Industry Statistics and Rankings
How does this industry perform in Latvia compared to Europe?
Country Benchmarking
Industry Data Latvia
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#30 In EuropeBusiness
#26 In EuropeEmployees
#23 In EuropeWages
#29 In EuropeThe communication equipment industry is experiencing high demand for smartphones, burglar alarms and fire and smoke detectors. Modern smartphones are equipped with numerous functions that make life easier for consumers, while sales of traditional home phones have declined. As technology advances and regulations tighten, interest in security devices such as burglar and fire alarms is growing. Despite these advances, the industry is facing saturation and significant competition, particularly from abroad. As a result, many European manufacturers have relocated their production to Asian countries such as China and Vietnam to take advantage of lower labour costs and access to unsaturated markets. Over the five years through 2024, industry revenue is expected to sink at a compound annual rate of 5.2% to €65.9 billion.
Enterprises
Number of businesses in 2024
Biggest companies in the Communication Equipment Manufacturing in Latvia
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Communication Equipment Manufacturing in Latvia industry for IBISWorld to include in this product.
Top Questions Answered in this Report
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What is the market size of the Communication Equipment Manufacturing industry in Latvia in 2024?
The market size of the Communication Equipment Manufacturing industry in Latvia is €41.6m in 2024.
How many businesses are there in the Communication Equipment Manufacturing in Latvia industry in 2024?
There are 23 businesses in the Communication Equipment Manufacturing industry in Latvia, which has declined at a CAGR of 0.0 % between 2019 and 2024.
Has the Communication Equipment Manufacturing industry in Latvia grown or declined over the past 5 years?
The market size of the Communication Equipment Manufacturing industry in Latvia has been declining at a CAGR of 2.9 % between 2019 and 2024.
What is the forecast growth of the Communication Equipment Manufacturing industry in Latvia over the next 5 years?
Over the next five years, the Communication Equipment Manufacturing industry in Latvia is expected to grow.
What does the Communication Equipment Manufacturing in Latvia include?
Data reception and transmission equipment and Telephones are part of the Communication Equipment Manufacturing industry.
How competitive is the Communication Equipment Manufacturing industry in Latvia?
The level of competition is moderate and steady in the Communication Equipment Manufacturing industry in Latvia.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Computer & Peripheral Equipment Manufacturing in Latvia
- Consumer Electronics Manufacturing in Latvia
- Information & Communication Equipment Retailing in Latvia
Complementors
- Electronic Component & Board Manufacturing in Latvia
- Other Telecommunications Activities in Latvia
Table of Contents
About this industry
Industry definition
This industry manufactures telephone and data communications equipment used for the electronic transmission of signals by wire or through the air, such as radio and television broadcasting equipment and wireless communications equipment.
Related Terms
Artificial Intelligence (AI)Internet Of Things (Iot)5GWhat's included in this industry?
Data reception and transmission equipmentTelephonesTV and radio broadcasting equipmentAerialsBurgular and fire alarmsCompanies
Industry Code
263 - Manufacture of communication equipment in Latvia
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Communication Equipment Manufacturing in Latvia industry?
Outlook
Analysis
What's driving the Communication Equipment Manufacturing in Latvia industry outlook?
Volatility
Analysis
What influences volatility in the Communication Equipment Manufacturing in Latvia industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Communication Equipment Manufacturing in Latvia industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Modern burglar and fire alarms are part of the smart home. Innovations such as wireless IoT connectivity, artificial intelligence and advanced sensors improve system flexibility and accuracy and reduce false alarms, while video verification enables instant confirmation of the incident.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Communication Equipment Manufacturing in Latvia industry's products and services performing?
Analysis
What are innovations in the Communication Equipment Manufacturing in Latvia industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Communication Equipment Manufacturing in Latvia industry?
International Trade
Highlights
- Total Imports into Latvia
- Total Exports into Latvia
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Most manufacturers have low market shares. In Europe, there are hardly any manufacturers that dominate the market, resulting in a low level of market concentration. Most manufacturers concentrate on niche segments and have low market shares.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Communication Equipment Manufacturing in Latvia located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Manufacturers must comply with safety and waste regulations. Communication equipment manufacturers must comply with the RED directive for safety, ensure RoHS compliance to limit hazardous substances and follow the WEEE directives for responsible disposal of electronic waste.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Communication Equipment Manufacturing in Latvia industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Profitability is likely to decline in the coming years. The industry's high profitability is attributable to rapid technological progress and short product life cycles. Increasing competition and regulatory costs could reduce profit margins over the next five years.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Communication Equipment Manufacturing in Latvia industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.
To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.
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