PTC Resettable Fuses Market
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Global PTC resettable fuses market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a significant CAGR during the forecast period.
By industry, electronics segment dominated the market in 2019 and is projected to witness fast growth at CAGR of XX% during the forecast period. A growing adoption of PTC resettable fuses in consumer electronics products such as computer, computer peripherals, fire and security alarm systems, mobile phones, loudspeakers, and other portable electronics applications are accredited to the growth of the market. The PTC resettable fuses provide some benefits such as compact size, fast response, high reliability, and high performance making them more demandable in various electronics circuit applications, which is ultimately propelling the market growth. In addition, increasing significance of PTC resettable fuses in applications such as power line, I/O port, telecom, medical equipment protection and process control applications is further expected to propel growth of the market during the forecast period.
Alternatively, automotive segment is projected to witness fast growth at a CAGR of XX% during the forecast period. A rising trend of miniaturization in automotive electronics and increasing adoption of PTC resettable fuses in applications such as automotive infotainment, security systems, Advanced Driver Assistance Systems (ADAS), automotive body electronics and in auto network systems is attributed to the growth of the market. In addition, increasing demand for these devices in automotive applications to provide over-temperature and overcurrent protection for I/O ports and traces, electronic control units, infotainment and telematics systems and motor control circuits are further likely to expand market growth in the coming years.
The objective of the report is to present a comprehensive analysis of the Global PTC Resettable Fuses Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global PTC Resettable Fuses Market dynamics, structure by analyzing the market segments and projects the Global PTC Resettable Fuses Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global PTC Resettable Fuses Market make the report investor’s guide.
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Last Update : Feb 20, 2021 6:47 AM
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