Overview and Scope
An automotive fuse is defined as an electrical component used in automobiles that protects other components, electronics, and cables from damage caused by excessive current flow. All fuses have a rating which refers to the maximum amount of amperage/voltage that the fuse can handle before it fails.
Sizing and Forecast
The automotive fuse market size has grown strongly in recent years. It will grow from $18.32 billion in 2024 to $19.32 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to increase in vehicle production, safety regulations, growth in the electric vehicle (ev) market, rapid urbanization.
The automotive fuse market size is expected to see strong growth in the next few years. It will grow to $23.73 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to rising autonomous vehicles, economic market growth, adoption of automotive electronics, rising disposable income. Major trends in the forecast period include miniaturization, smart fuses, integration of adas, partnership and collaboration.
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Segmentation & Regional Insights
The automotive fuse market covered in this report is segmented –
1) By Vehicle Type: Passenger Car, Commercial Vehicle
2) By Fuse Type: Blade, Glass Tube, Semiconductor, Other Types
3) By Voltage: 12 and 24 V, 24–48 V, 49–150 V, 151–300 V, >300 V
4) By Application: Auxiliary Fuse, Charge Inlet Fuse, Battery Fuse, Engine Fuse, Other Applications
5) By Sales Channel: OEM, Aftermarket
Top 5 Major Players:
- Eaton Corporation
- Littelfuse Inc
- Mersen S.A
- SCHURTER Inc
- SIBA
Asia-Pacific was the largest region in the automotive fuse market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive fuse market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growing need for electronic components in the automobile industry is expected to drive the growth of the automotive fuse market over the coming years. With the growth of technology, there is an increase in the implementation of new electronics in automobiles. New technologies such as autonomous technology, self-driving systems, and the onboard computer that controls a wide range of functions such as vehicle temperature, GPS, and even exhaust emission, require a lot of new electrical equipment to work. For instance, in November 2021, according to Wired Magazine, a US-based magazine, demand for semiconductors grew 29.7 percent between August 2020 and August 2021. Therefore, the growing need for electronic components in the automobile industry is driving the growth of the automotive fuse market.
Key Industry Players
Major companies operating in the automotive fuse market include Eaton Corporation, Littelfuse Inc., Mersen S.A., SCHURTER Inc., SIBA, Sensata Technologies, Carling Technologies Inc., Mouser Electronics Inc., OptiFuse, Anodyne Electronics Manufacturing Corp., Blue Sea Systems, GLOSO TECH Inc., ON Semiconductor, Fuzetec Technology Co. Ltd., Pacific Engineering Corporation, Dongguan Better Electronics Tech. Co. Ltd, Anixter, NTE Electronics Inc., AEM Components (USA) Inc., E-T-A Elektrotechnische Geräte GmbH, Bel Fuse Inc., S&C Electric Company, G&W Electric Company, Mersen S.A., TE Connectivity Ltd., Bourns Inc., Cooper Bussmann, Keystone Electronics Corp., Phoenix Contact, Siemens Aktiengesellschaft, Vishay Intertechnology Inc., Weidmüller Interface GmbH & Co. KG, Würth Elektronik GmbH & Co. KG
The automotive fuse market report table of contents includes:
1. Executive Summary
2. Automotive Fuse Market Characteristics
3. Automotive Fuse Market Trends And Strategies
4. Automotive Fuse Market – Macro Economic Scenario
5. Global Automotive Fuse Market Size and Growth
…..
31. Global Automotive Fuse Market Competitive Benchmarking
32. Global Automotive Fuse Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Automotive Fuse Market
34. Automotive Fuse Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Automotive Fuse Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Automotive Fuse Market, Segmentation By Fuse Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Automotive Fuse Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…
Table 75: Eaton Corporation Financial Performance
Table 76: Littelfuse Inc. Financial Performance
Table 77: Mersen S.A. Financial Performance
Table 78: SCHURTER Inc. Financial Performance
Table 79: SIBA Financial Performance
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