CHICAGO, April 17,
2024 /PRNewswire/ -- eFuse Market is
expected to reach USD 674
million by 2029 from USD 557 million in 2024 at a CAGR of 3.9% during
the forecast period according to a new report by
MarketsandMarkets™. The growing requirement for advanced
circuit protection in a variety of high-tech industries is driving
up demand for eFuses globally. eFuses are being integrated by end
users such as servers, hard disc drives (HDD), and solid-state
drives (SSD) in order to protect against power anomalies in data
centres, automobile electronics, and consumer electronics. System
reliability is improved by the availability of eFuses in varieties
like auto-retry and latching, which allow customised protection
mechanisms. Compact design needs of contemporary electronic devices
are met by packaged kinds such as Thin Shrink Small Outline Package
(TSSOP), Dual Flat No Leads (DFN), Quad Flat No Leads (QFN), and
Small Outline No Lead (SON), which allow for flexible integration
into a variety of applications.
Browse in-depth TOC on "eFuse Market"
209 – Tables
66 – Figures
222 –
Pages
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eFuse Market Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$557
million
|
Estimated Value by
2029
|
$674
million
|
Growth Rate
|
Poised to Grow at
a CAGR of 3.9%
|
Largest
Market
|
Asia Pacific
|
Market Size Available
for
|
2022-2029
|
Forecast
Period
|
2024–2029
|
Forecast
Units
|
Value (USD)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
End User, Type, Package
Type, Application, and Region
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, South America
|
Key Market
Opportunities
|
Reduced effort in
complying with safety standards
|
Key Market
Drivers
|
Growing applications of
high voltage architecture in electric vehicles
|
Solid State drives, by application, is expected to be the
largest-growing segment during the forecast period.
Based on application, the eFuse Market has been split into up to
solid state drives, hard disk drives, servers and data
centres equipment, automotive electronics and other
application. The solid state drives segment is expected to be the
largest growing segment because solid state drives are becoming
more and more used in data centres, enterprise storage, and
consumer gadgets due to their advantages over traditional hard disc
drives in terms of speed, dependability, and energy economy. eFuses
prolong the life of solid state drives and improve data integrity
by offering crucial protection against overcurrent and short
circuits. The need for eFuses in solid state drives rises in tandem
with the need for quicker, more dependable storage solutions,
particularly in high-performance computing applications.
The latched segment, by type, is expected to be the
fastest-growing segment during the forecast period.
This report segments the eFuse Market based on the type as, auto
retry and latched. The latched segment is expected to be the
fastest-growing in the eFuse Market due to its ability to provide
persistent protection by remaining in an off state after a fault
until manually reset. This feature is crucial for applications
requiring high safety standards and minimal downtime, such as in
automotive electronics, industrial systems, and critical IT
infrastructure. The latched mechanism ensures a robust response to
overcurrent conditions, significantly enhancing system reliability
and safety.
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Asia Pacific is expected to
be the largest region in the eFuse Industry.
Asia Pacific is expected to be
the largest region for the eFuse Market due to several key factors.
Firstly, it houses several rapidly developing economies with
booming electronics, automotive, and telecommunications sectors,
all of which extensively use eFuses for circuit protection.
Secondly, the region is a global manufacturing hub for electronic
devices and components, leading to a high demand for eFuses in
production processes. Additionally, governments in Asia Pacific are heavily investing in digital
infrastructure and renewable energy projects, further driving the
demand for sophisticated circuit protection solutions. Finally, the
growing consumer electronics market in countries like China, India,
and South Korea contributes
significantly to the region's dominance.
Key Players
The eFuse Market is served by a mix of large
international players with global operational presence and local
players with a strong domestic supply network. Analog
Devices, Inc. (US), STMicroelectronics (Switzerland), Monolithic Power Systems, Inc.
(US), Microchip Technology (US) and Qorvo, Inc. (US) are the market
leaders in the EFuse Market. These companies use strategies such as
acquisitions, sales contracts, product launches, partnerships to
increase their market share.
Browse Adjacent Markets: Energy and Power Market
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Electric Fuse Market by Type (Power Fuse & Fuse
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