North America Underwater Connector Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Type, Connection, and Application

The underwater connector market in North America is expected to grow from US$ 399.35 million in 2022 to US$ 568.97 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2022 to 2028.

The use of advanced subsea systems for commercial and military applications is the major factor driving the North America underwater connector market. The deployment of subsea platforms and the rapid adoption rate of subsea equipment for applications such as submarine communication cables, oceanography, and deep-sea mining have driven the demand for underwater connectors. Rubber molding is one of the most cost-effective lines, and it has been utilized on various underwater instruments, including underwater lighting, communications, and remotely operated vehicles (ROVs). The rubber-molded connector is one of the advanced subsea systems easily adopted in military and oil & gas industries. In 2019, Hydro Group introduced a wide selection of underwater rubber molded connectors that can accommodate various sizes, combinations, and voltages, as well as features including robustness, ease of installation, and cost-effectiveness. Because of the rising need for subsea equipment and platforms in the military and telecommunications industries, market participants focus on boosting the production of rubber-molded underwater connectors for data transfer applications. Further, the demand for autonomous underwater vehicles (AUVs) is driving the underwater connector market. AUVs are deployed for underwater survey missions required in defense, commercial, and scientific research sectors. These vehicles require connectors that are water and corrosion-resistant, as they are majorly exposed to seawater. The implementation of underwater connectors in AUVs provides wireless power transfer, which is increasing their adoption in these vehicles. Thus, the increasing demand for advanced subsea systems for commercial and military applications is driving the underwater connector market.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America underwater connector market. The North America underwater connector market is expected to grow at a good CAGR during the forecast period.

North America Underwater Connector Market Segmentation

The North America underwater connector market is segmented into type, connection, application, and country. - Based on type, the North America underwater connector market is segmented into rubber-molded, inductive coupling, fluid-filled underwater mateable connector, and rigid-shell/bulk headed. The rubber-molded segment led the market in 2022.
In terms of connection, the North America underwater connector market is segmented into electrical, optical fiber, and hybrid. The electrical segment dominated the market in 2022. - Based on application, the underwater connector market is segmented into military & defense, oil & gas, telecommunications, oceanography, ROVs/AUVs, and others. The telecommunications segment held the largest share in 2022. - Based on country, the North America underwater connector market is segmented into the US, Canada, and Mexico. The US held the largest market share in 2022.
Brins Automates LLC, Brins Inc., Fischer Connectors SA, Gisma Steckverbinder GmbH, Glenair, Hydro Group Plc., TE Connectivity, and Teledyne Marine are among the leading companies in the North America underwater connector market.