Okay so I did some more detailed research and really put that MBA to good use. I used a bunch of different metrics and came out with answers that converged good enough to answer it in my mind. Some of the metrics I used: 1. list of most populus cites, guess at how many active dive shops with technical divers, and about how many divers per shop (example big city might have 5 shops with tech divers and 7-10 actives divers, smaller towns smaller numbers etc.) 2. Total numbers of divers and % of tech divers 1-3%, 3. One article in 99 said there were 1000 techies in the UK. 4. several articles I found with vauge references to numbers 5. Number of dive shops in the US times average amount of techies per dive shop. 6. Amount of divers who have spent over $10k on their gear 7. numbers of similar types of extreame sports (basejumping, high level white water rafting, etc. 8. 15,000 ish registered users on decostop.com
I used all of these to come up with some numbers and wanted to get some feedback on what you thought.
Broad category size: 50,000: This does not include folks with basic Nitrox, includes people who do some type of extended range, or decompression, cave, wreck, etc. even though they may not be fully certified.
Base category size: 20-30k: This includes properly certified technical divers who have likely invested close to the average $10-15k in their own technical diver gear.
Active category size: 8-12k: Globally at any given time there are probably only this many techies really actively diving (at least 5 dives a year)... it probably tends towards the lower end of this range.
I'm still playing around with some of the rev numbers but I think that the market is probably in the $25-50M if you include gear, travel, training, etc.
What do you guys think?
Back in the mid 90's there was a lot of excitement that this was going to grow very quickly, but I was not able to find any evidence of this at all. Too much time and $ investment for most people.