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The global fusion splicer market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 6.4% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
A fusion splicer is an equipment that is used to weld two or more fibers together to form a single unit. It works by aligning pre-prepared fiber tops and fusing them. The resulting joint or fusion splice is used to pass optical light signals through the fibers. The splicer consists of an optical core that assists in aligning fiber cables; a Profile Alignment Systems (PAS) software that helps in estimating the loss of material during splicing; multiple fiber strippers, and a local injection detection system that detects the edges where the light is reflected. It finds extensive application across various industries as it offers low variable costs per fusion splice and has the least reflectance and loss of signals. Fusion spliced fibers can also withstand extreme temperatures and prevent dust and other particles from entering the optical path.
The increasing adoption of cloud-based infrastructure across the globe is the key factor driving the growth of the market. The rising demand for hyper connectivity by consumers is augmenting the need for fiber optic cables that provide extended bandwidth. Furthermore, the convergence of video, voice and data networks with extensive fiber-to-the-home (FTTH) arrangements have increased the demand for fusion spliced optical fiber. Additionally, the rapid growth of various industries including aerospace, defense, telecommunication and healthcare is also providing a boost to product sales. Other factors that are creating a positive outlook for the market include technological advancements and increased government funding for research and development to develop efficient fiber-optic networks.
Breakup by Offering:
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Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being 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, etc.
|Base Year of the Analysis||2020|
|Segment Coverage||Offering, Product, Alignment Type, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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 and The Furukawa Electric Co., Ltd.|
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