DUBLIN--(BUSINESS WIRE)--The "Automotive Fuse Market by Fuse Type (Blade, Glass Tube, Semiconductor), BEV & Hybrid Vehicle Application, Voltage, Amperage, Motor Output, Battery Capacity, ICE, EV & Mild Hybrid Vehicle, Aftermarket, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The automotive fuse market is projected to grow at a CAGR of 6.84% during the forecast period, to reach USD 24.33 Billion by 2025 from USD 14.33 Billion in 2017.
The demand for an increase in vehicle power and battery capacity in electric & hybrid vehicles is projected to fuel the demand for high voltage fuse for traction motor and battery. On the other hand, the major factors hindering the growth of the automotive fuse market for ICE vehicles is very limited development in the field of low voltage fuse.
The market for semiconductor fuse is projected to grow at the highest CAGR during the forecast period from 2017 to 2025 by value, as these types of fuses are used to increase the safety of the electrical circuits and various components such as lighting system, infotainment system, and brake and clutch pedal circuits among others. Hence, with an increase in focus towards safety, & luxury, the demand for these fuse types will be on the rise. A single semiconductor fuse has the ability to handle more than one electrical circuit with increased safety and durability. Due to the increasing use of ECUs and advanced features in vehicles, the semiconductor fuse market is expected to grow in the future.
The fuse market of HEV segment is projected to be the largest market, by value, owing to the highest sales of HEV, globally, especially in Asia Oceania Region. Increasing demand for the premium HEV is expected to showcase a huge impact in the automotive fuse market owing to the number of fuses used in the D, E, and F vehicle segments are much higher than the low vehicle segments. Additionally, with time, many premium features like ambient lighting and advanced ADAS features are expected to make their way into mass-produced HEVs.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Fuse Market, By Fuse Type
7 Automotive Fuse Market, By Voltage
8 Hybrid Vehicle Fuse Market, By Application
9 Battery Electric Vehicle Fuse Market, By Application
10 Automotive Fuse Market, By Motor Output
11 Automotive Fuse Market, By Battery Capacity
12 Automotive Fuse Market, By Ampere
13 Automotive Fuse Market, By Market Type
14 Automotive Fuse Market, By Ice Vehicle Type
15 Automotive Fuse Market, By Electric & Hybrid Vehicle Type
16 Automotive Fuse Market, By Region
17 Competitive Landscape
18 Company Profiles
- AEM Components
- ON Semiconductor
- Pacific Engineering Corporation
For more information about this report visit https://www.researchandmarkets.com/research/xr246z/worldwide?w=4