The global automotive ignition coils market is anticipated to grow at a CAGR of 3.2 % during the forecast period (2022-2028). An ignition coil is an induction coil in an automobile’s ignition system that is used to convert the low voltage of the battery to the thousands of volts required to create an electric spark. Automotive ignition coils, also known as spark coils, play an important role in the engine’s efficiency and smooth operation.
An increase in automotive production, rise in strict regulatory norms for emission and fuel efficiency, a rise in urbanization, a rise in per capita income and standard of living, rise in emphasis on sustainability, and rise in demand for lower fuel consumption and lower emissions for protecting the environment and preventing air pollution are the factors accelerating growth of the market during the forecast period. Furthermore, an increase in market research and development activities, as well as an increase in demand from emerging economies, will create new opportunities for the automotive ignition coil market during the forecast period. However, growing stringent regulation is one of the major factors restraining market growth and will further challenge the ignition coil market during the forecast period. The Asia-Pacific region is expected to hold a considerable share in the automotive ignition coil market due to the stricter emission and fuel efficiency regulations, increased urbanization, and an increase in per capita income and standard of living in the region.
Some major players in the market include Denso Corp., Tenneco Inc., NGK Spark Plugs, BorgWarner Inc., Valeo, Robert Bosch Gmbh, Delphi Technologies, Hitachi Astemo Ltd., and others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in July 2020, NGK Spark Plugs (India) Pvt Ltd. launched a new range of ignition coils in India which is suitable with BS-6 Engines & new range of spark plugs.
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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 Application
- By Sales Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Denso Corp., Tenneco Inc., NGK Spark Plugs, BorgWarner Inc., Valeo, Robert Bosch Gmbh, Delphi Technologies, Hitachi Astemo Ltd., and others.
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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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Global Automotive Ignition Coils Market Report by Segment
By Type
- Coil-On Plugs
- Distributor-Based Ignition Coils
- Distributor-Less
- Others
By Application
- Passenger Cars
- Commercial Vehicles
By Sales Channel
- OEM
- Aftermarket
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