Rise in the marine infrastructure activities across several nations is expected to create notable increase in the demand for wrist dive computers in the upcoming years. Moreover, surge in the use of this device by recreational scuba divers and service providers as a safety equipment is estimated to fuel sales prospects in the wrist dive computer industry.
Commercial diving is gaining impetus as a promising career option among veterans, ex-military personals, and adventure-seeking individuals across the globe. This factor is boosting the demand for wrist dive computers. At present, there are three wrist dive computer types available in the market, namely, non-air integrated, air integrated, and air/nitrox integrated.
Beginners as well as advanced divers are increasing inclination toward the use of dive computers that have sophisticated designs and are cost-effective & attractive in colors. Thus, market players are producing wrist dive computers as per the needs of end-users. Furthermore, several enterprises are increasing their production capabilities in devices compatible with Mac and Windows PCs.
Manufacturers from the wrist dive computer market are increasing focus on the development of cost-efficient and beginner-friendly devices. Hence, they are increasing investments in R&D activities. Such efforts are estimated to create revenue-generation opportunities in the wrist dive computer industry in the years to come.
Some of the key players in the global wrist dive computer market include Cressi S.p.A., AquaLung International., Genesis Scuba, Garmin Ltd., Oceanic/Huish Outdoors, LLC, and MARES.
Players Utilize Online Sales Channels during COVID-19 Pandemic
While the COVID-19 pandemic has demonstrated negative impact on sales in the wrist dive computer market, companies are focusing on the use of different online sales channels including e-commerce platforms. These efforts are helping players in the wrist dive computer industry to maintain their revenues in spite of the pandemic situations.
Market to Observe Prominent Business Prospects in Asia Pacific and South America
Players in wrist dive computer industry are estimated to gain lucrative opportunities in the Asia Pacific and South America regions owing to increasing number of events including Olympic Games and world championships in these regions. Furthermore, presence of several international as well as local manufacturers in these regions is likely to support the growth of the wrist dive computer market in the years ahead.