Global Automotive Ignition System Market Growth 2023-2029

Global Automotive Ignition System Market Growth 2023-2029

Automotive ignition system is a system for igniting a fuel-air mixture which is used in gasoline vehicles. ­The goal of ignition system is to ignite the fuel at exactly the right time so that the expanding gases can do the maximum amount of work. If the ignition system fires at the wrong time, power will fall and gas consumption and emissions can increase.

Automotive ignition system comprises of spark plug, ignition coil, and other components.

LPI (LP Information)' newest research report, the “Automotive Ignition System Industry Forecast” looks at past sales and reviews total world Automotive Ignition System sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Ignition System sales for 2023 through 2029. With Automotive Ignition System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Ignition System industry.

This Insight Report provides a comprehensive analysis of the global Automotive Ignition System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Ignition System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Ignition System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Ignition System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Ignition System.

The global Automotive Ignition System market size is projected to grow from US$ 3744 million in 2022 to US$ 4171.3 million in 2029; it is expected to grow at a CAGR of 4171.3 from 2023 to 2029.

China is the largest Automotive Ignition System market with about 32% market share. Europe is follower, accounting for about 19% market share.

The key players are Bosch, Denso, Delphi, BorgWarner, Tenneco(Federal-Mogul), Hitachi, NGK, Yura, Mitsubishi, SparkTronic, SOGREAT, Zunyi Changzheng, Jiaercheng, Anhui KING-AUTO etc. Top 3 companies occupied about 17% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Ignition System market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Spark Plug

Ignition Coil

Segmentation by application

OEM Market

Aftermarket

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Bosch

Denso

Delphi

BorgWarner

Tenneco (Federal-Mogul)

Hitachi

NGK

Yura

Mitsubishi

SparkTronic

SOGREAT

Zunyi Changzheng

Jiaercheng

Anhui KING-AUTO

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Ignition System market?

What factors are driving Automotive Ignition System market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Ignition System market opportunities vary by end market size?

How does Automotive Ignition System break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.