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% during the forecast period. 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. Many countries are focusing on innovations and expansions in the fiber optic network in various telecommunication projects, which would help increase the demand for fusion splicer systems in the future.
The fusion splicer market has been segmented on the basis of offering into hardware, software and services. The fusion splicer market for software and services is expected to grow at a higher CAGR during the forecast period. This growth is attributed to the high adoption of software across telecommunication, cable TV, enterprise, and various specialty applications. The services for the fusion splicer machine includes warranty, training, optimization, replacement, and maintenance and troubleshooting.
The fusion splicer market has been segmented on the basis of alignment type, which includes core alignment and cladding alignment. Lower cost and faster alignment are the key factors contributing to the growth of cladding alignment compared with the core alignment in the overall fusion splicer market.
Furthermore, the market is segmented on the basis of application such as telecommunication, enterprise, cable TV, aerospace and defense, and specialty. Among all the applications, the enterprise application is expected to grow at the highest CAGR during the forecast period. The enterprise application is currently exhibiting a rapid adoption of fiber optic cables. Currently, many enterprises in China are engaged in developing new information infrastructures, which would include a huge number of fiber optic cables. This factor is indirectly expected to drive the growth of fusion splicer market in enterprise application also.
China Electronics Technology Group Corporation
Darkhorsechina (Beijing) Telecom. Tech. Co., Ltd.
Eloik Communication Equipment Technology Co., Ltd.
Furukawa Electric Co., Ltd.
INNO Instruments Inc.
Ilsintech Co., Ltd.
Nanjing DVP O.E. Tech. Co., Ltd.
Nanjing Jilong Optical Communication Co., Ltd.
Shanghai Xianghe Optical Fiber Communication Co., Ltd.