How the Wrist Dive Computer Market is Trending by Increased Focus on Water Sports

 

Global wrist dive computer market

The wrist dive computer market comprises products that help in tracking metrics such as depth, time underwater, water temperature and tank pressure. These devices assist divers to plan their dives and ascertain critical information associated with their safety. Modern wrist dive computers offer GPS features, onboard storage to log dives and connectivity options to share dive logs. They provide advantages like ease of use, convenience and accuracy compared to traditional dive tables or timers. With the rising popularity of recreational diving and water sports activities, the adoption of wrist dive computer has increased considerably.

The Global wrist dive computer market is estimated to be valued at US$ 231.41 Mn in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 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.
Growing demand for wrist dive computers is being witnessed from recreational and professional divers. Features like air integration, gas switching capabilities and wireless data sharing are gaining popularity.
Major players are focusing on global expansion into emerging markets of Asia Pacific and Latin America driven by increasing participation in water sports.

Market Key Trends
One of the key trends observed in the Wrist Dive Computer Market Demand is the integration of advanced technologies like Bluetooth, WiFi and smartphone connectivity. This allows users to access real-time dive profiles, share logs online and receive updates on their wrist dive computers via compatible mobile apps. Features like air integration, gas switching, underwater gps and large memory storage are further propelling the demand. Implementation of cutting-edge sensors to improve metrics tracking accuracy is also a major trend seen in the high-end dive computers.

Porter’s Analysis
Threat of new entrants: Low capital required however already presence of established players makes entry difficult.

Bargaining power of buyers: Buyers have high bargaining power due to availability of substitute and differentiated products from competitors.

Bargaining power of suppliers: Suppliers have moderate bargaining power as raw materials used in manufacturing are commodity chemicals freely available.

Threat of new substitutes: Medium threat as advancement in technology may lead to new substitutes coming in market

Competitive rivalry: High as major players compete on the basis of pricing, features and quality.

Geographical Regions

North America region accounts for around 35% of the total wrist dive computer market value owing to high number of diving enthusiasts and clubs in USA and Canada. Europe is second largest region with around 30% market share led by countries like Germany, UK and Italy having large number of certified scuba divers.

Asia Pacific region is expected to witness highest growth during forecast period. Countries like China, Japan, Indonesia, Thailand and Philippines are increasingly adopting wrist dive computers facilitated by rapid economic development, rising tourism and government initiatives to boost water sports. Growing middle class population with increased disposable income will further drive the demand of wrist dive computers in Asia Pacific.

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About Author:

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.

(https://www.linkedin.com/in/money-singh-590844163)

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