Automotive Fuse Market Research Report – Forecast to 2027

Automotive Fuse Market Research Report, By Fuse Type (Blade, Glass Tube, Semiconductor, Others), Current (<40a, 40-100a, >100a), Vehicle Type (Passenger Car, Commercial Vehicle), Sales Channel (OEM, Aftermarket) and By Region - Forecast Till 2027

ID: MRFR/AM/4452-HCR | February 2021 | Region: Global | 100 pages

Automotive Fuse Market Synopsis:


The global automotive fuse market is estimated to witness a 6.55% CAGR during the forecast period.


The automotive fuse market is majorly driven by the growing use of electronic components in the automotive industry. The passenger and commercial vehicles sales have increased mainly due to competitive and diverse option available of finance. The availability of finance has resulted in increased purchase of the vehicle. According to OICA, the sales of new vehicles has increased from 2013 to 2016. In 2013, the number of vehicles sold were 85.6 million while in 2016 it was 9.38 million.  The increase in the demand of passenger and commercial vehicle is expected to drive the automotive fuse market during the forecast period.


The automotive fuse market is segmented based on fuel type, material, technology, and vehicle type. On the basis of fuel type, the market is segmented into blade, glass tube, semiconductor, others. The blade fuse type is expected to dominate the market in future because they are compact in size, lighter in weight, and durable as compared to other types of fuse. The increased use of blade type fuse in the automotive sector is expected to drive the segment in future. On the basis of Current, the market is segmented into (<40A, 40-100A, >100A. 40-100A current segment is expected to dominate the market in future because they are generally used in engine-related electric circuits, low voltage inlets, and motors. On the basis of vehicle type, the market is segmented into passenger car and commercial vehicles. Passenger car segment is expected to dominate the market in future due to an increase in the sales of passenger car in emerging economies.


The Prominent Players


The prominent players in the automotive fuse market include Eaton (Ireland), ON Semiconductor (US), Littelfuse, Inc. (US), Sensata Technologies, Inc. (US), MERSEN S.A. (France), SCHURTER Holding AG (Switzerland),  and Carling Technologies Inc. (U.S.). Mouser Electronics, Inc.(U.S.), OptiFuse (U.S.), Panduit Corp (U.S.), AEM, Inc. (U.S.), and Blue Sea Systems(U.S.) are among others.  


Automotive Fuse Market, By Segmentation


 Automotive Fuse Market


On the basis of region, the market is segmented as North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the market in future due to an increase in production of passenger and commercial vehicles. The automotive manufacturers are investing heavily in this region due to the availability of cheap labor and growing demand for the vehicles. This increase in the demand of the vehicles will result in increased use of automotive fuse and hence will further drive the market. North America is expected to be the second largest region to grow in this market during the forecast period.


Automotive Fuse is used to protect the wiring and electrical equipment in vehicles. They are generally rated from 32-volt direct current, but sometimes they are rated at 42 volts. There are different types of fuse used in automotive, which includes blade, glass tube, and semiconductor. Blades tubes consist of plastic body and two prongs that allow the fuse to fit into the system. Each fuse is printed with the rated current in ampere on the body of the fuse. The blade fuse comes in six different types of dimension, which includes micro2, micro3, LP-mini, mini, regular, and max. The increased use of electronic components in the vehicles is expected to drive the automotive fuse market in future.


The report for Global Automotive fuse market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   6.55% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Fuse Type, Current, Vehicle Type, Sales Channel
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Eaton (Ireland), ON Semiconductor (US), Littelfuse, Inc. (US), Sensata Technologies, Inc. (US), MERSEN S.A. (France), SCHURTER Holding AG (Switzerland), and Carling Technologies Inc. (U.S.). Mouser Electronics, Inc.(U.S.), OptiFuse (U.S.), Panduit Corp (U.S.), AEM, Inc. (U.S.), and Blue Sea Systems(U.S.)
  Key Market Opportunities   Increase in the demand of the vehicles will result in increased use of automotive fuse
  Key Market Drivers

  • Growing need for electronic components in the automobile industry
  • Automotive manufacturers are investing heavily in this region due to the availability of cheap labor and growing demand for the vehicles\r\n


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    Frequently Asked Questions (FAQ) :


    The automotive fuse market can surge at 6.55% CAGR by 2023.

    The automotive fuse market can value at considerably high valuation by 2023.

    SCHURTER Holding AG (Switzerland), Mouser Electronics, Inc.(U.S.), Carling Technologies Inc. (U.S.), and OptiFuse (U.S.) are some reputed companies in the automotive fuse market.

    <40A, 40-100A, and >100A are segments of the automotive fuse market based on current.

    The automotive fuse market is expected to capitalize on the growing need for electronic components in the automobile industry.