About Fiber Fusion Splicer
Growth in a number of data centers worldwide has led to the adoption of cloud-based infrastructure across the globe augmenting the need for fiber optic cables providing extended bandwidth. This will help to boost the demand for global Fiber Fusion Splicer in the forecasted period. A fiber fusion splicer is used to installs, repairs, and maintains fiber-optic wires that are used in high-speed communications. A professional uses a number of specialized tools and techniques to cut, connect, and test wires. With the surge in the shift from mechanical splicing to fusion splicing to offer high network bandwidth, the growth of the Telecommunications Industry acts as a driver for the global Fiber Fusion Splicer market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that China Players will contribute the maximum growth to Global Fiber Fusion Splicer market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) and Nanjing Jilong Optical Communication Co., Ltd (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are MaxTelCom (India), Precision Rated Optics (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Fiber Fusion Splicer market by Type (Single Fiber Fusion Splicer, Ribbon Fiber Fusion Splicer and Other), Application (CATV, Telecom, Premises& Enterprise, Military and Other) and Region.
On the basis of geography, the market of Fiber Fusion Splicer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Alignment Type, the sub-segment i.e. Core Alignment will boost the Fiber Fusion Splicer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offerings, the sub-segment i.e. Hardware will boost the Fiber Fusion Splicer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand for Increased Network Bandwidth and Increase in Government Funding for Fiber Optic Networks
Market Growth Drivers:
Low Insertion Loss and The rise in the Implementation of Ftth
Restraints:
High Cost of Equipment and Lack of Technical Knowledge and Skills
Opportunities:
Growth of the Telecommunications Industry and Upgrade of the Existing Fiber Optics Network
Market Leaders and their expansionary development strategies
In February 2019, Furukawa Electrical Co., Ltd. announced the precisely designed FITEL S185 series of fusion splicers for the combination of special optical fibers used in optical components, optical sensors, and fiber lasers. The fusion splicer series is a cost-effective and economical splicer for specialized fibers as well as polarization-maintaining fibers (PM Fiber) and large-diameter fibers (LDF). The range includes three splicers: S185PM, S185HS, and S185LDF, with S185PM and S185HS splicers intended for optical component use with PM fiber
In June 2020, Sumitomo Electric Industries, Ltd. and its wholly-owned subsidiary SEI Trading India Pvt. Ltd. (SETI) state that they have landed a two-year agreement to supply fusion splicers to TATA Communications Transformation Services Ltd. (TCTS). Sumitomo Electric says that the partnership comes as TCTS expands its fiber network to support 5G mobile deployments and the Indian government’s Smart Cities Mission.
Key Target Audience
Government Regulatory Bodies, Government Research Organization, Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.