PUBLISHER: Market Research Future | PRODUCT CODE: 1591338
PUBLISHER: Market Research Future | PRODUCT CODE: 1591338
Global Efuse Market for Automotive Application Research Report Information by Type (Latched Type efuse, and Auto-Retry Type efuse) By Application (Automotive efuse Box, Body Control Module and High-Side Smart Switch) By Vehicle (Passenger Car, Commercial Vehicles and Others), By Engine (Internal combustion engine (ICE), External combustion engine (EC), and Electric vehicles (EVs)) and By Region Forecast to 2032
In 2023, the Efuse Market for Automotive Application Size was estimated to be worth $700.95 million. The Efuse Market for Automotive Applications sector is expected to increase from USD 741.60 million in 2024 to USD 1,218.60 million by 2032, with a compound yearly growth rate (CAGR) of 6.40% during the forecast period (2024-2032).
The incorporation of high-voltage systems in electric vehicles (EVs) has had a substantial impact on several automotive components, including electronic fuses. This is due to the safety standards, increased efficiency, and distinct features of EV powertrains. Electric vehicles have advanced tremendously, changing the way people buy cars. People like them these days, and demand for electric vehicles is increasing as a result of government initiatives. Also, as the demand for electric vehicles increases, so will the demand for E-fuses in autos, as they provide vehicle safety. One distinguishing feature of current EVs is their reliance on high-voltage designs.
Advances in semiconductor technology have resulted in the upgrade or innovation of E-fuses capable of handling larger voltages and allowing the car to work smoothly.
Application Segment Insights
The Efuse Market for Automotive Applications has been categorized by Type into Latched Type efuse and Auto-Retry Type efuse.
The market is divided into three segments based on application: automotive fuse boxes, body control modules, and high-side smart switches.
The Efuse Market for Automotive Applications is divided into three segments based on vehicle type: passenger cars, commercial vehicles, and others.
The market has been divided into three segments based on fuel type: internal combustion engine (ICE), external combustion engine (EC), and electric cars.
Regional insights
The Efuse Market for Automotive Applications is divided into five regions: North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America. The Asia Pacific Efuse Market for Automotive Applications has the largest market share and is predicted to account for a sizable revenue share over the forecast period. Asia Pacific is a developing region, and population expansion has boosted demand for electricity. The Asia-Pacific eFuse market for automotive applications is quickly rising, driven by the region's thriving automotive sector and the growing usage of advanced electronic systems in automobiles.
These eFuses offer strong protection against overcurrent, overvoltage, and short-circuit occurrences, ensuring uninterrupted operation and reducing the possibility of electrical failures that could impair vehicle functioning or safety. Demand for eFuses in Asia-Pacific is also being pushed by the region's rapid technical improvements and rising consumer demand for automobiles with sophisticated safety and connectivity capabilities.
Texas Instruments (TI), NXP Semiconductors, Microchip Technology Inc., Littelfuse, Inc., Infineon Technologies AG, Rohm Semiconductor, Analog Devices, Inc., Onsemi, Elmos Semiconductor SE, and Asahi Kasei Microdevices are among the leading competitors in the Efuse Market for Automotive Applications.