Fusion splicers market forecast sees APAC region leading over next decade
Electronicast's latest research notes that last year, benchtop fusion splicers, which typically have a higher average selling price (ASP) versus the Micro/Handheld type, held over 70 percent share of worldwide consumption value of multiple-fiber or ribbon-type fiber-optic fusion splicers.
Optical communications industry researcher ElectroniCast Consultants announced the release of its extensive study report covering the worldwide market for fiber-optic fusion splicers, covering the years 2018-2028.
Per the report's summary definition: "A fusion splicer is specialized instrument used to join optical fibers to each other. The generally accepted splicing method is arc fusion splicing, which melts the fiber ends together with an electric arc." The new market report, provides a forecast for the use of fusion splicers in various fiber-optic based communication applications, including those for: Telecommunications; Private Enterprise Networks; Cable TV; Military/Aerospace; and Specialty applications.
Key findings of the research, per Electronicast's report summary, are as follows:
-- "Telecommunications/Multimedia represented a 69.5 percent share of worldwide consumption of fiber-optic fusion splicers last year; the Telecommunication/Multimedia consumption value reached $301.9 million in 2018. Electrical and communication wiring contractors' annual use of fusions splicers to install optical fiber Private Enterprise Networks is forecast to increase steadily through the year 2023. Besides the use optical fiber in Local Area Networks (LANs), fiber cable installation for LAN-to-LAN (campus), Data Centers (DCs), and various wire/hybrid fiber-optic cable installations are fast becoming a noticeable user of fusion splicers."
-- "The 'Greater China Region' (Mainland China, Hong Kong, Macau and Taiwan) is forecast to remain the major user of fusion splicers in the Asia Pacific region (APAC). The Asia Pacific region is forecast to increase in relative market share over the next decade, driven by countries expanding the reach and density capabilities of their mobile/wireless device (optical fiber) infrastructure, as well as bringing optical fiber closer to the drop-areas, such fiber to the building."
-- "Last year, benchtop fusion splicers, which typically have a higher average selling price (ASP) versus the Micro/Handheld type, held over 70 percent share of worldwide consumption value of multiple-fiber or ribbon-type fiber optic fusion splicers. However, in terms of volume (quantity/units), the micro/handheld fixed alignment (clad alignment) fusion splicers led in market share for single fiber splicers in 2018."
The Fiber Optic Fusion Splicer Global Market Forecast & Analysis (2018-2028) report from Electronicast is available immediately. For detailed information on this or other services provided by ElectroniCast, please contact Theresa Hosking, Marketing/Sales; email@example.com (Telephone/USA: 831-708-2381).