According to IMARC Group’s report, titled “Automotive Ignition System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global automotive ignition system market grew at a CAGR of around 7% during 2014-2019. Looking forward, IMARC Group expects the global market has huge potential for growth by 2025. The automotive ignition system is an ignition circuit that generates sparks or heat in automobiles. The system includes an ignition switch, ignition coil, high tension cable, distributor and spark plug. These components provide a high voltage current to the spark plugs to generate sparks in the gaps between spark plugs. The heat produced from these sparks further ignites the compressed air-fuel mixture in the combustion chamber, thus energizing the vehicle. Consequently, automotive ignition systems find extensive applications in petrol engine vehicles.
The expanding automotive industry across the globe is primarily driving the market growth. Furthermore, the increasing environmental consciousness among the individuals is escalating the demand for ignition systems as they facilitate improved operational efficiency and fuel economy. Additionally, various advancements have led to the integration of sensors, switches and transistors with electronic ignition system, thereby further propelling the market. In comparison to the traditionally used mechanical systems, automotive ignition systems offer better horsepower levels and more accurate and reliable current flow. Besides this, the introduction of favorable government policies to minimize carbon emissions levels will continue to drive the market for automotive ignition systems.
Request for a free PDF sample of this report: https://www.imarcgroup.com/automotive-ignition-system-market/requestsample
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive ignition system market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, engine type, ignition type, component, vehicle type and sales channel.
Breakup by Engine Type:
Breakup by Ignition Type:
Breakup by Component:
Breakup by Vehicle Type:
Breakup by Sales Channel:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being BorgWarner Inc., Continental AG (Schaeffler Group), Denso Corporation, Diamond Electric Mfg. Co. Ltd., Federal-Mogul Corporation (Tenneco Inc.), Hitachi Ltd., Mitsubishi Electric Corporation, NGK Spark Plug Co. Ltd., Robert Bosch Gmbh and Valeo.
Explore full report with table of contents: https://www.imarcgroup.com/automotive-ignition-system-market
Key highlights of the report:
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Browse Related Reports:
Craft Rum Market Report: https://www.imarcgroup.com/craft-rum-market
Eco Fiber Market Report: https://www.imarcgroup.com/eco-fiber-market
Sports Mouthguard Market Report: https://www.imarcgroup.com/sports-mouthguard-market
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.