USD 27.05 billion
Automotive Fuse Market Size, Share, Growth Analysis, By Fuse type (Blade, Glass Tube), By Voltage (12 & 24 V, 24-48 V), By Application, By Vehicle type, By Sales Channel, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25A2328 |
Region:
Global |
Published Date: November, 2024
Pages:
222
|Tables:
93
|Figures:
76
Automotive Fuse Market Insights
Automotive Fuse Market size was valued at USD 28.62 Billion in 2023 and is poised to grow from USD 30.28 Billion in 2024 to USD 47.54 Billion by 2032, growing at a CAGR of 5.8% during the forecast period (2025-2032).
Increasing production and sales of passenger cars, commercial vehicles and electric vehicles worldwide are driving the demand for automotive fuses. Strict safety regulations mandating safety features are driving the adoption of vehicle fuses to ensure compliance with regulatory requirements. Continued advances in fuse technology, such as smart fuses, resettable fuses and solid state fuses improve the performance, reliability and performance of automotive fuse solutions. High voltage associated with lightning powerful powertrain battery systems for electric vehicles and hybrid electricity have gained widespread adoption of automotive special fuses capable of handling the current automotive aftermarket expansion, coupled with growing demand for supplies replacement and spare parts provide automotive fuse manufacturers and suppliers with an attractive opportunity to meet automotive aftermarket demand.
Furthermore, rising fuel costs and environmental concerns are accelerating the pace of the latest automotive innovations. As electric vehicles with greater integration of electrical components become more popular, fuses play an increasingly important role in their development. Increased automotive demand from emerging economies has driven automotive manufacturers to develop better systems, creating the need for a more reliable global automotive fuse market.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Glass Tube
Fastest Growth
Glass Tube
Growth Rate
5.8% CAGR
Global Automotive Fuse Market ($ Bn)
Country Share for North America Region (%)
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Automotive Fuse Market Segmental Analysis
Global Automotive Fuse Market is segmented by Fuse Type, Voltage, Application, Vehicle Type, Sales Channel and Region. Based on fuse type, the market is segmented into blade, glass tube, semiconductor, limiter and multi slow blow fuses. Based on voltage, the market is segmented into 12 & 24 V, 24-48 V, 49 – 150 V, 151 – 300 V & >300 V. Based on application, the market is segmented into auxiliary fuse, engine fuse, charge inlet fuse and battery fuse. Based on vehicle type, the market is segmented into Internal Combustion Engine (ICE) Vehicles, Electric Vehicles (EVs) and Hybrid Electric Vehicles (HEVs). Based on sales channel, the market is segmented into original equipment manufacturer (OEM) and aftermarket. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Voltage
The 24-48V segment is expected to have the largest market share and highest CAGR as it offers advantages such as low emissions. High sales of ICE vehicles are another factor contributing to the growth of this segment.
The 49–150 V section specifies the voltage rating for automotive fuses. This category applies to vehicles with electric systems operating at this voltage level. Modern vehicles have more complex electrical systems that can operate at different voltages. The fuses in the 49–150 V range are designed to meet the specific voltage requirements of this system. The 49–150 V section covers vehicle components and systems, including sensors, control modules, and other electronic devices that can operate in the voltage range.
Analysis by Fuse
The blade segment records the highest market share in 2022 and is estimated to remain at the top throughout the forecast period. This is because they offer several benefits like compactness, durability, lighting & simple structure which are widely used by OEMs. This is why the Blade segment is the most profitable fuse type segment of the global automotive fuse market.
Glass tube fuses are commonly used in automobiles to protect electrical circuits from overcurrent conditions. These fuses are designed to break and interrupt current flow when the rated current is exceeded, preventing damage to connected components. Glass tube fuses come in a variety of sizes and current ratings, making them suitable for a wide range of automotive applications. It is commonly used in lighting systems, power distribution, automotive and other electrical applications. One advantage of glass tube fuses is that their transparent casing allows for visual inspection. This makes it easy to find a blown fuse without the need for special tools.
Global Automotive Fuse Market By Fuse
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Automotive Fuse Market Regional Insights
The North American region is the leader in the automotive industry, which is driving the market growth. Traditionally, the United States is a global technology leader, and the largest automotive market in North America. It is the market leader in the region, with the highest sales of passenger cars, LCVs and HCVs. It also leads the EV market in line with the highest number of EVs sold in the North American region.
Asia Pacific is expected to grow at the significant CAGR during the forecast period, as several major automakers in countries such as India, China and Japan are also supported by expanded government efforts in the region. For instance, the Government of India Automotive Mission Plan is a joint initiative of the Government of India and the Indian automotive industry to set a road map for the growth of the sector. In addition, the Indian government expects the automotive industry to attract US$8-10 billion in local and foreign investment by 2023.
Global Automotive Fuse Market By Region
- Largest
- Fastest
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Automotive Fuse Market Dynamics
Drivers
Growing Automotive Industry Driving the Growth of Automotive Fuses Market
- Growing sales of commercial vehicles with rising GDP, increasing urbanization and infrastructure development are key factors for the growth of global automotive fuse market. Growing automotive industry is further supporting the growth of automotive fuse industry. High demand for automobiles prompted auto parts manufacturers in countries such as South Korea, Japan, China and India to develop elaborate systems. This has led to the demand for efficient automotive components and stimulated the growth of the automotive fuse industry. Technological advances in soldering, the development of fully isolated clips, and the use of tin-nickel-plated metal contacts have significantly improved vibration and shock resistance. Furthermore, the development of advanced automotive fuses has also supported the growth of the automotive fuses industry. These advancements cater to the increasing demand for efficient automotive fuses and the widespread use of high-powered fuses.
Growing Demand for Advanced Automotive Electrics and Electrical Components
- The ongoing trend in automotive demand for advanced electrical and electronic devices acts as important drivers of the long-term automotive fuse market. Modern automobiles incorporate a wide range of electronic components and systems, a Advanced Driver Assistance Systems (ADAS), infotainment systems, electric powertrains along with hybrid propulsion. As technology advances and power systems increase in complexity, they require the use of vehicle fuses to ensure if they work reliable for protecting these systems from electrical faults. Through the integration of electric vehicles (EVs) and hybrids (HEVs), high power requirements and reliance on electricity greater components further increase the demand for automotive fuses.
Restraints
Lack of Raw Materials
- Lack of raw materials in dominant markets poses a major challenge to the growing global automotive fuse market. Infrastructure plays an important role in EV sales, which in turn affects vehicle fuse sales. Access to an EV charging station is a particular challenge for EV owners in many developing countries. Unlike owners of conventional cars, EV owners don’t get a lot of convenient fuel. Inadequate infrastructure to build an EV recharge network that is easily accessible and meets the needs and requirements is a major concern in potential markets for example, access to EV charging systems is a major barrier to India, hindering widespread adoption of EVs.
Challenges Associated with Miniaturization and Heat Dissipation
- One of the important restraints affecting the automotive fuse marketplace is the demanding situations related to miniaturization and warmth dissipation of automobile fuses. As automobile producers strive to layout more compact and light-weight automobiles, there's a growing want for smaller and more area-green fuse answers. However, miniaturization poses demanding situations in terms of retaining the desired electrical performance, reliability, and heat dissipation capabilities of car fuses. Ensuring ok heat dissipation turns into particularly vital in high-temperature environments, as excessive warmness can degrade the performance of fuses and compromise their protecting feature. Addressing these challenges calls for improvements in fuse design, materials, and thermal control strategies to supply compact yet sturdy fuse answers capable of withstanding the stressful running situations in cutting-edge cars.
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Automotive Fuse Market Competitive Landscape
The competitive environment of the Global Automotive Fuse Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. The automotive fuse market is fragmented due to the presence of several local manufacturers in the automotive fuse market scenario Some of the important players in the market include Eaton Corporation, Little Fuse Inc., Pacific Engineering Corporation, Mersen Electric Power, AEM Components USA Inc.
Top Player’s Company Profiles
- Littelfuse Inc. (USA)
- Eaton Corporation (Ireland)
- Mersen Electrical Power (France)
- Pacific Engineering Corporation (Japan)
- AEM Components Inc. (USA)
- ON Semiconductor Corporation (USA)
- OptiFuse (USA)
- Bel Fuse Inc. (USA)
- Sensata Technologies Inc. (USA)
- SCHURTER Holding AG (Switzerland)
- Panduit Corp (USA)
- Fuzetec Technology Co. Ltd. (Taiwan)
- SIBA (Germany)
- Lawson Fuses India Ltd. (India)
- ABB (Switzerland)
Recent Developments
- In July 2023, Littelfuse, Inc. will have 100,000 shares specially designed for the complex circuit protection requirements of electric vehicle and compact vehicle electronics applications, the new products include narrow fuse types, PICO fuses, Nano2 fuses, and cartridge fuses, which All is certified to meet AEC-Q200 Rev E requirements to ensure long-term reliability in heavy traffic environments.
- In December 2022, Bell Group Company Bell Power Solutions announced the availability of new vehicle fuses for use in electric vehicles (EVs), energy storage systems (EES), and hybrids.
- In July 2022, THINKING launched the KRG-C series, lead-type polymer PTC resettable fuses (PPTC) for automotive applications. It has Vmax ratings of 6V, 16V, 30V, and 60V, and its Ihold ranges from 0.1A to 15A. The KRG-C Series is compatible with the AEC-Q 200 and provides more than current protection to ensure continuous operation of vehicle applications. The part is also recommended for electronic module, DC motor, and harness protection applications.
Automotive Fuse Key Market Trends
- Specialized Fuses for Electric Vehicles (EVs): Various fuse manufacturers, such as Eaton, have introduced fuses designed specifically for use on EVs. These fuses are designed to protect sensitive equipment on EVs and HEVs. The Eaton Bussman fuse provides protection as low as 135% of rated current, covers a wide range of overcurrent conditions, and prevents any damage associated with cycle fatigue. Fuses require 48% less space, on EVs 50% less and heavier than conventional fuses. They also have 11% higher efficiency than the Japanese Automotive Standards Organization (JASO) D622 specification, eliminating the need for circuit safety redesign, as batteries are designed and optimized for higher efficiency.
Automotive Fuse Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global automotive fuses market is experiencing vigorous growth driven by several major factors such as increasing in-vehicle electrification, increasing safety concerns, stringent automotive safety regulations, and technological advancements in automobiles in electronics. Automotive fuses play an important role in protecting automotive electrical systems due to lightning and faults. The global automotive fuses market includes fuses specially designed for automotive applications, manufacturing, distribution and service. Fuses are essential components in automobiles, protecting electrical circuits from overload and short circuit by breaking circuits when overcurrent flows Automotive Fuse Market. Various types of vehicles including passenger cars people, commercial vehicles and electric vehicles, as well as vehicle systems, such as powertrains, body electronics, safety systems and infotainment etc. meet the requirements. Innovations in fuse technology aim to improve performance, reliability and safety. Manufacturers are developing next-generation fuses with features such as faster operating times, higher current ratings, compact design, and resistance to temperature fluctuations and environmental factors such as vibration which is advanced.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 27.05 billion |
| Market size value in 2031 | USD 44.93 billion |
| Growth Rate | 5.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Fuse Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Fuse Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Fuse Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Fuse Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Fuse Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Fuse Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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