Ignition Coil Global Market Prognosticated To Escalate With a Staggering CAGR; MRFR Unleashes Industry Insights Up To 2032

Pune, India, December, 2017/MRFR Press Release/- Market Research Future published a Cooked research report on “Global Ignition Coil Market Research Report - Forecast to 2032”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2032.

Ignition Coil Global Market – Overview

The Global Ignition coil Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Automotive Actuators will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2032, which will be a surplus growth at a moderate CAGR during the projected period (2022 -2032).  

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Ignition Coil Market Research Report

Ignition coil is used in the automobile ignition systems and can transform the voltage in the battery to create an electric spark that can ignite the fuel.

The major driver for the growth of the ignition coil market can be attributed directly to the global rise in automobile sales. The global automotive industry has witnessed a satisfactory growth, especially in the case of emerging economies such as India, Thailand, Mexico and Indonesia. Rising urbanization, rise in per capita income and standard of living in these countries are contributing to the growth of the automotive industry. This is driving the global ignition coils market. The market growth is also helped by the growing emphasis on sustainability and reduced fuel consumption so as to reduce air pollution.

The Ignition Coil market is completely dependent on the automotive industry. Thus the increasing or decreasing demand of the automotive industry directly has an impact on the adaptive front light systems market. The total four wheeler production for the year 2015 was almost 90 million units and is expected to witness further boost and reach more than 100 million units by the year 2020. This results as a primary factor driving the Ignition Coil market as the interiors of automobiles have gained prevalence in recent times with technological development and rapidly increasing disposable income among the consumers. Thus the growth of the Ignition Coil market is expected to go hand in hand with the automotive industry.

The automotive industry as a whole is a capital intensive industry. The dynamic business environment and cut throat competition in the industry constantly requires influx of capital to update their technology to cope with increasing incidence of customization by the consumers. Development of hybrid vehicles, aesthetic features and safety features require constant research & development support thus resulting in extensive capital investment at a constant rate. Such cut throat competition in the automotive industry requires massive investments at a regular basis, thus the high capital investment in the Automotive Actuators market is expected to act as a hurdle in the growth, due to significant entry barriers for new player which is expected to have a negative impact on the Automotive Actuators market.

With the global economy undergoing an unprecedented level of shift, major emerging countries such as China, India, Thailand, Indonesia, and others are becoming manufacturing hubs for global automotive players. As a result of increasing prosperity in the emerging economies, people are increasingly able to afford their own car, particularly in emerging Asian economies such as China and India. In order to tap these rising consumer automobile preferences, leading global automotive players such as Volkswagen, BMW, Toyota, and Ford are entering into new emerging markets for business expansion. As the global auto-manufacturers continue to expand into growing and emerging markets, the demand for Automotive Actuators and others will also rise.

Key Players:

Robert Bosch GmbH (Germany), BorgWarner Ludwigsburg GmbH (Germany), Delphi Automotive PLC (UK), Denso Corporation (Japan), Federal-Mogul Corporation (US), Mitsubishi Electric Corporation (Japan), Hitachi Automotive Systems Americas, Inc. (U.S.), Wings Automobile Products Pvt. Ltd (India) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Automotive Actuators Market.

Industry/ Innovation/ Related News:

July, 2014– BorgWarner Emissions Systems is producing multi-spark ignition coils at its plant in Muggendorf, Germany, for Daimler’s six- and eight-cylinder engines. With displacements between 3.5 and 5.5 liters and power ratings ranging from 249 to 549 HP (185 kW - 410 kW), these powerful engines are available in the Mercedes-Benz C-, E- and S-Classes. Specially designed for gasoline direct-injection (GDI) engines running stratified combustion, BorgWarner’s compact multi-spark ignition coil technology enlarges the ignition zone for more controlled and optimized combustion, improved fuel economy and reduced emissions.

May, 2013 - Federal Mogul's ACIS re-defines the 'spark plug' for dilute/lean combustion. Proof-of-concept trials for Federal Mogul’s Advanced Corona Ignition System (ACIS) signal the likelihood of the first production applications in the 2016-2018 timeframe. Unlike a conventional spark plug that creates a small arc across the electrode gap, ACIS produces multiple streams of ions from a four-pointed-star tip to excite the air/fuel mixture into combusting.

October, 2017 - Hitachi Automotive Systems Americas, Inc. Hitachi Automotive Systems, Ltd. announced that that the company will participate in the Automotive Aftermarket Products Expo (AAPEX) 2017, held at the Sands Expo and Convention Center in Las Vegas, Nevada (USA). The Hitachi Automotive Systems Group is a featured exhibitor located at Booth #5072 and will showcase a wide range of aftermarket products at this year’s event.

Ignition Coil Market – Segmentation

The Global Automotive Actuators Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Type: Comprises Compression Ignition, Spark Ignition, Battery, Others

Segmentation by Component: Comprises Spark Plug, Ignition Coil, Capacitor, Others

Segmentation by Vehicle Type: Comprises Passenger Vehicle and Commercial Vehicle

Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Ignition Coil Market:

Regional Analysis

The Asia-Pacific region is expected to dominate the ignition coil market, owing to the increasing industrialization and urbanization. The rapid growth of various industries such as automotive, construction, aerospace and mass transport, is expected to contribute growth in the region. The large scope of foreign direct investment in the developing nations and also continuous commitment to minimize vehicle emissions add to the growth of the ignition coil market in the region.