The global Automotive Ignition System Market size was estimated at USD 8.7 billion in 2023 and is projected to reach USD 19.2 billion in 2030 at a CAGR of 7.2% during the forecast period 2024-2030.
A new Report by Delvens, titled “Automotive Ignition System Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
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Competitive Landscape
· BorgWarner
· Delphi Automotive LLP
· Denso Corporation.
· Diamond Electric Holdings Co. Ltd.
· Hella GmbH & Co. KGaA .
· Hitachi Automotive Systems Ltd.
· Mitsubishi Electric
· Valeo Service
· Robert Bosch GmbH
· Honeywell International Inc.
· SUN DEVIL AUTO
· Del City
· R.S. Components & Controls (I) Ltd.
· Ozautoelectrics Pty Ltd. and More
The automotive ignition system market is a critical component of the global automotive industry, essential for the efficient operation of petrol engine vehicles including passenger cars, motorcycles, and light and heavy commercial vehicles. This market is driven by several key factors. Firstly, the rapid growth of the automotive sector worldwide serves as a primary driver, necessitating reliable ignition systems to power vehicles. Secondly, increasing environmental awareness among consumers has led to a demand for ignition systems that enhance operational efficiency and fuel economy, thereby reducing emissions.
Asia pacific to Dominate the Market
Asia Pacific held the largest share of the Automotive Ignition System Market in 2022, accounting for 37% of revenue. This dominance is driven by robust automotive sector growth in key economies like China, India, and Japan. For instance, India saw a significant increase in automobile production to 2,45,21,767 units in 2022-23, supported by rising disposable incomes and demand for passenger vehicles. Stringent emissions regulations further stimulate adoption of advanced ignition systems in the region, emphasizing fuel efficiency and environmental sustainability.
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Recent Developments:
In January 2021, Hitachi Automotive Systems, Keihin Corporation, Nissin Kogyo Co., and Showa Corporation have finalized their management integration to form Hitachi Astemo, Ltd., a leading provider of mobility solutions in the automotive industry.
In April 2022, Hitachi Astemo Americas, Inc. has announced an expansion of its ignition coils lineup, building on its global success and expertise in auto parts. With 276 stock keeping units (SKUs) now available, covering 260 million vehicles in operation (VIO), the company offers original equipment (OE)-quality ignition coils. This expansion aims to streamline part searches and minimize returns, prioritizing customer needs effectively.
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
The Automotive Ignition System Market is segmented into various segments such as Type, Component, Vehicle Type, and Region:
Based on Type
· Conventional
· Electronic
· Distributor-less
Based on the Component
· Ignition Coil
· Ignition Switch
· Condenser
· Spark Plug
· Ignition Resistor
Based on the Component
· Passenger Cars
· Commercial Vehicles
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In addition to the market data for the Automotive Ignition System Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
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