Automotive Ignition Coil Market

One of the components of a car's ignition system is an ignition coil. It is in charge of creating an electric spark that ignites the petrol and air combination in a compression chamber in order to assist the car in moving. Coil-on plugs, plugs without a distributor, and plugs with a distributor are a few typical product kinds. Premium metal components that are simple to install, dependable, long-lasting, and resistant to wear and corrosion make up automotive ignition coils. They have a laminated iron core encircled by two coils of copper wire. They enhance engine economy, emissions, and performance, which is why they are frequently employed in passenger cars, motorbikes, and light and heavy commercial vehicles (L/HCVs).

Market Dynamics:

Due to urbanization and increase in income of consumers, there is likely to be an increase in demand for the Global automotive ignition market among end users, which would propel market expansion. During the projected period, a rise in the number of automobiles is anticipated to fuel market expansion for automotive ignition coils. Despite the economic downturn, automobile manufacturing and statistics have increased dramatically over time. The International Organization of Motor Vehicle Manufacturers (OICA) estimates that the total number of vehicles produced worldwide in 2022 was roughly 85,016,728, up from 80,145,988 in 2021. Furthermore, the demand for new automobiles has greatly increased due to growing urbanization and rising disposable income, particularly in industrialized economies. This has caused a significant increase in demand for automobile ignition coils. Therefore, over the course of the forecast period, these factors are anticipated to fuel the expansion of the worldwide automotive ignition coil mar

Key features of the study:

• This report provides in-depth analysis of the global automotive ignition market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global automotive ignition coil market  based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global automotive ignition coil market  report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive ignition coil market

Detailed Segmentation:

• Global Automotive Ignition Coil Market, By Product Type
  • Can-Type ignition coil
  • Electronic distributor ignition coil
  • Double spark coil
  • Pencil ignition coil
  • Ignition coil rail
  • Others
• Global Automotive Ignition Coil Market, By Vehicle
• • Passenger vehicle
  • LCH
  • HCV
• Global Automotive Ignition Coil Market, By Sales channel
  • OEM
  • Aftermarket
• Global Automotive Ignition Coil Market, By Geography
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • BorgWarner Inc.
  •  DENSO Corporation
  •  Diamond Electric MFG
  •  Eldor Corporation S.p.A.
  •  HELLA GmbH & Co. KGaA (Faurecia SE)
  •  Hitachi Ltd.
  •  Mitsubishi Electric Corporation
  •  NGK Spark Plug Co. Ltd.
  •  Robert Bosch GmbH Standard Motor Products Inc.
  •  Aptiv PLC
  • Valeo