Automotive Fuse Market Size, Share, Growth Report 2030
Automotive Fuse Market - by Fuse Type (Glass Tube, Blade, and Semiconductor), By Voltage (12V & 24V, 24V -48V, 49V-150V, 151V-300V, and >300V), By Application in BEV (Auxiliary, Onboard, Charge Inlet, Traction Motor, PCU, and Battery), By Motor Output ( <80 kW, 80-200 kW, and >200 kW), By Ampere (<40A,40-100A, and >100A), By Market Type (OEM and Aftermarket), By ICE Vehicle Type (HCV, PC, Mild Hybrid, and LCV), , By Electric Vehicle Type (BEV, PHEV, and HEV), By Battery Capacity ( <30 kWh, 30-75 kWh, 75-150 kWh, and >150 kWh),and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025
The global Automotive Fuse market size, accrued revenue worth 16 (USD Billion) in 2019 and is anticipated to garner earnings of about 25 (USD Billion) by 2025
Global Automotive Fuse Market Size
The Global Automotive Fuse Market, which accrued revenue worth 16 (USD Billion) in 2019 and is anticipated to garner earnings of about 25 (USD Billion) by 2025, is set to grow at a CAGR of nearly 7% during the period from 2019 to 2025. The report offers a valuation and analysis of the Automotive Fuse market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2015 to 2018 along with a forecast from 2019 to 2025 based on value (USD Billion).
Automotive Fuse Market: Introduction
An automotive fuse is utilized for protecting electrical wiring, circuits, switches, and components of automotive from electric oscillations. The product is utilized for circuits lower than a direct current of nearly twenty-four volts. However, these electric systems are rated with forty-two volts in electric systems and are sometimes utilized in non-automotive electric items. The growing popularity of 3D printing in the automotive sector will create new horizons of growth for the automotive fuse market in the near future.
Automotive Fuse Market: Growth Drivers
The surge in the popularity of electric vehicles along with technological breakthroughs has translated into huge market growth over the assessment timeline. With vehicle manufacturers raising the production of electric vehicles, the automotive fuse industry is anticipated to gain traction over the years ahead. Fuses have myriad applications in electric vehicles and automobiles with integrated electronic properties. With the inception of sensor technology and IoT as well as AI, product penetration is likely to reach far-flung areas, thereby paving way for the growth of the automotive fuse industry over the projected timeline.
Furthermore, escalating demand for premium automobiles coupled with the growing popularity of self-driven & semi-autonomous vehicles will produce new growth avenues for the automotive fuse industry over the forecast timeframe. Apart from this, massive vehicle electrification trends and the need for vehicle safety & comfort will prompt product demand in the coming years. The thriving automotive powertrain market will further contribute to the automotive fuse industry size over the years ahead.
Apart from this, breakthroughs in additive manufacturing methods and innovations in advanced materials are anticipated to revolutionize the automotive sector. This, in turn, will scale up the growth of the automotive fuse market and will take it to greater heights in the coming decade.
Asia Pacific To Make Notable Contributions Toward Overall Automotive Fuse Market Size By 2025
The expansion of the automotive fuse industry in the Asia Pacific over the assessment timeframe is owing to the escalating need for the comfort & safety of vehicles. Apart from this, stringent norms pertaining to vehicle security along with massive vehicle sales will contribute notably towards the automotive fuse industry size in the years ahead. Additionally, the growing necessity for the electrification of automobiles in Japan and China will accentuate the growth of the automotive fuse industry in the years ahead.
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Report Scope:
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Historic Years | 2018 - 2022 |
| Forecast Years | 2023 - 2030 |
| Segments Covered | By Product Type, By Application, and By End Use |
| Forecast Units | Value (USD Billion), and Volume (Units) |
| Quantitative Units | Revenue in USD million/billion and CAGR from 2023 to 2030 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
| Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
| Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
| Customization Scope | Avail customized purchase options to meet your exact research needs. |
| Report Attributes | Report Details |
|---|---|
| Report Name | Automotive Fuse Market Research Survey Report |
| Market Size in 2019 | USD 16 Billion |
| Market Forecast by 2025 | USD 25 Billion |
| Compound Annual Growth Rate | CAGR of 7% |
| Number of Pages | 110 |
| Forecast Units | Value (USD Billion), and Volume (Units) |
| Key Companies Covered | ON Semiconductor, MERSEN S.A, Eaton, Littelfuse Inc, Sensata Technologies Inc, and SCHURTER Holding AG. |
| Segments Covered | By Fuse Type, By Voltage, By Applications, By Motor Output, By Battery Capacity, By Ampere, By Market Type, By ICE Vehicle Type, By electric vehicle type, By Region |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
| Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
| Base Year | 2018 |
| Historical Year | 2016 - 2018 |
| Forecast Year | 2019-2025 |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Key participants profiled in the study include ON Semiconductor, MERSEN S.A., Eaton, Littelfuse, Inc., Sensata Technologies, Inc., and SCHURTER Holding AG.
The global automotive fuse market is segmented as follows:
By Fuse Type
- Blade
- Glass tube
- Semiconductor
- Others
By Voltage
- 12 & 24V
- 24-48V
- 49-150V
- 151-300V
- >300V
By Applications in BEV
- Auxiliary
- Charge inlet
- Battery
- PCU
- Onboard
- Traction Motor
By Motor Output
- <80kW
- 80-200kW
- >200kW
By Battery Capacity
- <30kWh
- 30-75kWh
- 75-150kWh
- >150kWh
By Ampere
- <40A
- 40-100A
- >100A
By Market Type
- OEM
- Aftermarket
By ICE Vehicle Type
- PC
- LCV
- HCV
- Mild Hybrid (48V)
By electric vehicle type
- BEV
- HEV
- PHEV
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of The Middle East & Africa
Table Of Content
Methodology
FrequentlyAsked Questions
Surge in the popularity of electric vehicles along with technological breakthroughs has translated into huge market growth over the assessment timeline. With vehicle manufacturers raising the production of electric vehicles, the automotive fuse industry is anticipated to gain traction over the years ahead. Fuses have myriad applications in electric vehicles and automotive with integrated electronic properties. With inception of sensor technology and IoT as well as AI, the product penetration is likely to reach in far flung areas, thereby paving way for the growth of automotive fuse industry over the projected timeline.
Furthermore, escalating demand for premium automobiles coupled with growing popularity of self-driven & semi-autonomous vehicles will produce new growth avenues for automotive fuse industry over the forecast timeframe.
According to Zion market research report, the global Automotive Fuse Market, which accrued revenue worth nearly 16 (USD Billion) in 2019 and is slated to garner earnings worth 25 (USD Billion) by 2025, is set to grow at a CAGR of 7% during the period from 2019 to 2025.
Asia Pacific is likely to make noteworthy contributions towards overall market revenue during forecast period. The regional market growth over 2019-2025 can be credited to escalating need for comfort & safety of vehicles. Apart from this, stringent norms pertaining to vehicle security along with massive vehicle sales will contribute notably towards the automotive fuse industry size in the years ahead. Additionally, growing necessity for electrification of automobiles in Japan and China will accentuate the growth of the automotive fuse industry in the years ahead.
The key players profiled in the report include ON Semiconductor, MERSEN S.A., Eaton, Littelfuse, Inc., Sensata Technologies, Inc., and SCHURTER Holding AG.
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