Data Bridge Market Research analyses that the automotive ignition systems market was valued at USD 7.1 billion in 2021 and is expected to reach the value of USD 13.89 billion by 2029, at a CAGR of 8.75% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Global Automotive Ignition Systems Market Dynamics: -
Drivers
Rising environmental consciousness is fuelling market growth
One of the key factors driving market growth is the expanding automotive industry around the world. As people become more environmentally conscious, there is a greater demand for ignition systems that provide improved operational efficiency and fuel economy. This, along with the widespread use of laser ignition systems, is boosting market growth.
Technological advancements for improved and efficient product offerings
Other growth-inducing factors include the rapid electrification of the automotive industry and the development of electronic ignition systems integrated with sensors, switches, and transistors. Compared to traditional mechanical systems, these modern variants provide higher horsepower levels and more accurate and reliable current flow. Other factors, such as the implementation of favourable government policies to manage carbon emissions into the environment and rising consumer expenditure capacities, are expected to drive the market even further.
Opportunity
New and improved ignition systems, as well as rising acceptance of electric vehicles (EV) and hybrid vehicles (HV) globally, are creating ample opportunities for the growth of the automotive ignition systems market during the forecast period.
Restraints
However, the government's shift toward electric vehicles and strict emission standards will stymie the growth of automotive ignition systems during the forecast period. The supporting balance between low-cost and high-performance ignition systems is posing a significant challenge to the market growth of automotive ignition systems.
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Global Automotive Ignition Systems Market Scope: -
The automotive ignition systems market is segmented on the basis of components, ignition type, engine type, product type and vehicle type. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Components
Ignition Switch
Spark Plug
Glow Plug
Ignition Coil
Ignition Control Module
Crankshaft
Camshaft Position Sensor
Ignition type
Coil on Plug
Simultaneous
Compression Ignition
Engine type
Petrol
Diesel
Others
Product type
Conventional Breaker Point Type Ignition System
Electronic Ignition Systems
Distributor less Ignition system
Vehicle type
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
Off-Road Vehicles
Automotive Ignition Systems Market Regional Analysis/Insights: -
The countries covered in the automotive ignition systems market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Competitive Landscape and Automotive Ignition Systems Market: -
Some of the major players operating in the automotive ignition systems market are:
Robert Bosch GmbH (Germany)
Hitachi Ltd. (Japan)
Honeywell International Inc. (U.S.)
SUN DEVIL AUTO (U.S.)
Del City (U.S.)
R.S. Components & Controls (I) Ltd. (U.K.)
Ozautoelectrics Pty Ltd. (Australia)
Aptiv. (Ireland)
BorgWarner Inc. (U.S.)
Yangming Auto Parts (China)
General Motors. (U.S.)
STRATTEC (U.S.)
OMRON Corporation (Japan)
ChaodaUSA (U.S.)
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MAJOR TOC OF THE REPORT: -
Ø Chapter One: Introduction
Ø Chapter Two: Market Analysis and Insights
Ø Chapter Three: Market Dynamics
Ø Chapter Four: Market Scope
Ø Chapter Five: Market Regional Insights
Ø Chapter Six: Competitive Landscape System Market
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