The underwater connector market size has grown strongly in recent years. It will grow from $3.54 billion in 2024 to $3.78 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increasing offshore oil and gas exploration, telecommunication subsea cable networks, underwater research and surveillance, growth in submarine fiber optic systems, increase in subsea mining activities, renewable energy expansion.
The underwater connector market size is expected to see strong growth in the next few years. It will grow to $4.95 billion in 2029 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to demand for high-bandwidth connectivity, climate monitoring and research, deep-sea exploration, focus on lightweight and compact connectors, increased demand for unmanned underwater vehicles (UUVs). Major trends in the forecast period include advancements in underwater robotics and AUV technology, submarine cable systems for telecommunications, growth in underwater surveillance and monitoring, miniaturization and high-density connectors, focus on high-speed data transmission, advancements in materials and coating technologies.
An increase in oil and gas exploration is anticipated to drive the growth of the underwater connector market in the future. Oil and gas exploration encompasses the methods and techniques used to identify potential drilling and extraction sites for oil and gas. Underwater connectors are designed to endure challenging conditions, including pressure, corrosive seawater, and shocks, during the exploration of oil and gas. For example, in 2022, the India Brand Equity Foundation, an export promotion agency based in India, reported that the Indian government invested $2.86 billion to double oil and gas production by drilling over 120 exploration wells. Consequently, the rise in oil and gas exploration is fueling the growth of the underwater connector market.
The growing demand for telecommunications expansion is expected to propel the underwater connectors market in the coming years. Telecommunications expansion refers to the development and enhancement of telecommunication networks, infrastructure, and services. Underwater connectors play a crucial role in telecommunications by facilitating the connection and transmission of signals in underwater environments, thus aiding global connectivity and high-speed communication. For instance, a report by Punch Nigeria Limited, a Nigeria-based newspaper company, revealed that global spending on pay television and telecommunications services reached $1.48 trillion in 2022 and is projected to grow by 2% by 2024, totaling $1.54 trillion. Therefore, the increasing demand for telecommunications expansion is driving the growth of the underwater connectors market.
Product innovation is a significant trend in the underwater connector market. Leading companies in this sector are focused on developing new products with advanced features to enhance their market position. For example, in March 2022, TE Connectivity, a Switzerland-based firm specializing in underwater connectors, introduced the state-of-the-art Generation Y 68P Sealed Hybrid Inline Connector. This product simplifies the manufacturing process for OEMs, reduces the number of connections, streamlines the supply base, lowers costs, and consolidates signal, power, and data connectivity into a single connector.
Key players in the underwater connector market are concentrating on launching innovative products, such as compact hybrid underwater connectors, to offer a space-efficient, all-in-one connectivity solution for power, data, and communication in challenging marine environments. A compact hybrid underwater connector is a specialized device that integrates both electrical and optical channels into a compact design, enabling reliable communication and power transfer in underwater settings while minimizing space requirements. For instance, in January 2024, MacArtney A/S, a Denmark-based company that produces underwater technology products and systems, unveiled the TrustLink Hybrid connector. This connector includes two optical channels and four electrical contacts, merging power, data, and communication capabilities in a compact format, making it perfect for confined spaces in demanding marine conditions. Its versatility and reliability promote high-speed data transmission with minimal signal loss, ensuring strong connections and reducing operational complexities in subsea and offshore applications.
In July 2022, Deepsea Technologies, a UK-based manufacturer of equipment and machinery for subsea oil and gas field development projects, acquired AFGlobal for an undisclosed sum. This acquisition will enable Deepsea Technologies to broaden its business reach, including in North and South America, the UK, Europe, Africa, Asia, and Australia. AFGlobal is a UK-based company active in the underwater connector market.
Major companies operating in the underwater connector market are Amphenol Corporation, Birns Inc., C.R. Encapsulation Ltd., Fischer Connectors Holding SA, Eaton Corporation, Teledyne Marine, Hydro Group, Glenair Inc., MacArtney, 3M Company, Baker Hughes Company, TE Connectivity Corp., Lemo S.A., ODU-USA, SubConn Inc., Sea & Land Technologies Pty. Ltd., Impulse Embedded Limited, Marshall Underwater Industries, Blue Logic, Souriau-Sunbank by Eaton, Blue Robotics, Seacon Phoenix LLC, LEMO Connectors, HARTING Technology Group, Hirose Electric Co.Ltd., Smiths Interconnect, Winchester Electronics, Weald Electronics Ltd.
North America was the largest region in the underwater connector market in 2024. Asia-Pacific is expected to be the fastest-growing region in the underwater connector market report during the forecast period. The regions covered in the underwater connector market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the underwater connector market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Underwater connectors, also known as marine or subsea connectors, are specialized engineering devices designed to withstand harsh conditions prevalent in deep-sea environments, including extreme pressure, vibrations, shocks, and the corrosive nature of seawater.
These connectors are primarily categorized into several types such as rigid shell, inductive coupling, rubber-molded, and electrically mateable. A rigid shell connector comprises a sturdy exterior engineered to resist shocks, providing enhanced stability, strength, and lockability due to its hardened structure. These connectors facilitate various types of connections, including electrical, optical fiber, and hybrid technologies, catering to applications across industries such as oil and gas, military and defense, telecommunications, remotely operated vehicles (ROVs) / autonomous underwater vehicles (AUVs), oceanography, and other related fields.
The underwater connector market research report is one of a series of new reports that provides underwater connector market statistics, including underwater connectors industry global market size, regional shares, competitors with an underwater connector market share, detailed underwater connector market segments, market trends and opportunities, and any further data you may need to thrive in the underwater connector industry. The underwater connector market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The underwater connector consists of a dry-mate connector, a wet-mate connector, and a fluid-filled underwater mateable connector. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The underwater connector market size is expected to see strong growth in the next few years. It will grow to $4.95 billion in 2029 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to demand for high-bandwidth connectivity, climate monitoring and research, deep-sea exploration, focus on lightweight and compact connectors, increased demand for unmanned underwater vehicles (UUVs). Major trends in the forecast period include advancements in underwater robotics and AUV technology, submarine cable systems for telecommunications, growth in underwater surveillance and monitoring, miniaturization and high-density connectors, focus on high-speed data transmission, advancements in materials and coating technologies.
An increase in oil and gas exploration is anticipated to drive the growth of the underwater connector market in the future. Oil and gas exploration encompasses the methods and techniques used to identify potential drilling and extraction sites for oil and gas. Underwater connectors are designed to endure challenging conditions, including pressure, corrosive seawater, and shocks, during the exploration of oil and gas. For example, in 2022, the India Brand Equity Foundation, an export promotion agency based in India, reported that the Indian government invested $2.86 billion to double oil and gas production by drilling over 120 exploration wells. Consequently, the rise in oil and gas exploration is fueling the growth of the underwater connector market.
The growing demand for telecommunications expansion is expected to propel the underwater connectors market in the coming years. Telecommunications expansion refers to the development and enhancement of telecommunication networks, infrastructure, and services. Underwater connectors play a crucial role in telecommunications by facilitating the connection and transmission of signals in underwater environments, thus aiding global connectivity and high-speed communication. For instance, a report by Punch Nigeria Limited, a Nigeria-based newspaper company, revealed that global spending on pay television and telecommunications services reached $1.48 trillion in 2022 and is projected to grow by 2% by 2024, totaling $1.54 trillion. Therefore, the increasing demand for telecommunications expansion is driving the growth of the underwater connectors market.
Product innovation is a significant trend in the underwater connector market. Leading companies in this sector are focused on developing new products with advanced features to enhance their market position. For example, in March 2022, TE Connectivity, a Switzerland-based firm specializing in underwater connectors, introduced the state-of-the-art Generation Y 68P Sealed Hybrid Inline Connector. This product simplifies the manufacturing process for OEMs, reduces the number of connections, streamlines the supply base, lowers costs, and consolidates signal, power, and data connectivity into a single connector.
Key players in the underwater connector market are concentrating on launching innovative products, such as compact hybrid underwater connectors, to offer a space-efficient, all-in-one connectivity solution for power, data, and communication in challenging marine environments. A compact hybrid underwater connector is a specialized device that integrates both electrical and optical channels into a compact design, enabling reliable communication and power transfer in underwater settings while minimizing space requirements. For instance, in January 2024, MacArtney A/S, a Denmark-based company that produces underwater technology products and systems, unveiled the TrustLink Hybrid connector. This connector includes two optical channels and four electrical contacts, merging power, data, and communication capabilities in a compact format, making it perfect for confined spaces in demanding marine conditions. Its versatility and reliability promote high-speed data transmission with minimal signal loss, ensuring strong connections and reducing operational complexities in subsea and offshore applications.
In July 2022, Deepsea Technologies, a UK-based manufacturer of equipment and machinery for subsea oil and gas field development projects, acquired AFGlobal for an undisclosed sum. This acquisition will enable Deepsea Technologies to broaden its business reach, including in North and South America, the UK, Europe, Africa, Asia, and Australia. AFGlobal is a UK-based company active in the underwater connector market.
Major companies operating in the underwater connector market are Amphenol Corporation, Birns Inc., C.R. Encapsulation Ltd., Fischer Connectors Holding SA, Eaton Corporation, Teledyne Marine, Hydro Group, Glenair Inc., MacArtney, 3M Company, Baker Hughes Company, TE Connectivity Corp., Lemo S.A., ODU-USA, SubConn Inc., Sea & Land Technologies Pty. Ltd., Impulse Embedded Limited, Marshall Underwater Industries, Blue Logic, Souriau-Sunbank by Eaton, Blue Robotics, Seacon Phoenix LLC, LEMO Connectors, HARTING Technology Group, Hirose Electric Co.Ltd., Smiths Interconnect, Winchester Electronics, Weald Electronics Ltd.
North America was the largest region in the underwater connector market in 2024. Asia-Pacific is expected to be the fastest-growing region in the underwater connector market report during the forecast period. The regions covered in the underwater connector market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the underwater connector market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Underwater connectors, also known as marine or subsea connectors, are specialized engineering devices designed to withstand harsh conditions prevalent in deep-sea environments, including extreme pressure, vibrations, shocks, and the corrosive nature of seawater.
These connectors are primarily categorized into several types such as rigid shell, inductive coupling, rubber-molded, and electrically mateable. A rigid shell connector comprises a sturdy exterior engineered to resist shocks, providing enhanced stability, strength, and lockability due to its hardened structure. These connectors facilitate various types of connections, including electrical, optical fiber, and hybrid technologies, catering to applications across industries such as oil and gas, military and defense, telecommunications, remotely operated vehicles (ROVs) / autonomous underwater vehicles (AUVs), oceanography, and other related fields.
The underwater connector market research report is one of a series of new reports that provides underwater connector market statistics, including underwater connectors industry global market size, regional shares, competitors with an underwater connector market share, detailed underwater connector market segments, market trends and opportunities, and any further data you may need to thrive in the underwater connector industry. The underwater connector market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The underwater connector consists of a dry-mate connector, a wet-mate connector, and a fluid-filled underwater mateable connector. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Underwater Connector Market Characteristics3. Underwater Connector Market Trends and Strategies4. Underwater Connector Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Underwater Connector Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Underwater Connector Market34. Recent Developments in the Underwater Connector Market
5. Global Underwater Connector Growth Analysis and Strategic Analysis Framework
6. Underwater Connector Market Segmentation
7. Underwater Connector Market Regional and Country Analysis
8. Asia-Pacific Underwater Connector Market
9. China Underwater Connector Market
10. India Underwater Connector Market
11. Japan Underwater Connector Market
12. Australia Underwater Connector Market
13. Indonesia Underwater Connector Market
14. South Korea Underwater Connector Market
15. Western Europe Underwater Connector Market
16. UK Underwater Connector Market
17. Germany Underwater Connector Market
18. France Underwater Connector Market
19. Italy Underwater Connector Market
20. Spain Underwater Connector Market
21. Eastern Europe Underwater Connector Market
22. Russia Underwater Connector Market
23. North America Underwater Connector Market
24. USA Underwater Connector Market
25. Canada Underwater Connector Market
26. South America Underwater Connector Market
27. Brazil Underwater Connector Market
28. Middle East Underwater Connector Market
29. Africa Underwater Connector Market
30. Underwater Connector Market Competitive Landscape and Company Profiles
31. Underwater Connector Market Other Major and Innovative Companies
35. Underwater Connector Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Underwater Connector Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on underwater connector market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for underwater connector ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The underwater connector market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- the market characteristics section of the report defines and explains the market.
- the market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- the forecasts are made after considering the major factors currently impacting the market. These include:
- the forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- the regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- the competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- the trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Rigid Shell; Inductive Coupling; Rubber Molded; Electrical Mateable2) by Connection: Electrical; Optical Fiber; Hybrid
3) by Application: Oil and gas; Military and Defense; Telecommunication; ROVs or AUVs; Oceanography; Other Applications
Subsegments:
1) by Rigid Shell: Circular Connectors; Rectangular Connectors2) by Inductive: Non-Contact Inductive Couplers; Contactless Power Transfer Connectors
3) by Rubber Molded: Standard Rubber Molded Connectors; Custom Rubber Molded Solutions
4) by Electrical Mateable: Waterproof Electrical Connectors; Submersible Electrical Connectors
Key Companies Mentioned: Amphenol Corporation; Birns Inc.; C.R. Encapsulation Ltd.; Fischer Connectors Holding SA; Eaton Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Underwater Connector market report include:- Amphenol Corporation
- Birns Inc.
- C.R. Encapsulation Ltd.
- Fischer Connectors Holding SA
- Eaton Corporation
- Teledyne Marine
- Hydro Group
- Glenair Inc.
- MacArtney
- 3M Company
- Baker Hughes Company
- TE Connectivity Corp.
- Lemo S.A.
- ODU-USA
- SubConn Inc.
- Sea & Land Technologies Pty. Ltd.
- Impulse Embedded Limited
- Marshall Underwater Industries
- Blue Logic
- Souriau-Sunbank by Eaton
- Blue Robotics
- Seacon Phoenix LLC
- LEMO Connectors
- HARTING Technology Group
- Hirose Electric Co.Ltd.
- Smiths Interconnect
- Winchester Electronics
- Weald Electronics Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | February 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 3.78 Billion |
Forecasted Market Value ( USD | $ 4.95 Billion |
Compound Annual Growth Rate | 7.0% |
Regions Covered | Global |
No. of Companies Mentioned | 29 |