Global Automotive Ignition System Market to Reach US$ 11.3 Billion by 2027, Propelled by Surging Vehicle Sales

September 09, 2022

IMARC Group’s latest report, titled “Automotive Ignition System Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the global automotive ignition system market size reached US$ 7.1 Billion in 2021. Automotive ignition systems are used in automobiles to produce an electric spark or heat to ignite the compressed fuel-air mixture within the combustion chamber. The burning of this mixture in the cylinders generates the motive force. Some commonly used ignition methods in these systems are compression, simultaneous, and coil-on-plug (COP) ignition. They comprise an ignition switch, ignition coil, distributor, high tension cable, and spark plug. The high voltage current supplied to the spark plugs in the engine cylinders creates electric sparks in the gaps between spark plugs to generate heat, which powers the vehicle. As a result, automotive ignition systems are widely employed in petrol engine vehicles, including passenger cars, motorcycles, and light and heavy commercial vehicles (L/HCVs).

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Automotive Ignition System Market Trends:

The surging vehicle sales due to inflating consumer expenditure capacities and rapid urbanization represents the primary factor driving the market growth. Additionally, there has been a significant shift toward ignition systems that offer improved operational efficiency and fuel economy due to the growing environmental consciousness among individuals. In line with this, the rising adoption of laser ignition systems is positively influencing market growth. Besides this, the introduction of supportive government policies to manage the levels of carbon emissions into the environment has accelerated the product adoption rate. Furthermore, the leading players are developing innovative product variants, such as electronic ignition systems integrated with sensors, switches, and transistors, that provide enhanced horsepower levels, better mileage, and a more accurate and reliable flow of current than traditional mechanical systems. Along with this, numerous technological advancements, such as the rapid electrification of the automotive industry, have propelled the market growth. Other factors, including the expanding automotive sector, rising automobile production, and ongoing research and development (R&D) activities, are also creating a favorable market outlook. Looking forward, IMARC Group expects the market value to reach US$ 11.3 Billion by 2027, growing at a CAGR of 7.87% during 2022-2027.

Market Summary:

  • Based on the engine type, the market has been bifurcated into gasoline and diesel.
  • On the basis of the ignition type, the market has been categorized into coil-on plug, simultaneous, and compression ignition.
  • The market has been segregated based on the component into ignition switch, spark plug, glow plug, ignition coil, and others. 
  • Based on the vehicle type, the market has been divided into passenger cars, commercial vehicles, and others. 
  • On the basis of the sales channel, the market has been classified as OEM and aftermarket. 
  • Region-wise, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.     
  • The competitive landscape of the market has also been examined, 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 SA.


About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

Global Automotive Ignition System Market to Reach US$ 11.3 Billion by 2027, Propelled by Surging Vehicle Sales
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More