The dive computer market is expected to be valued at USD 705.3 million in 2024, with projected moderate growth from 2024 to 2034 at a CAGR of 5.90%. By 2034, the market value is forecasted to hit USD 1,249.40 million.
The rising popularity of recreational diving is fueling the expansion of the dive computer market. With more individuals taking up diving as a leisure activity, the demand for dive computers is on the rise. Recreational divers seek reliable and user-friendly dive computers to enhance their diving experience. In response, manufacturers are introducing new models equipped with advanced features and improved usability to meet this growing demand.
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The advancement of technology is the primary reason behind market growth. Dive computers have become more sophisticated and now offer a wide range of features, including real-time tracking of depth, time, and temperature, as well as decompression calculations. These technological advancements have not only made dive computers more accurate and reliable, but they have also made them more user-friendly, with many models offering intuitive interfaces and easy-to-read displays.
“The increasing availability of dive computers at affordable prices is caused by advancements in technology. As technology has advanced, the cost of manufacturing dive computers has decreased, making them more accessible to a wider range of consumers. Many manufacturers are also offering entry-level dive computers that are affordable and easy to use, which is helping to attract new customers to the market.” – Says an analyst at FMI.
Key Takeaways from the Dive Computer Market
- The dive computer market is estimated to register a CAGR of 5.90%, reaching a valuation of US$ 1,249.40 million by 2034.
- The air-integrated dive computer segment is anticipated to dominate the market by holding a 35.90% market share in 2024.
- The market in India is predicted to develop at a CAGR of 7.30% through 2034.
- The market in Australia is estimated to rise at a CAGR of 6.00% over the forecast period.
- The market in Germany is expected to surge at a CAGR of 3.20% over the forecast period.
- The market in China is predicted to inflate at a 6.20% CAGR between 2024 and 2034.
- The market in the United States is expected to progress at a CAGR of 3.40% over the projected period.
Increased awareness about the benefits of dive computers is also backing up the market. Divers are becoming more aware of the risks associated with diving, including decompression sickness, and are turning to dive computers as a way to manage these risks. By providing real-time information about depth, time, and decompression status, dive computers allow divers to make informed decisions about their dive profiles and reduce the risk of decompression sickness.
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Competitive Landscape
The dive computer market is fiercely competitive, with companies continuously striving to innovate and enhance their products to maintain a competitive edge. Divers are presented with a diverse range of options to suit their specific requirements and financial constraints.
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.
- Others
Recent Development
In 2021, Aqua Lung, a well-known manufacturer of high-end scuba diving and watersports gear, unveiled two new products: the i330R wrist-mounted dive computer and the LEG3ND dive regulator. The i330R is a cost-effective computer that is packed with features and is suitable for both novice and experienced divers. On the other hand, the LEG3ND regulator, which is highly anticipated, is expected to be another top-of-the-line product from Aqua Lung, continuing the brand’s 75-year legacy of producing exceptional diving equipment.
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Key Segments
Product Type:
- Wrist Dive Computers
- Console Dive Computers
- Air Integrated Dive Computers
- Others
By Display Type:
- AMOLED Display
- MIP Display
By End User:
- Beginner/ New Diver
- Casual Diver
- Active Diver
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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