface Mount PLCC LEDs Industry Life Cycle
Historical Data and Forecast of Latvia Surface Mount PLCC LEDs Market Revenues & Volume By Package Type for the Period 2021-2031
Historical Data and Forecast of Latvia Surface Mount PLCC LEDs Market Revenues & Volume By PLCC2 for the Period 2021-2031
Historical Data and Forecast of Latvia Surface Mount PLCC LEDs Market Revenues & Volume By PLCC4 for the Period 2021-2031
Historical Data and Forecast of Latvia Surface Mount PLCC LEDs Market Revenues & Volume By Power Rating for the Period 2021-2031
Historical Data and Forecast of Latvia Surface Mount PLCC LEDs Market Revenues & Volume By Low Power for the Period 2021-2031
Historical Data and Forecast of Latvia Surface Mount PLCC LEDs Market Revenues & Volume By High Power for the Period 2021-2031
Historical Data and Forecast of Latvia Surface Mount PLCC LEDs Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Latvia Surface Mount PLCC LEDs Market Revenues & Volume By Display Backlighting for the Period 2021-2031
Historical Data and Forecast of Latvia Surface Mount PLCC LEDs Market Revenues & Volume By Automotive Lighting for the Period 2021-2031
Historical Data and Forecast of Latvia Surface Mount PLCC LEDs Market Revenues & Volume By End Use for the Period 2021-2031
Historical Data and Forecast of Latvia Surface Mount PLCC LEDs Market Revenues & Volume By Consumer Electronics for the Period 2021-2031
Historical Data and Forecast of Latvia Surface Mount PLCC LEDs Market Revenues & Volume By Automotive for the Period 2021-2031
Latvia Surface Mount PLCC LEDs Import Export Trade Statistics
Market Opportunity Assessment By Package Type
Market Opportunity Assessment By Power Rating
Market Opportunity Assessment By Application
Market Opportunity Assessment By End Use
Latvia Surface Mount PLCC LEDs Top Companies Market Share
Latvia Surface Mount PLCC LEDs Competitive Benchmarking By Technical and Operational Parameters
Latvia Surface Mount PLCC LEDs Company Profiles
Latvia Surface Mount PLCC LEDs Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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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 Surface Mount PLCC LEDs Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Surface Mount PLCC LEDs Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Surface Mount PLCC LEDs Market - Industry Life Cycle

3.4 Latvia Surface Mount PLCC LEDs Market - Porter's Five Forces

3.5 Latvia Surface Mount PLCC LEDs Market Revenues & Volume Share, By Package Type, 2021 & 2031F

3.6 Latvia Surface Mount PLCC LEDs Market Revenues & Volume Share, By Power Rating, 2021 & 2031F

3.7 Latvia Surface Mount PLCC LEDs Market Revenues & Volume Share, By Application, 2021 & 2031F

3.8 Latvia Surface Mount PLCC LEDs Market Revenues & Volume Share, By End Use, 2021 & 2031F

4 Latvia Surface Mount PLCC LEDs Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for energy-efficient lighting solutions in Latvia

4.2.2 Growing adoption of surface mount PLCC LEDs in various applications such as automotive, consumer electronics, and industrial sectors

4.2.3 Technological advancements leading to improved efficiency and performance of surface mount PLCC LEDs

4.3 Market Restraints

4.3.1 High initial investment required for transitioning to surface mount PLCC LEDs

4.3.2 Intense competition from traditional lighting sources such as incandescent and fluorescent lights

4.3.3 Economic factors affecting consumer spending and investment in LED technology

5 Latvia Surface Mount PLCC LEDs Market Trends

6 Latvia Surface Mount PLCC LEDs Market, By Types

6.1 Latvia Surface Mount PLCC LEDs Market, By Package Type

6.1.1 Overview and Analysis

6.1.2 Latvia Surface Mount PLCC LEDs Market Revenues & Volume, By Package Type, 2021 - 2031F

6.1.3 Latvia Surface Mount PLCC LEDs Market Revenues & Volume, By PLCC2, 2021 - 2031F

6.1.4 Latvia Surface Mount PLCC LEDs Market Revenues & Volume, By PLCC4, 2021 - 2031F

6.2 Latvia Surface Mount PLCC LEDs Market, By Power Rating

6.2.1 Overview and Analysis

6.2.2 Latvia Surface Mount PLCC LEDs Market Revenues & Volume, By Low Power, 2021 - 2031F

6.2.3 Latvia Surface Mount PLCC LEDs Market Revenues & Volume, By High Power, 2021 - 2031F

6.3 Latvia Surface Mount PLCC LEDs Market, By Application

6.3.1 Overview and Analysis

6.3.2 Latvia Surface Mount PLCC LEDs Market Revenues & Volume, By Display Backlighting, 2021 - 2031F

6.3.3 Latvia Surface Mount PLCC LEDs Market Revenues & Volume, By Automotive Lighting, 2021 - 2031F

6.4 Latvia Surface Mount PLCC LEDs Market, By End Use

6.4.1 Overview and Analysis

6.4.2 Latvia Surface Mount PLCC LEDs Market Revenues & Volume, By Consumer Electronics, 2021 - 2031F

6.4.3 Latvia Surface Mount PLCC LEDs Market Revenues & Volume, By Automotive, 2021 - 2031F

7 Latvia Surface Mount PLCC LEDs Market Import-Export Trade Statistics

7.1 Latvia Surface Mount PLCC LEDs Market Export to Major Countries

7.2 Latvia Surface Mount PLCC LEDs Market Imports from Major Countries

8 Latvia Surface Mount PLCC LEDs Market Key Performance Indicators

8.1 Energy savings potential of surface mount PLCC LEDs compared to traditional lighting sources

8.2 Adoption rate of surface mount PLCC LEDs in key industries in Latvia

8.3 Number of new product innovations and technological advancements in surface mount PLCC LEDs

8.4 Percentage of government incentives or regulations promoting the use of energy-efficient lighting technologies

9 Latvia Surface Mount PLCC LEDs Market - Opportunity Assessment

9.1 Latvia Surface Mount PLCC LEDs Market Opportunity Assessment, By Package Type, 2021 & 2031F

9.2 Latvia Surface Mount PLCC LEDs Market Opportunity Assessment, By Power Rating, 2021 & 2031F

9.3 Latvia Surface Mount PLCC LEDs Market Opportunity Assessment, By Application, 2021 & 2031F

9.4 Latvia Surface Mount PLCC LEDs Market Opportunity Assessment, By End Use, 2021 & 2031F

10 Latvia Surface Mount PLCC LEDs Market - Competitive Landscape

10.1 Latvia Surface Mount PLCC LEDs Market Revenue Share, By Companies, 2024

10.2 Latvia Surface Mount PLCC LEDs 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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