Press release
Ignition System Market Size & Share - Industry Trend and Forecast 2018 - 2026
The main objective of this report is to define, describe, and forecast the global “Ignition System” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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The ignition system plays a crucial role in generating a spark or heat in vehicles, except diesel engine-powered vehicles. Ignition systems for automotive are widely utilized in petrol engine-powered vehicles such as passenger car, motorcycles, LCV, and HCVs. The primary purpose of an ignition system is to generate high voltage from the car battery to flow across the gap in the spark plug. The spark must fire at the right moment during the compression stroke in order to generate high power from a fuel and air mixture. Consequently, the demand for ignition system is predominantly increasing in automotive applications. The global market for automotive ignition system has been expanding over the last few years owing to the increasing demand for vehicles and it has been estimated that the global market will retain the same market during forecasted period.
The automotive industry has developed several technological advancements with respect to low fuel emission and consumption per vehicle. Moreover, stringent government regulations over fuel consumption and emission have boosted the demand for ignition systems across the globe. Additionally, the increasing focus on R&D activities and powertrain systems has created significant opportunity for manufacturers of ignition systems. Furthermore, the rising demand for petrol engine vehicles, increasing income level, and emerging automotive market have boosted the demand for ignition system in the global market. While, the increasing demand for electric vehicle is anticipated to hamper the ignition system market for automotive during the forecast period.
The global ignition system market for automotive can be segmented into type, component, vehicle, sales channel, end-user, and region. In terms of type, the ignition system market for automotive can be divided into battery ignition system, and two other segments. Battery ignition systems are mostly employed in recent vehicles; however, the other segment is still employed in certain automobiles, which require high power such as super cars. Based on component, the ignition system market for automotive can be classified into ignition control coil, and six more segments. In terms of vehicle, the ignition system market for automotive can be split into passenger vehicle and commercial vehicle. The commercial vehicle segment is expected to continue contributing to the expansion of the ignition system market for automotive during the forecast period. Pick-up, van, and bus & coaches are the major sub-segments of the commercial vehicle segment that employ ignition system components. In terms of sales channel, the ignition system market for automotive can be segregated into OEM and aftermarket.
Based on geography, the ignition system market for automotive can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is the dominant market for the automotive sector; India, China, and Japan account for a leading share, owing to the increase in production of vehicles in these countries. Furthermore, increase in spending on road infrastructure and rise in manufacturing activities in Asia Pacific are expected to augment the demand for commercial and passenger vehicles. This, in turn, is anticipated to boost the ignition system market for automotive during the forecast period.
The key players operating in the global ignition systems market for automotive include Delphi Automotive, Robert Bosch, DENSO, BorgWarner, Federal-Mogul Corporation, Mitsubishi Electric Corporation, Continental AG, Hitachi Automotive Systems, and Diamond Electric.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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