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According to Fortune Business Insights™, the global underwater connectors market size was valued at USD 1.61 billion in 2020. The market is projected to grow from USD 1.66 billion in 2021 to USD 2.45 billion by 2028, exhibiting a CAGR of 6.01% during the forecast period. North America dominated the market in 2020 with a leading market share of 33.95%, attributed to robust naval modernization and an increasing number of subsea exploration projects.

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Published by Rishika Chavan, 2025-07-21 00:37:48

Underwater Connectors Market

According to Fortune Business Insights™, the global underwater connectors market size was valued at USD 1.61 billion in 2020. The market is projected to grow from USD 1.66 billion in 2021 to USD 2.45 billion by 2028, exhibiting a CAGR of 6.01% during the forecast period. North America dominated the market in 2020 with a leading market share of 33.95%, attributed to robust naval modernization and an increasing number of subsea exploration projects.

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