Scope of the Study
The motor ignition coil task is to induce a high voltage from a low voltage. The main task of ignition coil is to reinforce the magnetic field. The ignition coil is made of insulated copper wire and a thin secondary winding is placed around the iron core. Ignition coil is used in vehicles with ignition distributor in contact controlled or transistor-controlled ignition systems and can transform the voltage in the battery to create an electric spark that can ignite the fuel. Few coils have an internal resistor while others rely on an external resistor to control the current flow in the ignition coil.
The market study is being classified by Type (Canister, Electronic Distributor Ignition Coils and Double Spark Ignition Coils), by Application (Passenger Cars and Commercial Vehicles) and major geographies with country level break-up.
Hitachi Automotive Systems Americas Inc. (United States), NGK Spark Plug Co. Ltd. (Japan), Federal-Mogul Corporation (United States), BorgWarner Ludwigsburg GmbH (Germany), Delphi Automotive PLC (United States), Standard Motor Products (United States), Hitachi Automotive Systems Americas Inc. (United States), AcDelco (United States), Marshall Electric Corp (United States), Sag Harbor Industries, Inc. (United States) and Mitsubishi Electric Corporation (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Wings Automobile Products Pvt. Ltd (India).
The market appears to be fragmented and with the presence of several companies the competitive environment is quite intense. Igniting Coil are organized with hybrid powertrains and are used in most vehicles in the developing countries. The manufacturers of igniting coil are implementing better technologies to grow in the competitive market. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Motor Igniting Coil market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Motor Igniting Coil market by Type, Application and Region.
On the basis of geography, the market of Motor Igniting Coil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. OEM will boost the Motor Igniting Coil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising automotive production
Market Trend
- Growing demand for pencil ignition coil
Restraints
- Increasing Demand for Electric Vehicles
Opportunities
- Growth of the automotive industry
Challenges
- Growing need for compact ignition coils
Market Leaders and their expansionary development strategies
Oct 27, 2018: Federal-Mogul acquired by Tenneco, one of the world’s leading designers, manufacturers and marketers of Ride Performance and Clean Air products and technology solutions for automotive and commercial vehicle
Oct 15, 2018: NGK acquires oxygen-related products business of Chart Industries Inc.
Key Target Audience
Manufacturers of vehicles, Suppliers of automotive parts, Wholesalers, distributers and retailers of automotive parts and Automotive industry
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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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