WRIST DIVE COMPUTER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The Wrist Dive Computer Market is estimated to be valued at USD 231.41 Mn in 2024 and is expected to reach USD 330.80 Mn by 2031, growing at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

The wrist dive computer market has witnessed significant growth in recent years owing to the increasing popularity of water sports activities such as scuba diving and snorkeling. A dive computer is an electronic device used by scuba divers and free-divers to measure and record critical parameters like depth, time and nitrogen saturation during a dive. It plays a vital role in optimizing the dive and ensuring safety by monitoring critical parameters and limits such as no decompression limits, residual nitrogen time and oxygen toxicity. With growing concerns over diver safety and popularity of diving as a recreational activity, wrist dive computers have gained prominence over traditional gauges and tables due to their accuracy, ease of use and safety features. Technological innovations have enabled wrist dive computers to come up with advanced features like decompression calculations, gas switching, wireless transmission and connectivity with Bluetooth devices. This has further boosted their adoption rate globally.

Market Dynamics:

The global wrist dive computer market growth is primarily driven by the rising participation in water sports activities, increasing awareness about diver safety, technological advancements and availability of advanced features in dive computers. According to industry estimates, the market for recreational scuba diving has witnessed a compounded annual growth rate of over 5% in the past decade with over 35 million certified divers globally. However, high product and certification costs continue to restrain the market growth to some extent. On the other hand, introduction of affordable divers watches with basic functions by new players is expected to create significant growth opportunities for manufacturers. In addition, ongoing R&D towards miniaturization of components and integration of additional functionalities like heart rate monitoring, compass is likely to present new business prospects over the coming years.

Key features of the study:

• This report provides in-depth analysis of the global wrist dive computer market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global wrist dive computer market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study 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.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global wrist dive computer market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global wrist dive computer market.

Market Segmentation

• By Display Type
  • AMOLED Display
  • MIP Display
•  By Application
  • Military
  • Civilian
• By Regional
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Key Players

• 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
• Garmin Ltd.