The Automotive Fuse Global Market Report 2023 by The Business Research Company, provides automotive fuse market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Automotive Fuse Global Market Report 2023, the market size grew from $17.15 billion in 2022 to $18.21 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the automotive fuse is expected to grow to $23.17 billion in 2027 at a CAGR of 6.2%.
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 like vehicle temperature, GPS, and even exhaust emission, require a lot of new electrical equipment to work.
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The automotive fuse market is segmented:
1) By Vehicle Type: Passenger Car, Commercial Vehicle
2) By Fuse Type: Blade, Glass Tube, Semiconductor, Other Types
3) By Application: Auxiliary Fuse, Charge Inlet Fuse, Battery Fuse, Engine Fuse, Other Applications
4) By Sales Channel: OEM, Aftermarket
5) By Voltage: 12 and 24 V, 24–48 V, 49–150 V, 151–300 V, >300 V
Top Major Players
Eaton Corporation
Littelfus
MERSEN S.A.
SCHURTER Inc.
SIBA
Improved quality and development of fully insulated chips are providing an opportunity to expand the use of automotive fuses. This can be attributed to the fact that better quality fully insulated chips will be more powerful and energy-efficient which implies a wider user base. For instance, in September 2022, Novosense Microelectronics Co Ltd., a China-based manufactures and sells integrated sensor chips, isolation and interface chip, launched a collection of automotive-qualified chips NOVOSENSE automotive-qualified LDO NSR31/33/35 family chips are specifically developed for use in systems powered by vehicle batteries. They are excellent for automotive applications requiring high standby power consumption due to their ultra-low static power consumption of 5uA and low drop-out voltage.
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. Automotive Fuse Market Size And Growth
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26. Africa Automotive Fuse Market
27. Automotive Fuse Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Fuse Market
29. Automotive Fuse Market Future Outlook and Potential Analysis
30. Appendix
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