Market Research Report
Underwater Connectors Market Size, By Type, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027
|Published by||Global Market Insights Inc.||Product code||1003989|
|Published||Content info||238 Pages
Delivery time: 2-3 business days
|Underwater Connectors Market Size, By Type, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027|
|Published: May 6, 2021||Content info: 238 Pages||
The underwater connectors market industry is set to witness promising growth by 2027 due to rising product demand across several application avenues like oil & gas, telecommunication, oceanographic, and defense among others.
Underwater connectors are specifically designed to bear harsh environments which includes corrosive seawater, pressure, shock and vibration. These connectors are also termed as subsea connectors and marine connectors and offer reliability as well as performance to users.
Lately, waterproof connectors are witnessing robust demand in numerous applications ranging from outdoor and marine technologies to consumer devices that have very high exposure to changing degrees of moisture. These are specifically designed to bear the changing degrees of entrance of water as well as other conditions, like very cold temperatures or high saline environments.
At present, numerous key participants are involved in novel product launches to gain a competitive edge as well as to expand their customer base. Citing an instance, in April 2021, Fischer Connectors, a leading connectivity solution provider, reportedly announced plans of extending its flagship series of full-rugged and extreme-environment connectors with two novel products, namely the standard Fischer UltiMate™ and the Fischer UltiMate™ 80 connector.
Ecologically sealed to withstand extreme vibrations and shocks, these reliable and durable devices are best to interconnect hubs, devices, equipment as well as embedded electronic systems mainly where weight matters, for instance in unmanned vehicles, robotics, marine & underwater, instrumentation, industrial, and defense & security.
The underwater connectors market is segmented in terms of type, application, and regional landscape.
Talking of type, the market for underwater connectors is classified into underwater electrical mateable connectors, rubber molded, inductive coupling, and rigid shell. Among these, the underwater electrical mateable connectors segment will witness a market growth of more than 7.5% by the end of 2027. The growth is accredited to the rising product demand in ROV/AUV applications.
Underwater mateable electrical connectors provide a higher degree of flexibility and also allow for maintenance & repairs in critical conditions.
In terms of application, the overall underwater connectors market is categorized into oceanographic, telecommunication, ROVs/AUVs, defense, and oil & gas. Oceanographic segment will witness a market growth of about 5.0% by the end of the analysis timeline. Rising government efforts for deep sea explorations coupled with the discovery of new reservoirs will accelerate the segment growth.
From a regional frame of reference, in 2020, the Middle East & Africa witnessed a market growth of around 6.5% and will continue to exhibit robust growth over the coming years. Growing government initiatives to accelerate establishment of offshore oil & gas exploration in the region will add towards regional market growth.