The market for wrist dive computers consists of dive computers that are worn like watches on the wrist. Because they track vital factors including depth, elapsed time, water temperature, and others to prevent decompression sickness, these computers are vital safety equipment for scuba divers. Due to their ability to reduce errors, calculate no-stop dive limitations in real-time, and be more practical to use due to their tiny form factor, wrist dive computers are becoming more and more popular than traditional dive tables. The growing popularity of recreational snorkeling and scuba diving has increased demand for reasonably priced, high-tech wrist dive computers. The market has benefited from the COVID-19 pandemic's increased interest in solitary open-water sports like diving.
The Global wrist dive computer market is estimated to be valued at US$ 330.80 Mn in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the wrist dive computer market are Cressi SpA, Mares, Suunto, Oceanic S.A., Shearwater Research Inc., Sherwood Scuba LLC, Tabata USA, Inc., CREST DIVING, ATMOS, Poseidon Diving System AB, Aqua Lung International, Atomic Aquatics, Johnson Outdoors Inc., Genesis Scuba, and Garmin Ltd. These players are focusing on incorporating advanced features like Bluetooth connectivity, air integration, GPS and dive planning capabilities to sustain their market position.
The availability of low-cost dive computers alongside attractive financing/subscription options will drive the adoption of wrist dive computers among novice and budget-conscious divers. Growing tourism in tropical coastal regions is also opening up new diving sites, heightening the need for dive safety devices.
Major players are expanding their global footprint by strengthening their distribution networks across key diving markets. Product launches catering to specific regions coupled with multi-language support will enable companies to penetrate Asia Pacific and emerging countries presenting significant future opportunities.
Market Drivers
The growing popularity of recreational scuba diving and snorkeling as hobbies is one of the major drivers for the Wrist Dive Computer Market Demand. The number of scuba divers is consistently increasing worldwide due to ease of learning, affordability of equipment and proliferation of attractive diving spots. Wrist dive computers have become an indispensable safety accessory for recreational divers. Their ability to provide real-time dive data minimizes risks associated with diving and enhances the diving experience.
PEST Analysis
Political: Dive computer regulations differ in various countries and regions. Government authorities regulate diving activities and certifications.
Economic: The economic growth of water sports and tourism has boosted the wrist dive computer market. Rising disposable incomes has increased recreational diving.
Social: Scuba diving has gained popularity as a hobby and adventure sport. More people are taking up recreational scuba diving, driving the demand for dive computers.
Technological: Advanced technologies have improved the functionalities of dive computers. Features like wireless data transfer, camera integration, and GPS are becoming standard. Touchscreens and mobile apps have enhanced user experience.
Geographical regions of concentration
The Asia Pacific region has emerged as a major market for wrist dive computers in terms of value, driven by tourism and economic growth in countries like Thailand, Indonesia, Malaysia and India. Growing interest in water adventures is contributing to the market growth.
Fastest growing region
North America is expected to witness the fastest growth during the forecast period. Presence of large number of diving sites along with government initiatives to promote water sports is supporting the regional market. Increasing environmental concerns are also driving the sales of advanced dive computers.
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