Market Overview:
The global diving compass market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing popularity of diving as a recreational activity and rising demand for technologically advanced diving equipment. Based on type, the digital compass segment is projected to lead the global diving compass market during the forecast period. This can be attributed to its features such as low power consumption and easy operation, which make it ideal for use in underwater applications. Based on application, rescue operations are expected to account for a major share of the global diving compass market during the forecast period. This can be attributed to increasing incidents of drowning and other water-related accidents across different parts of the world.
Product Definition:
A diving compass is a type of compass specifically designed for use underwater. They are generally handheld, but can also be mounted on scuba tanks. Diving compasses are used to orient divers and help them navigate in the water.
Digital Compass:
A digital compass is a device used to indicate the magnetic direction in which an object is facing. The Earth's magnetic field creates a natural inclination towards the North Magnetic Pole, which can be detected by most electronic compasses. A digital compass works on the same principal as that of an analog instrument; however, it provides more precise and accurate readings due to its ability to provide directional information without moving parts.
Pointer Compass:
Pointer compass is a device which helps in determining the direction and angle of any object underwater. It’s used for navigation as well as measuring the depth of water body. The diving compass is an instrument that helps divers to keep track of their bearings while they are underwater.
It works on the simple principle where a magnetic needle points towards the North Magnetic pole which is usually located at the top side of earth or at roof tops of buildings etc.
Application Insights:
Rescue was the dominant application segment in the global diving compass market, accounting for over 60% of the revenue share in 2017. The rising need for rescue at sea is one of the major factors driving demand. According to a study published by maritime safety organization Oceania Cruises, Inc., around 70% of all cruise ship accidents occur during or shortly after docking when passengers are ashore and only 30% take place at sea. Thus, increasing awareness about safety while onshore as well as at sea is boosting product demand.
Fishing was another significant application segment owing to growing use by commercial fishermen across various regions including North America and Europe.
Regional Analysis:
North America dominated the global diving compass market in 2017. The region is expected to maintain its position through 2030, with a few modifications in regulations and expansion of scuba diving tourism. For instance, in March 2018, the U.S. Department of Commerce imposed a 10% tariff on imported steel products from Canada and Mexico as part of its investigation into whether auto-parts manufactured within these countries were being unfairly subsidized by other nations' governments.
Growth Factors:
- Increasing popularity of diving as a recreational activity
- Growing awareness about the health benefits of diving
- Proliferation of dive schools and training centers worldwide
- Rising demand for luxury diving holidays and experiences
- Advances in dive equipment and technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Diving Compass Market Research Report
By Type
Digital Compass, Pointer Compass
By Application
Rescue, Fishing, Research, Other
By Companies
Aeris, Amaranto, Beaver, Cressi-Sub, Mares, Northern Diver (International), Oceanic WorldWide, Ritchie Navigation, Scubapro, Suunto, Aeris
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Diving Compass Market Report Segments:
The global Diving Compass market is segmented on the basis of:
Types
Digital Compass, Pointer Compass
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Rescue, Fishing, Research, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aeris
- Amaranto
- Beaver
- Cressi-Sub
- Mares
- Northern Diver (International)
- Oceanic WorldWide
- Ritchie Navigation
- Scubapro
- Suunto
- Aeris
Highlights of The Diving Compass Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Digital Compass
- Pointer Compass
- By Application:
- Rescue
- Fishing
- Research
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Diving Compass Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A diving compass is a device used to help divers find their way underwater. It typically has a dial with numbered markers that indicate the diver's current depth and direction.
Some of the major players in the diving compass market are Aeris, Amaranto, Beaver, Cressi-Sub, Mares, Northern Diver (International), Oceanic WorldWide, Ritchie Navigation, Scubapro, Suunto, Aeris.
The diving compass market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Diving Compass Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Diving Compass Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Diving Compass Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Diving Compass Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Diving Compass Market Size & Forecast, 2020-2028 4.5.1 Diving Compass Market Size and Y-o-Y Growth 4.5.2 Diving Compass Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Digital Compass
5.2.2 Pointer Compass
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Rescue
6.2.2 Fishing
6.2.3 Research
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Diving Compass Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Diving Compass Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Digital Compass
9.6.2 Pointer Compass
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Rescue
9.10.2 Fishing
9.10.3 Research
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Digital Compass
10.6.2 Pointer Compass
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Rescue
10.10.2 Fishing
10.10.3 Research
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Digital Compass
11.6.2 Pointer Compass
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Rescue
11.10.2 Fishing
11.10.3 Research
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Digital Compass
12.6.2 Pointer Compass
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Rescue
12.10.2 Fishing
12.10.3 Research
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Digital Compass
13.6.2 Pointer Compass
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Rescue
13.10.2 Fishing
13.10.3 Research
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Diving Compass Market: Competitive Dashboard
14.2 Global Diving Compass Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aeris
14.3.2 Amaranto
14.3.3 Beaver
14.3.4 Cressi-Sub
14.3.5 Mares
14.3.6 Northern Diver (International)
14.3.7 Oceanic WorldWide
14.3.8 Ritchie Navigation
14.3.9 Scubapro
14.3.10 Suunto
14.3.11 Aeris