Global Automotive Ignition Coil Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027

"Global Automotive Ignition Coil Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global automotive ignition coil market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. Global automotive ignition coil market report has been segmented on the basis of product type, vehicle type, sales channel, and region.

Introduction:

An ignition coil is also known as spark coil, is an induction coil which transforms voltage in the battery to create an electric spark to ignite the combustible gas. The ignition coil consists of two types of coil: primary coil and a secondary coil, each with a different number of wire turns.

Dynamics:

A key factor expected to drive the growth of the target market is the growing automotive sector and technological advancements such as internal combustion engine (ICE) equipped with hybrid powertrains, and introduction of eco-friendly locomotives (Hydrogen powered engines) which subsequently boost demand for automotive ignition coils. Factors such as rising automotive production, and stringent rules and regulations regarding fuel efficiency, emission norms, are some of the factors anticipated to propel growth of the target market over the forecast period. Moreover, urbanization, increasing disposable income, and rising standard of living in emerging economies are also expected to contribute to the growth of the automotive industry.

However, adoption of electric cars and ongoing R&D activities in powering cars with solar energy are some of the factors may restrain growth of the global automotive ignition coil market to a certain extent.

Segment analysis:

On the basis of product type, pencil ignition coil segment is expected to hold significant share in the target market over the forecast period. Pencil ignition coil segment is expected to register the highest CAGR during the forecast period owing to reduction in the size of engines.

On the basis of vehicle type, the market is segmented into commercial vehicle and passenger vehicle. Among these, passenger car segment is accounted for the major share in the target market. Increasing demand for passenger cars in the developing countries and increasing disposable income, expected to propel growth of the target market.

On the basis of sales channel, target market is bifurcated into OEMs and aftermarket. The OEM segment is contributed the major revenue share to the target market.

Geographical Analysis:

North America accounts for highest share in the global market in terms of revenue and is expected to maintain its position over the forecast period. Increasing per capita income, stringent safety norms, and rising demand for premium and luxury cars in countries in the region plays an important role for growth of the automotive market and automotive ignition coil market subsequently. Recent trend shows that, Key players are continuously focusing on inner comfort, as they intend to improve the experience of passengers within the car. Additionally, the automotive industry is strictly governed by stringent standards and regulations, which are set to further influence the demand of automotive ignition coil. The Europe market accounts for second highest revenue share in the global market and is expected to witness considerable growth over the next 10 years. The Asia Pacific market is expected to register highest CAGR over the next 10 years. Asia is referred as automotive manufacturing hub as well as increasing demand for automobiles from countries such as China, South Korea, and India, anticipated to drive the market growth. Moreover, the market in Middle East & Africa are expected to witness moderate growth over the forecast period.

Automotive Ignition Coil Market, by Product Type

• Electronic Distributor Coil
• Can-type Ignition Coil
• Double Spark Coil
• Ignition Coil Rail
• Pencil Ignition Coil

Automotive Ignition Coil Market, by Vehicle Type

• Commercial vehicle
• Passenger vehicle

Automotive Ignition Coil Market, by Sales Channel

• OEMs
• Aftermarket

Automotive Ignition Coil Market, by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa