Automotive Ignition Systems Market: Global Research,Taxonomy,Outlook,Trends and Forecast by 2026
Global Automotive Ignition Systems
Market was valued at US$ 5.53Bn 2017 and is expected to reach US$ 11.58Bn by
2026, at a CAGR of 9.67% during a forecast period.An Automotive mechanism
generates a spark or heats for conductor to a heat to ignite a fuel-air mixture
in spark ignition burning engines, fuelled and gas-fired boilers, rocket
engines, etc. The widest application for spark ignition burning engines is in
fuel (gasoline) road vehicles: cars and motorcycles.
Major driving factors of the
automotive Ignition systems market are the changing technology and upgradation
into the systems. The global automotive industry has witnessed a satisfactory
growth, especially in the case of emerging economies. Growing urbanization, a
rise in per capita income and standard of living in these countries are contributing
to the growth of the automotive industry. Ignition systems provide extremely
accurate spark timings, leading to improved combustion and emissions control.
New technology advances in the high energy and long, programmable spark
durations are a considerable advantage since they provide better ignition of
lean or non-homogenous air/fuel mixtures. Shifting Focus towards Electric
Vehicles will act as major restraint to the Ignition systems market.
Based on the Ignition Type,
Compression ignition is expected to hold the largest share in the market during
the forecast period. Compression ignition is growing more commonly and also
largely used in power generators as well as mobile drives and mechanical
engines. The use of compression ignition acts as a backup and primary power
source for much of the modern world. Public transit services like buses and
some city trains use diesel to power their engines as well, resulting in
long-term fuel economy and less waste. Many cities and automobile manufacturers
have begun switching to eco Ignition systems to further reduce energy waste and
fuel consumption.
In Trends – Triple Spark Technology
The most recent advancement in the
field of Ignition system is the Triple Spark Technology, hitch sets a new
benchmark in terms of performance, Efficiency, etc. for the new vehicle models.
New vehicle productions has been pioneering in the field of Ignition Systems
with the DTS-i technology launched in new era. The new vehicles series takes
use of Triple Spark Technology with a SOHC 4-valve Triple Spark Engine
controlled by an advanced Electronic Control Unit (ECU) for a greater
performance, which is supported by a six speed gear box and a liquid cooling.
In terms of region, Asia Pacific is
expected to hold the largest share in the market during the forecast period for
Automotive Ignition Systems. Asia Pacific is projected to lead global growth
through 2025, driven by vehicle production and sales in the region with an
increase in revenue of 30%, though different countries will have different
drivers. Environmental awareness in India and China through economic
transformation in Asia are also creating the market opportunity in Asia. North
America is also projected to grow at global through the forecasted period,
driven by automotive technology advancements and key player’s dominance in the
region with an increase in revenue though different parameters will have
different drivers.
The Automotive Ignition Systems
report includes a study of Porter’s Five Forces model to analyse the different
factors affecting the growth of the market. Moreover, the study also covers a
market attractiveness analysis, brand portfolio expansion, mergers,
collaborations, joint ventures, acquisitions, PESTLE analysis, Value Chain
Analysis, and SWOT analysis.
The Scope of the Report for Automotive Ignition Systems Market
Global Automotive Ignition Systems
Market, By Components
• Ignition Switch
• Spark Plug
• Glow Plug
• Ignition Coil
• Ignition Control Module
• Crankshaft
• Camshaft Position Sensor
Global Automotive Ignition Systems Market, By Ignition Type
• Coil on Plug
• Simultaneous
• Compression Ignition
Global Automotive Ignition Systems Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Automotive Ignition Systems Market
• Federal-Mogul Corp
• BorgWarner
• Delphi Automotive
• Denso
• Robert Bosch GmbH
• SEM
• Mitsubishi Electric Corporation
• CEP Technologies
• Diamond Electric
• E3 Spark Plugs
• Enerpulse Technologies
• Woodward, Inc.
• STRATTEC Security Corporation
• Continental AG
• Hitachi Automotive Systems Americas, Inc.