Global Automotive Ignition System Market Size By Type (Electronic Ignition System, Conventional breaker point ignition System, Distributor-less ignition system ), By Vehicle Type (Passenger Cars, Commercial vehicle, Two-wheelers), By Geographic Scope And Forecast
Report ID: 324859|No. of Pages: 202
Global Automotive Ignition System Market Size By Type (Electronic Ignition System, Conventional breaker point ignition System, Distributor-less ignition system ), By Vehicle Type (Passenger Cars, Commercial vehicle, Two-wheelers), By Geographic Scope And Forecast
Automotive Ignition System Market Size And Forecast
Automotive Ignition System Market size was standing at USD 7.7 Billion in 2022 and is estimated to stand at USD 12.1 Billion by 2030, registering a CAGR of 8% from 2024 to 2030
The increasing innovations and advancements in automotive technology with fuel efficiency and carbon emissions will offer a growth route to the global automotive ignition system market. Rising government strictness and guidelines for fuel-efficient vehicles also fuel the global automotive ignition market. Additionally, the rising focus on research and development and improvements in ignition systems is expected to imprint a high growth rate for the market. The Global Automotive Ignition System Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Automotive Ignition Systems Market Definition
The ignition circuit used in vehicle engines produces heat or electrical sparks. Compression ignition, simultaneous ignition, and coil-on-plug (COP) ignition are these systems’ three standard ignition processes. They have a spark plug, ignition switch, ignition coil, distributor, and high-tension cable. The spark plugs in the engine cylinders get high voltage current from these components, which causes electric sparks to fly in the spaces between the spark plugs. The compressed air-fuel combination in the combustion chamber is ignited by the heat produced by these sparks, which then powers the vehicle.
Automotive ignition systems are, therefore, widely used in vehicles with petrol engines, including automobiles, motorbikes, and light and heavy commercial vehicles (L/HCVs). The system consists of a spark plug, distributor, high-tension cable, ignition switch, and ignition coil. Sparks develop in the gaps between the spark plugs due to these components’ high voltage current delivery to the spark plugs. The compressed air-fuel mixture in the combustion chamber is ignited by the heat produced by these sparks, energizing the vehicle. Automobile ignition systems are, therefore, often utilized in vehicles with petrol engines.
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Global Automotive Ignition Systems Market Overview
One of the critical reasons for developing the market expansion is the growing innovations and improvements in the automobile sector throughout the world. Because environmental awareness is becoming increasingly important globally, there is a growth in demand for ignition systems that provide improved operating efficiency and fuel economy. The widespread use of laser ignition systems promotes market expansion.
In addition, several technical developments, including the growing electrification of the automobile sector and the improvement of electronic ignition systems using sensors, switches, and transistors, are significant drivers of market expansion. These new variations offer increased horsepower levels and a more precise and consistent current flow than mechanical systems that have been used traditionally. The market is estimated to be further driven by several other reasons, such as implementing beneficial government policies to control the amounts of carbon emissions into the environment and expanding consumer spending power.
Global Automotive Ignition Systems Market Segmentation Analysis
The Global Automotive Ignition Systems Market is segregated based on Type, Vehicle Type, And Geography.
Automotive Ignition Market, By Vehicle Type
- Passenger Cars
- Commercial vehicle
- Two-wheelers
Based on Vehicle Type, the market is segmented into passenger cars, commercial vehicles, and two-wheelers based on vehicle type. The passenger cars segment is expected to acquire a heavy amount of share in the market. The trend of passenger car advancements and the integrating of new systems is enhancing market growth.
Automotive Ignition Systems Market, By Type
- Electronic Ignition System
- Conventional breaker point ignition System
- Distributor-less ignition system
Based on Type, the market is segmented into electronic ignition systems, conventional breaker point ignition systems, and distributor-less ignition systems. Electronic ignition systems are estimated to own a significant amount share of the market. This is because of the rising vehicle electrification in the past years and government guidelines for carbon emissions.
Automotive Ignition System Market, By Geography
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Based on Geography, the Global Automotive Ignition System Market is divided into Asia Pacific, North America, the Middle East, Europe and Africa, and Latin America. Asia Pacific is anticipated to have a high growth rate in the forecast period. The region is becoming home to various automotive manufacturers, and the rising vehicle sales and industrialization n are also propelling the growth.
Key Players
The “Global utomotive Ignition System Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Delphi Automotive, Valeo Service, Mitsubishi Electric Corporation, Continental AG, Federal-Mogul Corporation, DENSO, Robert Bosch, BorgWarner, Hitachi Automotive Systems, and Diamond Electric.
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Key Developments
- In January 2021, Hitachi Automotive Systems, Nissin Kogyo Co, Keihin Corporation, and Showa Corporation finalized the merger process to establish Hitachi Astemo, a top automotive and mobility solutions provider.
- In October 2021, Diamond Electric Holdings declared that it would dissolve and liquidate its Thai subsidiary Diamond Electric Co. Ltd. because the production of automotive ignition systems at Diamond Electric has been merged into Diamond Electric Asia Pacific Co. Ltd.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Ventilators Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Ventilators Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2019-2030 |
| BASE YEAR | 2022 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2019-2021 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Delphi Automotive, Valeo Service, Mitsubishi Electric Corporation, Continental AG, Federal-Mogul Corporation, DENSO, Robert Bosch, BorgWarner, Hitachi Automotive Systems, and Diamond Electric |
| SEGMENTS COVERED |
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| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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Data Collection Matrix
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Industry Analysis Matrix
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