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Automotive Ignition System Market Trends

Report ID: GMI7447
Published Date: Nov 2023
Report Format: PDF

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Automotive Ignition System Market Trends

Rapid integration of advanced ignition technologies will play a key role in strengthening the automotive ignition system industry outlook. The industry is likely to witness a surge in the adoption of advanced ignition technologies, such as coil-on-plug systems, direct ignition systems, and smart ignition systems. These technologies aim to enhance fuel efficiency, reduce emissions, and improve overall engine performance. To that end, in June 2022, Transient Plasma Systems (TPS), headquartered in California, developed an innovative plasma-based ignition system capable of enhancing fuel combustion efficiency by up to 20 percent.

TPS's ignition system achieves this by generating multiple plasma pulses within the ignition module, leading to a notable improvement in the efficiency of fuel combustion. As automakers continue to prioritize efficiency and sustainability, innovative ignition technologies are expected to gain prominence.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive ignition system reached USD 9.3 billion in 2022 and is set to witness 7.5% CAGR from 2023 to 2032, strongly influenced by the ever-increasing production of vehicles worldwide.

The passenger cars segment accounted for a market share of around 47% in 2022, driven by the continuous growth in the global automotive sector and the increasing production of passenger vehicles.

Asia Pacific market share was around 35% in 2022, due to the robust growth of the automotive sector in key economies such as China, India, and Japan.

BorgWarner, Bosch Limited., Delphi Automotive LLP, Denso Corporation, Diamond Electric Holdings Co. Ltd., Hella GmbH & Co. KGaA, Hitachi Automotive Systems Ltd., Mitsubishi Electric, and Valeo Service.