The global optical fiber splice market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Fiber optic splice enclosures are used to protect stripped fiber optic cable and fiber optic splices from the environment, and they are available for indoor as well as outdoor mounting. Outdoor fiber optic enclosures are usually weatherproof with watertight seals. As far as the applicability of the optical fiber is considered, these are widely used in telecommunications companies to transmit telephone signals, Internet communication, and cable television signals. They are also utilized in other industries, including government, medical, defense, industrial, and commercial. Thus, the growing demand for optical fiber from all these verticals is surging the market growth.

Some key players operating in the market include Siemens AG, CommScope, Inc., Toshiba Corp., and Corning Inc, among others. The market players are eyeing to strengthen their position in the market by adopting strategies such as mergers and acquisitions, partnerships and collaborations, new product launches and development in the existing product portfolio, and so on. For instance, in January 2020, Furukawa Electric Co., Ltd. has launched sales of its newly developed S124M12 multi-core optical fiber fusion splicer. The S124M Series is designed to enable the user to replace the fiber guide (V-groove unit) for high-precision fiber alignment on their own when splicing optical fibers together. Similarly, these fusion splicers enable the user to splice a variety of optical fiber cables simply by replacing the V-groove base frame.

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- 

o By Type

o By Application

• Competitive Landscape:  Siemens AG, CommScope, Inc., Toshiba Corp., and Corning Inc., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Optical Fiber Splice Market Report Segmentation

By Application 

• FC

• ST

• LC

By Application

• Domestic

• Commercial

• Others

Global Optical Fiber Splice Market by Region