Fibber Optic Splice Closures (FOSC) Market By Type (Dome Type, Horizontal Type), By Application (Aerial, Underground) End Users (Manufacturing Companies) Region (North America, Europe, Asia Pacific, Middle East and Africa and South America), Global Forecast 2022 to 2032

Recent advances in fibre optic technology have enabled the rapid growth of high-speed internet connections and networks. To keep up with this demand, specialized components like Fibber Optic Splice Closures (FOSC) are needed to ensure that these connections remain stable and reliable. 

Drivers of the Fibber Optic Splice Closures (FOSC) Market 

1. Growing Demand for High-Speed Connectivity Solutions: Fibber optic splice closures are increasingly being used in the deployment of high-speed internet connections in residential and commercial buildings, as well as in telecom networks. This is due to their ability to provide reliable and secure connections at higher speeds compared to traditional copper wiring systems. 

2. Increasing Use of FOSC in Cloud Computing and IoT Applications: Fibber optic splice closures are widely used in the deployment of cloud computing applications and Internet of Things (IoT) solutions which require extensive data communication networks. As a result, the market for FOSC is expected to grow significantly over the forecast period. 

3. Increased Adoption of FTTH Networks: The demand for fibre-to-the-home (FTTH) networks is increasing rapidly due to the growing need for high-speed internet access across the world. This has led to an increased adoption of FOSC in order to ensure reliable and secure connection points between fibre cables and FTTH devices, thus driving the growth of the fibre optic splice closure market. 

Advantages of the Fibber Optic Splice Closures (FOSC) Market 

1. It is a cost-effective solution for fibre optic cable splicing, which reduces the overall costs of installation and maintenance of the system. 

2. FOSC provides a secure and reliable connection between two or more fibres, ensuring optimal signal transmission with minimal signal loss. 

3. Fibber Optic Splice Closures (FOSC) provide superior performance in extreme environmental conditions due to its airtight seal design. These closures are designed to resist water, dust, heat, cold, and other elements which could otherwise compromise the integrity of the connection. 

4. FOSCs also have a longer lifespan than traditional copper cable splices because they are not subject to corrosion or other environmental factors that can degrade their performance over time. 

Market Value and CAGR of the Fibber Optic Splice Closures (FOSC) Market (2021-2032) 

The market Value and CAGR of the Fibber Optic Splice Closures (FOSC) Market is expected to reach USD 10.4 billion by 2032 and grow at a CAGR of 9.6% over the forecast period 2022-2032.

The demand for FOSC is driven by the growing usage of fibre optics in various sectors such as telecom, industrial, enterprise and residential users. FOSC provides better connectivity and helps to protect the sensitive fibres from physical damage, temperature fluctuations and other environmental factors. The rising investments in 5G technology is also expected to fuel the growth of the Fibber Optic Splice Closures (FOSC) Market during the forecast period. 

Challenges of the Fibber Optic Splice Closures (FOSC) Market 

1. High Cost: The cost of FOSCs is quite high compared to other traditional splicing methods, making it difficult for some companies to adopt the technology. 

2. Strict Regulatory Requirements: Fibber Optic Splice Closures (FOSC) must comply with strict regulatory requirements in order to ensure its safety and reliability, adding to its cost. 

3. Ease of Installation: The installation process of FOSCs is complex and requires specialized skills and knowledge, which can be a challenge for some companies. 

4. Limited Availability: FOSCs are not widely available in the market, which limits their adoption by many companies. 

Key Players of the Fibber Optic Splice Closures (FOSC) Market 

The key players of the Fibber Optic Splice Closures (FOSC) Market are Fujikura Ltd. (Japan), Corning Incorporated (United States), O-Net Communications Ltd. (Hong Kong), AFL Telecommunications LLC. (United States), HUBER+SUHNER AG (Switzerland), Sumitomo Electric Industries Ltd. (Japan), Fibroma Telecommunication Technologies Co., Ltd. (China), Sterlite Technologies Limited (India) and OFS Fidel, LLC. (United States). 

Segment Analysis 

The most demanded product of the Fibber Optic Splice Closures (FOSC) Market is expected to be single smart window closure. It is specifically designed for aerial, ground and duct applications. Single window closure can be used for outdoor/indoor closures, and have a capacity of up to 36 splices. 

By application,

the Fibber Optic Splice Closures (FOSC) market is divided into FTTH (Fibber-to-the-home), FT Tx (Fibber-to-the-x) and others. The FTTH segment accounted for the highest share of the market in 2019 due to increased demand from telecom operators to provide fibre connectivity in residential areas. Moreover, FTTH provides high speed and reliable internet connection, which supports multiple users at once. This has led to an increase in the demand for fibre optic splice closures for FTTH projects across the world. 

By end user,

the telecommunication industry dominated the market in 2019 owing to increasing investments by telecom operators across different countries for network expansion activities as well as digital transformation initiatives. 

By region,

in 2019, North America accounted for the highest share of the market owing to increasing investments by telecom operators in this region for network expansion activities as well as digital transformation initiatives. 

In conclusion, the Fibber Optic Splice Closures (FOSC) Market is expected to witness significant growth during the forecast period due to rising demand from telecom operators across different countries for network expansion activities as well as digital transformation initiatives. 

Impact of Covid-19 

The lockdown measures implemented by governments across the globe to contain the spread of the virus have led to a decrease in demand for FOSCs from both the telecom and non-telecom sectors. In addition, the disruptions in global supply chains have resulted in shortages of raw materials and components, which has further hindered market growth. However, as economies start to reopen and business activity resumes, the demand for FOSCs is expected to pick up. 

Key developments in the Fibber Optic Splice Closures (FOSC) Market 

• In January, 2017, AFL announced the launch of the Fuse Connect™ Pre-terminated Splice Closure line. The new product range provides a cost effective, time saving solution for splicing both single mode and multimode fibre optic cables. The products features include superior strain relief for protecting the spliced fibres, an integrated fusion splicer interface which allows for easy movement of fusion splicers from one FOSC to another as well as easy opening lid and closure mechanism which helps in quick access to the internal components. 
• In May 2017, AFL announced the release of its new range of fibre optic splice closures - Derailed™ Series. This range is designed to provide superior protection against harsh environmental conditions such as extreme temperatures and humidity. The unique design of this series includes a patented sealing gasket that helps protect against dust and water ingress. It also features an integrated cable management system which helps reduce installation time and cost by allowing pre-termination of cables before entering the closure. 

Fibber Optic Splice Closures (FOSC) Market Scope :

Key Segment of Fibber Optic Splice Closures (FOSC) Market 

By Type Overview  (USD Billion) 
•    Dome type 
•    Horizontal type 
By Application Overview (USD Billion) 
•    Aerial 
•    Underground 
By End-User Overview  (USD Billion) 
•    Manufacturing companies 
By Region Overview  (USD Billion) 
North America 
•    USA 
•    Canada 
Asia Pacific 
•    China 
•    India 
•    Japan 
•    Rest of Asia Pacific 
South America 
•    Mexico 
•    Brazil 
•    Rest of North America 
Europe 
•    Germany 
•    France 
•    UK 
•    Rest of Europe 
Middle East and Africa