Automotive Ignition Systems Market Trends, Sector Overview and Forecast to 2028
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Automotive Ignitions Market Report Overview
The automotive ignitions market size was 804.2 million units in 2023. The market will register a negative CAGR of more than 2% during 2023-2028. Stringent fuel economy and emissions regulations compel manufacturers to continuously improve the efficiency of ignition systems, thereby driving the market in the coming years. In 2023, Asia-Pacific accounted for a significant share of the market.
Automotive Ignitions Market Outlook, 2023-2028 (Million Units)
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The automotive ignitions market research report provides a comprehensive overview of the ignitions market trends and drivers. The report also provides a detailed overview of technological developments and innovations, PESTER analysis, and leading component suppliers at a global and regional level. Furthermore, evaluate strategic initiatives taken by market players and their recent product innovations to identify growth opportunities. The report also provides an overview of patent filings in the sector across regions, countries, and top applicants.
Market Size (2023) | 804.2 million units |
CAGR (2023-2028) | <(2)% |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Key Regions | Asia-Pacific, Europe, North America, South America, and MEA |
Key Companies | Denso, Valeo, Bosch Limited, BorgWarner, and Mitsubishi Electric |
Key Sectors | Gasoline Spark Plugs, Ignition Coils, SA-Alternators, and SA-Starter Motors, and Others |
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Automotive Ignitions Market Trends
Technological advancements such as lightweight materials, improved design techniques, and optimized electrical systems contribute to higher efficiency in ignition systems. This results in reduced energy consumption, improved fuel efficiency, and lower emissions. Integration with vehicle electronics and engine management systems allows for better coordination and control of ignition systems.
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Automotive Ignitions Market Segmentation by Regions
In 2023, Asia-Pacific accounted for the highest share among all the regions
The key regions in the automotive ignitions market are Asia-Pacific, Europe, North America, South America, and MEA. Gasoline spark plugs and ignition coils garnered the dominant share of the ignition system market in the Asia-Pacific region.
Automotive Ignitions Market Analysis by Regions, 2023 (%)
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Automotive Ignitions Market - Competitive Landscape
A few of the top companies operating in the market are:
- Denso
- Valeo
- Bosch Limited
- BorgWarner
- Mitsubishi Electric
Denso created a diode for alternators for both diesel and gasoline vehicles with the semiconductor dealer, Hitachi Power Semiconductor Device. The new diode boosts power generation effectiveness and aids in enhancing fuel consumption.
In January 2022, Chengdu Huachuan Electric Parts Co., Ltd. participated in a contract to acquire the Alternator industry from Denso Corp.
Automotive Ignitions Market Analysis by Companies
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Automotive Ignitions Market Segmentation by Sectors
In 2023, both gasoline spark plugs and ignition coils garnered the highest share of the market.
A few of the key sectors in the automotive ignitions market are gasoline spark plugs, ignition coils, SA-alternators, and SA-starter motors.
Automotive Ignitions Market Analysis by Sectors, 2023 (%)
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Automotive Ignitions Market - Latest Developments
A few of the latest developments in the automotive ignitions market are as follows:
- 11th July 2023: NGK may be the new manufacturer of Denso spark plugs. For the longest time, automobile manufacturers, particularly Japanese ones, relied on Denso and NGK for spark plugs. But there may soon be only one.
- 2nd February 2023: Bosch México started its manufacturing operations at Queretaro, one year after the investment announcement. The project signifies a deal of 146 million dollars.
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Segments Covered in the Report
Automotive Ignitions Sector Outlook (Value, Million Units, 2018-2028)
- Gasoline Spark Plugs
- Ignition Coils
- SA-Alternators
- SA-Starter Motors
Automotive Ignitions Regional Outlook (Value, Million Units, 2018-2028)
- Asia-Pacific
- Europe
- North America
- South America
- MEA
Scope
This report brings together multiple data sources to provide a comprehensive overview of the global ignition systems sector. It includes an analysis of the following:
- Trends & Drivers: Provides an overview of the current sector scenario regarding the future outlook in terms of key trends and drivers of the sector.
- Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.
- PESTER Analysis: Provides a detailed understanding of various factors such as political, economic, social, technological, environmental, and regulatory impacting the sector.
- Sector Forecast: Provides deep-dive analysis of the global market covering volume growth during 2018–2028, and spot estimates for 2030 and 2036. The analysis also covers a regional overview across four regions-Asia-Pacific, Europe, MEA, North America, and South America -highlighting sector size, and growth drivers for the region.
- Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the recent product innovations and key strategic initiatives taken by the companies.
- Patent Analysis: Provides an overview of patent filings in the sector across regions, countries, and top applicants.
Reasons to Buy
- Auto OEMs and component suppliers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail.
- This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region.
- The report provides a detailed analysis of the regions and competitive landscape that can help companies gain insight into the region-specific nuances.
- The analysts have also placed a significant emphasis on the key trends that drive customer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion.
- To gain competitive intelligence about leading component suppliers in the sector in the region with information about their market share and growth rates.
Valeo
Bosch
Mitsubishi Electric
BorgWarner
Table of Contents
Table
Figures
Frequently asked questions
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What was the automotive ignitions market size in 2023?
The automotive ignitions market size was 804.2 million units in 2023.
-
What will the growth rate of the automotive ignitions market be during the forecast period?
The automotive ignitions market will record a negative CAGR of more than 2% during 2023-2028.
-
Which was the leading sector in the automotive ignitions market in 2023?
Both gasoline spark plugs and ignition coils were leading sectors in the automotive ignitions market in 2023.
-
Which was the leading region in the automotive ignitions market in 2023?
Asia-Pacific was the leading revenue generator in the automotive ignitions market in 2023.
-
Which are the key companies operating in the automotive ignitions market?
The key companies operating in the automotive ignitions market are SEG Automotive (Bosch), Valeo, Denso, BorgWarner (inc Remy), and Mitsubishi, among others.
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