Automotive Fuse Market SWOT Analysis by 2031
The automotive fuse market is expected to register a CAGR of 4.1% during 2023–2031. The evolution of advanced technologies and the introduction of high-end vehicles will likely remain a key trend in the market.
Automotive Fuse Market Analysis
- The increasing vehicle production and growing electrification in automobiles are all expected to drive the market's expansion shortly.
- Furthermore, the rising significance of safety and comfort features in automobiles is also driving the growth of the automotive fuse market.
- Among all electrical components in an automobile, fuse units are the most frequently used and required. This signifies the rise in demand for cars with advanced technical features.
- To meet rising consumer demand, automakers are increasing the production of these vehicles. Fuse development is becoming more important as electric vehicles with more integrated electronic features gain popularity.
Automotive Fuse Market Overview
- Manufacturers of automotive parts focus on developing advanced systems in response to the growing demand for automobiles in various nations. This is fueling the global growth of the automotive fuse market by increasing demand for efficient automotive parts.
- Additionally, the development of complete insulated clips, the application of tin and nickel-plated brass contacts that ensure resistance to vibration and shock, and technological advancements to ensure soldering are all contributing to the development of advanced automotive fuses, which is driving the growth of the automotive fuse market.
- The growing use of high-power fuses is also supporting global demand for efficient automotive fuses.
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Automotive Fuse Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Automotive Fuse Market: Strategic Insights
Naveen
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Automotive Fuse Market Drivers and Opportunities
Regulations and Strict Safety Standards to Favor the Market
- Regulations and strict safety standards continue to positively impact automobile design worldwide.
- An important component of these safety precautions is automobile fuses. They ensure the safety of drivers and passengers by guarding against electrical malfunctions and lowering the possibility of fires.
- To adhere to safety regulations, government agencies, and safety groups require the use of automobile fuses.
- Certain safety requirements that vehicles must meet are mandated by the Federal Motor Vehicle Safety Standards (FMVSS) in the United States.
- Penalties and recalls may occur from noncompliance. The market for fuses is expanding as a result of automakers installing premium fuses to satisfy these requirements.
Increasing Demand for Control Cable
- Global economic improvement has led to a shift in consumers' overall lifestyles. Global passenger car sales are up, particularly for premium vehicles, which signifies that people's lifestyles and financial situations have improved. Families with higher disposable incomes are increasing, and as a result, demands have adjusted to fit their new way of life, changing preferences.
- Global sales of high-end passenger cars have also benefited from factors such as rising per capita income, bettering infrastructure, and growing OEM competition to provide better features.
- In developed nations such as the US, UK, and Germany, consumers have a lot of purchasing power. As a result, buyers can purchase expensive cars. Premium vehicles use automotive fuses more frequently than mid- or low-segment vehicles do due to their added safety and luxury features; the demand for automotive fuses is predicted to rise in tandem with the rising demand for premium cars.
Automotive Fuse Market Report Segmentation Analysis
Key segments that contributed to the derivation of the automotive fuse market analysis are fuse type, vehicle type, and battery capacity.
- Based on the fuse type, the automotive fuse market is divided into glass tubes, blades, semiconductors, and others.
- based on the vehicle type, the market is divided into hybrid electric vehicle (HEV), battery electric vehicle (BEV), and plug-in hybrid electric vehicle (PHEV).
- Based on battery capacity, the automotive fuse market is divided into <30 kWh, 30-75 kWh, 75-150 kWh, and >150 kWh.
Automotive Fuse Market Share Analysis by Geography
- The automotive fuse market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering automotive fuse market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the automotive fuse market in these regions.
Automotive Fuse Market Report Scope
Automotive Fuse Market News and Recent Developments
The automotive fuse market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the automotive fuse market are listed below:
- Littelfuse, Inc., an industrial technology manufacturing company empowering a sustainable, connected, and safer world, announced the release of its AEC-Q200 Rev E Qualified Fuses, specifically designed for the demanding circuit protection needs of compact automotive electronics and electric vehicle (EV) applications. The new product portfolio includes a range of thin film fuses, Nano2 fuses, PICO fuses, and cartridge fuses, all certified to meet the AEC-Q200 Rev E qualifications for fuses to ensure the long-term reliability of components used in harsh automotive environments. (Source: Littelfuse, Inc, Company Website, July 2023)
- Bel Power Solutions, a Bel group company, today announced the availability of a new line of automotive fuses, most suitable for eMobility applications seen in electric vehicles (EVs), hybrid vehicles, and electrical energy storage (EES).Products in this series include 0AFG, 0AKH, 0AKK, 0AKL, 0AKM, 0AKN, 0AKR, 0AKS, 0ALA, 0ALE. The products are to be made available through distribution beginning December 2022. (Source: Bel Power Solutions, Company Website, December 2022)
Automotive Fuse Market Report Coverage and Deliverables
The “Automotive Fuse Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Automotive fuse market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automotive fuse market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Automotive fuse market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the automotive fuse market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share an Excel dataset based on the request.
The leading players operating in the automotive fuse market are ON Semiconductor, Schurter Holding AG, Littelfuse, Inc., Eaton Corporation Plc, MersenLittelfuse, Inc., OptiFuse, Pacific Engineering Corporation and AEM Components (USA), Inc..
An increase in sales of high-end vehicles is anticipated to play a significant role in the global automotive fuse market in the coming years.
The global automotive fuse market is expected to grow at a CAGR of 4.1% during the forecast period 2023 - 2031.
The rapid technological advancement in the automotive sector is one of the major factors driving the automotive fuse market.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
2 KEY TAKEAWAYS
3 AUTOMOTIVE FUSE MARKET LANDSCAPE
3.1 OVERVIEW
3.2 MARKET SEGMENTATION
3.2.1 Automotive Fuse Market - By Fuse Type
3.2.2 Automotive Fuse Market - By Vehicle Type
3.2.3 Automotive Fuse Market - By Battery Capacity
3.2.4 Automotive Fuse Market - By Region
3.2.4.1 By Countries
3.2.5 PEST Analysis
3.2.5.1 North America - PEST Analysis
3.2.5.2 Europe - PEST Analysis
3.2.5.3 Asia Pacific (APAC) - PEST Analysis
3.2.5.4 Middle East & Africa (MEA) - PEST Analysis
3.2.5.5 South America (SAM)- PEST Analysis
4 AUTOMOTIVE FUSE MARKET - KEY INDUSTRY DYNAMICS
4.1 KEY MARKET DRIVERS
4.2 KEY MARKET RESTRAINTS
4.3 KEY MARKET OPPORTUNITIES
4.4 FUTURE TRENDS
4.5 PAYMENT TECHNOLOGY TREND ANALYSIS
4.6 IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
5 AUTOMOTIVE FUSE MARKET - GLOBAL MARKET ANALYSIS
5.1 AUTOMOTIVE FUSE - GLOBAL MARKET OVERVIEW
5.2 AUTOMOTIVE FUSE - GLOBAL MARKET AND FORECAST TO 2025
6 AUTOMOTIVE FUSE MARKET REVENUE AND FORECASTS TO 2028 - FUSE TYPE
6.1 OVERVIEW
6.2 FUSE TYPE MARKET FORECASTS AND ANALYSIS
6.3 GLASS TUBE MARKET
6.3.1 Overview
6.3.2 Glass Tube market forecast and analysis
6.4 BLADE MARKET
6.4.1 Overview
6.4.2 Blade market forecast and analysis
6.5 SEMICONDUCTOR MARKET
6.5.1 Overview
6.5.2 Semiconductor market forecast and analysis
6.6 OTHER MARKET
6.6.1 Overview
6.6.2 Other market forecast and analysis
7 AUTOMOTIVE FUSE MARKET REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
7.1 OVERVIEW
7.2 VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
7.3 HYBRID ELECTRIC VEHICLE (HEV) MARKET
7.3.1 Overview
7.3.2 Hybrid Electric Vehicle (HEV) market forecast and analysis
7.4 BATTERY ELECTRIC VEHICLE (BEV) MARKET
7.4.1 Overview
7.4.2 Battery Electric Vehicle (BEV) market forecast and analysis
7.5 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV) MARKET
7.5.1 Overview
7.5.2 Plug-In Hybrid Electric Vehicle (PHEV) market forecast and analysis
8 AUTOMOTIVE FUSE MARKET REVENUE AND FORECASTS TO 2028 - BATTERY CAPACITY
8.1 OVERVIEW
8.2 BATTERY CAPACITY MARKET FORECASTS AND ANALYSIS
8.3 <30 KWH MARKET
8.3.1 Overview
8.3.2 <30 kWh market forecast and analysis
8.4 30-75 KWH MARKET
8.4.1 Overview
8.4.2 30-75 kWh market forecast and analysis
8.5 75-150 KWH MARKET
8.5.1 Overview
8.5.2 75-150 kWh market forecast and analysis
8.6 >150 KWH MARKET
8.6.1 Overview
8.6.2 >150 kWh market forecast and analysis
9 AUTOMOTIVE FUSE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1 NORTH AMERICA
9.1.1 North America Automotive Fuse Market Overview
9.1.2 North America Automotive Fuse Market Forecasts and Analysis
9.1.3 North America Market Forecasts and Analysis - By Countries
9.1.3.1 US market
9.1.3.2 Canada market
9.1.3.3 Mexico market
9.1.4 North America Market Forecasts and Analysis - By Fuse Type
9.1.5 North America Market Forecasts and Analysis - By Vehicle Type
9.1.6 North America Market Forecasts and Analysis - By Battery Capacity
9.2 EUROPE
9.2.1 Europe Automotive Fuse Market Overview
9.2.2 Europe Automotive Fuse Market Forecasts and Analysis
9.2.3 Europe Market Forecasts and Analysis - By Countries
9.2.3.1 France market
9.2.3.2 Germany market
9.2.3.3 Italy market
9.2.3.4 Spain market
9.2.3.5 UK market
9.2.3.6 Rest of Europe
9.2.4 Europe Market Forecasts and Analysis - By Fuse Type
9.2.5 Europe Market Forecasts and Analysis - By Vehicle Type
9.2.6 Europe Market Forecasts and Analysis - By Battery Capacity
9.3 ASIA PACIFIC (APAC)
9.3.1 Asia Pacific Automotive Fuse Market Overview
9.3.2 Asia Pacific Automotive Fuse Market Forecasts and Analysis
9.3.3 Asia Pacific Market Forecasts and Analysis - By Countries
9.3.3.1 Australia market
9.3.3.2 China market
9.3.3.3 India market
9.3.3.4 Japan market
9.3.3.5 Rest of APAC
9.3.4 Asia Pacific Market Forecasts and Analysis - By Fuse Type
9.3.5 Asia Pacific Market Forecasts and Analysis - By Vehicle Type
9.3.6 Asia Pacific Market Forecasts and Analysis - By Battery Capacity
9.4 MIDDLE EAST AND AFRICA (MEA)
9.4.1 Middle East and Africa Automotive Fuse Market Overview
9.4.2 Middle East and Africa Automotive Fuse Market Forecasts and Analysis
9.4.3 Middle East and Africa Market Forecasts and Analysis - By Countries
9.4.3.1 South Africa market
9.4.3.2 Saudi Arabia market
9.4.3.3 UAE market
9.4.3.4 Rest of MEA
9.4.4 Middle East and Africa Market Forecasts and Analysis - By Fuse Type
9.4.5 Middle East and Africa Market Forecasts and Analysis - By Vehicle Type
9.4.6 Middle East and Africa Market Forecasts and Analysis - By Battery Capacity
9.5 SOUTH AMERICA (SAM)
9.5.1 South America Automotive Fuse Market Overview
9.5.2 South America Automotive Fuse Market Forecasts and Analysis
9.5.3 South America Market Forecasts and Analysis - By Countries
9.5.3.1 Brazil market
9.5.3.2 Rest of SAM
9.5.4 South America Market Forecasts and Analysis - By Fuse Type
9.5.5 South America Market Forecasts and Analysis - By Vehicle Type
9.5.6 South America Market Forecasts and Analysis - By Battery Capacity
10 INDUSTRY LANDSCAPE
10.1 MERGERS & ACQUISITIONS
10.2 MARKET INITIATIVES
10.3 NEW DEVELOPMENTS
10.4 INVESTMENT SCENARIOS
11 COMPETITIVE LANDSCAPE
11.1 COMPETITIVE PRODUCT MAPPING
11.2 MARKET POSITIONING/ MARKET SHARE
12 AUTOMOTIVE FUSE MARKET, KEY COMPANY PROFILES
12.1 ON SEMICONDUCTOR
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Developments
12.2 SCHURTER HOLDING AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 SWOT Analysis
12.2.5 Key Developments
12.3 LITTELFUSE, INC.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 SWOT Analysis
12.3.5 Key Developments
12.4 EATON CORPORATION PLC
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 SWOT Analysis
12.4.5 Key Developments
12.5 MERSEN
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 SWOT Analysis
12.5.5 Key Developments
12.6 LITTELFUSE, INC.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
12.6.4 SWOT Analysis
12.6.5 Key Developments
12.7 OPTIFUSE
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 SWOT Analysis
12.7.5 Key Developments
12.8 PACIFIC ENGINEERING CORPORATION
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 SWOT Analysis
12.8.5 Key Developments
12.9 AEM COMPONENTS (USA), INC.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 SWOT Analysis
12.9.5 Key Developments
12.10 MOUSER ELECTRONICS, INC.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Financial Overview
12.10.4 SWOT Analysis
12.10.5 Key Developments
13 APPENDIX
13.1 ABOUT THE INSIGHT PARTNERS
13.2 GLOSSARY OF TERMS
13.3 RESEARCH METHODOLOGY
The List of Companies
1. ON Semiconductor
2. Schurter Holding AG
3. Littelfuse, Inc.
4. Eaton Corporation Plc
5. Mersen
6. Littelfuse, Inc.
7. OptiFuse
8. Pacific Engineering Corporation
9. AEM Components (USA), Inc.
10. Mouser Electronics, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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