Global Automotive Fuse Market size was valued US$ XX Mn. in 2019 and the total revenue is expected to grow about XX% from 2020 to 2027, reaching nearly US$ XX Mn.
Global Automotive Fuse Market: Overview
Fuses are used to protect the electrical equipments and the circuits of vehicle. The fuses are manufactured as per requirements of voltage need in circuit. The automotive fuse is used in circuit generally carrying direct current having voltage more than 24 Volts. In some cases, these fuses can use 42 voltage rated current. There are five types of automotive fuses like Bosch, Blade, Limiter, Glass tube, and Lucas. The blade types of fuses are significantly made for different current specification, this ranging from 2 ampere, 3 ampere, 4 ampere, 5 ampere to 120 ampere. The Blade fuses are categorized by giving color coding to them such as 5 ampere rated has yellow colour, 8 ampere (white colour), 16 ampere (red or green colour), 25 ampere (blue colour) and 40 ampere (grey color). The Automotive fuse manufacturers are trying to develop innovative and wide range of fuses to serve the demand for upcoming development in vehicle technology.
Global Automotive Fuse Market: Trends
The attractive packaging and new design of automotive fuses are key trend in global automotive fuse market. This will offer convenience to the user. The availability of various fuses in one pack will give ease to user for better use of fuses as per colour code. This fuses has compact packaging so handling makes easy and can be used for broad vehicle range.
From the last two decades, the autonomous vehicle market and sensors market is also increasing which is directly increasing the need of better circuit protection which can be given by automobile fuses.
Global Automotive Fuse Market: Drivers
Stringent government regulation for autonomous electrical safety will increase demand for Automotive Fuse. Manufacturers are trying to develop new technologies for more safe electric circuit. Increasing demand for automobile and customer’s demand for automotive safety is driving the market for Automotive fuse market.
Rising passenger segment demand is also the main driver fueling growth of global Automotive Fuse market.
Global Automotive Fuse Market: Regional Overview
The Global Automotive Fuse Market is segmented into region such as Asia Pacific, North America, Europe, South America and Middle East & Africa. The Asia Pacific Region is the largest market for the automotive fuse market, the Asia Pacific region shows significant growth and is expected to be the major player in future market of Automotive Fuse, owing to large scale development 12V & 24V going on Asia Pacific region. European region has the major market share in Autonomous fuse market due to its stringent rules for safety. Europe is the prominent player in the growth of electric vehicle and hybrid vehicle. Also, vehicle installed with more sensors and autonomous vehicle is driving the growth of market in Europe and North America region.
Global Automotive Fuse Market: Segmentation
The Global Automotive Fuse Market is segmented by Product Type (Blade, Glass Tube, Semiconductor), By Voltage (12V & 24V, 24V – 48V, More Than 49V) and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific).
The MMR report will provide an accurate prediction of the contribution of the various segments to the growth of the Automotive Fuse Market size. Electric vehicle and autonomous vehicle are driving the market for autonomous fuse. Electric vehicle Market was valued at US$ XX Mn in 2020 and is expected to reach US$ XX Mn by 2027 at a CAGR of XX% during the forecast period.
The report also helps in understanding Automotive Fuse Market dynamics, structure by analyzing the market segments and projects the Automotive Fuse Market size. Clear representation of competitive analysis of key players By Voltage, price, financial position, Product portfolio, growth strategies, and regional presence in the Automotive Fuse Market make the report investor’s guide.
Scope of the Automotive Fuse Market
Automotive Fuse Market, By Product Type
• Glass Tube
Automotive Fuse Market, By Voltage
• 12V & 24V
• 24V – 48V
• More Than 49V
Automotive Fuse Market, by Region
• Asia Pacific
• North America
• South America
• Middle East & Africa
Key players operating in Automotive Fuse Market
• Eaton Corporation Inc.
• Littelfuse, Inc
• MERSEN S.A
• SCHURTER Inc
• Sensata Technologies, Inc
• Carling Technologies Inc
• Mouser Electronics, Inc
• Panduit Corp
• AEM, Inc
• Blue Sea Systems
• GLOSO TECH Inc
• Anixter Inc
• Dongguan Better Electronics Technology Co. Ltd.
• NTE Electronics, Inc.
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