Automotive Ignition System Market Analysis by Industry Size, Demand, Trends, Top Companies and Growth 2021-26

According to IMARC Group’s latest report, titled “Automotive Ignition System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global automotive ignition system market reached a value of US$ 8.8 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 8.1% during 2021-2026. 

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request for a PDF sample of this report: https://www.imarcgroup.com/automotive-ignition-system-market/requestsample

The automotive ignition system is an ignition circuit that generates sparks or heat in automobiles. The system includes an ignition switch, ignition coil, high tension cable, distributor and spark plug. These components provide a high voltage current to the spark plugs to generate sparks in the gaps between spark plugs. The heat produced from these sparks further ignites the compressed air-fuel mixture in the combustion chamber, thus energizing the vehicle. Consequently, automotive ignition systems find extensive applications in petrol engine vehicles.

Market Trends and Drivers:

The expanding automotive industry across the globe is primarily driving the automotive ignition system market growth. Furthermore, the increasing environmental consciousness among the individuals is escalating the demand for ignition systems as they facilitate improved operational efficiency and fuel economy. Additionally, various advancements have led to the integration of sensors, switches and transistors with electronic ignition system, thereby further propelling the market. In comparison to the traditionally used mechanical systems, automotive ignition systems offer better horsepower levels and more accurate and reliable current flow. Besides this, the introduction of favorable government policies to minimize carbon emissions levels will continue to drive the market for automotive ignition systems.

Automotive Ignition System Market 2021-2026 Competitive Analysis and Segmentation:

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.
  • NGK Spark Plug Co. Ltd.
  • Diamond Electric Mfg. Co. Ltd.
  • Robert Bosch Gmbh
  • Valeo
  • Continental AG (Schaeffler Group)
  • Denso Corporation
  • Federal-Mogul Corporation (Tenneco Inc.)
  • Hitachi Ltd.
  • Mitsubishi Electric Corporation

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive ignition system market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, engine type, ignition type, component, vehicle type and sales channel.

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

Explore Full Report with TOC & List of Figure: https://bit.ly/3I2WiiS

Key Highlights of the Report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • 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.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US:
IMARC Group
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Sheridan, WY 82801, USA
Email: sales@imarcgroup.com
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