The Global Automotive Fuse Market 2018-2025 - Limited Development in the Field of Low-Voltage Fuses is Restraining the Market
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 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 major factors hindering the growth of the automotive fuse market in vehicles are the very limited development in the field of low voltage fuse.
- Alternatively, semiconductor fuse market is estimated to be the fastest growing market during the forecast period.
- Automotive fuse manufacturers have adopted the strategies of new product development and geographical expansion to gain traction in the automotive fuse market.