Automotive ignition coil, also known as spark coils, in a vehicle is an induction coil responsible for producing an electric spark that ignites the air and gasoline mixture in compression chamber, which helps in the vehicle movement. These coils help in smooth and efficient operation of the engine. Few coils include an internal resistor, while others depend on an external resistor to limit the current flow in the ignition coil. Earlier, every ignition coil system required mechanical contact breaker points and a capacitor (condenser) but now electronic ignition systems use a power transistor to provide pulses to the ignition coil. This has influenced the Vehicle ignition coil market.
A modern passenger automobile may use one ignition coil for each engine cylinder (or pair of cylinders), eliminating fault-prone spark plug cables and a distributor to route high voltage pulses. Ignition systems are not required for diesel engines, which rely on compression to ignite the fuel/air mixture. There has been a demand for compact ignition coils for engine downsizing, as engine downsizing improves fuel efficiency and reduces carbon emissions. Engine downsizing involves integration of a smaller engine in a vehicle which is capable of delivering power equivalent to a larger engine with the help of technologies such as a turbocharger or supercharger and direct injection technology. This is achieved by reducing the capacity of the engine and the number of cylinders. Vehicle with a smaller engine capacity makes vehicle light in weight and agile, reducing the overall weight of the vehicle.
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The factors that drive the vehicle ignition coil market growth include increase in the automotive demand due to increasing urbanization, disposable income growth in emerging economies, increase in technological development and advancements toward enhancing efficiency of automobiles, and demand for advanced ignition coils due to stringent emission and fuel efficiency norms. In addition, the increase in need for compact ignition coils due to engine downsizing, rising air pollution, increase in adoption and sales of electric vehicles, technological advancements toward solar energy powered vehicles, growing and demand for vehicles that do not utilize ignition coils are the factors that restrain the growth of the vehicle ignition coil market. However, increasing sales and adoption of electric vehicles is expected to create opportunities for the market.
The major companies profiled in the vehicle ignition coil market share include ZF Friedrichshafen AG, Valeo SA, NGK Spark Plug, Robert Bosch, BorgWarner, Marshall Electric Corp, Delphi Automotive LLP, Continental AG, Standard Motor Products, Mitsubishi Electric Corporation, and others.
The vehicle ignition coil market is segmented on the basis of type, vehicle type, distribution channels, and region. By type, it is categorized into compression ignition, spark ignition, battery, and others. On the basis of vehicle type, the market is classified into passenger vehicles, Light Commercial Vehicle (LCV), and Heavy Commercial Vehicle (HCV). By distribution channel it is bifurcated into OEMs and third-party. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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KEY BENEFITS FOR STAKEHOLDERS
- This study comprises analytical depiction of the vehicle ignition coil market with current trends and future estimations to depict the imminent investment pockets.
- The overall potential is determined to understand the profitable trends to gain a stronger foothold vehicle ignition coil industry.
- The Vehicle ignition coil market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market forecast is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
VEHICLE IGNITION COIL MARKET KEY SEGMENTS
By Type
- Compression Ignition
- Spark Ignition
- Battery
- Others
By Vehicle Type
- Passenger Vehicles
- light commercial Vehicles (LCV)
- Heavy commercial vehicles (HCV)
By Distribution Channel
- OEMs
- Third-party
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