Underwater Connectors Market Size By Type (Rigid Shell, Inductive Coupling, Rubber Molded, Underwater Electrical Mateable Connectors), By Application (Defense, Oil & gas, ROVs/AUVs, Telecommunication, Oceanographic), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2026

Published Date: Nov 2019  |  Report ID: GMI4234  |  Authors: Ankita Bhutani, Preeti Wadhwani

Report Format: PDF   |   Pages: 195   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Underwater Connectors Market size exceeded USD 1 billion in 2018 and is estimated to grow at over 6% CAGR between 2019 and 2026.
 

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An underwater connector is one of the crucial components of any system and helps in connecting the cables along with providing electrical junction points for the system. The underwater connector acts as a connecting point between cables and systems. Major sectors in the underwater connector include oil & gas, defense, ROVs/AUVs, telecommunication, and oceanographic.
 

The underwater connectors market is growing owing to its growing applications in underwater survey missions in defense, commercial and research institutes. Major industry players are investing in new technologies and raw materials to manufacture more reliable & high-performance connectors for deep-sea applications. For instance, in February 2018, GISMA Steckverbinder introduced new miniature connectors for underwater applications. This new connector has a strong titanium housing along with double O-ring sealing area, which is suitable for small sensor housing. The connector also includes longitudinally watertight PEEK insulator for increased efficiency.
 

The rising investments in sea exploration and deep-sea expeditions are some of the major drivers for the underwater connectors market demand. Most of the countries are now focusing on the underwater mineral reserves and natural gas resources to cut down their crude oil import expenses. Rising technological advancements and the demand for high-speed data transmission are also contributing to market growth.
 

Underwater Connectors Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: Over USD 1 Billion (2018)
Historical Data for: 2015 to 2018 Forecast Period: 2019 to 2026
Forecast Period 2019 to 2026 CAGR: 6% 2026 Value Projection: Over USD 1.8 Billion (2026)
Pages: 195 Tables, Charts & Figures: 220
Geographies covered (22): U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, Russia, China, India, Japan, Australia, South Korea, Saudi Arabia, UAE, South Africa, Israel, Brazil, Argentina, Mexico, Colombia
Segments covered: Type, Application and Region
Companies covered (19): Amphenol Corporation, Baker Hughes (GE Company LLC.), Birns Aquamate LLC, BIRNS, Inc., C.R. Encapsulation Limited, DWTEK CO. Ltd., Eaton Corporation, Fischer Connectors SA, Gisma Steckverbinder GMBH, Glenair, Inc, Hydro Group PLC., Lemo S.A, Marshall Underwater Industries, Inc., MacArtney Group, OneSubsea (Schlumberger Limited), Scorpion Oceanics Ltd, Seacon Group, Souriau, Teledyne Marine (Teledyne Technologies Inc.)
Growth Drivers:
  • Rise in telecommunication market
  • Introduction of deep-sea mining
  • Increasing defense budget curtaining to naval forces
  • Increasing oil & gas mining activities
Pitfalls & Challenges:
  • High installation and maintenance cost
  • Few market players engaging in long term contracts, limiting growth opportunities
  • Highly customized requirement of client limiting the business opportunities

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Increasing demand for underwater solutions for Defense

The major defense systems, in which the underwater connectors are installed include submarine, naval ships, and cruises. The underwater connectors market is segmented into various types including rigid shell, inductive coupling, underwater electrical mateable, and rubber molded connectors. The inductive coupling market is expected to grow at a CAGR of over 7% due to the high demand for electric generators and motors in various defense applications. The defense sector is engaged in enhancing and introducing new & advanced systems that will support the security at harbors. For instance, in July 2018, the Indian Navy launched an Integrated Underwater Harbor Defense and Surveillance System (IUHDSS). The system integrates electro-optic cameras, sonars, and radars to enhance the safety of valuable assets against asymmetric threats. The sensors installed provide real-time situational awareness for the analysis and monitoring of the harbor.
 

Increasing oil & gas exploration activities across the globe

Oil & gas exploration activities involve a substantial amount of data and power transmission from sea to the shore. The data is transferred with the help of electric and fiber optic cables. The industry participants are engaged in developing the underwater connectors with superior capability and support the efficient working of subsea systems even under harsh underwater environments. For instance, in May 2019, Hydro Group Plc introduced Hydro Rubber Moulded (HRM) underwater connectors with a wide range of sizes, combinations, and voltages. Underwater connectors offer a superior degree of flexibility due to the use of high-quality materials including brass, titanium, PEEK (Polyether Ether Ketone), and stainless steel on flanges, bulkhead, and panel mounts.
 

Introduction of 5G and the rising demand for high-speed internet in Asia Pacific

APAC Underwater Connector Market Size, By Application, 2015-2026, (USD Million)
APAC Underwater Connector Market Size, By Application, 2015-2026, (USD Million)

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The telecommunication market segment is expected to grow at a CAGR of over 9% due to the presence of developing nations in the regions including India, China, Malaysia, and Singapore. Increasing data consumption across the region is promoting the telecommunication market. The major industry players are engaged in developing advanced cables and connectors, which can display capabilities to transfer several terabytes within seconds to serve the potential market. Additionally, several other factors including increased coverage of satellites and introduction of the 5G network will also supports the growth of the telecommunication market. For instance, in October 2019, China launched commercial 5G that provides high-speed internet and data transmission to expand the 5G network coverage in over 50 cities in a short timeframe.
 

Top underwater connector manufacturers in North America

North America Underwater Connectors Market Size, By Region, 2015-2026, (USD Million)
North America Underwater Connectors Market Size, By Region, 2015-2026, (USD Million)

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North America held a market share of over 18% in 2018 due to the presence of major market players in AUVs/ROVs, drilling systems, and OEMs. The industry players in the region are engaged in providing enhanced support & services to the defense sector to strengthen the coastal areas. The enhancement also refers to contracts related to the modification of underwater vehicles over the study timeframe. For instance, in September 2019, Hydroid Inc., a subsidiary of Kongsberg Defense, was offered a modification contract from the U.S. Navy to provide support & modification of the Mk 18 family of UUV systems.  
 

The U.S. underwater connectors market holds a majority of the industry revenue share in North America due to the presence of large manufacturers and the entrance of software providers in the market. For instance, in October 2017, Facebook and Microsoft laid over 6,000 km high-speed internet cable. The cable was laid across the Atlantic and stretches from North Virginia in the U.S. to Bilbao in Spain. The new high-speed internet started its service in 2018 and supported over 70 million high-definition streaming at once.
 

Underwater connectors industry characterized by long term contracts between players

The companies operating in the market are focusing on long-term contracts with other players and system manufacturers to capture the market share in 2018. For instance, Riken Dengu Seizo Co., Ltd. signed a long-term partnership with Hydro Group. Under this partnership, Riken Dengu Seizo will act as an official distributor for Hydro Group in the Japanese market. The new partnership will help Hydro Group to expand its geographical reach and increase the market share in the market.
 

Some of the major industry players operating in the underwater connectors market include Teledyne Marine, Seacon Group, Birns Aquamate LLC., Birns Inc., Encapsulation Limited, Dwtek CO. Ltd. Eaton Corporation, Fischer Connectors SA., Gisma Steckverbinder GMBH, Glenair. Hydro Group PLC, Lemo S.A, Marshall Underwater Industries, Inc., Scorpion Oceanics Ltd., and Amphenol Corporation.
 

The underwater connectors market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD from 2015 to 2026, for the following segments:

By Type

  • Rigid Shell
  • Inductive Coupling
  • Rubber Molded
  • Underwater Electrical Mateable Connectors

By Application

  • Defense
  • Oil & gas
  • ROVs/AUVs
  • Telecommunication
  • Oceanographic

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Russia
    • Italy
    • Netherlands
  • APAC
    • China
    • Japan
    • India
    • Australia
    • South Korea
  • LAMEA
    • Brazil
    • Mexico
    • Argentina
    • Colombia
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE
    • Israel
       

Frequently Asked Questions (FAQ) :

An underwater connector is one of the crucial components of any system and helps in connecting the cables along with providing electrical junction points for the system.
The underwater connectors market growth will be driven by rising investments in sea exploration and deep-sea expeditions. Moreover, rising technological advancements and demand for high-speed data transmission are also contributing to market demand.
The inductive coupling market is expected to grow at a CAGR of over 7% from 2019 to 2026 due to high demand for electric generators and motors in various defense applications.
North America underwater connector market held an industry share of over 18% in 2018 due to presence of major market players in AUVs/ROVs, drilling systems, and OEMs.

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