Fiberoptic.com Presents: Fiber Optic Fusion Splicers Market Forecast
Aptos, CA (USA) – February 4, 2014 — ElectroniCast Consultants, a leading market and technology research consultancy addressing the fiber optics communications industry, today announced the release of an extensive report covering the worldwide market for Fiber Optic Fusion Splicers. This report provides an analysis of 2013 and a 5-year forecast (2014-2018) of the use of fiber optic fusion splice machines.
A Fusion Splicer is specialized instrument used to join optical fibers to each other. This market research study report covers the use of fusion splice machines used for fiber optic-based communication applications.
The global consumption value of fiber optic fusion splice equipment in 2013 was $467 million. The consumption value is forecast to increase at nearly double-digit annual growth, with strongly rising quantity growth partially offset by a continuing decline of average prices. Note: Market forecast data in this study report refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.
Last year in 2013, the Asia Pacific region led in the consumption value of fiber optic fusion splicers. Helped along substantially by consumption in China, the Asia Pacific region is forecast increase in relative market share during the forecast period. The North American region held the 2nd-place position, followed by the European region. Mexico is part of the North American market forecast, along with Canada and the United States. The Rest of World regional segment covers the Middle East, Africa and Central/South America. The South America region, especially, is showing aggressive growth rates in terms of fiber optic fusion splice machine implementation.
According to ElectroniCast Consultants, in 2013 Telecommunications represented 63 percent of the worldwide consumption of fiber optic fusion splicers. The use of fusion splicers in Specialty applications is forecast to increase at an average annual growth rate of 7.6 percent from 2013-2018. Consumption of fusion splice equipment in Private Enterprise Networks, Cable TV and Military/Aerospace applications are also quantified in this report of the study.
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