The automotive motor igniting coil market is anticipated to grow at a significant CAGR of 4.2% during the forecast period (2022-2028). In a vehicle, an automotive motor igniting coil, also known as a spark coil, is an induction coil that produces an electric spark that ignites the air and fuel mixture in a compression chamber, allowing the vehicle to move. These coils aid in the engine’s smooth and efficient running. Few ignition coils include an inbuilt resistor, while others rely on an external resistor to control current flow. The demand for commercial vehicles has increased as the number of e-commerce operations has grown. Many nations are reopening their international borders for freight and logistical activities. The need for automotive motor igniting coils is projected to be driven by all of these causes.
The global automotive motor igniting coil market is segmented based on the type and operating principle. Based on the type, the market is sub-segmented into block ignition coils, coil on plug, and ignition coil rail. Among these types, the block ignition coils segment is expected to propel the growth of the market due to the increasing usage of block ignition coils in vehicles for generating high voltage to ignite the air/fuel mixture. Based on the operating principle, the market is sub-segmented into single spark technology and dual spark technology.
The market players are also contributing significantly to the market’s growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in October 2021, Diamond Electric Holdings Co. Ltd. announced that its Thai subsidiary, Diamond Electric (Thailand) Co. Ltd. will be dissolved and liquidated. This is due to the fact that Diamond Electric (Thailand vehicle)’s ignition coil production has been merged under Diamond Electric Asia Pacific Co. Ltd., which handles the identical goods in Thailand’s eastern provinces.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Operating Principle
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- NGK SPARK PLUG Co. Ltd., Denso Corp., Robert Bosch GmbH, Hitachi Ltd., Diamond Electric Holdings Co. Ltd., Taiwan Ignition System Co. Ltd., and Furuhashi Auto Electric Parts Co. Ltd., among others.
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Global Automotive Motor Igniting Coil Market Report by Segment
By Type
- Block Ignition Coils
- Coil on Plug
- Ignition Coil Rail
By Operating Principle
- Single Spark Technology
- Dual Spark Technology
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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