Wrist Dive Computer Market expected to grow owing to increasing popularity of water sports

The wrist dive computer market is growing rapidly due to increasing interest of consumers in water sports activities such as scuba diving and snorkelling. A wrist dive computer is a wearable device that records and displays essential diving information such as depth, dive time and ascent rate, and alerts the diver to any potential hazards related to dissolved nitrogen levels in their body. Growing use of wrist dive computers allows divers to plan their dives better and dive safely by monitoring critical parameters.
The global wrist dive computer market is estimated to be valued at US$ 231.41 million in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024 to 2031.
Key Takeaways
Key players in the wrist dive computer market
Key players operating in the wrist dive computer market include 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 developing innovative products with advanced features to gain more customers.
Key opportunities in the wrist dive computer market
There is a rising interest among people to learn water sports, especially scuba diving and snorkelling which is opening up opportunities for wrist dive computer manufacturers to target beginners and enthusiasts. Growth of marine tourism is also driving the demand for wrist dive computers.
Global expansion of the wrist dive computer market
Major players are expanding their presence globally especially in emerging economies which are witnessing growth in leisure and water activities. Companies are also focusing on product localization and developing low-cost offerings to penetrate into price-sensitive markets. Partnerships with local distributors are helping companies strengthen their distribution networks worldwide.
Market drivers
Increasing popularity of water sports: More people are taking up recreational diving and snorkelling owing to growing health awareness and interest in adventure activities. This is a key driver for the wrist dive computer market.
Need for safety compliance: Use of wrist dive computers has become important to plan dives better and adhere to safety limits related to nitrogen absorption. This ensures divers avoid risks of decompression sickness. Compliance with safety regulations is stimulating the demand.
PEST Analysis
Political: The emergence of new regulations or guidelines regarding the recreational diving industry will impact the Wrist Dive Computer Market Demand. Some governing bodies regulate the use and features of dive computers.
Economic: Changes in discretionary consumer spending on recreational activities like scuba diving can influence demand for wrist dive computers. Purchasing decisions may be impacted by economic cycles and income levels.
Social: Participation rates in water sports and scuba diving have increased in recent decades. More divers and snorkelers are choosing to use digital dive computers for safety and convenience compared to traditional methods.
Technological: Continuous advancements are improving the features, functionality, and capabilities of wrist dive computers. New technologies enable greater customization, more accurate display of dive profiles and statistics, and seamless integration with other devices. Larger, higher resolution color displays and longer battery life are expanding the utility of dive computers.
Geographical Regions by Value
The North American and European markets currently account for the largest shares of the global wrist dive computer market in terms of value. Countries with considerable coastal access and underwater tourism like the United States, United Kingdom, Germany and France have strong participation in scuba diving and demand for computerized dive instruments.
Fastest Growing Region
The Asia Pacific region represents the fastest growing geographic segment for wrist dive computers. Nations like Japan, Australia, Thailand, and the Philippines have growing tourism economies reliant on beach destinations and underwater recreational activities. As diving adventure sports become more popular nationally and regionally, sales of wrist dive computers are increasing to meet the needs of new participants and support the development of the diving industry across Asia Pacific.
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About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)