USD 9.30 Billion
Automotive Ignition System Market Size, Share, Growth Analysis, By Type(Block ignition coils, coil on plug, and ignition coil rail), By Distribution Channel(OEM and aftermarket), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20D2210 |
Region:
Global |
Published Date: February, 2024
Pages:
202
|Tables:
61
|Figures:
75
Automotive Ignition System Market Insights
Global Automotive Ignition System Market size was valued at USD 9.30 Billion in 2021 and is poised to grow from USD 10.00 Billion in 2022 to USD 17.83 Billion by 2030, at a CAGR of 7.5% during the forecast period (2023-2030).
An increase in worldwide automotive sales and increasing production of automobiles positively affects the sales of combustion engines. While the recent economic downturn has continued, the global automotive industry has enjoyed satisfactory growth.
This is especially true in emerging economies, where vehicle production is expected to be higher compared to developed countries. Increasing urbanization, rising per capita income, and increasing living standards in these emerging countries are also playing an important role in market growth.
The demand for combustion engines is expected to increase with the increasing demand for vehicles across the globe. Currently, however, the demand for cars is growing at a slower pace due to various factors.
The primary factor affecting car sales and production in each country is the US and a China trade war, as a result of which the firecracker program is likely to develop slowly shortly.
Increasing average vehicle life expectancy has sped up maintenance and repair work, including replacing their ignition coils. As the number of miles driven increases, so does the replacement of ignition coils, further increasing the demand for the automotive ignition coil market in the aftermarket segment.
Another factor is per capita income, which varies from country to country and can affect the average age of vehicles. The average age of cars is increasing even though the US, China, India, and some European countries such as France and Germany see higher per capita incomes, with cars estimated to last 10 years for passenger cars and 11-14 years for commercial.
Market Snapshot - 2023-2030
Global Market Size
Largest Segment
OEM
Fastest Growth
OEM
Growth Rate
7.5% CAGR
Global Automotive Ignition System Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Automotive Ignition System Market Segmental Analysis
The global automotive ignition system market is segmented on the basis of type, distribution channel, and region. By type, the market is segmented into block ignition coils, coil on plug, and ignition coil rail. By distribution channel, the market is segmented into OEM and aftermarket. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Type
A large segment of the global automotive ignition system market is typically represented by "coil on plug" ignition systems. Coil on plug (COP) is a modern ignition system in which each engine cylinder has an individual ignition coil, mounted directly on the spark plug. This system allows for precise control of the ignition system, resulting in more efficient combustion, and engine overall performance improves. The COP design eliminates the need to remove the dispenser, making cable installation easier and more reliable. The plug-on coil block is preferred for its ability to provide more accurate ignition timing and faster response compared to conventional ignition systems This improves fuel efficiency, reduces emissions, and drives the vehicle all work well together. Demand for coils on plug ignition systems continues to grow as automakers focus on improving engine performance and meeting stricter emissions standards.
The fastest growing segment of the automotive ignition system market is typically the "block ignition coil" category. Block ignition coils are known for their compact size and low cost. These coils are usually mounted in a shared section and are responsible for generating high electrical currents to burn the mixture of air and fuel in the combustion chamber. Improvements in this section can be attributed to use in a wide range of vehicles as well as compatibility with vehicle engine configurations. As the automotive industry continues to emphasize engine technology advances, including hybrid and electric vehicles, block ignition coils play an important role in supporting powertrain architectures. The cost-effectiveness and versatility of block ignition coils contribute to their rapid adoption.
Analysis By Distribution Channel
The largest segment in the global automotive ignition system market is typically the Original Equipment Manufacturer (OEM) segment. OEMs designate the automotive ignition manufacturer to install on new vehicles during the initial production phase. This segment dominates the market due to the sheer volume of ignition systems integrated into newly manufactured vehicles worldwide. Automakers work closely with OEM suppliers to ensure highly technologically advanced ignition systems are fitted in their vehicles to reach performance standards to meet legal requirements of direct integration of ignition systems into new vehicles.
On the other hand, the fastest growing segment in recent years is the aftermarket segment. The aftermarket includes the sale of auto ignition systems and components as replacements or upgrades to existing vehicles upon initial purchase. Factors driving the growth of the aftermarket segment Increasing number of vehicles along the way, increasing demand for customized performance-enhancing ignition systems.
Global Automotive Ignition System Market By Distribution Channel
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Automotive Ignition System Market Regional Insights
Asia Pacific has shown tremendous strength in the automotive ignition system market, accounting for 35% of the revenue share by 2022. This robust industry has leading economies in the region, especially China India, and Japan. These countries have been at the forefront of providing growth and expansion in the automotive industry. A notable example is the tremendous growth in automobile manufacturing in India, which will reach a staggering 2,59,31,867 units by 2022-23, according to Society of Indian Automobile Manufacturers (SIAM) estimates. Driven by factors such as rising disposable incomes and a growing middle class, both of which increase demand for passenger cars. The growing demand for passenger vehicles is a major driver for the adoption of advanced ignition systems in the Asia Pacific market. As consumers in the region experience an increase in disposable income, their preference shifts towards vehicles equipped with the latest technologies with advanced spark plug systems. These systems play an important role in improving the performance of the engine, in terms of both fuel economy and driving experience.
While Asia Pacific dominates the vehicle ignition market, North America stands out as the fastest growing region. The automotive industry in North America, particularly in the United States, has seen a resurgence focused on technological advancement and sustainability. Among the fastest growing trends in North America is a renewed emphasis on electric and hybrid vehicles, prompting manufacturers to invest in advanced ignition systems for those low-yield modes in this environment as well as the growing consumer demand for vehicles equipped with intelligent and efficient ignition technologies. The North America region’s commitment to stringent emission norms and adoption of clean energy solutions has created favorable conditions for the growth of the automotive ignition system market Increasing growth between automakers and technology suppliers in the region further accelerates the deployment of state-of-the-art ignition systems.
Global Automotive Ignition System Market By Region
- Largest
- Fastest
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Automotive Ignition System Market Dynamics
Drivers
Greater emphasis on advanced ignition technology
- Increasing emphasis on advanced ignition technologies by the auto industry is a key driver of the market. As automakers strive to meet customer demands for improved performance, fuel efficiency, and reduced consumption, sophisticated electronic and coil-on-plug drive ignition systems are widely accepted. These advanced systems contribute to an optimal combustion system, resulting in overall engine efficiency and efficiency Apparent in farmed environments.
Restraints
Technological challenges and the challenge of integration
- One of the most important restraints for the automotive ignition system market is the complexity associated with the integration and deployment of advanced technologies. The transition from a conventional fire system to a more sophisticated electrical system requires complex engineering and measurements. Manufacturers face challenges in ensuring seamless integration into the vehicle’s overall system, which can increase development costs and time. Technical challenges can also pose challenges for aftermarket service providers and repair shops, as specialized knowledge and equipment are required for diagnosis and repair.
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Automotive Ignition System Market Competitive Landscape
The competitive scenario of the Automotive Ignition Systems market is characterized by several key players vying for market share through strategic initiatives and technological innovations. Established companies dominate the market with their breadth of products, global reach, and long-standing industry expertise. These industry leaders continue to invest and engage in R&D to introduce advanced ignition technologies in line with the evolving automotive landscape, Focusing on factors such as fuel efficiency, emission reduction, and performance. Furthermore, collaborations, partnerships, mergers, and acquisitions are common strategies as companies aim to strengthen their market position and take advantage of emerging opportunities. Emerging players, often specialized in new niches or solutions, contribute to competitive efficiency and foster a ground that is driven by innovation and efficiency.
Top Player’s Company Profiles
- Denso Corporation (Japan)
- Robert Bosch GmbH (Germany)
- Delphi Technologies (Aptiv) (United Kingdom)
- Mitsubishi Electric Corporation (Japan)
- Valeo SA (France)
- BorgWarner Inc. (United States)
- Continental AG (Germany)
- Hitachi Automotive Systems (Japan)
- NGK Spark Plug Co., Ltd. (Japan)
- Standard Motor Products, Inc. (United States)
- Federal-Mogul Corporation (United States)
- HELLA GmbH & Co. KGaA (Germany)
- Diamond Electric Mfg. Co., Ltd. (Japan)
- YURA Corporation (South Korea)
- Eaton Corporation (Ireland)
- Aptiv PLC (United Kingdom)
- WAI Global (United States)
- Morse Automotive Corporation (United States)
- MSD Performance (United States)
- Prenco Progress & Engineering Corporation (Canada)
Automotive Ignition System Key Market Trends
- The rise of electric vehicles (EVs) and their impact on fossil fuels: One notable trend shaping the combustion vehicle market is the rise of electric vehicles (EVs). As the automotive industry undergoes a transformative shift to sustainable electricity, the role of conventional ignition is growing EVs that operate without an internal combustion engine do not require ignition daily again. This trend is impacting market growth, with manufacturers adapting to the changing environment by diversifying electrical accessories or focusing on advanced ignition systems for vehicles the adoption of hybrid EVs is changing the competitive landscape and influencing innovation.
Automotive Ignition System Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Automotive Ignition System market analysis, the market is experiencing impressive growth, with Asia Pacific accounting for the largest revenue share of 35% by 2022. This expansion is driven by the strong automotive sector in large economies such as China, India, and Japan to 2,59,31,867 in 2022-23 exemplified by India's increasing automotive production growth -Stricter emissions regulations underlining the growing demand for disposable income-fueled passenger vehicles are forcing manufacturers to adopt advanced ignition technologies, in line with industry focus emphasis on fuel efficiency and environmental sustainability is aligned.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 9.30 Billion |
| Market size value in 2030 | USD 17.83 Billion |
| Growth Rate | 7.5% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Ignition System Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Ignition System Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Ignition System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Ignition System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Ignition System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Ignition System Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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