Report Id: SNS/AUTO/1083 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Automotive Ignition Coil Market Size was valued at USD 6.54 billion in 2021 and is expected to reach USD 8.66 billion by 2028 and grow at a CAGR of 4.1% over the forecast period 2022-2028.
An igneous coil is an induction coil that is used in the ignition system of a car or an internal combustion engine to convert a low voltage current into a thousand volts in order to ignite the fuel. In a car, an automotive ignition coil, also known as a spark coil, is an induction coil that produces an electric spark that ignites the air and gasoline mixture in the compression chamber, allowing the vehicle to move. These coils aid in the engine's smooth and efficient running. Few ignition coils have an inbuilt resistor, while others rely on an external resistor to control current flow. Previously, every ignition coil system required mechanical contact breaker points and a capacitor, but electronic ignition systems today use a power transistor to supply pulses to the ignition coil. The expansion of the vehicle ignition coil market has been influenced by this.
A modern passenger car may use only one ignition coil for each engine cylinder (or set of cylinders), obviating the need for faulty spark plug cables and a distributor to distribute high voltage pulses. Diesel engines, which rely on compression to ignite the fuel/air mixture, do not require ignition systems. Compact ignition coils have been in high demand for engine downsizing, which increases fuel efficiency and lowers carbon emissions.
An increase in automotive sales.
Increase in urbanization.
The level of living and per capita income.
Growing emphasis on sustainability.
Government initiatives to minimize fuel use and pollution.
Increased sales of plug-in hybrid and battery electric vehicles may limit market growth to some extent.
These vehicles do not use an automobile ignition coil, which can greatly reduce demand.
An increase in demand for compact ignition coils due to engine downsizing
Increased technological advancements toward solar energy-powered vehicles.
The rise of e-tailing may present significant business prospects.
Undiscovered growing markets offer market expansion opportunities.
Limited space in engine compartments, higher ignition voltage is required.
Electric automobiles do not use ignition coils, the ignition coil industry is projected to face considerable headwinds.
IMPACT OF COVID-19:
The covid 19 epidemic has spread to a number of countries throughout the world. According to projections, the world economy is expected to contract by 3% in 2020 compared to 2019. The slowing economy is projected to have an impact on various industries, notably automotive, and the ignition coil market. People all over the world are more concerned with spending money on food and sanitation products than on luxury items. Furthermore, when the size of the global economy shrinks, people's spending or purchasing power shrinks as well. People all throughout the world are spending more money on sanitation and food than on luxury items like vehicles. Because of the aforementioned concerns, the COVID-19 pandemic is predicted to slow market growth in 2020-2021.
KEY MARKET PLAYERS:
Diamond Electric Mfg. Corp, Federal-Mogul, HELLA GmbH & Co. KGaA, Hitachi Automotive, Hitachi Automotive Systems Americas, Robert Bosch GmbH (Germany), BorgWarner Ludwigsburg GmbH (Germany), Delphi Automotive PLC (UK), Federal-Mogul Corporation (US), Mitsubishi Electric Corporation (Japan), Inc. (U.S.), Denso Corporation (Japan), Wings Automobile Products Pvt. Ltd (India), NGK Spark Plug, and Valeo SA are among the key ignition coil market participants.
Market, By Type:
Based on type, the ignition coil market is divided into four categories: Coil-on Plugs, Distributor-less, Distributor-based Ignition Coils, and Others. coil-on-plug systems are intended to deliver the ignition spark to the fuel in the combustion chamber as efficiently as possible. This technology is expected to continue to have the highest market share since it allows for minimal voltage loss from the coil to the pin.
Market, By Vehicle Type:
Based on vehicle type, the ignition coil market is divided into three categories: light commercial vehicles, heavy commercial vehicles, and passenger cars. The passenger automobile segment currently has the largest market share in the world. Several medium and large commercial vehicle manufacturers are working on electrification and have begun creating high-capacity automotive batteries.
Market, by Distribution Channel:
Based on the distribution channel, the ignition coil market is divided into two categories: OEM, and Aftermarket. The aftermarket currently controls the majority of the market. It is expected to expand rapidly as a result of rising consumer demand and air pollution.
Distributor-based Ignition Coils
By Vehicle Type:
By Distribution Channel:
The global ignition coil market is divided into four regions, according to the reports: North America, Europe, Asia Pacific, and the rest of the world. Because of its rapid urbanization and industrialization, the Asia-Pacific region is expected to dominate the worldwide ignition coil market. The rapid growth of numerous industries, such as construction, automotive, mass transportation, and aerospace, is expected to boost worldwide ignition coil market revenue in this area.
Foreign direct investment in developing nations, as well as the ongoing desire to reduce car emissions, are expected to fuel the expansion of the ignition coil market in this area.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 6.54 Billion|
|Market Size by 2028||US$ 8.66 Billion|
|CAGR||CAGR of 4.1% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Type (Coil-on Plugs, Distributor-based Ignition Coils, Distributor-less, Others)
• by Vehicle Type (Passenger cars, LCV, HCV)
• by Distribution Channel (OEM, Aftermarket)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Diamond Electric Mfg. Corp, Federal-Mogul, HELLA GmbH & Co. KGaA, Hitachi Automotive, Hitachi Automotive Systems Americas, Robert Bosch GmbH (Germany), BorgWarner Ludwigsburg GmbH (Germany), Delphi Automotive PLC (UK), Federal-Mogul Corporation (US), Mitsubishi Electric Corporation (Japan), Inc. (U.S.), Denso Corporation (Japan), Wings Automobile Products Pvt. Ltd (India), NGK Spark Plug, and Valeo SA|
|Key Drivers||•An increase in automotive sales.
•Increase in urbanization.
•The level of living and per capita income.
|RESTRAINTS||•Increased sales of plug-in hybrid and battery electric vehicles may limit market growth to some extent.
•These vehicles do not use an automobile ignition coil, which can greatly reduce demand.
Frequently Asked Questions (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of the Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Ignition Coil Market Segmentation, by Type
8.1 Coil-on Plugs
8.2 Distributor-based Ignition Coils
9. Global Automotive Ignition Coil Market Segmentation, by Vehicle Type
9.1 Passenger car
10. Global Automotive Ignition Coil Market Segmentation, by Distribution Channel
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Robert Bosch GmbH (Germany),
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Diamond Electric Mfg. Corp
12.4 HELLA GmbH & Co. KGaA
12.5 Hitachi Automotive
12.6 Hitachi Automotive Systems Americas
12.7 BorgWarner Ludwigsburg GmbH (Germany)
12.8 Delphi Automotive PLC (UK)
12.9 Federal-Mogul Corporation (US)
12.10 Mitsubishi Electric Corporation (Japan)
12.11 Inc. (U.S.)
12.12 Denso Corporation (Japan)
12.13 Wings Automobile Products Pvt. Ltd (India)
12.14 NGK Spark Plug
12.15 Valeo SA
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
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