Fusion splicer: Key market research findings
- Demand for increased network bandwidth drives market growth
- APAC dominates the market geographically
- Key vendors – Fujikura, Furukawa Electric, INNO Instrument, and Sumitomo Electric Industries
Technavio’s market research analysts predict the global fusion splicer market to grow at a CAGR of 9% between 2016 and 2020. The rising need for increased network bandwidth will lead to the growth of this market. At present, consumers are largely opting for higher bandwidth applications and services with the emergence of new mobile telecommunication standards such as 4G and 5G. The APAC region accounted for almost 57% of the market share during 2015 owing to the high demand for optical fiber from countries such as China, Japan, South Korea, and Taiwan. Several initiatives taken by governmental and non-governmental organizations in the region will also help in the growth of this market in APAC during the estimated period.
The new market research report from Technavio presents a breakdown and analysis of the fusion splicer segments based on application.
“A rise in the implementation of fiber to the home (FTTH) is the latest trend in the market. FTTH applications are rising worldwide on a daily basis, stimulating an increase in the use fusion splicing. FTTH involves the delivery of communication signal over optical fibers. The primary advantage of this method is that it offers the end users, both consumers and enterprises, with higher bandwidth to enable better video, Internet, and voice services,” says Sunil Kumar Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research.
Currently, the telecommunications segment accounts for majority of the market’s revenue with a market share of almost 65%. The fundamental use of fusion splicers in the telecommunications sector is in the installation of fiber-optic aerial cables outside plants or fuse fibers in underground cable installations. The availability and the subsequent rise in the use of inexpensive 3G and 4G-enabled smartphones, along with high demand for Internet Protocol-based voice, data and video services are some of the factors fueling growth in this segment during the forecast period.
The key vendors in the market include Fujikura, Furukawa Electric, INNO Instrument, and Sumitomo Electric Industries. This market is highly competitive due to the presence of other big providers who strive hard to get a higher market share. All of these top vendors are constantly introducing new products and innovations so that they can cater to unmet market needs. These vendors have an impressive global reach and presence, which helps them charge premium prices for their products. Several small companies have entered the market, and most of them are based in China.
A more detailed analysis is available in the Technavio report, Global Fusion Splicer Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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