What Are the Opportunities & Threats Faced By the Vendors in the Global Fusion Splicer Market?
Cabling installation and contracting companies are reevaluating their businesses and the tools they need to get the job done as optical fiber network moves deeper and deeper in the cabling systems. For those whose business revolves around optical fiber, a must-have tool is a fusion splicer.
A key growth driver is the need for increased network bandwidth. At present, consumers are largely opting for higher bandwidth applications and services with the emergence of new mobile telecommunication standards such as 4G and 5G, Proliferation of mobile computing devices such as smart phones, tablets, and wearable with new capabilities and emergence of disruptive technologies that shift the use of bandwidth by altering the way users access the network.
Fusion Splicer Market Challenges
One challenge that could hamper market growth is deployment issues. Although different mechanisms are employed to deploy fibers based on the geography and earth stratum, deployment issues, especially in existing apartments and condominiums, are the major challenge in the fiber-optic cable market.
Also, regional and local vendors are offering specific application products for varied end-users. The new vendor entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.
This market is highly competitive due to the presence of other big providers who strive hard to get a higher market share. All of these top vendors are constantly introducing new products and innovations so that they can cater to unmet market needs. These vendors have a global reach and presence which helps them charge premium prices for their products. Several small companies have entered the market, and most of them are based in China.
Trends in the Fusion Splicer Market
The Global Optical Fiber Fusion Splicer market consists of different international, regional, and local vendors. The market competition is going to grow higher with the rise in technological innovation and M&A activities in the future.
Recent advances in fiber-optic cable manufacturing, as well as the push for more fiber in the network, both public and private, have resulted in new products that provide higher quality and lower loss, are easier to use, and are smaller and lighter in weight.
Manufacturers continue to introduce new products at the low end of their product lines as well as the high end.
This is an increasingly competitive industry, and when the delivery of several types of information over the same cable is the objective; the appeal of fusion splicing is likely to grow for many fiber applications leading to growth of this market and highly competitive scenario for the vendors to keep up the pace.
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