Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global SMD Fuses Market by Type (Solid Body (Chip) Fuses, Wire-in-Air Fuses), By Application (Automotive, Aerospace, Medical, Military, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global SMD Fuses Market by Type (Solid Body (Chip) Fuses, Wire-in-Air Fuses), By Application (Automotive, Aerospace, Medical, Military, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 134736 3300 Electronics & Semiconductor 377 247 Pages 4.6 (49)

Market Overview:

The global SMD fuses market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for miniaturized and high-reliability components in various applications such as automotive, aerospace, medical, military, and others. In addition, the growing demand for semiconductor devices across different end-use industries is also fueling the growth of the global SMD fuses market. Based on type, the global SMD fuses market can be segmented into solid body (chip) fuses and wire-in-air fuses. The wire-in-air fuse segment is expected to grow at a higher CAGR than the solid body (chip) fuse segment during the forecast period owing to its high reliability and low failure rates. Based on application,the global SMD Fuse Market can be divided into automotive, aerospace & defense electronics medical equipment military & other applications).

Global SMD Fuses Industry Outlook

Product Definition:

Small-sized, low-voltage fuses used in surface mount devices. SMD fuses are important because they protect the device from short circuits and power surges.

Solid Body (Chip) Fuses:

Solid Body (Chip) Fuses are small-sized fuses that are manufactured in a very specific way. They have an integrated circuit and a metallic body which helps them to perform better than normal fuses. The growth factor for SMD Fuse market is the ability of Solid Body (Chip) to provide higher reliability, performance, and cost efficiency as compared to normal fuses.

Wire-in-Air Fuses:

Wire-in-air fuses are small devices used to protect electronic equipment from short circuits, over current and high temperatures. They have a wire lead that is inserted into the circuit and when it gets hot enough, the fuse melts down and breaks causing the flow of electricity to stop.

The two types of wires in air fuses include solid core wires (SCCW)and multi-stranded insulated wires (MSI).

Application Insights:

The automotive segment accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. The growth of this application segment can be attributed to increasing demand for advanced safety features, such as airbags, anti-lock brakes (ABS), electronic stability control (ESC) and tire inflation monitoring systems among others. In addition, rising adoption of these devices in low-speed vehicles owing to their small size will drive the industry growth over the forecast period.

The aerospace application segment is expected to witness significant growth during the study period owing to growing use of SMD fuses in aircrafts due largely unskilled labor costs which have driven up product demand globally. In addition, stringent government regulations regarding aircraft safety are further driving market expansion across all regions including North America, Europe and Asia Pacific among others.

Regional Analysis:

Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing product demand in countries, such as China and India. In 2016, Asia Pacific accounted for a revenue share of more than 30% in global solid-state fuse industry. Increasing penetration of consumer electronics and IT & telecommunication equipment is also expected to drive the regional market over the forecast period.

The North American region held a significant share in 2016 owing to presence of major players such as Amphenol Corporation; Furukawa Electric Co., Ltd.; Molex; and Sumitomo Electric Devices & Components Inc. However, it is anticipated that by 2030 North America will lose its position to Asia Pacific due to growing manufacturing sector along with increasing adoption of consumer electronics products including smartphones and tablets among youths especially in countries like Mexico, Colombia, Venezuela etcetera.

Growth Factors:

  • Increasing demand from the automotive industry: The SMD fuses market is expected to grow at a CAGR of 5.5% from 2016 to 2021, owing to the increasing demand for miniaturized and high-performance fuses from the automotive industry.
  • Growing demand for smart devices: The growth of the smart devices market is expected to drive the growth of the SMD fuse market during the forecast period. Smartphones, tablets, and other portable electronic devices are powered by miniature SMD fuses that offer protection against overcurrents and short circuits.
  • Rising popularity of LED lighting: LED lighting is becoming increasingly popular due to its energy-efficiency and long life span as compared with traditional light sources such as incandescent bulbs and CFLs. This is likely to boost demand for SMD fuses in coming years as these fuses are used in LED lighting applications for their small size and low power consumption characteristics..

Scope Of The Report

Report Attributes

Report Details

Report Title

SMD Fuses Market Research Report

By Type

Solid Body (Chip) Fuses, Wire-in-Air Fuses

By Application

Automotive, Aerospace, Medical, Military, Others

By Companies

Littelfuse Inc, CYG Wayon Circuit Protection Co, Bourns, Inc, Hollyland (China) Electronics Technology Corp.,Ltd, KOA, NIC Components, Schurter, Vicfuse, AEM Components

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global SMD Fuses Market Report Segments:

The global SMD Fuses market is segmented on the basis of:


Solid Body (Chip) Fuses, Wire-in-Air Fuses

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Automotive, Aerospace, Medical, Military, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Littelfuse Inc
  2. CYG Wayon Circuit Protection Co
  3. Bourns, Inc
  4. Hollyland (China) Electronics Technology Corp.,Ltd
  5. KOA
  6. NIC Components
  7. Schurter
  8. Vicfuse
  9. AEM Components

Global SMD Fuses Market Overview

Highlights of The SMD Fuses Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Solid Body (Chip) Fuses
    2. Wire-in-Air Fuses
  1. By Application:

    1. Automotive
    2. Aerospace
    3. Medical
    4. Military
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the SMD Fuses Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

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Global SMD Fuses Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

SMD Fuses are small, thin-film fuses that can be easily integrated into electronic devices. They offer a high degree of reliability and are often used in applications where space is at a premium or where heat generation is an issue.

Some of the key players operating in the smd fuses market are Littelfuse Inc, CYG Wayon Circuit Protection Co, Bourns, Inc, Hollyland (China) Electronics Technology Corp.,Ltd, KOA, NIC Components, Schurter, Vicfuse, AEM Components.

The smd fuses market is expected to grow at a compound annual growth rate of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. SMD Fuses Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. SMD Fuses Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. SMD Fuses Market - Supply Chain
   4.5. Global SMD Fuses Market Forecast
      4.5.1. SMD Fuses Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. SMD Fuses Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. SMD Fuses Market Absolute $ Opportunity

5. Global SMD Fuses Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. SMD Fuses Market Size and Volume Forecast by Type
      5.3.1. Solid Body (Chip) Fuses
      5.3.2. Wire-in-Air Fuses
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global SMD Fuses Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. SMD Fuses Market Size and Volume Forecast by Application
      6.3.1. Automotive
      6.3.2. Aerospace
      6.3.3. Medical
      6.3.4. Military
      6.3.5. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global SMD Fuses Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. SMD Fuses Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global SMD Fuses Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. SMD Fuses Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global SMD Fuses Demand Share Forecast, 2019-2029

9. North America SMD Fuses Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America SMD Fuses Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America SMD Fuses Market Size and Volume Forecast by Application
      9.4.1. Automotive
      9.4.2. Aerospace
      9.4.3. Medical
      9.4.4. Military
      9.4.5. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America SMD Fuses Market Size and Volume Forecast by Type
      9.7.1. Solid Body (Chip) Fuses
      9.7.2. Wire-in-Air Fuses
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America SMD Fuses Demand Share Forecast, 2019-2029

10. Latin America SMD Fuses Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America SMD Fuses Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America SMD Fuses Market Size and Volume Forecast by Application
      10.4.1. Automotive
      10.4.2. Aerospace
      10.4.3. Medical
      10.4.4. Military
      10.4.5. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America SMD Fuses Market Size and Volume Forecast by Type
      10.7.1. Solid Body (Chip) Fuses
      10.7.2. Wire-in-Air Fuses
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America SMD Fuses Demand Share Forecast, 2019-2029

11. Europe SMD Fuses Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe SMD Fuses Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe SMD Fuses Market Size and Volume Forecast by Application
      11.4.1. Automotive
      11.4.2. Aerospace
      11.4.3. Medical
      11.4.4. Military
      11.4.5. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe SMD Fuses Market Size and Volume Forecast by Type
      11.7.1. Solid Body (Chip) Fuses
      11.7.2. Wire-in-Air Fuses
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe SMD Fuses Demand Share, 2019-2029

12. Asia Pacific SMD Fuses Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific SMD Fuses Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific SMD Fuses Market Size and Volume Forecast by Application
      12.4.1. Automotive
      12.4.2. Aerospace
      12.4.3. Medical
      12.4.4. Military
      12.4.5. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific SMD Fuses Market Size and Volume Forecast by Type
      12.7.1. Solid Body (Chip) Fuses
      12.7.2. Wire-in-Air Fuses
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific SMD Fuses Demand Share, 2019-2029

13. Middle East & Africa SMD Fuses Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa SMD Fuses Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa SMD Fuses Market Size and Volume Forecast by Application
      13.4.1. Automotive
      13.4.2. Aerospace
      13.4.3. Medical
      13.4.4. Military
      13.4.5. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa SMD Fuses Market Size and Volume Forecast by Type
      13.7.1. Solid Body (Chip) Fuses
      13.7.2. Wire-in-Air Fuses
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa SMD Fuses Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global SMD Fuses Market: Market Share Analysis
   14.2. SMD Fuses Distributors and Customers
   14.3. SMD Fuses Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Littelfuse Inc Overview Financials Developments Strategic Outlook
      14.4.2. CYG Wayon Circuit Protection Co Overview Financials Developments Strategic Outlook
      14.4.3. Bourns, Inc Overview Financials Developments Strategic Outlook
      14.4.4. Hollyland (China) Electronics Technology Corp.,Ltd Overview Financials Developments Strategic Outlook
      14.4.5. KOA Overview Financials Developments Strategic Outlook
      14.4.6. NIC Components Overview Financials Developments Strategic Outlook
      14.4.7. Schurter Overview Financials Developments Strategic Outlook
      14.4.8. Vicfuse Overview Financials Developments Strategic Outlook
      14.4.9. AEM Components Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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