Fuse Market Size & Share For Automotive - Industry Trend and Forecast 2018 - 2026

The report analyzes and presents an overview of "Fuse Market For Automotive - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026" worldwide.

The main objective of this report is to define, describe, and forecast the global “Fuse Market For Automotive” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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An automotive fuse is an electronic component which is used to protect the devices, wiring and electronic components of the vehicle from over current flow. Automotive fuse is generally rated or used for circuits that have direct current higher than 12 volts except in certain cases it is rated for electrical systems with 42-volt. There are five different types of automotive fuses namely blade, bosch, limiter, lucas and glass tube. Blade type automotive fuses are used for different ampere ratings ranging from two ampere, three ampere, four ampere, five ampere to 120 ampere. Also, there is a color coding used for blade fuses, which is classified according to different ampere ratings. For instance, for one ampere black color is denoted, similarly for 35 ampere blue green color is denoted and for 120 ampere purple color is denoted. For bosch type fuses, color coding is done for different ampere including five ampere (yellow color), eight ampere (white color), 16 ampere (red or green color), 25 ampere (blue color) and 40 ampere (grey color). Similarly, there is color coding for each fuse type, which depends on the ampere rating of the fuse. Automotive fuse manufacturers are focused on developing their product range catering to the demand for innovative and wide product coverage among automobile manufacturers.

Designing attractive packaging for automotive fuses is a key trend among automotive fuse manufacturers. This is attributed to offer convenience, varied selection and tool availability to the customer. For instance, availability of two different fuses in one pack ensures customer need for broad vehicle range, compact packaging allows ease of storage and availability of tools results in one pack helps safe usage of the tool, when required. 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.

The global fuse market for automotive is segmented into type, electric vehicle , vehicle, battery output, aftermarket, and region. In terms of type, fuse market can be divided into semiconductor and four other segments. The market for semiconductor fuse is projected to grow during the forecast period 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.

Based on electric vehicle, the fuse market for automotive can be classified into hybrid electric vehicle and two more segment. The fuse market of hybrid electric vehicle segment is projected to be the largest market, by value, owing to the highest sales of hybrid electric vehicle, globally, especially in Asia Pacific region. Increasing demand for the premium hybrid electric vehicle is expected to showcase a huge impact in the automotive fuse market owing to the number of fuses used in the high end vehicle segments are much higher than the low end vehicle segments.

Geographically, the global fuse market for automotive can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific and Europe are estimated to dominate the automotive fuse market during the forecast period. While Asia Pacific 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. 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 Pacific region. On the other hand, the market growth in Europe can be attributed to the increased sales of electric vehicle 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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Key players operating in the global fuse market for automotive are Eaton, ON Semiconductor, Littelfuse, Inc., MERSEN, Pacific Engineering Corporation, SCHURTER Holding AG, OptiFuse, and EM Components (USA), Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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