Transparency Market Research delivers key insights into the global wrist dive computer market. In terms of revenue, the global wrist dive computer market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global wrist dive computer market.
The global market for wrist dive computers is largely affected by numerous factors, including growth in diving tourism and rising participating of scuba divers in marine conservation. The rising trend of fashion-conscious consumers preferring colorful wrist straps and flexible designs are driving the global wrist dive computer market.
Wrist Dive Computer Market: Key Segments
The global wrist dive computer market has been segmented on the basis of type, display, pressure, navigation, memory, price, distribution channel, and region. Based on type, the wrist dive computer market has been divided into air integrated, non-air integrated, and air/nitrox integrated. The demand for durable wrist dive computers featuring enhanced battery life and improved dive storage capacity is very high across key regions such as Asia Pacific and South America. Moreover, the demand for scuba diving is anticipated to expand at a significant CAGR during the forecast period, owing to the frequent launch of new products.
In terms of display, the market has been classified into backlit display and non-backlit display. Backlit display is easy to read at a glance in low light environments, even in poor conditions, especially to old eyes. Wrist dive computers with display are easy to use and can change the display while diving. Based on display, the market is expected to expand at a CAGR of 4.1% during the forecast period. Changing lifestyle, rise in disposable income, increase in use of connected wearable, and modified spending habits on leisure activities are the factors triggering the demand for wrist drive computers in developed countries. The rise in popularity of water sports and increase in preference for scuba diving are likely to boost the wrist dive computer market.
Wrist Dive Computer Market: Prominent Regions
The global wrist dive computer market has been divided into North America (U.S., Canada, and Rest of North America), Europe (Germany, U.K., France, and Rest of Europe), Asia Pacific (China, Japan, India, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa), and South America (Brazil and Rest of South America). The demand for wrist dive computers in Asia Pacific and South America is anticipated to expand at a faster pace than any other region in the upcoming years, owing to increasing number of local manufacturers and penetration of international brands and events such as world championships and Olympic Games in these regions. Furthermore, the market in Asia Pacific is expected to expand at a CAGR of 4.5% during the forecast period. In Asia Pacific, the wrist dive computer market generated revenue worth US$ 0.079 Bn in 2020. China and India are major countries contributing to the overall demand for wrist dive computers in the region. Rising population and large number of middle class families in emerging countries with increasing disposable income influence consumers to invest in home care and personal care products. Furthermore, rapid urbanization and increasing dual-income households’ leads to the increasing adoption.
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Wrist Dive Computer Market: Key Players
Key players operating in the global wrist dive computer market are AquaLung International., Cressi S.p.A., Garmin Ltd., Genesis Scuba, MARES, Oceanic/Huish Outdoors, LLC. Scubapro/Johnson Outdoors Inc., Seacsub SPA, Shearwater Research Inc., Suunto/Amer Sports Brand, and Tusa/Tabata Co., Ltd.
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