The Global Automotive Ignition Market size is expected to reach USD $2,971.6 million by 2028 at a CAGR of 2% during the forecast period 2021-2028. The increasing demand for environmentally friendly vehicles and reduction in vehicle emissions are anticipated to drive the growth of this market in upcoming years.
Automotive ignition is a system that sparks the fuel in an internal combustion engine to produce heat. In other words, it starts the vehicle by providing power for the spark plugs and coils used to ignite the air/fuel mixture in order to create energy. The automotive ignition market includes components such as spark plug, ignition coil, and others which are essential for starting up vehicles powered with internal combustion engines.
On the basis of Types, the market is segmented into Spark Plug, Ignition Coil, and others. The Spark plug segment is further divided into conventional spark plugs and newer technologies such as Iridium tipped spark plugs.
A spark plug is a device that fits into the cylinder head of an internal combustion engine and sends an electric current to ignite the air/fuel mixture. It can be used in diesel engines, gasoline engines, or natural gas turbines. Spark plugs are typically inserted into a hole at the top center of each piston's crown (topping) near its base where the fuel mixes with air before ignition.
An ignition coil is a device that converts an alternating current (AC) to a direct current (DC). The coils are used in most automobiles, and they generate the voltage necessary for vehicle use. They may be large, heavy devices on trucks or small units inside of cars. Ignition coils have been replaced by electronic ignitions which need less power than older systems as well as providing more accurate timing signals from their digital circuits.
On the basis of Application, the market is segmented into OEM Market and Aftermarket.
The use of automotive ignition in the OEM market has been increasing over time. This is largely due to improvements and innovations made by automobile manufacturers, especially after 2000 following stricter emissions regulations. For example, there was a trend toward more powerful engines with greater displacement that require high power outputs from spark plugs for efficient combustion. These factors led to significant growth in demand for spark plugs and related products such as ignitions coils among automakers since then. However, this share peaked at 78% in 2007 before falling back down below 50% over the past decade amid declining shipments globally across all regions (excluding China).
In the aftermarket, spark plugs are used in vehicles that have been rebuilt. As these cars age, they can develop problems with their fuel injection system or engines failing to start up and running smoothly. In such cases, we recommend replacing both of the ignition coil assembly including a new set of spark plugs as well as an air filter for better engine performance.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The Aftermarket segment is the most lucrative market for automotive ignition in North America followed by Europe while the Asia-Pacific region led the global demand of the OEM Market.
North America is one of the most lucrative markets for automotive ignition market owing to the high demand from customers. The region is expected to maintain its dominance in the coming years as a result of robust growth across all segments.
The global automotive ignition market is witnessing significant growth due to the rise in demand for fuel-efficient vehicles, increase in safety standards, and emission norms. Furthermore, factors such as increasing vehicle production volume and automobile accidents are also driving the need for efficient engines which has led to an increasing need for auto parts like spark plugs and ignition coils resulting in a surge in demand.
Up Market Research published a new report titled “Automotive Ignition Market research report which is segmented by Types (Spark Plug, Ignition Coil), By Applications (OEM Market, Aftermarket), By Players/Companies Bosch, Denso, Delphi, BorgWarner, Tenneco(Federal-Mogul), Hitachi, NGK, Yura, Mitsubishi, SparkTronic, SOGREAT, Zunyi Changzheng, Jiaercheng, Anhui KING-AUTO”.
|Report Attributes||Report Details|
|Report Title||Automotive Ignition Market Research Report|
|By Type||Spark Plug, Ignition Coil|
|By Application||OEM Market, Aftermarket|
|By Companies||Bosch, Denso, Delphi, BorgWarner, Tenneco(Federal-Mogul), Hitachi, NGK, Yura, Mitsubishi, SparkTronic, SOGREAT, Zunyi Changzheng, Jiaercheng, Anhui KING-AUTO|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||238|
|Number of Tables & Figures||167|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Spark Plug, Ignition Coil and By Application OEM Market, Aftermarket.
Some of the companies that are profiled in this report are:
Automotive Ignition Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Automotive Ignition Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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