Ignition System Market: Global Industry Analysis and Forecast 2023-2029: By Type, Engine Type, Vehicle Type, and Region.

Ignition System Market is anticipated to reach US$ 16.4 Bn. by 2029 from US$ 9.50 Bn. in 2022 at a CAGR of 8.1 % during a forecast period.

In vehicles, the automotive ignition system is an ignition circuit that creates sparks or heat. An ignition switch, ignition coil, high tension cable, distributor, and spark plug are all part of the system. These components deliver a high voltage current to the spark plugs, causing sparks to form in the spaces between them. The heat generated by these sparks ignites the compressed air-fuel combination in the combustion chamber, resulting in the vehicle being energized. As a result, automotive ignition systems are widely used in automobiles with gasoline engines.To know about the Research Methodology :- Request Free Sample Report

In the report, 2022 is considered a base year however 2022’s numbers are on the real output of the companies in the market. Special attention is given to 2021 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.
Ignition System Market Dynamics

In terms of low fuel emissions and consumption per vehicle, the automobile industry has made significant technical improvements. Government restrictions governing fuel usage and emissions have increased the demand for ignition systems across the world. In addition, the increased focus on R&D and powertrain systems has produced considerable opportunities for ignition system makers.

In addition, People are becoming more environmentally sensitive, there is a growing need for ignition systems that increase operating efficiency and fuel economy. This, together with the increasing use of laser ignition systems, is helping to propel the market forward. Other growth-inducing elements include growing electrification of the automobile sector and the development of electronic ignition systems with sensors, switches, and transistors. These newer models offer increased horsepower levels and more precise and consistent current flow when compared to conventional mechanical systems.

Besides, the global demand for ignition systems has been fuelled by expanding demand for gasoline-powered automobiles, and the emerging automotive sector. The value of gasoline engines sold in Japan in 2021 was estimated to be around 58 billion Japanese yen. This was a reduction from the previous year's sales value of roughly 66.87 billion Japanese yen. However, during the projected period, the rising demand for electric vehicles is expected to impact the ignition system market for automotive.

In the report, 2021 is considered a base year however 2021’s numbers are on the real output of the companies in the market. Special attention is given to 2021 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.
Ignition System Market Dynamics
In terms of low fuel emissions and consumption per vehicle, the automobile industry has made significant technical improvements. Government restrictions governing fuel usage and emissions have increased the demand for ignition systems across the world. In addition, the increased focus on R&D and powertrain systems has produced considerable opportunities for ignition system makers.

In addition, People are becoming more environmentally sensitive, there is a growing need for ignition systems that increase operating efficiency and fuel economy. This, together with the increasing use of laser ignition systems, is helping to propel the market forward. Other growth-inducing elements include growing electrification of the automobile sector and the development of electronic ignition systems with sensors, switches, and transistors. These newer models offer increased horsepower levels and more precise and consistent current flow when compared to conventional mechanical systems.

Besides, the global demand for ignition systems has been fuelled by expanding demand for gasoline-powered automobiles, and the emerging automotive sector. The value of gasoline engines sold in Japan in 2021 was estimated to be around 58 billion Japanese yen. This was a reduction from the previous year's sales value of roughly 66.87 billion Japanese yen. However, during the projected period, the rising demand for electric vehicles is expected to impact the ignition system market for automotive.
Segmentation Analysis
Electronic Automotive Ignition Systems are expected to take over 35% of the market.

Manufacturers of automotive ignition systems have shifted their focus from conventional automotive ignition systems to electric automotive ignition systems due to the rapid electrification of the automotive industry, which has been fuelled by rising demand for electric vehicles (EVs), fluctuating fuel prices, and stringent emission standards.

Electronic automobile ignition systems are predicted to account for over 35 percent of the overall market share while vying with traditional automotive ignition systems for a neck-and-neck position.
Regional Insight
The expansion of the automotive industry in the Asia Pacific is propelling the market for vehicle ignition systems. Urbanization and expansion in intercity personal vehicle transportation, as well as an increase in manufacturing activities, are predicted to drive passenger and commercial vehicle demand. The need for logistics and transportation in Asia-Pacific is expected to rise at a CAGR of xx percent throughout the forecast period, propelling the Automobile Ignition System market to new heights between 2023 and 2029.

In the forecast period, the North American Automobile Ignition System market is estimated to develop at a CAGR of xx percent. The presence of significant market players in the area, as well as technological advancements in the automobile ignition system, promotes market competitiveness, resulting in the expansion of the market. The market for Automobile Ignition Systems is growing due to the rising demand for hybrid and electric automobiles in the region.

Report Objectives:

Landscape analysis of the Ignition System Market
competitive benchmarking
Past and current status of the industry with the forecasted market size and trends
Evaluation of potential key players that include market leaders, followers, and new entrants
Technology trends
The potential impact of micro-economic factors on the market
External and Internal factors affecting the market have been analyzed

The report also helps in understanding the Ignition System Market dynamics, structure by analysing the market segments project the Ignition System Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Ignition System Market make the report investor’s guide.
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Ignition System Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 9.50 Bn.


Forecast Period 2023 to 2029 CAGR:
8.1 %
Market Size in 2029:
US $ 16.4 Bn.


 Segments Covered:
by Type
Conventional breaker point type ignition system
Electronic ignition systems
Distributorless ignition system


by Engine Type
Gasoline
Diesel


by Vehicle Type
Passenger Cars
Commercial Vehicles
Two Wheelers



Ignition System Market by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Ignition System Market Key Players
1. Delphi Automotive
2. Robert Bosch
3. DENSO
4. BorgWarner
5. Federal-Mogul Corporation
6. Mitsubishi Electric Corporation
7. Continental AG
8. Hitachi Automotive Systems
9. Diamond Electric
10. SEM
11. NGK Spark Plug Co
12. Valeo Service
13. Wells Vehicle Electronics
14. CEP Technologies Corporation

Frequently Asked Questions:

1. Which region has the largest share in Global Ignition System Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Ignition System Market?
Ans: The Global market is growing at a CAGR of 8.1% during forecasting period 2023-2029.

3. What is scope of the Global Ignition System market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Ignition System market?
Ans: The important key players in the Global market are – Delphi Automotive, Robert Bosch, DENSO, BorgWarner, Federal-Mogul Corporation, Mitsubishi Electric Corporation, Continental AG, Hitachi Automotive Systems, Diamond Electric, SEM, NGK Spark Plug Co, Valeo Service, Wells Vehicle Electronics, CEP Technologies Corporation, and

5. What is the study period of this market?
Ans: The Global Ignition System Market is studied from 2022 to 2029.