Market Research Report
|Published by||Global Industry Analysts, Inc.||Product code||907163|
|Published||Content info||272 Pages
Delivery time: 1-2 business days
|Published: April 1, 2021||Content info: 272 Pages||
Global Fusion Splicer Market to Reach $785.4 Million by 2027
Amid the COVID-19 crisis, the global market for Fusion Splicer estimated at US$630.2 Million in the year 2020, is projected to reach a revised size of US$785.4 Million by 2027, growing at aCAGR of 3.2% over the period 2020-2027. Hardware, one of the segments analyzed in the report, is projected to record 2.8% CAGR and reach US$444.7 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software & Services segment is readjusted to a revised 3.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $170.3 Million, While China is Forecast to Grow at 5.7% CAGR
The Fusion Splicer market in the U.S. is estimated at US$170.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$160.9 Million by the year 2027 trailing a CAGR of 5.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.9% and 2.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.
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