Automotive Ignition System Market 2017-2023: Key Findings, Regional Analysis, Top Key Players Profiles and Future Prospects

Automotive Ignition System Global Market Overview:
Ignition system is used to generate high voltage from car battery to flow through the spark plug's gap. In order to generate high power from fuel or air mixture, the spark must fire at the right moment during the compression stroke. Owing to these factors, the demand for ignition system is predominantly increasing in automotive applications. The global market for automotive ignition system has seen a potential growth 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. According to a recent study report published by the Market Research Future, The global market of automotive ignition system is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).

Vehicle emissions is one of the major source of global pollution and the Automotive Ignition System Market is investing and implementing innovative ways to curb the emissions. The ignition systems play a major role in automobile fuel burning and engine performance. Automotive market players are innovating and developing new ways to enhance the overall efficiency of the automobiles. The growing vehicle production across the globe has resulted in environmental impacts which have led to technological advancements like electronic ignition which improves the efficiency and fuel economy of the vehicle.

Aluminum is widely use in the automobile industry as the light weight of aluminum helps in increasing the fuel-efficiency of the vehicles. Various policies such as green car incentive policy in Japan is undertaken to promote eco-friendly vehicles which would help in the reduction of greenhouse gas emissions. All these kinds of policies along with various government initiatives is driving the growth of the market. However, the growth of the market is expected to be hampered by the high cost required for the manufacturing of the aluminum extruded products.

Various government regulation have been set up in order to reduce the emission. EPA has developed emission standard in order to control the exhaust and evaporative emission that is generated from small spark-ignition engines. This will enable high standard use of ignition system in the vehicles which will result in the growth of the market during the forecast period.

Compression ignition is also commonly referred to as diesel engine, largely because it is a staple of a diesel ignition. Gasoline requires the spark ignition in order to start, but diesel can be started through this alternative means of ignition. Automotive spark and glow plugs is influenced by a number of factors such as increasing automotive production and vehicle parc, upcoming stringent emission norms and rising demand for high fuel efficiency.

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Major Key Players:
Delphi Automotive, Robert Bosch, DENSO, Borgwarner, Federal-Mogul Corporation, Mitsubishi Electric Corporation, Continental AG, Hitachi Automotive Systems, Diamond Electric and among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global automotive ignition system market.

Industry/ Innovation/ Related News:
The key strategies followed by most companies within the global automotive ignition system market are that of new product development.

In Jan 2015, Borgwarner produced plug top ignition coils with integrated electronics at its plant in Mexico, for Volkswagen’s third generation 2.0- and 1.8-liter DOHC I4 engines.

In July 2014, Borgwarner had developed multi-spark ignition coils in Germany.

Automotive Ignition System Market Segmentation:
The global Automotive Ignition System market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Type: Comprises Conventional, Electronic and Distributor-less.

Segmentation by Component: Comprises Ignition Coil, Ignition Switch, Condenser, Spark Plug, Ignition Resistor and Others.

Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

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Automotive Ignition System Market: Regional Analysis
The Asia-Pacific region is expected to grow the highest in the ignition system Market owing to the availability of low cost labor in the region. The rapid advancements in the industrial sector of the region is leading to an increased use of aluminum extruded products across various industries such as aerospace, mass transportation, automotive and construction among others. The large scope of FDI in the emerging economies of the region such as India and China is also contributing to the growth of the aluminum extruded products in the region.

North America is expected to be the second largest market in ignition system due to increase technology innovation in the vehicles. The increased innovation in technology will lead to reduce emission from the vehicle which will drive the market in future.

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