Ignition System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
- Transparency Market Research
The ignition system plays a crucial role in generating a spark or heat in vehicles, except diesel engine-powered vehicles. Ignition systems for automotive are widely utilized in petrol engine-powered vehicles such as passenger car, motorcycles, LCV, and HCVs. The primary purpose of an ignition system is to generate high voltage from the car battery to flow across the gap in the spark plug. The spark must fire at the right moment during the compression stroke in order to generate high power from a fuel and air mixture. Consequently, the demand for ignition system is predominantly increasing in automotive applications. The global market for automotive ignition system has been expanding over the last few years owing to the increasing demand for vehicles and it has been estimated that the global market will retain the same market during forecasted period.
The automotive industry has developed several technological advancements with respect to low fuel emission and consumption per vehicle. Moreover, stringent government regulations over fuel consumption and emission have boosted the demand for ignition systems across the globe. Additionally, the increasing focus on R&D activities and powertrain systems has created significant opportunity for manufacturers of ignition systems. Furthermore, the rising demand for petrol engine vehicles, increasing income level, and emerging automotive market have boosted the demand for ignition system in the global market. While, the increasing demand for electric vehicle is anticipated to hamper the ignition system market for automotive during the forecast period.
The global ignition system market for automotive can be segmented into type, component, vehicle, sales channel, end-user, and region. In terms of type, the ignition system market for automotive can be divided into battery ignition system, and two other segments. Battery ignition systems are mostly employed in recent vehicles; however, the other segment is still employed in certain automobiles, which require high power such as super cars. Based on component, the ignition system market for automotive can be classified into ignition control coil, and six more segments. In terms of vehicle, the ignition system market for automotive can be split into passenger vehicle and commercial vehicle. The commercial vehicle segment is expected to continue contributing to the expansion of the ignition system market for automotive during the forecast period. Pick-up, van, and bus & coaches are the major sub-segments of the commercial vehicle segment that employ ignition system components. In terms of sales channel, the ignition system market for automotive can be segregated into OEM and aftermarket.
Based on geography, the ignition system market for automotive can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is the dominant market for the automotive sector; India, China, and Japan account for a leading share, owing to the increase in production of vehicles in these countries. Furthermore, increase in spending on road infrastructure and rise in manufacturing activities in Asia Pacific are expected to augment the demand for commercial and passenger vehicles. This, in turn, is anticipated to boost the ignition system market for automotive during the forecast period.
The key players operating in the global ignition systems market for automotive include Delphi Automotive, Robert Bosch, DENSO, BorgWarner, Federal-Mogul Corporation, Mitsubishi Electric Corporation, Continental AG, Hitachi Automotive Systems, and Diamond Electric.
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