자동차용 퓨즈 시장 예측(-2030년) : 유형별, 차종별, 퓨즈 정격별, 용도별, 지역별 세계 분석

According to Stratistics MRC, the Global Automotive Fuse Market is accounted for $27.7 billion in 2024 and is expected to reach $35.1 billion by 2030 growing at a CAGR of 4.0% during the forecast period. Automotive fuse is an electrical safety device designed to protect a vehicle's electrical circuits from damage caused by excessive current. It operates as a critical component in a vehicle's electrical system, ensuring that components and wiring are shielded from potential overloads and short circuits. The fuse consists of a metal wire or filament encased in a protective housing. This wire is designed to melt and break the circuit when the current flowing through it exceeds a specified rating.

According to CAAM, in April 2022, China's new energy vehicle sales amounted to 299,000 units, of which 280,000 were electric passenger vehicles (EVs) and 19,000 were commercial electric vehicles.

Market Dynamics:

Driver:

Increasing vehicle electrification and electronic content

The increasing trend of vehicle electrification, driven by safety, comfort, and environmental concerns, is increasing the demand for fuse units in light-duty chargeable vehicles like battery electric vehicles (BEVs) and hybrid electric vehicles (HEVs). Advanced fuse technology is needed to protect expensive components like batteries and motors from electrical surges or short circuits. The automotive fuse market is also shifting towards high-voltage architectures, which require specialized fuses capable of handling higher currents.

Restraint:

Limited development in low-voltage fuses

The current low-voltage fuses in vehicles may not provide adequate protection against high fault currents and complex electrical loads, leading to increased risks of electrical failures and potential damage to sensitive components. Additionally, the lack of advancements in low-voltage fuse technology can hinder the automotive industry's progress, hindering manufacturers' ability to meet evolving vehicle demands and market competitiveness.

Opportunity:

Growing demand for premium and luxury vehicles

Luxury vehicles are increasingly equipped with advanced electronic systems, requiring a higher number of fuses to protect these systems from electrical faults. This demand for automotive fuses is driven by the complexity and power requirements of these vehicles, which often require fuses with higher specifications, prompting manufacturers to innovate and develop advanced fuse technologies.

Threat:

Competition from alternative technologies

The rise of smart junction boxes and integrated circuit breakers may decrease the demand for traditional automotive fuses, potentially replacing them in certain applications. This could also pressure manufacturers to lower prices to match or undercut these alternatives, resulting in reduced profit margins and making it difficult for them to invest in new product development driving the growth of the market.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the Automotive Fuse market, causing disruptions in production and supply chains. Lockdowns and restrictions led to factory closures and reduced vehicle manufacturing, resulting in decreased demand for automotive fuses. Additionally, global health crises disrupted the supply of raw materials essential for fuse production, further exacerbating delays and increasing costs. As the automotive industry gradually recovers, the shift towards electrification and advanced electronic systems in vehicles is expected to drive future demand for specialized fuses.

The glass tube fuses segment is expected to be the largest during the forecast period

The glass tube fuses is expected to be the largest during the forecast period as they are used in older vehicles for precise, low-current protection, but are less dominant than modern blade fuses. They are cost-effective and reliable, but less robust in high-vibration environments. This may influence their use in newer vehicles with advanced fuse technologies, affecting demand in specific market segments.

The medium current fuses segment is expected to have the highest CAGR during the forecast period

The medium current fuses segment is expected to have the highest CAGR during the forecast period as the demand for medium current fuses, typically rated between 10 to 30 amps, is increasing due to the rise in electronic components in vehicles. These fuses are crucial for protecting circuits and ensuring the reliability and safety of electrical systems. As automotive manufacturers focus on improving safety and performance, the adoption of medium current fuses is likely to increase.

Region with largest share:

North America is projected to hold the largest market share during the forecast period as the market is significantly influenced by stringent safety and emission regulations in North America, particularly in the United States and Canada. Compliance with these regulations necessitates the use of reliable and effective fuse technologies to ensure vehicle safety and performance propelling the market growth in this region.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period because the market is being influenced by technological advancements in fuse technology, including miniaturized fuses and durable materials, which offer improved performance and reliability for complex electrical systems in modern vehicles. The rise of electric and hybrid vehicles in the Asia-Pacific region necessitates specialized fuses for higher loads and reliable protection.

Key players in the market

Some of the key players in Automotive Fuse market include AEM Components (USA), Inc., Bel Fuse Inc., Blue Sea Systems, Eaton Corporation, E-T-A Elektrotechnische Apparate GmbH, Fuzetec, Little Fuse Inc., Mersen Electrical Power, ON Semiconductor, OptiFuse , Pacific Engineering Corporation, Panduit Corp, Schurter Holding AG and Sensata Technologies

Key Developments:

In April 2024, Eaton's relaunch program enabling women to restart their careers. The program is aimed at women in India who were on a career break due to any significant reason and are now looking to restart their professional journey.

In June 2024, Eaton in India expands its manufacturing footprint in Puducherry. The new block spans an impressive 40,000 square feet and is laid out with cutting-edge manufacturing lines to produce ACBs (Air Circuit Breakers) and MCCBs (Molded Case Circuit Breakers) to ably serve the Electrical Industry deploying the state-of-the-art LEAN manufacturing concepts.

Types Covered:

• Glass Tube Fuses
• Blade Fuses
• Cartridge Fuses
• Micro Fuses
• Mini Fuses
• Resettable Fuses
• Ceramic Fuses
• Other Types

Vehicle Types Covered:

• Passenger Cars
• Light Commercial Vehicles
• Electric Vehicles (EVs)
• Two-Wheelers
• Other Vehicle Types

Fuse Ratings Covered:

• Low Current Fuses
• Medium Current Fuses
• High Current Fuses

Applications Covered:

• Powertrain
• Body
• Chassis
• Safety
• Electronics
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Automotive Fuse Market, By Type

• 5.1 Introduction
• 5.2 Glass Tube Fuses
• 5.3 Blade Fuses
• 5.4 Cartridge Fuses
• 5.5 Micro Fuses
• 5.6 Mini Fuses
• 5.7 Resettable Fuses
• 5.8 Ceramic Fuses
• 5.9 Other Types

6 Global Automotive Fuse Market, By Vehicle Type

• 6.1 Introduction
• 6.2 Passenger Cars
• 6.3 Light Commercial Vehicles
• 6.4 Electric Vehicles (EVs)
• 6.5 Two-Wheelers
• 6.6 Other Vehicle Types

7 Global Automotive Fuse Market, By Fuse Rating

• 7.1 Introduction
• 7.2 Low Current Fuses
• 7.3 Medium Current Fuses
• 7.4 High Current Fuses

8 Global Automotive Fuse Market, By Application

• 8.1 Introduction
• 8.2 Powertrain
• 8.3 Body
• 8.4 Chassis
• 8.5 Safety
• 8.6 Electronics
• 8.7 Other Applications

9 Global Automotive Fuse Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 AEM Components (USA), Inc.
• 11.2 Bel Fuse Inc.
• 11.3 Blue Sea Systems
• 11.4 Eaton Corporation
• 11.5 E-T-A ElektrotechnischeApparateGmbH
• 11.6 Fuzetec
• 11.7 Little Fuse Inc.
• 11.8 Mersen Electrical Power
• 11.9 MERSEN S.A
• 11.10 ON Semiconductor
• 11.11 OptiFuse
• 11.12 Pacific Engineering Corporation
• 11.13 Panduit Corp
• 11.14 Schurter Holding AG
• 11.15 Sensata Technologies