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The automotive fuse market size is forecast to increase by USD 5.21 billion at a CAGR of 4.5% between 2023 and 2028. The market is witnessing significant growth due to the increasing demand for electric vehicles and hybrid electric vehicles in the automotive sector. The requirement to safeguard the expensive components of these light-duty chargeable vehicles is driving the market's growth. Furthermore, the development of fuses exclusively for EVs and HEVs is a notable trend in the market. However, the lack of infrastructure in potential markets poses a challenge to the market's growth. The electric car market's expansion, particularly in the context of battery electric vehicles , is a key factor fueling the demand for automotive fuses. These fuses are crucial in protecting the battery materials and other vital components of EVs and HEVs from damage, ensuring the overall safety and efficiency of these vehicles.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Vehicle Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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