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"
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.
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.
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.
Major
players operating in the fusion splicer market are Sumitomo Electric
Industries (Japan), Furukawa Electric Co. Ltd. (Japan), Fujikura ltd
Ltd. (Japan), ILSINTECH CO., LTD. (Korea), INNO Instruments Inc.
(Korea), and Darkhorsechina (Beijing) Telecom. Tech. Co., Ltd. (China).
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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