Press release
Global Light Vehicle Ignition Systems Market Size, Share and Trends Analysis Report, By Type (Coil on Plug and Simultaneous), By Application (OEM and Aftermarket), Forecast Period (2022-2028)
The global light vehicle ignition systems market is anticipated to grow at a significant CAGR of 5.3% during the forecast period (2022-2028). With the exception of diesel-powered cars, the ignition system is critical in generating a spark or heat. Ignition systems for automobiles are commonly used in vehicles with gasoline engines, such as passenger cars, motorbikes, and light commercial vehicles (LCVs). The fundamental function of an ignition system is to transfer high voltage from the car battery to the spark plug gap. To generate high power from a fuel and air mixture, the spark must fire at the appropriate time during the compression stroke. As a result, the demand for light vehicle ignition systems in automotive applications is on the rise.In terms of low fuel emissions and consumption per vehicle, the automobile industry has made significant technological improvements. Government laws governing fuel usage and emissions have increased the demand for light vehicle ignition systems all around the globe. Furthermore, the increased focus on R&D activities and powertrain systems has created tremendous opportunities for light car ignition system makers. Furthermore, the global market for light vehicle ignition systems has been bolstered by increased demand for petrol engine vehicles, rising income levels, and the emerging automotive market.
The most advanced of all ignition systems, the Coil-on-Plug (Direct) Ignition System places an ignition coil directly on the top of each spark plug and is perfect for current engines. The removal of the plug wires not only saves money but also increases the ignition system's durability. Since there are no high-voltage lines, there are no voltage leaks or misfires caused by "poor" plug wires. Individual coils for each spark plug also mean additional time between firings for the coils. Increase the coil output voltage at high rpm when a misfire is most likely to occur by increasing the "coil saturation" time (the time the voltage to the coil is on to build up its magnetic field).
Some major players in the market include BorgWarner Inc., DENSO-Holding GmbH & Co., General Motors Company, NGK Spark Plug Co., Ltd., Robert Bosch GmbH, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market.
General Motors Company offers Autolite Iridium XP Spark Plugs. It has an iridium-enhanced fine wire and a proprietary platinum sidewire for increased durability and a more concentrated ignition for greater overall ignitability, ensuring peak performance.
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Market Coverage
The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
A full report of light vehicle ignition systems market is available at:
https://orionmarketreports.com/global-light-vehicle-ignition-systems-market/102446/
Competitive Landscape-
BorgWarner Inc., DENSO-Holding GmbH & Co., General Motors Company, NGK SPARK PLUG CO., LTD., Robert Bosch GmbH, among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Light Vehicle Ignition Systems Market Report by Segment
By Type
Coil on Plug
Simultaneous
By Application
OEM
Aftermarket
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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