Automotive Ignition Systems Market Size, Industry Scope, & Forecast.
Stricter emission control regulations imposed by various governments and increased competition require the automotive industry to constantly look for ways to improve their products. Over the last few decades, technological advancement has accelerated R&D of power-train systems that require less fuel consumption, increased robustness, and increased efficiency.
Data Bridge Market Research analyses that the automotive ignition systems market was valued at USD 7.1 billion in 2021 and is expected to reach the value of USD 13.89 billion by 2029, at a CAGR of 8.75% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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