Dive Compasses Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Dive Compasses Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Retail

Report Description

Dive compass is a water resistant gadget used to navigate above water, on the surface, or at depth. The direction of the compass is determined by the free rotating magnetized needle that always points toward magnetic north. The basic dive compass consists of various moving parts and features. The red line that extends from top to bottom of the compass is called the lubber line. The lubber line decides and represents the diver’s direction of travel when held out front pointing straight forward. The compass contains the free rotating surface that not only displays the arrow toward north but also shows calibrated degree marks around its perimeter. The dive compass also contains a calibrated ring on its surface and displays N (North) and S (South) reference marks. This is known as the rotating bezel and is used to set direction to the target. This free rotating bezel also shows calibrated degree marks around its perimeter. This is mainly used to move from specific location to a particular location in advance by the divers. Hence, on the basis of position of north arrow, the reference marks are manually positioned by the diver to maintain a desired course. The first step involved in using a compass is knowing how to hold it. For accurate readings, the compass is held on a level plane so that the North Pole rotates freely. The lubber line plays an important role in exact compass navigation. The lubber line is placed in such a way that it always points in the direction the person wants to go and the body in the direction of the lubber line. The dive compass available in the market is either console mounted or wrist compass. In a console mounted compass, the compass tool is held either in both hands or mounted on a small board by the divers to ensure that they are following the lubber line by holding it in front. However, during the wrist mount compass, hold the arm without compass straight forward and place your compass hand on the elbow to make sure the lubber line is pointing straight ahead for correct readings.

The main drivers of growth of the dive compass market is the growing popularity of underwater tourism such as costal and marine tourism which has led to the growth of underwater navigation aids, and growing need for better navigation instruments for deep sea navigation by explorers. Also, the increasing interest in water sports including scuba diving which is becoming a leading recreational activity, and various promotional campaigns being run by local governments and tour operators in different countries is further fuelling growth of the dive compass market.

The global dive compass market can be categorized on the basis of product type, application, and region. The product type segment can further be classified into northern hemisphere and southern hemisphere. Based on application segment, the global dive compass market can be categorized into fishing, diving and others. In terms of geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Major players in the global dive compass market are Aqua Lung, Aeris, Cressi-Sub, Amaranto, Beuchat, Oceanic WorldWide, Beaver, Tabata, Northern Diver, Suunto, Mares, Seac Sub, Ritchie Navigation, ScubaPro, and RJE International among others. These companies are making huge investments in their product R&D in terms of designs and durability so as to incorporate new technologies in their systems and engage in new partnerships with various distributors and resellers to increase their market share in the dive compass market globally.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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