In today’s day and age, our lives are highly dependent on ‘hyperconnectivity’, be it a person-to-person, person-to-machine, or machine to machine connection. With hyperconnectivity being the buzzword, there has been a surge in the adoption of cloud-based infrastructure, which essentially demands enlarged bandwidth of fiber optic cabling. Such strides towards data-intensive services have strengthened the roots of the fusion splicer market. To make a mark in the converging multibillion-dollar information industry, players in the telecommunication sector are beefing up their networks using fusion splicing techniques.
With the convergence of voice, video, and data networks, and high FTTH (fiber-to-the-home) deployments, there is an increasing amount of optical fiber being fusion spliced. Fusion-splicer is rapidly becoming the must-have tool for almost all industries, including, telecommunications, aerospace and defense, energy, medical, and others. The mounting demand for high-bandwidth network and optical fiber gaining center stage in almost every networked organization warrants the need for exhaustive research to understand the dynamics of the fusion splicer market. In its latest offering, Transparency Market Research (TMR) details out the trends and transitions in consumer behavior that will help stakeholders take well-informed business-related decisions.
Evolutionary Timeline of the Fusion Splicer Market
There has been incessant progression in optical fiber network construction. With innovations spawning in the arena of fiber optics, ‘fusion splicing’ gradually became the new business adage, being one of the most economical and fastest methods for field termination. The industry is graduating its way to progress with upgrades in optical communication technology and advancements in gaming-on-demand, video on demand, and digital video recorder networks.
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The telecommunications industry, in particular, is a major revenue contributor for the fusion splicer market, with nations focusing on expanding their fiber-optics communications. This industry accounted for ~ 55% of the market share in 2018, and is anticipated to rise at a CAGR of ~ 6% during the forecast period.
Furthermore, shifts in consumer preferences from mechanical splicing to fusion splicing have transcended the industry’s growth. However, the high costs associated with fusion splicing devices and the need for continuous power supply may drive consumers away. Although this is a long-standing challenge for the market, it opens new growth opportunities, especially for new market entrants, where they can proliferate the global market by launching competitively-priced products.
Compelling Trends Redefining the Market
Sensing the high demand for fusion splicers, numerous manufacturers are increasing their production capacities. However, to establish a strong foothold in the market, there is the need for players to launch products with advanced functions. Partakers are targeting specific consumer demands, such as the development of compact and lightweight fusion splicers for homes, and the development of wireless splicers to meet the need for continuous power supply. For instance, Fujikura Ltd., a Japanese company, recently announced the launch of the wireless smart splicer 41S, which is expected to provide exact core splice loss estimation.
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Another overarching trend in the fusion splicer industry is the high adoption of core alignment splicers. This is mainly because they need to meet specific contract specifications for spice loss. Manufacturers are not only increasing the production of core alignment splicers but expanding the applications of core alignment splicers in the cable TV industry. This is mainly because this industry demands low splice loss of 0.05 decibel or even lower, which can only be achieved through core alignment splicers.