Global Automotive Ignition Coil Market – Global Industry Analysis And Forecast (2019-2026)

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Global Automotive Ignition Coil Market – Global Industry Analysis and Forecast (2019-2026)

Global Automotive Ignition Coil Market was valued at US$ 2.57Bn in 2019 and is estimated to reach US$ 4.1Bn by 2026 at a CAGR of 6.92% during a forecast period.

The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

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Global Automotive Ignition Coil Market Dynamics

An ignition coil, also known as a spark coil, transforms the battery's low voltage to high voltage, which is necessary to produce the electric discharge in spark plugs to ignite the fuel. Few coils have an internal resistor, while others rely on an external resistor to limit the current flow in the ignition coil.

An increase in automobile sale globally resulted to be the major driver for the growth of the ignition coil market. The global automotive industry has witnessed satisfactory growth, especially in the case of emerging economies, for instance, India, Thailand, Mexico, and Indonesia. Growing urbanization, rise in per capita income, and standard of living in these countries are contributing to the growth of the automotive industry. The increasing need for compact ignition coils due to engine downsizing is one of the challenges of the market.
Global Automotive Ignition Coil Market Segment Analysis

The ignition switch segment is widely used in the automotive ignition coil market. An ignition switch also called a starter switch controls a system of a motor vehicle that activates the main electrical system for the vehicle, including accessories such as radio, power windows, etc. Powered by internal combustion engines, the switch provides power to the solenoid and the ignition system components, with the engine control unit and ignition coil and is frequently combined with the start switch which activates the starter motor.
Global Automotive Ignition Coil Market Regional Insights

Region-wise, Asia-Pacific is one of the leading revenue generators of the automotive ignition coil market globally followed by North America and Europe. China, Japan, and India are considered as the major market for investments because of the rising demand for vehicles and growing economies. Increasing demand for automobile ignition coil system is expected to rise in Germany and the United Kingdom.

Global automotive ignition coil market report includes PESTLE analysis, competitive landscape, and Porter’s five force model. Market attractive analysis wherein all the segments are benchmarked based on the market size, growth rate, and general attractiveness.
Global Automotive Ignition Coil Market, Key Highlights:

• Global Automotive Ignition Coil Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Automotive Ignition Coil Market
• Global Automotive Ignition Coil Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Automotive Ignition Coil Market strategic analysis with respect to individual growth trends, future prospects along the contribution of various sub-market stakeholders have been considered under the scope of the study.
• Global Automotive Ignition Coil Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Automotive Ignition Coil Market are also profiled.
Global Automotive Ignition Coil Market Scope: Inquire before buying

Global Automotive Ignition Coil Market, by Component

• Ignition Switch
• Spark Plug
• Glow Plug
• Ignition Coil
• Ignition Control Module
Global Automotive Ignition Coil Market, by Ignition type

• Coil on Plug
• Simultaneous
Global Automotive Ignition Coil Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Automotive Ignition Coil Market Key Players

• Marshall Electric Corp
• Delphi Automotive LLP
• BorgWarner Inc.
• Continental AG
• DENSO Corporation
• Federal-Mogul Corporation
• Hitachi Automotive Systems Americas, Inc.
• Standard Motor Products
• Mitsubishi Electric Corporation
• NGK Spark Plug Co., Ltd.
• Nissan Motor Co., Ltd
• Robert Bosch GmbH
• AcDelco
• Toyota
• Valeo SA
• Woodward, Inc.

For More Information Visit @:https://www.maximizemarketresearch.com/market-report/global-automotive-ignition-coil-market/22540/

                                    

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