The driving factor in global automotive ignition coil market are increasing growth in the automotive industry and development of new product and strategic partnership original equipment manufacturer. Recently In March 2021, Diamond Electric Mfg. Co. Ltd., designer, manufacturer and supplier of automotive electric components announced that they are to build a new ignition coil manufacturing plant in West Virginia, U.S. The resultant of it will increase the production capacity by 20%. The restraining factor is only high demand for electric and hybrid vehicles.
According to Coheent Market Insights, Global Automotive Ignition Coil Market was valued at US$ 2,956.64 Mn in 2021 and is expected to reach US$ 4,926.85 Mn by 2030, growing at a CAGR of 6.1 % between 2022 and 2030.
Key Companies in the Automotive Ignition Coil Industry:
ACDelco
ACDelco is an American automotive parts brand owned by General Motors the company was founded in 1916, headquartered in Michigan, U.S. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, and Wuling brand names.
BorgWarner Ludwigsburg GmbH
BorgWarner Inc. provides solutions for combustion, hybrid, and electric vehicles worldwide. The company operates through four segments: Air Management, E-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. BorgWarner Inc. was incorporated in 1987 and is headquartered in Auburn Hills, Michigan.
Delphi Automotive plc
It is former division of General Motors, renamed to Aptiv, founded on 2011, headquartered in Dublin, Ireland. It operates in two segment, Signal and Power Solutions, and Advanced Safety and User Experience. On October 2020, BorgWarner Inc. announced complete acquisition of Delphi Technologies.
Denso Corporation
DENSO Corporation develops, manufactures, and sells automotive parts in Japan, Asia, North America, Europe, and internationally. The company offers air-conditioning systems, including heat pump air-conditioning systems, refrigerant products, air-conditioning system heat exchangers, bus air-conditioning systems, automotive freezers, and cooling products, as well as heating, ventilation, and air-conditioning. The company was incorporated in 1949 and is based in Kariya, Japan.
Federal-Mogul Corporation
Federal-Mogul Goetze (India) Limited manufactures, supplies, and distributes automotive components for two/three/four-wheeler automobiles in India and internationally. The company provides pistons, piston rings, and wet and dry cylinder liners for a range of applications, including bi-wheelers, cars, SUVs, tractors, light and heavy commercial vehicles, stationary engines, and output locomotive diesel engines. The company was incorporated in 1954 and is based in Gurugram, India.