Fusion Splicer Market Overview
The global Fusion Splicer Market is projected to reach $902.3 million by 2026, growing at CAGR 5.4% during the forecast period 2021-2026. With the rise in adoption of cloud-based infrastructure, the demand for high speed data connection for telephone and video-conferencing process increases, resulting in demand for optical fibers which boost the growth of the Fusion splicer market during the forecast period. Fusion Splicer uses multiple cameras for fiber inspection to ensure minimum loss. Additionally paradigm shift towards fusion splicing from mechanical splicing is also set to be one of the major growth factors assisting the market growth over 2021-2026. Moreover, increase in government funding for fiber optic network also accelerate the market growth. However, high costs of fusion splicer impede the market growth.
Fusion Splicer Market Report Coverage
The report based on: “Fusion Splicer Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Fusion Splicer Market Industry Outlook.
By Type: Field Splicing, Factory Splicing, Laboratory Splicing.
By Offering: Hardware, Software & Services.
By Alignment: Core, Cladding.
By Application: Communication, Safety & Security, Surveillance, Others.
By Industry Vertical: Telecommunication, Residential, Healthacare, Aerospace and Defence, Automotive, Others.
By Geography: North America (U.S., Canada and Mexico); South America (Brazil, Argentina, Rest of Americas); Europe (U.K., Germany, Italy, France, Rest of Europe); APAC (China, Japan, South Korea, India, Rest of APAC); RoW (Middle East & Africa)
Key Takeaways
- The top 10 companies in Fusion Splicer Market include Sumitomo Electric Industrial Ltd, Furukawa Electric Co Ltd, Inno Instruments Inc, Fujikura Ltd, Corning Inc, Signal Fire Technologies, China Electronic Technology Group Corporation, Easy Splicer, Deviser Technology and 3SAE Technologies Incorporated.
- Telecommunication is the fastest growing segment, owing to installation of optical fiber.
- APAC region dominated the Fusion Splicer Market in 2020 at 34.2% owing to the growing number of data centers.
Global Fusion Splicer Market Value Share, By Geography, 2020 (%)
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Fusion Splicer Market Segment Analysis- by Alignment
Based on alignment segmentation, Cladding Alignment held the highest Fusion Splicer Market share of around 66.8% in the global Fusion Splicer market in 2020, owing to its lower cost. Cladding alignment based fusion splicer has features such as Active V-groove splicing, user friendly, easy maintenance and faster alignment which has influenced to the market growth in long run. In June 2021, Sumitomo Electric Industries, Ltd. Announced to launch world's first AI programmed next generation active clad alignment fusion splicer, i.e. T-502S series. It is designed to offer improved performance, reliability, and user experience.
Fusion Splicer Market Segment Analysis- by Industry Vertical
Based on industry vertical segmentation, Telecommunications held the highest Fusion Splicer Market share of around 28.5% in the global Fusion Splicer market in 2020, owing to installation of fiber-optic aerial cables. Owing to its benefits such as higher bandwidth and lower attenuation, Fiber optics is considered as major building block in IT& Telecommunication for gigabit transmission. Additionally, Telecommunication companies adopting various growth strategies such as partnership and investment for long haul single mode network, thus creating demand for fusion splicer. In June 2020, Sumitomo Electric Industries limited signed a long term fusion splicer supply agreement with TATA Communications Transformation Services Ltd (TCTS), an Indian based communication service company. Furthermore, investment in rolling out 5G network will create demand for optical fiber, which further influences the growth of Fusion Splicer market. In June 2021, Bharti Airtel and Tata Group collaborated to roll out 5G network in India by 2022. Such developments can influence the market growth of Fusion Splicer in the long run.
Fusion Splicer Market Segment Analysis- by Geography
APAC held the highest Fusion Splicer Market share of around 34.2% in the global Fusion Splicer Market in 2020 and is further set to grow at a significant rate during the forecast period 2021-2026. The factors such as increasing cloud computing, growing internet penetration and rise in data centers have been contributing to the market growth across the region in long run. Moreover, investment in FTTH will create opportunities for the Fusion Splicer Market according to report by FTTH Council Europe 2019; Asian countries led the FTTH-FTTB with UAE on top with 95.7% highest fiber penetration. Moreover, market players in this region are frequently adopting various growth strategies such as investments, acquisitions, launching and partnerships to deploy fiber optic network infrastructure in region, thereby will boost the demand for fusion splicer in future. In February 2019, Furukawa Electrical Co Ltd announced the launch of FITEL S185 series of fusion splicer. This series is specially designed for combination of optical fiber used in optical sensor and fiber lasers.
Fusion Splicer Market Drivers
Increase in Government Investments for developing fiber optic network
Growing government investments for developing fiber optic network is set to be one of the factors that can drive the market forward during the forecast period 2021-2026. The governments have introduced various initiatives to access to broadband services across the country, especially in rural and remote areas. For instance in December 2019, Government of India launched National Broadband Mission to ensure broadband access in all villages by 2022 and allocated $94.5bn in coming years. The mission also involves setting up of incremental 30 lakh route km of Optical Fiber Cable, thus will create demand for Fusion Splicer. Moreover, market players are frequently adopting various growth strategies such as investments, acquisitions and partnerships to deploy fiber optic network infrastructure in region, thereby will boost the demand for fusion splicer in future. In February 2021, KKR, a leading investment firm, announced it has partnered with Telefónica, a global telecommunications company, to set up Chile’s first open access wholesale fiber optics firm to accelerate broadband access across Chile. Similarly, In September 2020, Bezeq Israel Telecom, an Israeli Company, announced to invest billions of shekels to increase the deployment of a fiber optics network across whole Israel, to ensure citizens access to ultra-fast broadband in future. Such developments can influence the market growth of Fusion Splicer in the long run.
Increase in number of Data Centers globally is set to be one of the factors that can drive the market forward.
Rise in number of Data Centers globally at 9.2% CAGR between 2021-2026 is set to be one of the factors that can drive the market forward. Data centers need reliable and high bandwidth parts that support to preserve the value of network’s physical infrastructure. Presently, data centers are switching to optical fiber-based networks for extending bandwidth, which accelerates the adoption of fusion splicer globally. The factors such as increasing cloud computing, growing internet penetration and rising investment by foreign players have contributed for the rising data centers in the world. With technological advancement, there is dramatic rise in amount of data which results in growth of data centers. To manage vast amount of data, optical fibers are being used by data centers which further drive the growth of Fusion Splicer Market. Moreover, investment in establishing data centers will create opportunities for the growth of the market. For instance in February 2021, Amazon India decided to invest $1.6 Billion in construction of two data centers in Hyderabad. Similarly In June 2020, Oracle Corporation planned an investment on construction of second data center in Hyderabad. Such investments can influence the market growth of Fusion Splicer in the long run.
Fusion Splicer Market Challenges
High Cost of fusion splicer
Though Fusion Splicer offer huge advantages such light weight, compact and operate on a battery but high cost associated with fusion splicer is the major factor that can hinder the growth of the market. The start-up cost for fusion slicing is apparently high, so customers can’t afford the budget, thus resulting in demand for pre-terminated connectors. Even the cheapest slicer cost around $1900 approximately which is much more expensive than crimp kit. Fusion Splicer requires continuous power supply is the other factor that impedes the growth of the market. Owing to the above mentioned factors, adoption of fusion splicer will be significantly impacted, thus hampering its market growth.
Fusion Splicer Market Landscape
Partnership, Product launches, Acquisitions, Collaboration, and R&D activities are key strategies adopted by players in the Fusion Splicer Market. The Fusion Splicer Market top 10 companies include:
- Sumitomo Electric Industrial Ltd
- Furukawa Electric Co Ltd
- Inno Instruments Inc
- Fujikura Ltd
- Corning Inc
- Signal Fire Technologies
- China Electronic Technology Group Corporation
- Easy Splicer
- Deviser Technology
- 3SAE Technologies Incorporated.
Acquisitions/Technology Launches
- In September 2020, Sumitomo Electric Industrial Ltd launched World’s first AI Programmed Fusion Splicer TYPE-27C+, designed to improve efficiency, accuracy and overall experience.
- In January 2020, Furukawa Electric Co Ltd launched newly developed S124M12 multi-core optical fiber fusion splicer which is world’s fastest fiber fusion splicer for a 5G society.
Relevant Report Title
Report Code: ITR 0032
Report Code: FBR 57169
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1. Fusion Splicer Market - Market Overview
1.1 Definitions and Scope
2. Fusion Splicer Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends by type
2.3 Key trends segmented by Geography
3. Fusion Splicer Market– Industry Market Landscape
3.1 Comparative Analysis
3.1.1 Product/Company Benchmarking-Top 5 Companies
3.1.2 Top 5 Financial Analysis
3.1.3 Market Value Split by Top 5 Companies
3.1.4 Patent Analysis
3.1.5 Pricing Analysis
4. Fusion Splicer Market – Startup companies Scenario Premium Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Fusion Splicer Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis – Top 10 companies
6. Fusion Splicer Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Fusion Splicer Market – By Strategic Analysis (Market Size -$Million/Billion)
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Product Life Cycle/Market Life Cycle Analysis
8. Fusion Splicer Market- By Type
8.1 Field Splicing
8.2 Factory Splicing
8.3 Laboratory Splicing
9. Fusion Splicer Market- By Offering
9.1 Hardware
9.2 Software & Services
10. Fusion Splicer Market – By Alignment
10.1 Code
10.2 Cladding
11. Fusion Splicer Market– By Application
11.1 Communication
11.2 Safety & Security
11.3 Surveillance
11.4 Others
12. Fusion Splicer Market– By Industry Vertical
12.1 Telecommunication
12.2 Healthcare
12.3 Aerospace and Defence
12.4 Automotive
12.5 Residential
12.6 Others
13. Fusion Splicer Market - By Geography (Market Size -$Million)
13.1 North America
13.1.1 U.S
13.1.2 Canada
13.1.3 Mexico
13.2 Europe
13.2.1 UK
13.2.2 Germany
13.2.3 France
13.2.4 Italy
13.2.5 Spain
13.2.6 Rest of Europe
13.3 Asia Pacific
13.3.1 China
13.3.2 India
13.3.3 Japan
13.3.4 South Korea
13.3.5 Australia
13.3.6 Rest of Asia Pacific
13.4 South America
13.4.1 Brazil
13.4.2 Argentina
13.4.3 Rest of South America
13.5 ROW
13.5.1 Middle East
13.5.2 Africa
14. Fusion Splicer Market - Market Entropy
14.1 New product launches
14.2 M&A's, collaborations, JVs and partnerships
15. Fusion Splicer Market – Industry / Segment Competition landscape Premium Premium
15.1 Market Share Analysis
15.1.1 Market Share by Country- Top companies
15.1.2 Market Share by type of Vehicle – Top 10 companies
15.1.3 Best Practices for companies
16. Fusion Splicer Market – Key Company List by Country Premium Premium
17. Fusion Splicer Market - Company Analysis
17.1 Sumitomo Electric Industrial Ltd
17.2 Furukawa Electric Co Ltd
17.3 Inno Instruments Inc
17.4 Fujikura Ltd
17.5 Corning Inc
17.6 Signal Fire Technologies
17.7 China Electronic Technology Group Corporation
17.8 Company 8
17.9 Company 9
17.10 Company 10
"*Financials would be provided on a best efforts basis for private companies"
18. Fusion Splicer Market– Appendix
18.1 Abbreviations
18.2 Sources
19. Fusion Splicer Market – Methodology Premium
19.1 Research Methodology
19.1.1 Company Expert Interviews
19.1.2 Industry Databases
19.1.3 Associations
19.1.4 Company News
19.1.5 Company Annual Reports
19.1.6 Application Trends
19.1.7 Company Transcripts
19.1.8 R&D Trends
19.1.9 Key Opinion Leaders Interviews
19.1.10 Supply and Demand Trends