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:
Market Segmentation
Key Players
Table of Contents
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