Fusion Splicer Market worth 762.3 Million USD by 2022
Added: (Tue May 09 2017)
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The report "Fusion Splicer Market by Offering (Hardware (Sheath Clamps, Electrodes, Electric ARC, CO2 Laser, Cleaver and Stripper), and Software & Services), Alignment Type (Core, and Cladding Alignment), Application, and Geography - Global Forecast to 2022", According to this market research report, the fusion splicer market was valued at USD 570.5 Million in 2016 and is expected to reach USD 762.3 Million by 2022, at a CAGR of 4.72%.
Browse 66 market data tables and 66 figures spread through 154 pages and in-depth TOC on "Fusion Splicer Market - Global Forecast to 2022"
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Moreover, the fusion splicer market registered a shipment of 65,735 units in 2016 and is expected to reach 97,353 units by 2022, at a CAGR of 6.52% during the forecast period. Factors such as the growing demand for high network bandwidth and low insertion loss are driving the growth of the fusion splicer market.
Software & services expected to grow at a higher rate between 2017 and 2022
The fusion splicer market for software and services is expected to grow at a higher rate compared with the fusion splicer market for hardware, due to the increased focus by companies on improving their pre and post sales services. Presently, the companies provide custom engineering services that also includes customized hardware and software design, process improvement consultation, advanced training, and maintenance service agreements.
The fusion splicer market comprises hardware and software providers, and system integrators.
• Hardware Providers: AFL (Australia), PROMAX Electronica SL (Spain), Multicom, Inc. (US), Yamasaki Optical Technology (Australia), Deviser Technology (UK), EasySplicer (Sweden), GAO Tek & GAO Group Inc. (US), 3SAE Technologies (US).
• Software Providers: Signal Fire Technology Co., Ltd. (China), ILSINTECH (Korea), Fujikura ltd (Japan), 3SAE Technologies, Incorporated (US), Vytran LLC (UK).
• Complete Solution Providers: Sumitomo Electric Industries (SEI) (Japan), Furukawa Electric Co Ltd (Japan), Fujikura ltd (Japan), ILSINTECH (Korea), INNO Instruments (Korea), Darkhorsechina (Beijing) Telecom. Tech. Co., Ltd. (China), CETC, Nanjing Jilong Optical Communication Co., Ltd (China).
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The main objectives of this study are as follows:
• To define, describe, and forecast the fusion splicer market on the basis of offering, alignment type, application, and geography.
• To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges).
• To provide a DIVE chart along with the product offerings and business strategy for the players in the fusion splicer market.
Fusion splicer market for core alignment type expected to hold the largest share in 2017
The core alignment method provides precise fiber alignment, which results in a typical splice loss of only 0.02dB. This level of precision is required for all single mode fiber applications as well as enhances performance of multimode fiber.
This core alignment fusion splicer is primarily preferred for community access TV (CATV) installations, backbone networks, specialty fiber applications, and optical components manufacturing because of its high accuracy and reliability.
The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub segments.
This study also answers several questions for the stakeholders, such as which market segments to focus on in the next two to five years for prioritizing the efforts and investments.
Fusion splicer market in APAC likely to grow at a high rate during the forecast period
The need for high network bandwidth in the telecom sector acts as a driving force for the growth of the fusion splicer market. The extensive development of telecommunication and broadband networks in Asia Pacific (APAC) has led to the increasing growth in the fiber optic market in this region, thereby increasing the demand for the fusion splicer.
Key players in this market focus on organic strategy such as new product launches and expansions to increase their revenue. In March 2017, Fujikura Ltd. launched two new tools RS02 and RS03 for stripping telecommunication optical ribbon fiber. These fiber stripping tools are designed and developed with emphasis on operability and usability, where less force is required for the stripping process
The services for the fusion splicer machine includes warranty, training, optimization, replacement, and maintenance and troubleshooting.
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
• Geographic Analysis
o Comprehensive coverage of regulations followed in each region (the Americas, APAC, Europe, and RoW)
• Company Information
o Detailed analysis and profiling of additional market players (up to five)
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