Upgradation of the existing fiber optic network and an increase in government funding are expected to drive the growth of the fusion splicer market.
The fusion splicer market worldwide is expected to grow with a CAGR of 4.7% during the forecast period from 2019 to 2027, starting from US$ 597.3 Mn in 2018. Many nations are focusing on innovations and expansions in fiber optic networks in numerous telecommunication projects, which would, in turn, help to increase the market demand for fusion splicer systems in the future. In the month of March 2017, Fujikura Ltd. came up with two new tools, the RS02, and the RS03, for the purpose of stripping the telecommunication optical fiber. These fiber-stripping tools are being designed and developed with an emphasis on their operability and usability, where less force is required to perform the stripping process. Nevertheless, the high cost of the equipment and the lack of technical skills are projected to restrict the growth of the market.
Market Synopsis
Telecom and Enterprise Applications to Continue Dominating the Market
Sensing high market demand for fusion splicers across telecom and enterprise industry verticals, market players are putting a high focus on growing their product offerings of advanced products for the purpose of enhancing their market reach and sales revenues. This particular aspect of the fusion splicer market has largely exhilarated the decision of Nanjing Co., Ltd. to expand the company's product offerings. Similarly, in the month of September 2018, Sumitomo Industries, Ltd. came up with the splicer T-57, which is the modernized version of the prior splicer, T-55. This new product has enhanced features like better portability, a large battery capacity, less heating time, and a smart user interface, among others.
Additionally, gauging the increasing consumer inclination toward innovative and technologically advanced products, enterprises are determined to reinforce their technological capabilities. Companies are doing so via cooperation agreements with leading enterprises, companies, and research institutes.
Asia Pacific to Register the Fastest Growth
Based on its geography, Asia Pacific is projected to grow at the highest CAGR during the forecast period. APAC market growth can be accredited to several initiatives by governments in the region and many key players in the fusion splicer ecosystem who are spending more for the purpose of upgrading and expanding their fiber optic networks, thereby causing the increased adoption of fusion splicers. In the month of February 2019, Furukawa Electric Co., Ltd. launched the FITEL S185 series of fusion splicers. This series is more compact, and the splicers are more efficient because they are specifically designed for splicing the special optical fibers that are being used in optical components, optical sensors, and fiber lasers.
Some of the major companies profiled in the report include Sumitomo Electric Industries, Ltd., Furukawa Electric Co., Ltd., Ilsintech Co., Ltd., Fujikura Ltd., INNO Instruments, Inc., Darkhorsechina (Beijing) Telecom. Tech. Co., Ltd., Nanjing DVP O.E. Tech. Co., Ltd., Eloik Communication Equipment Technology Co., Ltd., Shenzhen Ruiyan Communication Equipment Co., Ltd., and Shanghai Xianghe optical fiber communication Co., Ltd.,
Historical and Forecast Period
This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The fusion splicer market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global fusion splicer market based on offerings, alignment type, application, and geography. Key segments covered in the report are as follows:
Key questions are answered in this report.
What was the market size of Fusion Splicer in 2018 and the forecast up to 2027?
Which is the largest regional market for Fusion Splicer?
What are the major trends followed in the overall fusion splicer market across different regions?
Who are the key fusion splicer companies leading the market?
What are the key strategies adopted by the leading Fusion Splicer companies in the market?
Unique data points of this report
Statistics on Fusion Splicer penetration and spending worldwide
Recent trends across different regions in terms of the adoption of Fusion Splicer across various applications
Notable developments going on in the Fusion Splicer Market
Attractive investment propositions for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Frequently Asked Questions:
The market for Fusion Splicer Market is expected to reach US$ 597.3 Mn in 2027.
The Fusion Splicer Market is expected to see significant CAGR growth over the coming years, at 4.7%.
The report is forecasted to 2019-2027.
The base year of this report is 2018.
Sumitomo Electric Industries, Ltd.,Eloik Communication Equipment Alignment Type Co.,Ltd.,Shenzhen Ruiyan Communication Equipment Co., Ltd.,Nanjing DVP O.E. Tech Co.Ltd,Nanjing Jilong Optical Communication Co., Ltd. are some of the major players in the global market.
