According to IMARC Group’s latest report, titled “Fusion Splicer Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global fusion splicer market exhibited moderate growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of 6.4% during 2021-2026.
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According to the latest report by IMARC Group, titled "Fusion Splicer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global fusion splicer market is currently experiencing strong growth. A fusion splicer is used for fusing or welding two fibers together to form a single unit with the help of an electric arc. Under the influence of heat, the fibers are joined with a small gap between them that allows optical light signals to pass through them. Fusion splicing is extensively utilized for numerous applications, owing to the low variable costs and less reflectance associated with the process. It is also employed to achieve low transition losses and offer enhanced stability to the joints. As a result, it is widely gaining prominence across the defense, aerospace and telecommunication sectors.
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Global Fusion Splicer Market Trends:
The global market is primarily driven by the growing adoption of cloud-based infrastructure and the increasing requirement for high-bandwidth networks. Consequently, there has been an increase in the uptake of fiber optic cables as their utilization ensures reliable transmission of data. Since fusion splicers are essential in the joining of two fiber optic cables end to end and restoring severed lines, this is providing a boost to the market growth. Along with this, the growing integration of video, voice and data networks with extensive fiber-to-the-home (FTTH) arrangements is creating a positive outlook for the market. Governments of several countries are also offering technical assistance and investing in the expansion of broadband networks and FTTH deployments, which, in turn, is propelling the demand for fusion splicers. Furthermore, several manufacturers are launching compact and lightweight splicer variants that are integrated with advanced technologies, which are gaining widespread prominence among end users. Other factors, including extensive research and development (R&D) in the field of fiber optics, are driving the market further. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of nearly 5% during 2020-2025.
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List of Key Companies Covered in this Market Report:
- Fujikura (TYO: 5803)
- GAO Tek
- Ilsintech
- INNO Instrument India Pvt. Ltd.
- Nanjing Jilong Optical Communication Co. Ltd.
- Precision Rated Optics
- Signal Fire Technology Co. Ltd.
- Sumitomo Electric Industries (OTCMKTS: SMTOF)
- The Furukawa Electric Co., Ltd (OTCMKTS: FUWAY)
Breakup by Offering:
- Hardware
- Software and Services
Breakup by Product:
- Single Fiber Fusion Splicer
- Ribbon Fiber Fusion Splicer
- Special Fiber Fusion Splicer
Breakup by Alignment Type:
- Core Alignment
- Cladding Alignment
Breakup by Application:
- Telecommunication
- Cable TV
- Enterprises
- Aerospace & Defense
- Others
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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