Fusion Splicer Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029

Upgradation of the existing Fiber Optics Network and increase in government funding is 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 2021 to 2029, starting from US$ 653.4 Mn in 2020. Many nations are focusing on the innovations and the expansions in fiber optic network in numerous telecommunication projects, which would in turn help to increase the market demand for the fusion splicer systems in future. In the month of March 2019, 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 the operability and the usability, where the less force is required for performing the stripping process. Nevertheless, high cost of the equipment and the lack of technical skills is projected to restrict the growth of the market.

Telecom and Enterprise application to Continue Dominating the Market

Sensing high market demand for the fusion splicers across telecom and enterprise industry verticals, market players are putting high focus on growing their product offerings of advanced products for the purpose of enhancing their market reach and the sales revenues. This particular aspect of the fusion splicer market has largely exhilarated the decision of the NanJing CO., LTD. to expand company’s product offerings. Similarly, in the month of September 2020, Sumitomo Industries, Ltd. Came up with the splicer T-57, which is the modernized version of prior splicer, T-55. This new product has enhanced features like better portability, large battery capacity, less heating time and the smart user interface among others.

Additionally, gauging the increasing consumer inclination towards the innovative and the technologically advanced products, enterprises are determined to reinforce their technological capabilities. Companies are doing so via cooperation agreements with the leading enterprises, companies and research institutes.

Asia Pacific to Register the Fastest Growth

Based on the geography, Asia Pacific is projected to grow at highest CAGR during forecast period. APAC market growth can be accredited to several initiatives by governments in the region and many key players in fusion splicer ecosystem who are spending more for the purpose of upgrading and expanding fiber optic network, thereby causing the increased adoption of the fusion splicers. In the month of February 2021,Furukawa Electric Co., Ltd launched FITEL s185 series of fusion splicers . This series is more compact and splicers are more efficient which are being specifically designed for splicing the special optical fibers that are being used in the 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., Shanghai Xianghe Optical Fiber Communication Co., Ltd. among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2021 to 2029.

Key questions answered in this report

• What was the market size of Fusion Splicer in 2020 and forecast up to 2029?
• Which is the largest regional market for Fusion Splicer?
• What are the major trends followed in 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 market?

Unique data points of this report

• Statistics on Fusion Splicer penetration and spending worldwide
• Recent trends across different regions in terms of adoption of Fusion Splicer across various applications
• Notable developments going on in Fusion Splicer Market
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

This product will be delivered within 2 business days.