Analysis of Automotive Ignition System market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global automotive ignition system market enjoys a valuation of US$ 9.4 billion and is projected to climb to US$ 13.7 billion by the end of 2027. Sales of automotive ignition systems are slated to increase at a high-value 7.8% CAGR over the next five years.
Increasing vehicle electrification and the rising use of electronic components in automotive manufacturing are anticipated to result in high demand for electronic ignition systems as compared to other types of ignition systems.
Automotive Ignition System Market Size (2022)
US$ 9.4 Billion
Projected Market Value (2027F)
US$ 13.7 Billion
Global Market Growth Rate (2022-2027)
Market Share of Electronic Ignition Systems (2027F)
Key Companies Profiled
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Internal combustion engines necessarily require an ignition system to function efficiently and hence, they have been a critical element for all automobiles. Some of the different types of ignition systems available in the market are capacitive discharge ignition systems, battery coil ignition systems, and coil-on-plug ignition systems.
Technological advancements in ignition systems have not been substantial in the past but they certainly have picked up pace over the past decade as concerns regarding the efficiency of vehicles and emissions have become more prominent.
Implementation of stringent government mandates across the world has pushed automotive companies to adopt and develop more efficient engines with new ignition systems that reduce emissions and this is expected to majorly favor automotive ignition system demand through 2027.
Increasing sales of vehicles, high disposable income of the general population, vehicle electrification, surging automotive production, and investments in research and development of new automotive systems are other factors that could potentially uplift automotive ignition system sales in the future.
However, the rising popularity of electric vehicles is anticipated to notably constrain the automotive ignition system market evolution over the next five years. The automotive ignition system market is estimated to evolve at a CAGR of 7.8% through 2027.
“High Demand for Electric Vehicles Could Impede Sales of Automotive Ignition Systems”
Increased focus on sustainability and changing consumer preferences have largely shaped the demand for electric vehicles across the world positively. Electric vehicles work on batteries and motors which eliminate the need for ignition systems and as the popularity of these EVs increases, it is anticipated to negatively impact automotive ignition system demand over the coming years.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
“New Companies to Focus on Development of More Efficient Ignition Systems than Conventional Ignition Systems”
Upcoming market players are anticipated to focus on research and development of new and advanced ignition systems that improve the overall efficiency of the vehicle and reduce emissions. Increasing demand for efficiency and emission reduction by governments and automotive owners is expected to create new opportunities in the automotive ignition system market that new entrants could cash in.
Companies can focus on the development of such advanced technologies to advance their business potential and create a space for themselves amongst the top automotive companies in the ignition system industry landscape.
Aspiring market players are expected to focus on the development of advanced magneto ignition systems, battery ignition systems, transistorized ignition systems, etc., throughout the forecast period.
“Increasing Vehicle Ownership in Asia Pacific Driving Automotive Ignition System Shipments”
The Asia Pacific automotive ignition system market is anticipated to account for a substantial market share across the forecast period owing to increasing automotive production and rising sales of vehicles. Expansion of the transportation industry and increasing industrialization are also predicted to positively impact automotive ignition system demand in this region.
Increasing vehicle ownership in emerging economies such as China, India, Japan, and South Korea is also projected to uplift shipments of automotive ignition systems in the Asia Pacific region over the years to come.
The market for automotive ignition systems in North America is expected to be driven by factors such as the presence of key automotive manufacturers, increasing investments in automotive R&D, and the development of advanced automotive ignition technologies. Canada and the United States are slated to head revenue generation potential in this region across the forecast period.
The presence of a highly lucrative automotive manufacturing industry in Europe is anticipated to propel automotive ignition system sales in this region over the years to come. Germany is anticipated to be a key market in this region and the high potential of this country can be ascribed to the presence of key automotive giants such as BMW, Audi, etc.
“Increasing Automotive Manufacturing & Rising Vehicle Ownership”
The market for automotive ignition systems in India is anticipated to be an attractive one for key market players owing to increasing automotive manufacturing and rising sales of vehicles. Supportive government initiatives to bolster automotive manufacturing in the country and the increasing disposable income of citizens are other factors that could potentially drive car ignition system sales in India through 2027.
Slow adoption of electric vehicles due to the absence of proper charging infrastructure in India is expected to provide a brighter scope for automotive ignition system manufacturers than in some other developed nations where the adoption of electric vehicles is high. Aftermarket ignition systems are also expected to witness high demand in India throughout the forecast period.
Don't Need a Global Report?
Save 40% on Country & Region specific reports
“Electronic Ignition Systems to Spearhead Global Demand”
The global automotive ignition system market, based on type, is segmented into conventional breaker point type ignition systems, electronic ignition systems, and distributor-less ignition systems.
Vehicle electrification has increased exponentially over the past decade and this trend is anticipated to be rife across the forecast period as well. Electronic ignition systems are expected to account for a dominant market share owing to the high efficiency of these systems and the rising use of electronics in the automotive industry.
Sales of electronic ignition systems are anticipated to account for nearly 35% of the global automotive ignition system market share by the end of 2027. Stringent government mandates to control emissions are also expected to favor demand for electronic ignition systems going ahead.
“Increasing Passenger Car Sales across the World to Uplift Automotive Ignition System Sales”
The global automotive ignition system market, based on vehicle type, is segmented into passenger cars, commercial vehicles, and two wheelers.
The world has witnessed a notable increase in disposable income and this has led to a substantial rise in vehicle sales. This trend is especially influencing the automotive ignition system market in emerging economies such as India, China, Brazil, Indonesia, etc.
Moreover, the rising availability of passenger cars with automotive manufacturers launching new vehicles for all price points is also driving the increase in vehicle ownership among people.
All of the aforementioned factors are expected to drive demand for passenger cars and subsequently favor automotive ignition system market potential through 2027.
Key manufacturers of automotive ignition systems are anticipated to focus on product innovation and expansion of business scope through partnerships and collaborations that also bolster their research potential.
All the latest developments in the ignition system market and trends in the ignition system industry have been discussed in this revised research study by Fact.MR, a market research and competitive intelligence provider.
- Premium Report Details -
- Let's Connect -
- Quick Contact -
- Get Started -
Get insights that lead to new growth opportunitiesBuy Now
Get A Special pricing for start-ups and universitiesEnquiry Before Buying
- Humble, Yet Honored -
- Research Methodology -
An Adaptive Approach to Modern-day Research NeedsGet Methodology
- Related Reports -
The global automotive ignition system market accounts for US$ 9.4 billion value.
The global market for automotive ignition systems is anticipated to reach US$ 13.7 billion by 2027-end.
Over the next five years, sales of automotive ignition systems are expected to rise at a CAGR of 7.8%.
Electronic ignition systems are anticipated to account for a major market share of 35% by 2027.
Mitsubishi Electric Corporation, Continental AG, Hitachi Automotive Systems, Robert Bosch, DENSO, BorgWarner, Diamond Electric, SEM, NGK Spark Plug Co, and Wells Vehicle Electronics are major companies profiled in this Fact.MR study.
Need An Exclusive Report For Your Unique Requirement?