Automotive Fuse
Publication Date
February 2024
USD 23.02 billion
USD 30.97 billion
USD 23.98 billion
Automotive Fuse Market by Fuse Type (Blade, Glass Tube, Semiconductor), Voltage (12 & 24 V, 151–300v, 24–48 V), Battery Capacity, ICE Vehicle Type, Distribution, Application - Global Forecast 2024-2030

[193 Pages Report] The Automotive Fuse Market size was estimated at USD 23.02 billion in 2023 and expected to reach USD 23.98 billion in 2024, at a CAGR 4.32% to reach USD 30.97 billion by 2030.

Automotive Fuse Market
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An automotive fuse is an electrical safety device used in vehicles to protect various electrical circuits from excessive current flow. It is a small, low-resistance conductor with a predetermined current rating designed to melt and break the circuit in the event of an overload or short circuit. The main purpose of an automotive fuse is to prevent damage to the vehicle's electrical system, such as wiring, components, and even fire hazards, by interrupting the flow of excessive current. Fuses are usually in a fuse panel or box, often in the engine compartment or the vehicle's interior. Automotive fuses are typically color-coded to indicate their current rating, which helps easy identification and replacement. Moreover, increasing applications of high voltage architecture in electric vehicles and various government standards and policies for vehicle safety and comfort are significantly increasing demand for automotive fuses. However, volatility in raw material prices, failure and malfunctioning of fuse, and limited development in low-voltage fuses impedes the adoption of automotive fuses. In addition, the development of surface-mounted fuses and the evolution of the new and advanced automotive era electrification is expected to create tremendous opportunities for market development.

Automotive Fuse Market - Global Forecast 2024-2030
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Regional Insights

In the Americas region, the increasing number of automotive sales and the targeted sales of new electric vehicles, the rising popularity of environmentally friendly electric vehicles, and technical advancements in manufacturing autonomous vehicles raised the adoption of automotive fuses. Market players in the Americas region are encouraged to develop their products through research and innovate new cost-effective and efficient technologies, such as electric and hybrid vehicles favored by the consumers and the government. In the Asia-Pacific, the government implements national-level campaigns, policies, and regulations, mainly focused on electric vehicles and an increasing number of automotive manufacturing companies, contributing to developing the automotive fuse market. Automotive fuse and automotive vendors in the Asia-Pacific are involved in research and development (R&D), expansion, and collaborative activities. The government's electric vehicle policies support R&D activities to improve these vehicles' fuel efficiency and performance, which significantly raised the utilization of automotive fuse. In the EMEA region, ongoing investments in the automotive sector and the favorable governmental rules and regulations for electric vehicle utilization increased demand for automotive fuses. Several countries, including France, Germany, Italy, the United Arab Emirates, Saudi Arabia, and Qatar, significantly invested in developing integrated technologies of automotive fuse. The EMEA region exponentially increases the automotive productions associated with electric and hybrid cars, further boosting the demand for an automotive fuse.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Automotive Fuse Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Automotive Fuse Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Bel Acquires a Stake in Innolectric AG, Further Enhancing Its Position in the Rapidly Evolving EV On-board Charging Market for Commercial Vehicles

    Bel Fuse Inc. made a minority stake investment in Innolectric AG, a German-based company specializing in power electronics and fast charging technology for Electric Vehicles (EV). This strategic alliance enables Innolectric to utilize Bel's capabilities across various areas, including sales, procurement, and manufacturing. According to Tim Karcher, innolectric's CEO, this partnership is expected to bring immense benefits. Bel has protection rights and the option to expand further as part of the investment by increasing its 1/3 ownership stake after fulfilling specific milestones. [Published On: 2023-02-06]

  • Bel Power Solutions Unveil High-Voltage Fuses for eMobility

    Bel Power Solutions, a subsidiary of the Bel Group, launched a new range of automotive fuses that are specifically designed for eMobility applications in electric and hybrid vehicles, as well as electrical energy storage. These innovative fuses enable customers to design products for battery modules, packs, junction boxes, chargers, charging stations, and more. The self-certified products meet stringent automotive requirements and have become available for distribution in December 2022. [Published On: 2022-12-06]

  • Mersen Launches Non-Indicating Class RK1 Fuse Series

    Mersen launched non-indicating variants of its A2D and A6D Series Class RK1 fuses, which are available in a range of ampere ratings from 8-600A. These fuses provide the same level of reliability and performance as the original SmartSpot indicating version, albeit without the indication feature. The non-indicating fuses meet the National Electric Code requirements for use in Class I Division 2 hazardous locations. They are identical in size, mounting terminals, and ratings to their indicating counterparts. This launch is a significant step toward improving the performance and reliability of automotive fuses, while eliminating the need for indication. [Published On: 2022-03-30]

Key Company Profiles

The report delves into recent significant developments in the Automotive Fuse Market, highlighting leading vendors and their innovative profiles. These include AEM Components (USA), Inc., Baomain Electric Co.,Ltd, Bel Fuse Inc., Carling Technologies, E-T-A Engineering Technology, Eaton Corporation, EG Electornics, ELED d.o.o., Fuzetec Technology Co., Ltd., HELLA GmbH & Co. KGaA, Infineon Technologies AG, Littelfuse, Inc., Magna International Inc., Mersen Group, Mouser Electronics, Inc., MTA S.p.A., Optifuse, Pacific Engineering Corporation, Robert Bosch GmbH, Schaltbau Group, Schneider Electric SE, SCHOTT AG, Schurter AG, Sensata Technologies, Inc, TE Connectivity, and Vishay Intertechnology, Inc..

Market Segmentation & Coverage

This research report categorizes the Automotive Fuse Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Fuse Type
    • Blade
    • Glass Tube
    • Semiconductor
  • Voltage
    • 12 & 24 V
    • 151–300v
    • 24–48 V
    • 49–150 V
    • Less than 300 V
  • Battery Capacity
    • 30–75 kWh
    • 75–150 kWh
    • Less than 150 kWh
    • More than 30 kWh
  • ICE Vehicle Type
    • HCV
    • LCV
    • Mild Hybrid Vehicles (48 V)
    • Passenger Cars
  • Distribution
    • Aftermarket
    • OEM
  • Application
    • Auxiliary Fuse
    • Battery Fuse
    • Charge Inlet Fuse
    • Engine Fuse
    • Onboard Charger Fuse
    • Pcu Fuse
    • Traction Motor Fuse

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Automotive Fuse Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Automotive Fuse Market?
  3. What are the technology trends and regulatory frameworks in the Automotive Fuse Market?
  4. What is the market share of the leading vendors in the Automotive Fuse Market?
  5. Which modes and strategic moves are suitable for entering the Automotive Fuse Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Automotive Fuse Market, by Fuse Type
  7. Automotive Fuse Market, by Voltage
  8. Automotive Fuse Market, by Battery Capacity
  9. Automotive Fuse Market, by ICE Vehicle Type
  10. Automotive Fuse Market, by Distribution
  11. Automotive Fuse Market, by Application
  12. Americas Automotive Fuse Market
  13. Asia-Pacific Automotive Fuse Market
  14. Europe, Middle East & Africa Automotive Fuse Market
  15. Competitive Landscape
  16. Competitive Portfolio
Companies Mentioned
  • AEM Components (USA), Inc.
  • Baomain Electric Co.,Ltd
  • Bel Fuse Inc.
  • Carling Technologies
  • E-T-A Engineering Technology
  • Eaton Corporation
  • EG Electornics
  • ELED d.o.o.
  • Fuzetec Technology Co., Ltd.
  • HELLA GmbH & Co. KGaA
  • Infineon Technologies AG
  • Littelfuse, Inc.
  • Magna International Inc.
  • Mersen Group
  • Mouser Electronics, Inc.
  • MTA S.p.A.
  • Optifuse
  • Pacific Engineering Corporation
  • Robert Bosch GmbH
  • Schaltbau Group
  • Schneider Electric SE
  • Schurter AG
  • Sensata Technologies, Inc
  • TE Connectivity
  • Vishay Intertechnology, Inc.
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Frequently Asked Questions about the Automotive Fuse Market
The Global Automotive Fuse Market size was estimated at USD 23.02 billion in 2023 and expected to reach USD 23.98 billion in 2024.
The Global Automotive Fuse Market to grow USD 30.97 billion by 2030, at a CAGR of 4.32%
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