Ignition Coil Market - Trends Forecast Till 2028

Market Overview

The global Ignition Coil Market size is projected to reach a CAGR of 5.1% from 2021-2028.

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.

Increase in vehicle production, rise in disposable income, and surge in sales of luxurious vehicles in developing countries are some of the factors that have supported long-term expansion for Ignition Coil Market.

The unprecedented outbreak of COVID-19 restricted the sales of automotive ignition coils as the automotive industry witnessed a slight setback in 2020.

Regional Analysis

The U.S. is expected to spearhead the growth of North America automotive ignition coil market. Sales of automotive ignition coils in U.S. are surging on the back of increasing production of passenger cars and higher focus on reducing carbon emission.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• Federal-Mogul Corporation
• NGK Spark Plug Co. Ltd.
• BorgWarner Ludwigsburg GmbH
• Valeo SA
• Robert Bosch GmbH
• Delphi Automotive PLC
• Hitachi Automotive Systems Americas Inc.
• Mitsubishi Electric Corporation
• Standard Motor Products
• Marshall Electric Corp
• AcDelco

Recent Developments

• In January 2021 DENSO introduced its newest ignition coils to the market. DENSO Products and Services Americas has expanded its line of aftermarket ignition coils. DENSO now offers four new coil-on-plug (COP) part numbers built with top-grade materials the coils offer maximum available voltage under all operating conditions, ease of installation, and reliability that ensures high temperature suppresses noise and eliminates phantom misfires.
• In December 2020, NGK Spark Plugs (U.S.A.) recently announced an agreement with Advance Auto Parts to carry NGK ignition coils and NTK technical sensors at all Advance and Carquest locations, including online.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Ignition Coil Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope