Industry Background:
An automotive fuse is an electrical component which is designed to protect other components, devices, and wiring from any damage that might occur due to over current flow. Most of automotive fuses are designed for 12V electrical systems, so they are primarily recognized by an amperage rating. Further, this rating refers to the maximum amount of amperage that the fuse can handle before it fails. Automotive fuses are usually contained within fuse boxes, but some applications also use inline fuses.This growth is primarily driven by Augmented Use of Electronic Components in The Vehicles
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Auto Parts & Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Eaton (Ireland), ON Semiconductor (United States), Littelfuse, Inc. (United States), Sensata Technologies, Inc. (United States), Mersen S.A. (France), Pacific Engineering Corporation (Japan), Schurter Holding AG (Switzerland), Optifuse (United States), AEM Components (USA), Inc. (United States) and E-T-A (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On November 1, 2018 — Littelfuse, Inc. a global manufacturer of leading technologies in circuit protection, power control and sensing, announced today that it recently completed the acquisition of Monolith Semiconductor, Inc., a start-up company based in Round Rock, Texas and specializing in the development of silicon carbide power device technology
In May 2023, intelligent power management company Eaton announced that its eMobility division had won a contract to supply battery disconnect units (BDUs) in 400-volt and 800-volt configurations to global automakers for use in electric passenger vehicles. Eaton's BDUs reduce complexity and cost by integrating Breaktor® circuit protection technology into electric vehicles (EVs).
Influencing Trend:
Increasing Usage of High-Power Fuses
Market Growth Drivers:
Augmented Use of Electronic Components in The Vehicles and Rising Application of High-Voltage Architecture
Challenges:
Disorganized Aftermarket in the Fuse Market
Restraints:
Limited Improvement in the Field of Low-Voltage Fuses
Opportunities:
Rising Demand for Automobiles in Developing Countries Such As India and China
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Automotive Fuse Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Automotive Fuse Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Automotive Fuse players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Automotive Fuse Study Sheds Light on
The Automotive Fuse Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automotive Fuse industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Fuse industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.