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Automotive Ignition Coil Market

Automotive Ignition Coil Market Size, Share and Segmentation by Type (Coil-on Plugs, Distributor-based Ignition Coils, Distributor-less, Others), by Vehicle Type (Passenger cars, LCV, HCV), by Distribution Channel (OEM, Aftermarket), by Regions - Global Market Forecast 2022-2028

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.

Automotive Ignition Coil Market Revenue Graph

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.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • 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.

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.

  • An increase in demand for compact ignition coils due to engine downsizing

  • Increased technological advancements toward solar energy-powered vehicles.

OPPORTUNITIES: 

  • The rise of e-tailing may present significant business prospects.

  • Undiscovered growing markets offer market expansion opportunities.

CHALLENGES: 

  • 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 ESTIMATION: 

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.

MARKET SEGMENTATION:

By Type:

  • Coil-on Plugs

  • Distributor-less

  • Distributor-based Ignition Coils

  • Others

By Vehicle Type:

  • Passenger cars

  • LCV

  • HCV

By Distribution Channel:

  • OEM

  • Aftermarket

Automotive Ignition Coil Market Segment Chart

REGIONAL ANALYSIS:

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.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The 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

Automotive Ignition Coil Market Report Scope:
Report Attributes Details
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
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

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

8.3 Distributor-less

8.4 Others

 

9. Global Automotive Ignition Coil Market Segmentation, by Vehicle Type

9.1 Passenger car

9.2 HCV

9.3 LCV

 

10. Global Automotive Ignition Coil Market Segmentation, by Distribution Channel

10.1 OEM

10.2 Aftermarket

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1 Robert Bosch GmbH (Germany),

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Diamond Electric Mfg. Corp

12.3 Federal-Mogul

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

 

14. Conclusion

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.

Secondary Research

Step 2: Primary Research

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