Automotive Ignition Coil Market to Witness Rapid Growth by 2028

The global automotive ignition coil market is anticipated to grow significantly at a CAGR of 4.1% over the forecast period (2021-2028). The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2020, DENSO Products and Services Americas, Inc., expanded its line of aftermarket ignition coils.

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DENSO offers four new coil-on-plug (COP) part numbers that extend its coverage to 2012-2018 Honda and Acura models. in November 2019, Standard Motor Products Europe(SMPE) marketed a range of multi-charge ignition coils introduced on GDI(gasoline direct engines). Multi charge ignition coils are designed to fire multiple times per cycle. The construction of a multi-charge ignition coil is also different as it has a single primary winding layer, allowing it to collapse easier due to its lower resistance.

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  • Market Coverage
  • Market number available for – 2022-2028
  • Base year- 2021
  • Forecast period- 2022-2028
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others

Global Automotive Ignition Coil Market– Segmentation

By Type

  • Conventional
  • Electronic
  • Distributor-less(DIS)
  • Coil-on-plug(COP)

by Distribution Channel 

  • OEM
  • Aftermarket

Global Automotive Ignition Coil Market by Region 

North America

  • US
  • Canada

Europe

  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Rest of Asia-Pacific

Rest of the World

  • Middle East & Africa
  • Latin America

The Report Covers

  • Market value data analysis of 2021 and forecast to 2028.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global automotive ignition coil market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market entry and market expansion strategies.
  • Competitive strategies by identifying ‘who-stands-where’ in the market.

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