Industry Background:
A diving computer, personal decompression computer, square console watch, or decompression meter is a device that is used by an underwater diver to measure the time and depth of a dive so that a safe ascent profile can be calculated and displayed. It helps in reducing the need to carry a separate depth gauge and watch to measure the dive depth and time. Additionally, these computer keeps one from getting bent by doing rapid and continuous measurement of the bottom time and depth. With the growing water sports activities such as scuba diving, expanding demand for certified dive professionals are few factors driving the global diving computer market.This growth is primarily driven by Increasing Adaption in the Defense Industry
.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Sensor Systems sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Suuto Zoop (Finland), Suunto D6I Novo (Finland), Suunto Eon Steel (Finland), Mares Puck Pro (Singapore), Mares Smart (Italy), Cressi Giotto (Italy), Cressi Leonardo (Italy), Oceanic OCI (United States), Oceanic geo 2.0 (United States) and Shearwater Research (Canada), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In December 2020, Garmin acquired Descent Software, a developer of decompression algorithms for dive computers. This acquisition will allow Garmin to improve the decompression capabilities of its dive computers.
In November 2023, Shearwater Research has launched two new models of compact watch-style dive computer, the Tern and Tern TX, designed specifically with sports divers in mind. The new models are powerful, simple, reliable, and the most compact dive computers the Canadian company has ever brought to market.There are various companies serving in the Diving Computer market, these players are operating in the new geographical regions by focusing on various market growth initiatives such as mergers & acquisitions, expansions, investments, and others. Also, several new players are also planning to enter this market by constantly engaging in research development and product launch activities.
Regulatory Insights:
"Dive computers may be used to compute decompression status during nitrox dives. Manufacturers’ guidelines and operations instructions should be followed. The use of Nitrox dive computers should comply with dive computer guidelines included in the AAUS Standards. Nitrox dive computer users should demonstrate a clear understanding of the display, operations, and manipulation of the unit being used for nitrox diving prior to using the computer, to the satisfaction of the DSO or designee. Only those makes and models of dive computers specifically approved by the Diving Control Board may be used."
Influencing Trend:
Increasing Demand for Divers in the Oil & Gas Industry Globally
Market Growth Drivers:
Increasing Adaption in the Defense Industry, Rising Demand for Wrist Dive Computer due to Smaller Size and Rise in Disposable Income in Emerging Countries
Challenges:
Healthcare Challenges Related to Divers is Posing a Challenge for the Market
Restraints:
Occurrence of Numerous Diving Accidents is Hampering the Market Growth.
Opportunities:
Growing Demand for Wrist Dive Computer of Lesser Cost and Data Display on One Screen and Demand for Underwater filming and Documentaries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Diving Computer Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Diving Computer Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Diving Computer players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Diving Computer Study Sheds Light on
The Diving Computer Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Diving Computer industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Diving Computer industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.