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Automotive fuses are a class of fuses used to protect the wiring and electrical equipment inside vehicle. They are generally designed for circuits no higher than 32 volts direct current, but some types are designed for 42-volt electrical systems. Automotive fuses are also used in non-automotive electrical products. Automotive fuses are classified as Blade fuses (also called spade or plug-in fuses), Bosch type, Lucas type, Glass tube type, Limiter type.
Global Automotive Fuses Market is expected to reach USD 13.4 billion by 2022 at a CAGR of 6.9 %. Increase in vehicle production is primary reason for growth of Automotive Fuses Market.Rise in disposable income, population,urbanisation , development in road transportation services are also propelling fuel in the growth of Automotive Fuses Market.Technological advancement in Automotive Fuses market includes advancements in both chip and wire-in-air fuse technology is offering dramatically better reliability results over traditional solutions. Multi-layer Ceramic Chip Fuse has a wider operating temperature and can maintain stable operating characteristics in extreme conditions. AirMatrix Fuse offers reliable operation in high-stress automotive applications.
North America (USA and Canada) contributes 37% of overall Automotive Fuses Market.Largest number of vehicle manufactures and user is key factor for highest demand of Automotive Fuses in North America. Developing countries like China and India in Asia pacific region with highest population count shares 27% of overall Market.Europe , Middle east and Latin America contributes 18% ,13% and 5% resp. in Global Automotive Fuses Market.
Automotive Fuses Market : Fuse Type
Automotive Fuses Market : Application
Global Automotive Fuses Market : Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Automotive Fuses Market:
Geographical analysis of Automotive Fuses Market :
Automotive Fuses Market Report delivers comprehensive analysis of :
Global Automotive Fuses Market Report delivers comprehensive analysis of :
| Parameters | Details |
|---|---|
Base Year | 2022 |
Historical Data | 2017-2022 |
Forecast Data | 2023-2029 |
Base Year Value (2022) | USD 11070.04 million |
Forecast Value (2029) | USD 20181.27 million |
CAGR (2022 to 2028) | 6.9 % |
Regional Scope | North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Automotive Fuses Market was valued at around USD 11070.04 million in 2022 & estimated to reach USD 20181.27 million by 2029.
Automotive Fuses Market is likely to grow at compounded annual growth rate (CAGR) of 6.9% between 2023 to 2029.
North America (USA and Canada) contributes 37% of overall Automotive Fuses Market.
Some of the top companies included in the research report are Littelfuse, Eaton, PEC, Tamura, MTA, Hansor Polymer Technology, ESKA, AURORA Co., Ltd., Selittel Fuses, Hongda Electronic Technology, Vicfuse, Dong Guan Andu Electronics.
Increase in vehicle production is primary reason for growth of Automotive Fuses Market. Rise in disposable income, population,urbanisation , development in road transportation services are also propelling fuel in the growth of Automotive Fuses Market.
Yes, the report includes COVID 19 impact on the market.
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