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The Asia Pacific fusion splicer market is currently witnessing moderate growth. A fusion splicer is a device utilized to combine two or more optical fibers. It comprises an optical core that assists in aligning fiber cables; profile alignment system (PAS) software that estimates the loss of material during splicing; and a local injection detection system that aids in identifying the edges from where the light is reflected. It currently finds extensive applications across different industries in the Asia Pacific region.
At present, governments of various countries are investing in expanding the fiber-optic networks. This represents one of the significant factors strengthening the growth of the fusion splicers market. Besides this, the increasing adoption of cloud-based infrastructure and the growing requirement for high-bandwidth networks is boosting the overall sales of fusion splicers across the region. However, the outbreak of the coronavirus disease (COVID-19) and lockdown restrictions imposed by governments of several countries have negatively impacted the market growth. The market is currently experiencing growth due to the introduction of lockdown relaxations and the increasing reliance on e-commerce platforms. On account of these factors, the market is expected to continue its moderate growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific fusion splicer market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, offering, product, alignment type and application.
Breakup by Offering:
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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