Automotive Fuse Market Insights by 2025| MarketsandMarkets

The Automotive Fuse Market is projected to grow at a CAGR of 6.84% during the forecast period, to reach $24.33 Billion by 2025 from $14.33 Billion in 2017.

The market is estimated to grow in the near future owing to various factors such as an increase in vehicle production, growing electrification, growing importance of safety & comfort features in mid-segment vehicles which will lead to increase in the number of fuses installed per vehicle and increase in the sale of electric & hybrid vehicles.

Automotive fuse ecosystem consists of manufacturers such as 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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The 24-48V market is estimated to grow at the highest rate during the forecast period. All the mild hybrid vehicles (48V) are considered in this segment and is estimated to have a decent market share in the future owing to their benefits of low emissions. The 12 & 24V market is estimated to have the largest market share owing to the highest sales of ICE vehicles which are equipped with 12 & 24V system architecture.

The study segments the automotive fuse market by battery capacity, where 75-150kWh fuse segment is estimated to be the largest owing to the application of high capacity battery in the regions like Asia Oceania. In terms of amperes, the study estimates 40-100A automotive fuse to showcase the largest market during the forecast period since these fuses are used in engine-related electrical circuits, low voltage charge inlets, and low-power traction motor-related circuits.

In terms of BEV applications, the battery fuse market is estimated to be the largest market during the forecasted period owing to the increasing applications of high capacity battery and high cost as compared to the other application fuse. Alternatively, in HEV applications, the traction motor fuse market is anticipated to be the fastest market as increasing demand for high power electric vehicles in the regions like North America and Europe.

The passenger car fuse aftermarket is dominated by North America region owing to huge vehicle parc and In automotive fuse market by electric & hybrid vehicle types (BEV, HEV & PHEV), the fuse market for PHEV segment is estimated to be the fastest-growing market. PHEV is equipped with more number of fuses as compare to the BEV and HEV owing to the addition of engine and charge inlet fuses. Moreover, due to the application of higher capacity battery in PHEV as compare to the HEV, the application of battery fuse is higher in PHEV than the HEV.

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In terms of fuse type, the blade fuse market is estimated to be the largest market owing to reasons like they are more compact, lighter, durable, and have a simpler structure which is extensively used by the OEMs. Alternatively, the semiconductor fuse market is estimated to be the fastest-growing market during the forecast period.

The automotive fuse market by motor output is dominated by >200kW motor output fuses, which is projected as the fastest-growing market during the forecast period owing to the increasing demand of high power electric vehicles in the regions like Asia Oceania and Europe, followed by 80-200kW segment.

The Asia Oceania region is estimated to be the largest market during the forecast period. The passenger car segment is the largest contributor in the automotive fuse market of Asia Oceania owing to the highest sales of a passenger car as compare to the other regions. Moreover, passenger car has a number of the fuse as compare to LCV or HCV owing to increase in various auxiliary fuses. Apart from this, the mild hybrid (48V) vehicles also estimated to play an important role in Asia Oceania automotive fuse market owing to their increase in sales since they have low CO2 emissions as compared to the ICE vehicles.

Target Audience:

1. Automotive fuse suppliers
2. Battery manufacturing
3. Dealers and distributors of automotive fuse
4. Industry associations
5. Manufacturers of automotive fuse
6. Supportive raw material suppliers for automotive fuse
7. Vehicle electronics manufacturer
8. Engine components manufacturer
9. Original Equipment Manufacturers (OEM)
10. Electric & Hybrid vehicle component Manufacturers

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This release was published on openPR.