Exploring the Automotive Ignition Coil market with an outlook from 2023 to 2030 reveals a diverse landscape. It caters to various vehicle types, including passenger cars, commercial vehicles (both light and heavy), and two-wheelers. Ignition solutions encompass pencils, canisters, electronic coils, and more. Sales channels cover both OEMs and aftermarket segments, offering a comprehensive perspective on this dynamic industry.
Westford,USA, Jan. 12, 2024 (GLOBE NEWSWIRE) -- The global Automotive Ignition Coil market size is expected to reach USD 14.76 billion by 2030 and exhibit a CAGR of 3.8% in the forecast period (2023−2030), according to Skyquest's latest research report. The increasing demand for vehicles, especially passenger cars, the growth of the automotive aftermarket industry, the need for fuel-efficient and low-emission vehicles, technological advancements in ignition systems, and the expansion of the global automotive industry are fueling the market's growth.
According to SkyQuest's latest global research of the Automotive Ignition Coil market, the increasing adoption of lightweight materials for improved efficiency and reduced emissions, the shift towards electric and hybrid vehicles, the development of high-energy ignition coils for enhanced engine performance, and the integration of advanced electronic components for ignition system control are the trends that aid in the market's growth.
Browse in-depth TOC on "Automotive Ignition Coil Market"
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Pages - 157
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Tables - 89
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Figures -76
An automotive ignition coil is a transformer that converts the 12-volt battery voltage to a high voltage of up to 30,000 volts. This high voltage is needed to create the spark that ignites the air-fuel mixture in the engine's combustion chambers.
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Prominent Players in Automotive Ignition Coil Market
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Denso Corporation
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Robert Bosch GmbH
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Hitachi Automotive Systems Ltd.
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Hella GmbH & Co. KGaA
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Diamond Electric Holdings Co. Ltd.
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NGK SPARK PLUG Co. Ltd.
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Mitsubishi Electric Corporation
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BorgWarner Inc.
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Eldor Corporation
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Furuhashi Auto Electric Parts Co. Ltd.
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Taiwan Ignition System Co. Ltd.
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Valeo SA
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Federal-Mogul Corporation
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Sumitomo Electric Industries, Ltd.
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Delphi Automotive Systems
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Continental AG
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Magneti Marelli S.p.A.
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Delphi Technologies
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IAC Group
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Marelli Holdings Co., Ltd.
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ASMO
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ZF Friedrichshafen AG
Report Scope & Segmentation:
| Attributes | Details |
| Forecast Period | 2023-2030 |
| Market Size in 2022 | 10.95 Billion |
| 2030 Value Projection | 14.76 Billion |
| CAGR | 3.8% |
| Segments Covered |
passenger cars, commercial vehicles (including light commercial vehicles and heavy commercial vehicles), and two-wheelers
pencil ignition coils, canister ignition coils, electronic ignition coils, and others
OEMs and aftermarkets |
| Regions Covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Coil-on-Plug Ignition Coil Demand to Grow Substantially in the Forecast Period
Coil-on-Plug Ignition Coils dominate the global online market as they are known for their advanced technology and design, which allows for efficient ignition and precise timing of the spark in each cylinder. COP ignition coils offer improved engine performance, including better fuel efficiency, reduced emissions, and increased power output. These benefits are highly desirable for both manufacturers and consumers.