Global Automotive Ignition System Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. An automotive ignition system is a system that ignites the fuel-air mixture in the combustion chamber of an internal combustion engine. The fuel-air mixture is ignited by the several parts of ignition system, which work together to create a spark that powers the engine’s pistons. This ignition system is a critical component of the internal combustion engine that is responsible for converting fuel into energy that powers the vehicle. Factors such as the thriving growth of the automotive industry, imposition of stringent government regulations, growing focus on improving vehicle performance coupled with the surge in demand for fuel-efficient vehicles are stipulating the market growth across the globe.
The rise in the production of vehicles such as cars and commercial vehicles is acting as a catalyzing factor for the market growth during the estimated period. According to the International Organization of Motor Vehicle Manufacturers, in 2022, it was estimated that around 61.59 million cars and 23.41 million commercial vehicles were produced globally, which is an increase from 57.05 million cars and 23.09 commercial vehicles in 2021. Accordingly, the growing production of vehicles is focusing on meeting the consumer’s interest in vehicle performance, which, in turn, bolsters the demand for ignition systems that provides improved performance and reliability. Moreover, the increasing use of electronic components in automotive manufacturing, as well as rising technological advancements for improved and efficient product offerings are presenting various lucrative opportunities over the forecasting years. However, the shifting focus towards electric vehicles and strict emission standards are hindering the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Automotive Ignition System Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the high adoption of luxury and high-performance vehicles, rapid penetration of fuel-efficient vehicles, along with the increasing technological advancements in automotive ignition systems. Whereas, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising vehicle production, stringent government regulations, and growing emphasis on vehicle safety in the market space.
Major market players included in this report are:
Robert Bosch GmbH
Mitsubishi Electric Corporation
NGK Spark Plug Co.
Delphi Automotive PLC
Hitachi Automobile Systems Americas, Inc.
Honeywell International Inc.
Recent Developments in the Market:
Ø In February 2020, Denso Corp. expanded its lineup of aftermarket ignition coils with four new coil-on-plug (COP) product codes to accommodate Honda and Acura models from 2012 to 2018. The company can offer ignition coils for more than 6 million on-the-road vehicles through the availability of 136 unique high-performance ignition coil component numbers.
Global Automotive Ignition System Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Component, Vehicle Type, Engine type, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Conventional breaker point type ignition system
Electronic ignition systems
Distributorless ignition system
Primary ignition system
Secondary ignition system
By Vehicle Type:
By Engine type:
Middle East & Africa
Rest of Middle East & Africa