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Automotive Ignition Coil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A6379
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Market Overview:
The global automotive ignition coil market size reached US$ 10.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.17% during 2023-2028.
An automotive ignition coil is one of the parts of a vehicle ignition system. It is responsible for producing an electric spark that ignites the air and gasoline mixture in a compression chamber which helps in the vehicle movement. Coil-on plugs, distributor-based, and distributor-less are some common product types. Automotive ignition coils consist of a laminated iron core surrounded by two coils of copper wire and are manufactured with high?quality metal materials that are easy to install, sturdy, durable, and wear and corrosion resistant. As they improve engine efficiency, emissions, and performance, they are widely used in passenger cars, motorcycles, and light and heavy commercial vehicles (L/HCVs).
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Automotive Ignition Coil Market Trends:
The growing automotive industry across the globe is creating a positive outlook for the market. Automotive ignition coils are used in vehicles to improve operational efficiency and fuel economy. In line with this, the increasing sales and production of gasoline-powered vehicles due to the rising preference for personal mobility and escalating demand for luxury vehicles is favoring the market growth. Additionally, the increasing utilization of three-dimensional (3D) printing technology to reduce costs and enhance product quality is acting as another growth-inducing factor. Apart from this, the introduction of a pencil ignition coil that offers electrical, mechanical, and thermal isolation between the magnetic core and improves the magnetic field in the automotive engine is providing an impetus to the market growth. Moreover, the growing demand for compact and miniaturized ignition coils due to engine downsizing is propelling the market growth. Other factors, including the rising expenditure capacities of consumers, the implementation of favorable government policies promoting energy-efficient systems, rising automobile production, and extensive research and development (R&D) activities, are antiquated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive ignition coil market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, product type, vehicle type and distribution channel.
Breakup by Type:
- Coil-on-Plug
- Distributor-based
- Distributor less
- Others
Breakup by Product Type:
- Can-type Ignition Coil
- Electronic Distributor Coil
- Double Spark Coil
- Pencil Ignition Coil
- Ignition Coil Rail
- Others
Breakup by Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- Others
Breakup by Distribution Channel:
- OEM
- Aftermarket
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BorgWarner Inc., DENSO Corporation, Diamond Electric MFG, Eldor Corporation S.p.A., HELLA GmbH & Co. KGaA (Faurecia SE), Hitachi Ltd., Mitsubishi Electric Corporation, NGK Spark Plug Co. Ltd., Robert Bosch GmbH, Standard Motor Products Inc. and Valeo.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Type, Product Type, Vehicle Type, Distribution Channel, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | BorgWarner Inc., DENSO Corporation, Diamond Electric MFG, Eldor Corporation S.p.A., HELLA GmbH & Co. KGaA (Faurecia SE), Hitachi Ltd., Mitsubishi Electric Corporation, NGK Spark Plug Co. Ltd., Robert Bosch GmbH, Standard Motor Products Inc. and Valeo. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global automotive ignition coil market was valued at US$ 10.3 Billion in 2022.
We expect the global automotive ignition coil market to exhibit a CAGR of 4.17% during 2023-2028.
The rising adoption of automotive ignition coils in passenger cars, motorcycles, Light and Heavy Commercial Vehicles (L/HCVs), etc., as they improve engine efficiency, emissions, and performance, is primarily driving the global automotive ignition coil market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for automotive ignition coils.
Based on the type, the global automotive ignition coil market has been divided into coil-on-plug, distributor-based, distributor less, and others. Among these, coil-on-plug currently exhibits a clear dominance in the market.
Based on the product type, the global automotive ignition coil market can be categorized into can-type ignition coil, electronic distributor coil, double spark coil, pencil ignition coil, ignition coil rail, and others. Currently, double spark coil accounts for the majority of the global market share.
Based on the vehicle type, the global automotive ignition coil market has been segregated into passenger cars, commercial vehicles, and others. Among these, passenger cars currently exhibit a clear dominance in the market.
Based on the distribution channel, the global automotive ignition coil market can be bifurcated into OEM and aftermarket. Currently, aftermarket holds the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global automotive ignition coil market include BorgWarner Inc., DENSO Corporation, Diamond Electric MFG, Eldor Corporation S.p.A., HELLA GmbH & Co. KGaA (Faurecia SE), Hitachi Ltd., Mitsubishi Electric Corporation, NGK Spark Plug Co. Ltd., Robert Bosch GmbH, Standard Motor Products Inc., and Valeo.
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