Press release
Automotive Ignition Market Transcending more than US$ 2.4 Bn in revenues by 2017 to 2022
From commercial vehicles to passenger cars, ignition systems are indispensable components in production of automobiles. With rising demand for EVs, manufacturers of automotive ignition systems are shifting their focus from conventional ignition to electric ignition. In the long run, the costs of automotive ignition systems might become more economical, considering the technological advancements adopted by OEMs during their production. Nevertheless, losing traction of fossil fuel engines will impede the market’s growth, albeit, to some extent.
Get Sample copy of this Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=37
The Fact.MR report on global automotive ignition systems market projects that by the end of 2017, the market will be valued at US$ 5.3 Bn. Strong supply chain and cheaper procurement of raw materials will boost the production capacity of automotive ignition system manufacturers. Towards the end of 2022, the global automotive ignition systems market will have soared at healthy CAGR, translating revenues above US$ 7 Bn.
Key insights on the projected growth of global market for automotive ignition systems during the assessment period, 2017-2022.
The report highlights the central significance of Asia-Pacific excluding Japan (APEJ) region in driving the growth of global automotive ignition system market. Countries such as India, South Korea and China are at the forefront of global automobile production, creating a lucrative space for sales of automotive ignition systems in the APEJ market. Through 2022, the APEJ automotive ignition systems market is likely to showcase a speedy growth at robust CAGR, transcending more than US$ 2.4 Bn in revenues.
In 2017, the demand for automotive ignition systems is expected to rise in North America, primarily due to the rising sales of hybrids and EVs, bringing in revenues worth a little over US$ 1.1 Bn.
Get Discount of this Report @ https://www.factmr.com/connectus/sample?flag=D&rep_id=37
Expansion of automotive ignition systems market across European countries will be steady. During the forecast period, the automotive ignition systems market in Europe will have soared at a steady CAGR.
In the view of rising preference to passenger cars, manufacturers of automotive ignition systems will shift their focus accordingly. In 2017 and beyond, sales of automotive ignition systems in passenger cars will procure over two-fifth value share on the global market.
Over two-fifth of the global automotive ignition systems market will attain its value through sales of electric ignition systems. Conventional automotive ignition systems, however, are expected to be in demand in the future, and will create an incremental opportunity of more than US$ 400 Mn by 2022 over 2017.
OEMs will be observed as the largest sales channel for automotive ignition systems. In 2017, automotive ignition systems sold by OEMs across the world are likely to rake heavy revenues, which could round up to US$ 3.2 Bn. The report also projects that six out of ten automotive ignition systems sold in the world, during this assessment period, will be used for ignition of gasoline fuel engines.
The report profiles key players in the global market for automotive ignition systems. Companies such as BorgWarner Inc., DENSO Corporation, Federal-Mogul LLC., Robert Bosch Limited, Delphi Automotive LLP., CEP Technologies Corporation, Diamond Electric Mfg. Corp., AUTO-LEK (P) Ltd., Hitachi Automotive Systems Americas, Inc., Valeo SA, Continental AG and Wells Vehicle Electronics are expected to remain active participants in the growth of global automotive ignition systems market through 2022.
View Report @ https://www.factmr.com/report/37/automotive-ignition-market
About us
Fact.MR is focused on offering transformative intelligence that inspires breakthroughs and innovation. We believe that the right decisions at the opportune time are integral to achieve extraordinary success. We are here to help you with your strategic decision making. And, how do we that? By tapping into the vast labyrinth of data to bring you intelligence that inspires.
Contact
Mr. Rohit Bhisey
11140 Rockville Pike
Suite 400
Rockville, MD 20852
Tel: +353-1-6111-593
Website: https://www.factmr.com
E: sales@factmr.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Ignition Market Transcending more than US$ 2.4 Bn in revenues by 2017 to 2022 here
News-ID: 1087154 • Views: …
More Releases from Factmr
5K Display Resolution Market to Hit USD 56.41 Billion by 2033 | Samsung Electron …
The global 5K display resolution market size is valued at US$ 14.31 billion in 2023 and is forecast to reach a value of US$ 56.41 billion by 2033, with a projected CAGR of 14.7% from 2023 to 2033.This robust growth is driven by surging demand in professional sectors like graphics design, video editing, gaming, and medical imaging, where high-resolution displays offer unparalleled clarity and detail at 5120 x 2880 pixels.…
Garnet Market to Hit USD 1.18 Billion by 2033 | GMA Garnet Group, Indian Ocean G …
According to a new study by experienced analysts at Fact.MR, the global garnet market size is estimated to be valued at US$ 688.6 Million in 2023 and is predicted to expand at a CAGR of 5.5% to reach a valuation of US$ 1.18 Billion by the end of 2033.This growth is driven by increasing demand in industrial applications such as water jet cutting, abrasive blasting, and water filtration, fueled by…
USB Charger Market to Reach USD 53.3 Billion by 2033 | Anker, AUKEY, Mophie Lead …
As per the latest study by Fact.MR, the global USB charger market is estimated at US$ 28.1 billion in 2023 and is forecasted to expand at a CAGR of 6.6% to reach a size of US$ 53.3 billion by the end of 2033.This robust growth is fueled by the surging demand for portable electronic devices, rapid technological advancements in charging solutions, and the increasing adoption of Internet of Things (IoT)…
Riding Gear Market to Hit USD 29.4 Billion by 2033 | Royal Enfield, Steelbird, A …
As per a new industry analysis by Fact.MR, the global riding gear market is estimated at US$ 19.3 billion in 2023. Worldwide sales of riding gear are projected to increase at a CAGR of 6.2% and reach US$ 29.4 billion by the end of 2033.This expansion is fueled by increasing safety awareness among riders, stringent regulatory mandates, and the growing popularity of motorcycling as both a recreational and commuting activity.…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
