Automotive Fuse is used to protect the wiring and electrical equipment in vehicles. They are generally rated from 32-volt direct current, but sometimes they are rated at 42 volts. There are different types of fuse used in automotive, which includes blade, glass tube, and semiconductor. Blades tubes consist of plastic body and two prongs that allow the fuse to fit into the system. Each fuse is printed with the rated current in ampere on the body of the fuse. The blade fuse comes in six different types of dimension, which includes micro2, micro3, LP-mini, mini, regular, and max. The increased use of electronic components in the vehicles is expected to drive the automotive fuse market in future.
The automotive fuse market is majorly driven by the growing use of electronic components in the automotive industry. The passenger and commercial vehicles sales have increased mainly due to competitive and diverse option available of finance. The availability of finance has resulted in increased purchase of the vehicle. According to OICA, the sales of new vehicles has increased from 2013 to 2016. In 2013, the number of vehicles sold were 85.6 million while in 2016 it was 9.38 million. The increase in the demand of passenger and commercial vehicle is expected to drive the automotive fuse market during the forecast period.
The automotive fuse market is segmented based on fuel type, material, technology, and vehicle type. On the basis of fuel type, the market is segmented into blade, glass tube, semiconductor, others. The blade fuse type is expected to dominate the market in future because they are compact in size, lighter in weight, and durable as compared to other types of fuse. The increased use of blade type fuse in the automotive sector is expected to drive the segment in future. On the basis of Current, the market is segmented into (<40A, 40-100A, >100A. 40-100A current segment is expected to dominate the market in future because they are generally used in engine-related electric circuits, low voltage inlets, and motors. On the basis of vehicle type, the market is segmented into passenger car and commercial vehicles. Passenger car segment is expected to dominate the market in future due to an increase in the sales of passenger car in emerging economies.
Automotive Fuse Market, By Segmentation
On the basis of region, the market is segmented as North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the market in future due to an increase in production of passenger and commercial vehicles. The automotive manufacturers are investing heavily in this region due to the availability of cheap labor and growing demand for the vehicles. This increase in the demand of the vehicles will result in increased use of automotive fuse and hence will further drive the market. North America is expected to be the second largest region to grow in this market during the forecast period.
The prominent players in the automotive fuse market include Eaton (Ireland), ON Semiconductor (US), Littelfuse, Inc. (US), Sensata Technologies, Inc. (US), MERSEN S.A. (France), SCHURTER Holding AG (Switzerland), and Carling Technologies Inc. (U.S.). Mouser Electronics, Inc.(U.S.), OptiFuse (U.S.), Panduit Corp (U.S.), AEM, Inc. (U.S.), and Blue Sea Systems(U.S.) are among others.
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