Market Size of Fusion Splicer Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Fusion Splicer Market Analysis
The fusion splicer market was valued at USD 631.37 million in 2020 and is expected to reach USD 855.82 million by 2026, at a CAGR of 5% over the forecast period 2021 - 2026. When communicating on the phone or using the internet, splicers are used to connect optical fibers with superior accuracy to assure data are transmitted reliably everywhere. Fusion splicers have contributed to medical application, image process, telecommunications, energy research where light matters. With innovations growing in the arena of fiber optics, 'fusion splicing' gradually became the new business maxim, is one of the most economical and most agile methods for field termination. The business is calibrating its way to advance with upgrades in optical communication technology and progressions in video-on-demand, gaming-on demand, and digital video recorder networks.
- The principal factors that are adding to the growth of the fusion splicer market are an increment in government funding for fiber optic networks and a high demand for elevated network bandwidth. Furthermore, there is a surge in demand for FTTH (fiber-to-the-home) deployments, which in turn is giving opportunities for the fusion splicer market to expand in the near future. The Telecommunication industry, in particular, is a principal revenue contributor for the fusion splicer market, with nations concentrating on expanding and developing on their fiber-optics communications. Moreover, changes in consumer choices from mechanical splicing to fusion splicing have transformed the industry's growth.
- However, the huge costs linked with fusion splicing devices and the requirement for continuous power supply may drive consumers away. Although this is a long-standing hurdle for the market, it opens further growth opportunities, especially for new market participants, where they can increase the global market by launching competitively-priced products. As the TV industry requires low splice loss of 0.05 decibel or even lower, which can be accomplished through core alignment splicers, manufacturers are not only enhancing the production of core alignment splicers but expanding the applications of core alignment splicers in the cable TV business, to meet explicit contract specifications for spice loss.
