IMARC Group, a leading market research company, has recently releases report titled “Fusion Splicer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global fusion splicer market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the fusion splicer market?
The global fusion splicer market size reached US$ 700 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,050 Million by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.
What is fusion splicer?
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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What are the growth prospects and trends in the fusion splicer industry?
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 (RD) in the field of fiber optics, are driving the market further.
What is included in market segmentation?
The report has segmented the market into the following categories:
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 Region:
- 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
Who are the key players operating in the industry?
The report covers the major market players including:
- Fujikura, 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
- The Furukawa Electric Co., Ltd
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