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The global automotive ignition system market reached a value of US$ 8.8 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 8.1% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
The automotive ignition system refers to an ignition circuit that generates sparks or heat in automobiles. The three common methods of ignition used in these systems include compression ignition, simultaneous ignition and coil-on-plug (COP) ignition. They consist of an ignition switch, ignition coil, distributor, high tension cable and spark plug. These components supply high voltage current to the spark plugs in the engine cylinders, which produces electric sparks in the gaps between spark plugs. The heat generated from these sparks further ignites the compressed air-fuel mixture in the combustion chamber, thereby powering the vehicle. As a result, automotive ignition systems find extensive applications in petrol engine vehicles, such as passenger cars, motorcycles, light and heavy commercial vehicles (L/HCVs).
The growing automotive industry across the globe represents one of the key factors driving the market growth. Due to rising environmental consciousness among the masses, there is an increasing demand for ignition systems that offer improved operational efficiency and fuel economy. This, along with the widespread adoption of laser ignition systems, is also favoring the market growth. Various technological advancements, such as rapid electrification of the automotive industry and the development of electronic ignition systems integrated with sensors, switches and transistors, are acting as other growth-inducing factors. In comparison to the traditionally used mechanical systems, these modern variants offer improved horsepower levels and more accurate and reliable flow of current. Other factors, including the implementation of favorable government policies to manage the levels of carbon emissions into the environment, along with rising expenditure capacities of consumers, are anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive ignition system market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on engine type, ignition type, component, vehicle type and sales channel.
Breakup by Engine Type:
Breakup by Ignition Type:
Breakup by Component:
Breakup by Vehicle Type:
Breakup by Sales Channel:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being BorgWarner Inc., Continental AG (Schaeffler Group), Denso Corporation, Diamond Electric Mfg. Co. Ltd., Federal-Mogul Corporation (Tenneco Inc.), Hitachi Ltd., Mitsubishi Electric Corporation, NGK Spark Plug Co. Ltd., Robert Bosch Gmbh and Valeo.
|Base Year of the Analysis||2020|
|Segment Coverage||Engine Type, Ignition Type, Component, Vehicle Type, Sales 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., Continental AG (Schaeffler Group), Denso Corporation, Diamond Electric Mfg. Co. Ltd., Federal-Mogul Corporation (Tenneco Inc.), Hitachi Ltd., Mitsubishi Electric Corporation, NGK Spark Plug Co. Ltd., Robert Bosch Gmbh and Valeo|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
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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)|
Key Questions Answered in This Report:
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