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
#29 In EuropeBusiness
#28 In EuropeEmployees
#27 In EuropeWages
#29 In EuropeElectronic components are used in a wide range of applications, from computers and mobile phones to TVs and cars, while electronic boards are the fundamental inputs for nearly all electronic products. Manufacturers in this industry have contended with numerous economic headwinds in recent years. Most notably, the COVID-19 outbreak and subsequent supply chain disruptions drastically ramped up cost pressures. Fierce overseas competition is also a bone of contention, with low-cost production countries like China and Taiwan eroding demand. Electronic component and board manufacturing revenue is expected to fall at a compound annual rate of 5.5% to €92.2 billion over the five years through 2024, including an estimated decline of 3.7% in 2024.
Enterprises
Number of businesses in 2024
Biggest companies in the Electronic Component & Board 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 Electronic Component & Board 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 Electronic Component & Board Manufacturing industry in Latvia in 2024?
The market size of the Electronic Component & Board Manufacturing industry in Latvia is €42.3m in 2024.
How many businesses are there in the Electronic Component & Board Manufacturing in Latvia industry in 2024?
There are 43 businesses in the Electronic Component & Board Manufacturing industry in Latvia, which has grown at a CAGR of 3.1 % between 2019 and 2024.
Has the Electronic Component & Board Manufacturing industry in Latvia grown or declined over the past 5 years?
The market size of the Electronic Component & Board Manufacturing industry in Latvia has been declining at a CAGR of 5.7 % between 2019 and 2024.
What is the forecast growth of the Electronic Component & Board Manufacturing industry in Latvia over the next 5 years?
Over the next five years, the Electronic Component & Board Manufacturing industry in Latvia is expected to grow.
What does the Electronic Component & Board Manufacturing in Latvia include?
Electronic integrated circuits and Other semiconductors are part of the Electronic Component & Board Manufacturing industry.
How competitive is the Electronic Component & Board Manufacturing industry in Latvia?
The level of competition is moderate and steady in the Electronic Component & Board Manufacturing industry in Latvia.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
Complementors
- Computer & Peripheral Equipment Manufacturing in Latvia
- Communication Equipment Manufacturing in Latvia
- Consumer Electronics Manufacturing in Latvia
- Measuring, Testing & Navigation Equipment Manufacturing in Latvia
- General-Purpose Machinery Manufacturing in Latvia
- Lifting & Handling Equipment Manufacturing in Latvia
Table of Contents
About this industry
Industry definition
Manufacturers in the industry produce semiconductors, other components for electronic application, loaded electronic boards and load components onto printed circuit boards.
Related Terms
INTEGRATED CIRCUIT SEMICONDUCTOR DIODEWhat's included in this industry?
Electronic integrated circuitsOther semiconductorsPrinted circuit boardsPassive electronic componentsCompanies
Industry Code
261 - Manufacture of electronic components and boards in Latvia
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- 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 Electronic Component & Board Manufacturing in Latvia industry?
Outlook
Analysis
What's driving the Electronic Component & Board Manufacturing in Latvia industry outlook?
Volatility
Analysis
What influences volatility in the Electronic Component & Board Manufacturing in Latvia industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Electronic Component & Board Manufacturing in Latvia industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Price competition from overseas markets hurt demand. Manufacturers in the industry contend with fierce overseas competition from low cost production countries like China and Taiwan.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Electronic Component & Board Manufacturing in Latvia industry's products and services performing?
Analysis
What are innovations in the Electronic Component & Board Manufacturing in Latvia industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Electronic Component & Board 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
Market share concentration is low in the industry. Although there are a handful of dominant players, many small manufacturers also specialise in specific product lines and serve niche markets.
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 Electronic Component & Board 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
Electronic component and board manufacturers contend with regulations regarding intellectual property rights (like patents) and materials used in products and standards.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Electronic Component & Board Manufacturing in Latvia industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Volatile raw material prices hit profitability. Since the COVID-19 outbreak, supply chain disruptions triggered a jump in raw material prices, with spiralling demand outstripping supply.
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 Electronic Component & Board 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.
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