Automotive Ignition System Market Outlook, Trends, Leading Companies, Growth and Industry Overview 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 . The automotive ignition system represents an ignition circuit that generates heat or sparks in automobiles. The three standard ignition methods utilized in these systems include simultaneous ignition, compression ignition, and coil-on-plug (COP). Automotive ignition system consists of a switch, coil, distributor, high tension cable, and spark plug. These components supply increased voltage current to the spark pins in the engine cylinders, which produce electric sparks. The heat generated further ignites the compressed air-fuel mixture in the combustion chamber, thereby powering the vehicle. As a r