Underwater Connector Market is expected to reach US$ 2.49 Bn in 2027 with key player Birns Aquamate, Birns, Eaton Corporation, Fischer Connectors SA

The global underwater connector market is estimated to account US$ 1.52 Bn in 2018 and is expected to grow at a CAGR of 5.7% during the forecast period 2019 – 2027, to account for US$ 2.49 Bn by 2027.

Underwater connector market operates in a highly-competitive marketplace. As leading companies in this market continues to broaden its addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from regional as well the leading global technology and industrial companies in the world. Market is consolidated at higher level with major eight to ten players comprising 60% of the market share, whereas at the regional level it is highly fragmented with several local players. Technology is witnessing a high growth owing to its increasing applications in several booming industries such as telecommunication, renewable (offshore) energy, ROV/AUV and others.

Manufacturers from several industries are now a days highly focused on achieving new growth mark. Oil & gas industry is major revenue contributor to this market with large number of applications across including power, communication and ROV. The oil & gas industry has been an integral part of the global economic landscape for many centuries. Military, telecommunication and renewable energy are other major industries contributing significant revenue to this market.

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A significant increase in bandwidth is seen across the globe that has led deployment of subsea optic fibers for data transfer. This as a result is expected to drive the market for underwater connectors. Also, maritime conflicts to accentuate the demand for unmanned underwater vehicles (UUV) which in turn is influencing the market for underwater connectors market. Whereas, lack of global standard and void in tailor made connectors for various specific applications are factors restraining the market growth. Further, surging demand for technologically enhanced undersea vehicles among defense forces are creating new opportunities for the market during the forecasted period. A major trend which will push the market growth in coming years is continual advancements in unmanned sub-sea technology.

The underwater connector market by component is segmented into rubber-molded, inductive coupling, fluid-filled underwater mateable connector, and rigid-shell/bulk-headed. Each of the types has its advantages, disadvantages, and functions. Rubber molded connectors are the most commonly used for underwater connections. The fluid-filled connector uses a cavity filled with a dielectric fluid, usually oil, to separate the contact from seawater. The rigid-shell/bulk-headed and inductive coupling connector types are mostly used for high voltage applications in power transmission applications.

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The underwater connector market has been segmented on the basis of connection into electrical, optical fiber, and hybrid. Connectors for underwater use are an essential component of many subsea systems, and they make it easier to conduct onshore or offshore testing, more convenient to manage cabled assemblies and expedite ease of installation at the time of deployment. Underwater connectors are majorly three, types and configurations, a majority of the underwater connectors are either wet-mate or dry-mate having optical and electrical contacts. The optical fibersegment in the underwater connector market, by connection is anticipated to grow at a rapid rate and dominate the underwater connector market by the end of forecast period.

Global Underwater Connector Market – Company Profiles

Birns Aquamate LLC
Birns Inc.
Eaton Corporation
Fischer Connectors SA
Hydro Group PLC
Lemo S.A
Marshall Underwater Industries, Inc.
Seacon Group
Souriau SAS
Teledyne Marine
Gisma Steckverbinder GMBH
C.R. Encapsulation Limited
Glenair
Dwtek CO. Ltd.
Scorpion Oceanics Ltd.

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