Global Automotive Ignition Coil Market Overview:
Automotive Ignition Coil is also known as a Spark coil that is inculcated into the vehicles so that it can ignite the air and gaseous mixture in a compression chamber, which creates a moment in a vehicle. These coils enable to keep the operations of vehicles smooth and efficient. With the growing demand for automotive across the globe has made the market to shift a promising growth. For instance, the passenger cars, as well as light commercial vehicles (LCVs) in North & Central America, is approximately 17.053.566 (Volume) in 2019.
- The rising emphasis on sustainability & rising demand for lower fuel consumption vehicles and lower emissions for protecting the environment and preventing air pollution are making the major players invest in technological advancement also enhance the development of new ways to for efficiency in automobiles. Thus enhancing the market drivers
- Increase in Technological Developments Coupled with Advancements Towards Efficient Automobiles
- Adoption of Advanced Ignite Coils in Automobiles, Owing to the Strict Fuel Efficiency Rules
- Demand for Electrical Vehicles is Hampering the Market Demand
- Up surging the Demand for Vehicles which do not use Ignite Coils
- The Rise in Disposable Income among the People across the World
- Upsurge Sales of Luxurious Vehicles in Developing Countries
- Rising Trend of shared Mobility has also Challenged the Market
- Concern Related to Environmental Pollution
The global market for the automotive ignition coil is dominated by few players such as Hitachi Automotive Systems, Continental AG, Diamond Electric Mfg. Co. Ltd, Denso Corp., Mitsubishi Electric Corp., and many others. The companies are launching a more technologically advanced ignition coil and making expanding their geographical presence for being ahead in the competition.
Some of the key players profiled in the report are Delphi Automotive PLC (United Kingdom), Robert Bosch GmbH (Germany), BorgWarner Ludwigsburg GmbH (Germany), Federal-Mogul Corporation (United States), Denso Corporation (Japan), Mitsubishi Electric Corporation (Japan), Hitachi Automotive Systems Americas, Inc. (United States) and Standard Motor Products, Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like NGK Spark Plugs (Japan) and Prenco Progress & Engineering (Canada). Analyst at AdvanceMarketAnalytics see North America Vendors to retain maximum share of Global Automotive Ignition Coil market by 2025. Considering Market by Component Type, the sub-segment i.e. Ignition Switch will boost the Automotive Ignition Coil market. Considering Market by Technology, the sub-segment i.e. Plug Shaft (Smart Plug/ Single Spark Ignition Coil) will boost the Automotive Ignition Coil market. Considering Market by Turbocharger, the sub-segment i.e. Single Turbocharger will boost the Automotive Ignition Coil market. Considering Market by Sales Channel, the sub-segment i.e. Physical Examination Aftermarket will boost the Automotive Ignition Coil market.
Diamond Electric MFG. Co., Ltd. has adopted a new ignition method that can discharge sparks multiple times per one-thousandth of a second and realize high energy outputs. It also enhanced stable combustion for weak combustion zones (such as exhaust gas recirculation system zones), improved fuel consumption by 2% compared to existing products, and reduced carbon dioxide emissions.
Regulatory organizations and government authorities including World Health Organization, U.S. Environmental Protection Agency, Environmental Protection UK and National Highway Traffic Safety Administration, USA are providing guidelines and enacting stringent rules and regulations to control air pollution and curb climate change. For instance, vehicle standards such as Clean Air Act Amendments (CAAA), California Standards (CARB), Japanese emission standards for gasoline and LPG passenger cars, and Euro 5/6 standards are being implemented in several countries worldwide to reduce air pollution.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Ignition Coil market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Automotive Ignition Coil market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Suppliers and Distributors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.