Automotive Ignition System Market, Components (Ignition Switch, Spark Plug, Glow Plug, Ignition Coil, Ignition Control Module, Crankshaft & Camshaft Position Sensor), Ignition Type (Coil on Plug & Simultaneous), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Automotive Ignition System Market Overview
Global automotive ignition system market is anticipated to reach USD 7.9 billion by 2021 and growing at a CAGR of 7.8% during the forecasting period, 2021-2028. A number of twists and turns have been witnessed in the automotive ignition system market wherein the combustion system is one of the most crucial factors that drive the design of an ignition system. The automotive industry is focusing on accelerating research on the development of new power-train with minimal usage of fuel, improvised robustness, and higher power density
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An increasing number of vehicles, increasing demand for improvised vehicle performance, and strict regulatory scenarios conducted by the government are some of the factors that have supported long-term expansion for the automotive ignition system market.
Key Findings
The global automotive ignition system market is segmented into components, ignition type, and geography.
Components segment is segmented into Ignition Switch, Spark Plug, Glow Plug, Ignition Coil, Ignition Control Module, and Crankshaft & Camshaft Position Sensor
Ignition Type segment is segmented into Coil on Plug & Simultaneous
Geographically, the global automotive ignition system market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions
Automotive Ignition System Market Regional Analysis
Europe region has come up as the prominent region for the leading share in the overall global market during the forecast period 2021-2028.
Automotive Ignition System Market Competitive Landscape
Key players
· Delphi Automotive
· BorgWarner
· Federal-Mogul Corp
· Denso Corp
· Robert Bosch GmbH
· SEM
· Mitsubishi Electric Corporation
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Automotive Ignition System Market Recent Developments
The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:
- In 2019, Delphi Technologies, launched two new OE ignition coils, featuring its proven multi-charge technology. These OE ignition coils are fitted to more than 150 Mercedes models comprising A220, C180, C200, E200, GLA200, and Vito.
Reasons to Acquire in the Automotive Ignition System Market
- Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
- Gain authentic and granular data access for the automotive ignition system market so as to understand the trends and the factors involved in changing market situations
- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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Frequently Asked Questions
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