Dublin, Dec. 12, 2022 (GLOBE NEWSWIRE) -- The "Automotive Ignition System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global automotive ignition system market size reached US$ 7.1 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 11.3 Billion by 2027, exhibiting a CAGR of 8.05% during 2021-2027. 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. 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.
| Report Attribute | Details |
| No. of Pages | 145 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value (USD) in 2021 | $7.1 Billion |
| Forecasted Market Value (USD) by 2027 | $11.3 Billion |
| Compound Annual Growth Rate | 8.0% |
| Regions Covered | Global |
Competitive Landscape:
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.
Key Questions Answered in This Report:
- How has the global automotive ignition system market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global automotive ignition system market?
- What are the key regional markets?
- What is the breakup of the market based on the engine type?
- What is the breakup of the market based on the ignition type?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the vehicle type?
- What is the breakup of the market based on the sales channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global automotive ignition system market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Automotive Ignition System Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Engine Type
6.1 Gasoline
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Diesel
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Ignition Type
7.1 Coil on Plug Ignition
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Simultaneous Ignition
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Compression Ignition
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Component
8.1 Ignition Switch
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Spark Plug
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Glow Plug
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Ignition Coil
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Vehicle Type
9.1 Passenger Cars
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Commercial Vehicle
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Sales Channel
10.1 OEM
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Aftermarket
10.2.1 Market Trends
10.2.2 Market Forecast
11 Market Breakup by Region
12 SWOT Analysis
13 Value Chain Analysis
14 Porters Five Forces Analysis
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 BorgWarner Inc.
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.1.4 SWOT Analysis
16.3.2 Continental AG (Schaeffler Group)
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.2.4 SWOT Analysis
16.3.3 Denso Corporation
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 Diamond Electric Mfg. Co. Ltd.
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 Federal-Mogul Corporation (Tenneco Inc.)
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 Hitachi Ltd.
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.6.4 SWOT Analysis
16.3.7 Mitsubishi Electric Corporation
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 NGK Spark Plug Co. Ltd.
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.9 Robert Bosch Gmbh
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 Valeo
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.10.4 SWOT Analysis
For more information about this report visit https://www.researchandmarkets.com/r/tejspq
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