Automotive Fuse Market Size, Share, Growth & Forecast 2032

Global Automotive Fuse Market Size

The Global Automotive Fuse Market, which accrued revenue worth 26.20 Billion in 2023 and is anticipated to garner earnings of about 39.79 Billion by 2032, is set to grow at a CAGR of nearly 4.3% during the period from 2024 to 2032. The report offers a valuation and analysis of the Automotive Fuse market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on value (USD Billion).

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Automotive Fuse Market: Introduction

An automotive fuse is utilized for protecting electrical wiring, circuits, switches, and components of automotive from electric oscillations. The product is utilized for circuits lower than a direct current of nearly twenty-four volts. However, these electric systems are rated with forty-two volts in electric systems and are sometimes utilized in non-automotive electric items. The growing popularity of 3D printing in the automotive sector will create new horizons of growth for the automotive fuse market in the near future.

Automotive Fuse Market: Growth Drivers

The surge in the popularity of electric vehicles along with technological breakthroughs has translated into huge market growth over the assessment timeline. With vehicle manufacturers raising the production of electric vehicles, the automotive fuse industry is anticipated to gain traction over the years ahead. Fuses have myriad applications in electric vehicles and automobiles with integrated electronic properties. With the inception of sensor technology and IoT as well as AI, product penetration is likely to reach far-flung areas, thereby paving way for the growth of the automotive fuse industry over the projected timeline.

Furthermore, escalating demand for premium automobiles coupled with the growing popularity of self-driven & semi-autonomous vehicles will produce new growth avenues for the automotive fuse industry over the forecast timeframe. Apart from this, massive vehicle electrification trends and the need for vehicle safety & comfort will prompt product demand in the coming years. The thriving automotive powertrain market will further contribute to the automotive fuse industry size over the years ahead.

Apart from this, breakthroughs in additive manufacturing methods and innovations in advanced materials are anticipated to revolutionize the automotive sector. This, in turn, will scale up the growth of the automotive fuse market and will take it to greater heights in the coming decade.

Asia Pacific To Make Notable Contributions Toward Overall Automotive Fuse Market Size By 2025

The expansion of the automotive fuse industry in the Asia Pacific over the assessment timeframe is owing to the escalating need for the comfort & safety of vehicles. Apart from this, stringent norms pertaining to vehicle security along with massive vehicle sales will contribute notably towards the automotive fuse industry size in the years ahead. Additionally, the growing necessity for the electrification of automobiles in Japan and China will accentuate the growth of the automotive fuse industry in the years ahead.

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Automotive Fuse Market: Report Scope

Key participants profiled in the study include:

• ON Semiconductor
• MERSEN S.A
• Eaton
• Littelfuse, Inc.
• Sensata Technologies, Inc.
• SCHURTER Holding AG.    

The global automotive fuse market is segmented as follows:

By Fuse Type

• Blade
• Glass tube
• Semiconductor
• Others

By Voltage

• 12 & 24V
• 24-48V
• 49-150V
• 151-300V
• >300V

By Applications in BEV

• Auxiliary
• Charge inlet
• Battery
• PCU
• Onboard
• Traction Motor

By Motor Output

• <80kW
• 80-200kW
• >200kW

By Battery Capacity

• <30kWh
• 30-75kWh
• 75-150kWh
• >150kWh

By Ampere

• <40A
• 40-100A
• >100A

By Market Type

• OEM
• Aftermarket

By ICE Vehicle Type

• PC
• LCV
• HCV
• Mild Hybrid (48V)

By electric vehicle type

• BEV
• HEV
• PHEV

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of The Middle East & Africa