Fusion Splicer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
The global fusion splicer market reached a value of US$ 707.4 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 991.8 Million by 2027, exhibiting a CAGR of 6% during 2022-2027. 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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global fusion splicer market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on offering, product, alignment type and application.
Breakup by Offering:
Software and Services
Breakup by Product:
Single Fiber Fusion Splicer
Ribbon Fiber Fusion Splicer
Special Fiber Fusion Splicer
Breakup by Alignment Type:
Breakup by Application:
Aerospace & Defense
Breakup by Region:
Middle East and Africa
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.
Key Questions Answered in This Report:
How has the global fusion splicer market performed so far and how will it perform in the coming years?
What are the key regional markets in the global fusion splicer industry?
What has been the impact of COVID-19 on the global fusion splicer market?
What is the breakup of the market based on the offering?
What is the breakup of the market based on the product?
What is the breakup of the market based on the alignment type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global fusion splicer market and who are the key players?
What is the degree of competition in the industry?
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