The global chip shortage has been one of the biggest highlights of the semiconductor industry. This is emerging as a wake-up call for stakeholders in the semiconductor industry and the eFuse market to strengthen their local production capabilities instead of depending on China and other countries for raw materials and other supplies. Nevertheless, market stakeholders are leveraging revenue opportunities for mission-critical projects in the healthcare, IT & telecommunication, and consumer electronics industries to stay financially afloat.
Companies in the eFuse market are focusing on positive or limited negative impact industries. They are analyzing high-risk clients and customers where recovery of debt may be an issue. Manufacturers are taking advantage of government stimulus packages and financial schemes provided by the BFSI sector to generate revenue flow in the market.
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eFuse ICs Grow Popular to Eliminate Need of Fuse Replacement
The only disadvantage with eFuses is that once the fuse wire is burnt due to excessive current, they need to be replaced. Whenever there is an excessive current produced due to faulty wire connection, the circuit breaker switch opens. After repairing the faulty connection, one can close the circuit breaker switch.
eFuse ICs (Integrated Circuits) are increasingly replacing conventional fuses whilst protecting electronic devices. Toshiba Corporation - a Japan-based multinational conglomerate, is gaining popularity for its TCKE712BNL eFuse IC, which deploys various protection functions and flag output functions, and is a diagnostic function that signals an abnormal condition externally. Manufacturers are bolstering production capabilities in eFuse ICs, since they help to reduce the cost and time required for maintenance, as they eliminate the need for fuse replacement.
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Next-gen Consumer Electronics Create Income Sources for eFuse Manufacturers
The eFuse market is expected to register a CAGR of 3.5% during the forecast period. Wireless chargers, solid state drives, washing machines, and the likes are fueling the demand for eFuses. Next-gen applications such as robot cleaners and cordless power tools are contributing in market expansion. Since conventional fuses pose the uncertainty of breaking current, slow fusing time, and the need for replacement work due to destruction by a single overcurrent, manufacturers are capitalizing on such opportunities to boost the production of eFuses.
Manufacturers in the eFuse market are establishing stable income sources in consumer electronics such as surveillance camera solutions, smart speaker solutions, and semiconductor solutions for servers. eFuses contribute to energy savings and stable operation by improving power supply performance and protective functions.
eFuses Serve as All-integrated Solutions Providing Overcurrent Protection
The eFuse market is projected to reach US$ 3.3 Bn by 2031. Programmable overcurrent protection, overvoltage & undervoltage protection, and reverse current protection are preferred in eFuses. Mouser Electronics - a global distributor of semiconductors and electronic components, is publicizing its onsemi eFuses that serve as an all-integrated solution providing overcurrent, overvoltage, and over temperature protection.
Manufacturers in the eFuse market are unlocking revenue opportunities with demand for hard drives, servers, and industrial grade protected relays.
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Companies in the eFuse market are rethinking supply networks and increasing local production capabilities to reduce dependence on other countries for raw materials and other products. Although motherboards, fan drives, and hard drives are driving the demand for eFuse ICs, there is a need for innovation to deploy adjustable output slew rate in eFuse ICs. Hence, manufacturers in the eFuse market should increase the availability of all-integrated solutions providing overcurrent protection and adjustable output slew rate in eFuse ICs. Manufacturers are capitalizing on revenue opportunities in automotive infotainment applications and relay replacements. High performance and high precision eFuses are being preferred.
eFuse Market: Overview
- According to Transparency Market Research’s latest research report on the global eFuse market for the historical period 2017–2019 and the forecast period 2021–2031, rising demand for cloud computing across the globe, increasing adoption in the automotive industry, and emergence of eFuse ICs for smart electronic devices & VR/AR applications are expected to boost the global eFuse market during the forecast period
- In terms of revenue, the global eFuse market is estimated to reach the value of US$ 3.3 Bn by 2031, expanding at a CAGR of 3.5% during the forecast period
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