According to a new market report published by Lucintel, the future of the global automotive ignition system market looks promising with opportunities in passenger cars, light commercial vehicles and heavy commercial vehicles. The global automotive ignition system market is expected to grow with a CAGR of 10% from 2021 to 2026. The major drivers for this market are increase in vehicle production, changing technology and upgradation, and increase in per capita income.
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In this market, automotive ignition system is used in gasoline and engine. On the basis of comprehensive research, Lucintel forecasts that gasoline will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to the growth of automobiles, increasing demand for fuel-efficient vehicles, and stringent rules over fuel consumption.
Within the global automotive ignition system market, the passenger car segment is expected to witness the highest growth over the forecast period due to the rising passenger vehicle demand across the world and the increasing automotive manufacturing industry.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to urbanization, growth in intercity personal vehicle transportation, and rise in manufacturing activities, which are expected to propel the demand for passenger and commercial vehicles.
Emerging trends, which have a direct impact on the dynamics of the industry, include enhancement of vehicle performance, technological development, and rising urbanization. Federal-Mogul Corp, Woodward Inc., BorgWarner Inc., Delphi Technologies, Denso Corporation, SEM, Mitsubishi Electric, CEP Technologies, STRATTEC, Diamond Electric, Robert Bosch GmbH, E3 Spark Plugs, Enerpulse Technologies, Continental AG, and Hitachi Automotive Systems Americas, Inc. are the suppliers of the automotive ignition system market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive ignition system market by component, ignition type, engine type, product type, vehicle type, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive Ignition System Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive ignition system market by component, ignition type, engine type, product type, vehicle type, and region, as follows:
By Component [Value ($ Million) from 2015 to 2026]:
Ignition Switch
Spark Plug
Glow Plug
Ignition Coil
Ignition Control Module
Crankshaft
Camshaft Position Sensors
By Ignition Type [Value ($ Million) from 2015 to 2026]:
Coil-On-Plug Ignition System
Compression Ignition System
Simultaneous Ignition System
By Engine Type [Value ($ Million) from 2015 to 2026]:
By Product Type [Value ($ Million) from 2015 to 2026]:
Conventional breaker point type ignition system
Electronic ignition systems
Distributor less ignition system
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
Passenger Cars
Light commercial Vehicles
Heavy Commercial Vehicles
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.