Sumitomo Electric Industries Ltd. and Furukawa Electric Co., Ltd. are the Top 2 Players in the Fusion Splicer Market
The fusion splicer market is driven by several factors such as low insertion loss, high demand for increased network bandwidth, and rise in government funding for fiber optic networks. The fusion splicer market was valued at USD 570.5 Million in 2016 and is expected to reach USD 762.3 Million by 2022, at a CAGR of 4.72% during the forecast period. Moreover, the fusion splicer market registered a shipment of 65,735 units in 2016 and is expected to reach 97,353 units by 2022, at a CAGR of 6.52% during the forecast period.
Asia Pacific (APAC) has a rising demand for fusion splicer. China, Japan, India, and Australia have been considered in this region. Moreover, in India, major programs have been launched such as BharatNet, which helps to expand the fiber optic network. Under the BharatNet project, the government intends to connect 100,000 gram panchayats by March 2017 in the first phase through underground optic fiber. In the second phase, all 250,000 gram panchayats would be connected using a mix of underground fiber, leveraging power lines, radio, and satellite media. This expansion helps the fusion splicer market to grow at a higher rate.
The major opportunity for this market is the increasing demand for fusion splicer in enterprise and telecommunication sectors. Some of the major players operating in the fusion splicer market include Sumitomo Electric Industries (Japan), Furukawa Electric Co. Ltd. (Japan), Fujikura Ltd. (Japan), ILSINTECH CO., LTD. (Korea), and INNO Instruments Inc. (Korea).
Top 2 Players in the Fusion Splicer Market
Sumitomo Electric Industries Ltd. is expanding marketing bases and optimally reconfiguring its production bases around the world to respond accurately to growing global demand driven by the emerging economies. In addition to strengthening the services for both established and new markets and customers, the company is focusing on strengthening the solutions proposal capability, and continuously creating and fostering new markets. Moreover, the company has a strong research and development (R&D) department. Besides, accelerating the commercialization of research and development projects, the company is also building the core businesses of the future.
Furukawa Electric Co., Ltd. has its own R&D laboratories and centers. The company is investing more on R&D for new material and new technology. The company’s major focus is on new technology and hence it is launching various products to maintain its brand position in the fusion splicer market. In June 2016, the company introduced the FITEL S179 hand-held, core alignment fusion splicer, which offers powerful performance and delivers fast and reliable optical fiber splicing even under harsh environmental conditions.
The value chain of fusion splicer market starts with R&D followed by hardware, and software and service providers. The system integrators assemble, engineer, integrate and deliver component subsystems into a single fusion splicer device. Once the development of fusion splicer machine is done, then it is used in various applications such as telecommunications, enterprise, cable TV, and aerospace and defense. After sales services for fusion splicer includes training and instructions; support, repair and maintenance; technical support; and repair of system.
Related Reports:
Fusion Splicer Market by Offering (Hardware (Sheath Clamps, Electrodes, Electric ARC, CO2 Laser, Cleaver and Stripper), and Software & Services), Alignment Type (Core, and Cladding Alignment), Application, and Geography - Global Forecast to 2022
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