Study papers on Automotive Fuse market and regional forecast. Automotive Fuse market players are Eaton (Ireland), ON Semiconductor (US), Littelfuse, Inc. (US), Sensata Technologies, Inc. (US), MERSEN S.A. (France), Pacific Engineering Corporation (Japan), SCHURTER Holding AG (Switzerland), OPTIFUSE (US), AEM Components (USA), Inc. (US) and Fuzetec Technology Co., Ltd. (Republic of China).
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automotive fuse market is projected to grow at a CAGR of 6.84% from 2017 to 2025, to reach USD 24.33 billion by 2025 from USD 14.33 billion in 2017.The demand for an increase in vehicle power and battery capacity in electric & hybrid vehicles is projected to fuel the demand for high voltage fuse for traction motor and battery.
On the other hand, the major factors hindering the growth of the automotive fuse market for ICE vehicles is very limited development in the field of low voltage fuse.
- Automotive fuse suppliers
- Battery manufacturing
- Dealers and distributors of automotive fuse
- Industry associations
- Manufacturers of automotive fuse
- Supportive raw material suppliers for automotive fuse
- Vehicle electronics manufacturer
- Engine components manufacturer
- Original Equipment Manufacturers (OEM)
- Electric & Hybrid vehicle component Manufacturers
Asia Oceania and Europe are estimated to dominate the automotive fuse market during the forecast period. While Asia Oceania is estimated to be the largest market, Europe is estimated to be the fastest growing market during the forecast period by value, in which 48V vehicles is estimated to play a major role.
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Increasing demand for vehicle safety features and government mandates on safety technologies such as airbag are expected to drive the automotive fuse market in the Asia Oceania region. On the other hand, the market growth in Europe can be attributed to the increased sales of EVs in countries such as Norway, France, and the Netherlands.
Automotive OEMs in Europe are also known for their early adoption of vehicle safety features. Driver seatbelt reminders, TPMS, gear shift indicator, protection of pedestrians are some of the safety features mandated by the European Union which eventually increase the application of fuse.
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The market for semiconductor fuse is projected to grow at the highest CAGR during the forecast period from 2017 to 2025 by value, as these types of fuses are used to increase the safety of the electrical circuits and various components such as lighting system, infotainment system, and brake and clutch pedal circuits among others. Hence, with an increase in focus towards safety, & luxury, the demand for these fuse types will be on the rise.
A single semiconductor fuse has the ability to handle more than one electrical circuit with increased safety and durability. Due to the increasing use of ECUs and advanced features in vehicles, the semiconductor fuse market is expected to grow in the future.
The fuse market of HEV segment is projected to be the largest market, by value, owing to the highest sales of HEV, globally, especially in Asia Oceania Region.
2 Market Ranking Analysis
3 Competitive Situation & Trends
3.1 New Product Developments
3.2 Mergers & Acquisitions
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In this report, the automotive fuse market is segmented into four major regions, namely, North America, Europe, Asia Oceania, and the Rest of the World (RoW). The report estimates the size of the automotive fuse market, by volume and value, based on EV type (BEV, HEV, PHEV), ICE vehicle type (PC, LCV, HCV & mild hybrid), by ampere (<40A, 40-100A, >100A), by voltage (12 & 24V, 24-48V, 49-150V, 151-300V, >300V), by motor output (<80kW, 80-200kW, >200kW), by battery capacity (<30kWh, 30-75kWh, 75-150kWh, >150kWh), by applications in BEV (auxiliary, charge inlet, battery, PCU, on board, traction motor), by applications in HEV (auxiliary, engine, charge inlet, battery, PCU, on board, traction motor) and by fuse type (blade, glass tube, semiconductor, others).In addition, the report estimates the market for aftermarket (North America, Europe, Asia Oceania, and RoW).
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