Fiber
Optic Fusion Splicers Market Forecast
August
20,
2020 -- ElectroniCast Consultants, a leading market and
technology research consultancy addressing the optical communications industry,
today announced the release of an extensive study report covering the worldwide
market for Fiber Optic Fusion Splicers, covering the years 2019-2029. ElectroniCast
is forecasting an overall slowdown average of 14% in consumption value for
2020, partially caused by the negative effects of the coronavirus (COVID-19).
Telecommunications/Multimedia represented a 68 percent share of worldwide consumption of fiber optic fusion splicers last year; the Telecommunication/Multimedia consumption value reached nearly $268 million in 2019. In terms of volume (number of new units), the fastest forecasted near-term growth is attributed to the use of fusions splicers to install optical fiber in at Data Centers and other Private Enterprise Networks.
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 use of fiber optic fusion splicers is mostly attributed to countries in the region 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 as Fiber to the Building (FTTB)
For
single fiber fusion splicers, ElectroniCast is forecasting a major shift to
lighter machines (less than 2.3kg with battery), rapidly grabbing market share
versus the larger and heavier units.
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