The [URL=https://www.industryarc.com/Research/Fusion-Splicer-Market-Research-505337?utm_source=freeprnow&utm_medium=pressrelease&utm_campaign=paidpressrelease]global Fusion Splicer Market[/URL] 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.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.
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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.
Fusion Splicer Market Drivers
Increase in Government Investments for developing fiber optic network
Increase in number of Data Centers globally is set to be one of the factors that can drive the market forward
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.
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