Key Market Indicators
Latvia's electronics revenue is projected to surge to approximately €465 million by 2028, up from around €391 million in 2023. This represents an average annual growth rate of 2.8%. Since 2010, Latvia's electronics market has experienced a significant upswing, with an average yearly increase of 5.7%. In the latest rankings for 2023, Latvia was positioned 28th globally. Lithuania marginally outpaced Latvia, also recording revenues of about €391 million. Leading the rankings were Italy, France, and Poland, occupying the second, third, and fourth spots respectively.
