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Automotive Fuse Market Growth, Trends And Innovations During The Forecast Period 2022 To 2031
Automotive Fuse Market Growth
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The global automotive fuse market report by the business research company identifies the growing need for electronic components in the automobile industry is expected to the growth a major growth driver for the automotive fuse market. 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. For instance, according to Roland Berger's study published in January 2020, Electronic modules for a typical premium vehicle cost $3,145. According to the analysis, the cost of a semi-autonomous, electric automobile will more than double to $7,030 by 2025. Therefore, the growing need for electronic components in the automobile industry is driving the growth of the automotive fuse market.
The global automotive fuse market is expected to grow from $16.17 billion in 2021 to $17.28 billion in 2022 at a compound annual growth rate (CAGR) of 6.89%. 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, affecting many markets across the globe. The automotive fuse market is expected to reach $22.74 billion in 2026 at a CAGR of 7.10%.
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Asia Pacific was the largest region in the automotive fuse market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive fuse market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the automotive fuse market are Eaton Corporation, Littelfuse, MERSEN S.A., SCHURTER Inc, SIBA, Sensata Technologies, Carling Technologies Inc, Mouser Electronics, OptiFuse, AEM, Blue Sea Systems, GLOSO TECH Inc, ON Semiconductor, Fuzetec Technology Co. Ltd., Pacific Engineering Corporation, Dongguan Better Electronics Tech. Co. Ltd, Anixter, and NTE Electronics Inc.
The Global Automotive Fuse Market Is Segmented -
1) By Vehicle Type: Passenger Car, Commercial Vehicle
2) By Fuse Type: Blade, Glass Tube, Semiconductor, Other Type
3) By Application: Auxiliary Fuse, Charge Inlet Fuse, Battery Fuse, Engine Fuse, Other Application
4) By Sales Channel: OEM, Aftermarket
5) By Voltage: 12 and 24 V, 24-48 V, 49-150 V, 151-300 V, >300 V
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The Automotive fuse Market Report Contents Include
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
....
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
This report covers the trends and market dynamics of the automotive fuse market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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