Automotive Ignition System Market: Global Industry Outlook, Size (US$ 11.3 Billion), Share, Growth (CAGR of 7.87%), Top Companies Analysis, Report 2022-2027

According to IMARC Group's latest report, titled "𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐈𝐠𝐧𝐢𝐭𝐢𝐨𝐧 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟐-𝟐𝟎𝟐𝟕", the global automotive ignition system market size reached US$ 7.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 11.3 Billion by 2027, exhibiting a growth rate (CAGR) of 7.87% during 2022-2027.

Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2021

Historical Period: 2016-2021

Forecast Period: 2022-2027

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐈𝐠𝐧𝐢𝐭𝐢𝐨𝐧 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The rapid expansion in the automotive sector and the increasing demand for luxury vehicles with advanced features and minimal fuel consumption capacities are primarily driving the market growth. Furthermore, the rising electrification of automobiles and the introduction of electronic ignition systems integrated with sensors, switches, and transistors to improve vehicle reliability and mileage are favoring the market growth. Moreover, the escalating environmental concerns are fuelling the incorporation of ignition systems in electric vehicles (EVs) to provide improved operational efficacy and maintain the fuel economy of automobiles, which is propelling the market growth. Besides this, the ongoing development of the advanced corona ignition system (ACIS) by key players for fuel efficiency and emissions reduction that significantly outperforms conventional spark-ignition systems are supporting the market growth.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞: https://www.imarcgroup.com/automotive-ignition-system-market/requestsample

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐖𝐢𝐭𝐡 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

The competitive landscape of the automotive ignition system market has been studied in the report with the detailed profiles of the key players operating in the market.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞𝐬𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

• 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
• Valeo

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐟𝐢𝐧𝐢𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧:

An automotive ignition system refers to the internal-combustion circuit that generates sparks or heat from an electrode to ignite the mixture of fuel and air in vehicles. They comprise a crankshaft, ignition switch, ignition coil, high-tension cable, distributor, and spark plug as standard components. These parts generate a high-voltage current flow, which causes electric sparks to develop in the spaces between the plugs. This, in turn, produces heat that controls and ignites the compressed combination of air-fuel in the combustion chamber, further propelling the vehicle. Automotive ignition systems offer accurate control and improved engine efficiency; thus, they are integrated into passenger cars, motorcycles, and light and heavy commercial vehicles (L/HCVs).

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The report has segmented the global automotive ignition system market based on engine type, ignition type, component, vehicle type, sales channel and region.

Breakup by Engine Type:

• Gasoline
• Diesel

Breakup by Ignition Type:

• Coil on Plug Ignition
• Simultaneous Ignition
• Compression Ignition

Breakup by Component:

• Ignition Switch
• Spark Plug
• Glow Plug
• Ignition Coil
• Others

Breakup by Vehicle Type:

• Passenger Cars
• Commercial Vehicle
• Others

Breakup by Sales Channel:

• OEM
• Aftermarket

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝟏𝟎% 𝐅𝐫𝐞𝐞 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/request?type=report&id=2617&flag=C

𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐒:
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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬
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