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SELBYVILLE, Del., May 11, 2021 /PRNewswire/ According to latest report Underwater Connector Market by Type (Rigid Shell, Inductive Coupling, Rubber Molded, Underwater Electrical Mateable Connectors), Application (Defense, Oil & Gas, Remotely Operated Underwater Vehicles (ROVs)/Autonomous Underwater Vehicles (AUVs), Telecommunication, Oceanographic), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2027 , by Global Market Insights Inc., the market valuation of underwater connectors will cross $1.5 billion by 2027.
Major underwater connector market players include Amphenol Corporation, Birns Aquamate LLC., C.R. Encapsulation Limited, Eaton Corporation, Fischer Connectors SA, and Teledyne Marine.
The market growth is credited to increasing defense budgets across developed economies such as the U.S., China, Russia, the UK, and Germany. The race to gain technological advancement in underwater warfare is allowing major nations to invest in va