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Report Overview
The global fusion splicer market is expected to witness steady growth in the forecast period of 2024-2032, growing at a CAGR of 7.6%.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- Optical fibre cable length across the world has surpassed 5 billion kilometres which fuels the demand for fusion splicers.
- The Indian government plans to invest an additional USD 13 billion to expand the optical fibre grid of the country, creating lucrative opportunities for fusion splicers.
- The USD 1.2 trillion federal Infrastructure Investment and Jobs Act is supporting the growth of fibre networks in the United States.
Competitive Landscape
The companies in the market are focusing on high-end fibre optic solutions which contain advanced fusion splicers and related equipment. They are also focused on precision splicing tools to enhance market opportunities and expand their global reach. A growing number of businesses are shifting their attention to the Asia-Pacific region, driven by rapid urbanisation and advancements in telecommunications infrastructure. Notably, China and Japan are experiencing substantial increases in fibre optic investments, which are essential for the advancement of 5G and broadband initiatives.
Key Industry Players
Fujikura Ltd.
The company is readily increasing investment in research and development for advanced splicing technologies. It is also focusing on the expansion of global distribution networks to meet the growing demand of the market.
Furukawa Electric Co., Ltd.
The company is readily investing in the development of eco-friendly splicing solutions owing to the growing trend of sustainability. It is also focusing on the integration of AI in splicer operations as the trend of automation becomes prominent.
UCL Swift NA
The company is focusing on the introduction of compact and portable splicers as well as on offering affordable and user-friendly designs that can appeal to a wide range of consumers.
Other major market players in the fusion splicer market are Shanghai Shinho Fiber Communication Co., Ltd., INNO Instrument Inc., China Electronics Technology Group Corporation, Yamasaki Optical Technology, and Gao Tek Inc., among others.
Fusion Splicer Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global fusion splicer market value is projected to grow at a CAGR of 7.6% between 2024 and 2032.
The major market drivers include the growing telecom sector, the increasing demand for high network bandwidth and low insertion loss, rapid urbanisation, growing penetration of smartphones and internet in emerging nations, and the rising disposable incomes.
The key trends guiding the market include the growing demand for customised hardware and software and the growing technological advancements.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The major types of fusion splicer are cladding alignment and core alignment.
The leading components of the product in the market are hardware, software, and services.
Telecommunications, enterprise, cable TV, and aerospace and defence, among others, are the significant applications of the product in the market.
The competitive landscape consists of Fujikura Ltd., Furukawa Electric Co., Ltd., UCL Swift NA, Shanghai Xianghe Fiber Communication Co. Ltd, China Electronics Technology Group Corporation, INNO Instruments Inc., Yamasaki Optical Technology, and Gao Tek Inc., among others.
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