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The global rise in sales of automobile vehicles, is driving the market for Automotive Ignition Coil. Vehicle emissions being one of the major sources of pollution around the globe, the automotive industry is investing and implementing innovative ways to curb the emissions. Automotive Ignition Coils play a major role in automobile fuel combustion and engine performance. Automotive market players are innovating and developing new ways to improve the overall fuel combustion efficiency of their automobile. The growing vehicle production across the globe has environmental impacts, leading to technological advancements such as electronic ignition, which improves efficiency and fuel economy of the vehicle.
Automotive Ignition Coil market is expected to grow with the CAGR of approximately 3.8% from 2017 to 2023.
The market has been analyzed based on the four segments of type, component, vehicle type and end-use in the regions of North America, Europe, APAC and Rest of the World. On the basis of type the segments are Compression Ignition, Spark Ignition, Battery, Others. Compression ignition is also commonly referred to as diesel engine, largely because it is a staple of a diesel ignition. Gasoline requires the spark ignition in order to start, but diesel can be started through this alternative means of ignition. On the basis of components the segments are Spark Plug, Automotive Ignition Coil, Capacitor, Others. Automotive spark and glow plugs segment is influenced by a number of factors such as increasing automotive production, upcoming stringent emission norms and rising demand for high fuel efficiency. On the basis of vehicle type, it includes LCV, HCV and passenger cars. Passenger vehicles incude compact, sub-compact, mid-size, sedan, luxury, and vans. The passenger cars segment is expected to witness growth, mainly due to increasing demand for compact cars.
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The key players of global Automotive Ignition Coil Market are Robert Bosch GmbH (Germany), BorgWarner Ludwigsburg GmbH (Germany), Delphi Automotive PLC (UK), Denso Corporation (Japan), Federal-Mogul Corporation (US),Mitsubishi Electric Corporation (Japan), Hitachi Automotive Systems Americas, Inc. (U.S.), Wings Automobile Products Pvt. Ltd (India),
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