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Latvia Security Systems Industry Outlook 2024 - 2028

See how Latvia Security Systems performed compared to key markets such as France, Spain and Germany.

Key Market Indicators

RIGA—The Latvian security systems market is poised for steady growth, with revenue projected to climb to approximately €127 million by 2028, up from €118 million in 2023. This marks an average annual growth rate of 1.1%. Since 2013, the sector has seen an average yearly increase of 2.3%, reflecting consistent expansion in the Latvian market. In 2023, Latvia ranked 18th in Europe for security systems revenue, with Romania narrowly ahead, also posting €118 million. Leading the European rankings were Spain, Germany, and Sweden, occupying the second, third, and fourth positions respectively.

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Latvia Security Systems Market Data and Forecasts