Global Automotive Ignition Coil Market By Type (Block Ignition Coils, Coil on Plug, and Ignition Coil Rail) By Operating Principle (Single Spark Technology and Dual Spark Technology) By Distribution Channel (OEM and Aftermarket) By Vehicle Type (Passenger Cars and Commercial Vehicles) Growth, Future Prospects & Competitive Analysis, 2016 – 2030

Key Highlights of the report

How are the major segments performing in the Automotive Ignition Coil market?

• In 2022, the coil on plug system accounted for the largest market share as it repeatedly provides between 30 and 60 thousand volts to the spark plug every minute.
• In 2022, the single spark technology will accommodate the largest market share during the forecast period owing to increased reliability.
• In 2022, the passenger car segment was anticipated to hold a prominent share in the global automotive ignition coil market regarding people’s concern over rising pollution levels and their affordable operating costs are driving up demand.
• In 2022, the aftermarket segment will dominate the global market during the forecast period. It can be credited to several customers and coil manufacturers putting the most cutting-edge automotive ignition coil in the cars.

Which region dominated the Automotive Ignition Coil market?

In 2022, the Asia Pacific region was anticipated to hold a prominent share in the global automotive ignition coil market. Large populations in nations like China and India, which account for more than 38% of the world’s population, contribute to this region’s rise. Also, several positive government initiatives to revitalize the automotive sector are anticipated to spur market expansion in these areas. Additionally, it is predicted that rising urbanization and smart cities will hasten the growth of the vehicle ignition coil market.

How is US Market Performing in the Automotive Ignition Coil market?

In 2022, the United States region was anticipated to hold a prominent share of the global automotive ignition coil market due to increased auto sales and rising consumer demand for a comfortable driving environment and an air-purifying commute. Technological advanced infrastructure and technology behemoths can also be held responsible for the market’s expansion.

How is the economy impacting the global Automotive Ignition Coil growth?

In 2022, many expect US inflation to reach 40%, prompting the Federal Reserve to hike interest rates and tighten money supply regulations aggressively. A recession has always followed this in financial history. Analysts forecast a US recession in 2023 because of economic clouds. Financial sanctions, commodities prices, and supply chain interruptions from the Russia-Ukraine conflict will impact the global economy. The US and EU sanctioned the Central Bank of Russia last February. These sanctions will prevent the CBR from accessing half its USD 643 billion in international exchanges.

What is the competitive environment of the Automotive Ignition Coil market?

The major companies in the market for ignition coils hold a dominant position since the demand for each variety of coils is greatest in its corresponding region. The market expansion is driven by the increasing number of people living in metropolitan areas, rising automobile sales, and the convenience of obtaining the system. In addition, enterprises active in the region have made significant investments in the study and development of new products, resulting in the export of innovative goods to other countries. Many businesses are also taking an active part in making Asia stronger by concentrating on various growth tactics, including mergers and acquisitions, investments, and collaborations. For example, BorgWarner invested in Enexor BioEnergy, LLC, in August 2021. With an investment of 10 million dollars, BorgWarner has acquired a portion of the company.

Executive Summary

What are the key trends in the Automotive Ignition Coil market?

• Automakers recognized the need for vehicles from consumers and began implementing the improvements in the new, incoming vehicle models. Customers in emerging nations are more likely to use the deluxe amenities in cars
• Furthermore, businesses in the ignition coil industry are implementing methods to expand their operations with cutting-edge technologies. For instance, BorgWarner has implemented plug-top technology of ignition coils with integrated electronics during the past five years, enhancing engine performance and increase fuel efficiency while lowering emissions.

How do Automotive Ignition Coils Work?

All modern gasoline engine ignition systems utilize ignition coils for the same fundamental purpose: to generate the high voltage required to produce a spark at the spark plug. Aftermarket professionals will be familiar with their purpose and basic attributes – but they may not know about the in-depth scientific principles they rely on. Ignition coils use the interactions between electricity and magnet to achieve the needed high voltages. A magnetic field is produced when an electric current travels through an electrical conductor, such as a coil of wire. The magnetic field (or, more properly, magnetic flux) is a store of energy that may be turned back into electricity. During the initial activation of the electric current, the current flow quickly reaches its maximum value. Simultaneously, the magnetic field or flux will gradually increase to its maximum strength and stabilize once the electric current is stable. When the electric current is switched off, the magnetic field will collapse towards the coil of wire.

There are two main factors that affect the strength of the magnetic field:

1) Raising the current being delivered to the coil of wire enhances the magnetic field

2) The higher number of windings in the coil, the stronger the magnetic field.

Which are the key investments by the Automotive Ignition Coil market players?

Major market participants for automotive ignition coils are implementing growth strategies, including acquisitions and partnerships, to increase their global footprint. They are also working. Additionally, well-known vehicle ignition coil producers are working on cutting-edge business expansion strategies. For instance, in March 2020, To support Honda and Acura models from 2012 to 2018, Denso Corp. added four additional coil-on-plug (COP) product codes to its lineup of aftermarket ignition coils. With 136 distinct high-performance ignition coil component numbers currently available, Denso can supply ignition coils for more than 6 million current road vehicles.

Some major players in the automotive ignition coil market are NGK SPARK PLUG Co. Ltd, Denso Corporation, Robert Bosch GmbH, Hitachi Ltd, HELLA GmbH & Co. KgaA, Diamond Electric Holdings Co. Ltd, Taiwan Ignition System Co. Ltd, BorgWarner Inc., Eldor Corporation, and Furuhashi Auto Electric Parts Co. Ltd.

What are the Major Driving Factors for the Automotive Ignition Coil Market?

Sales and manufacture of internal combustion engine (ICE) cars dominated before the spread of COVID-19. Experts believe that trend will continue in those places where the virus has been vaccinated against. The demand for vehicles with high-end amenities is growing as people become more aware of, or perhaps prefer, the convenience of having their transportation. Increased market share is a direct result of higher car production. Companies are also active in innovation by employing cutting-edge features like the new integrated ignition coil for high-performance car cylinders. Growth in the worldwide automotive ignition coil market is expected to be spurred by the fact that these coils boost fuel economy and overall vehicle efficiency. In addition, numerous producers of ignition and spark coils are adapting to the new dynamic and investing extensively to synchronize their products’ frequencies with the system’s high-tech sensors. Increases in disposable income, industrialization, purchasing power per capita, and quality of life will all contribute to a global increase in the demand for new car sales and manufacturing. Due to growing environmental sustainability concerns, automotive manufacturers are encouraged to implement many adjustments in the production of passenger and commercial cars. Because of this, lightweight technologies are becoming extremely popular with automakers as a means of reducing carbon emissions. As a result, more people are choosing to drive electric cars (EVs) and plug-in hybrids, particularly in China, the USA, and Germany. Moreover, lighter vehicles can achieve greater fuel efficiency, which has led to an increase in the use of electric vehicles.

What are the Major Risks for the Automotive Ignition Coil Market?

Because they require less maintenance, accelerate more quickly, and use less energy, electric vehicles are preferred by consumers worldwide. The governments of various nations are also providing several incentives to consumers and enforcing rules on fuel-efficient vehicles. While these coils are not used in EV operations, the anticipated increase of electric vehicles in the upcoming years will impede the expansion of these coils. Also, the cost of maintaining and repairing ignition coils is marginally higher. Furthermore, because it is mounted on the hotter section and is more likely to vibrate, their risks of failure are increased. Thus, it is anticipated that these factors will greatly impact the expansion of the automotive spark coil market.

Which is the key application in the Automotive Ignition Coil market?

The coil on plug segment is expected to hold a major share of the global automotive ignition coil market during the forecast period. Coil-on-plug systems efficiently transfer the ignition spark to the fuel in the combustion chamber. It’s common to send anywhere from 30,000 to 60,000 volts to the spark plug. The coil-on-plug boot is what connects the coil to the spark plugs. It is expected that this industry will continue to have the largest market share because of the reduced voltage loss from the coil to the pin. With fewer wires and no distributor rotor to block airflow, the ECU can diagnose misfires with injector control.

How is the Automotive Ignition Coil market performing in regions?

Due to numerous auto manufacturers, Europe took the second-highest spot on the global market, with Germany leading the way. Using cutting-edge technologies in IC engines and expanding vehicle production will further help this region’s market flourish. According to Verband der Automoilindustrie, 378,669 passenger automobiles were produced in Germany in March 2021, a 31% increase over the previous month. As a result, automakers produce more cars, widely utilizing ignition coils to increase engine performance and lower emissions. An higher level of performance and optimal combustion are provided by a double spark coil, both vibration and fuel economy. In addition to the increased use of double spark coils, German manufacturers have shown a growing propensity for product introductions.

What is the regulatory landscape for the Automotive Ignition Coil market?

A pulse transformer was created to raise the generator’s low primary voltage to the high tension voltage needed to jump the spark plug gap in the combustion chamber. A self-tapping screw or sharply pointed terminal must be placed in the coil and molded into the coil for installing HT cables or cables.

What is the Market Size of Automotive Ignition Coil regarding value?

The global automotive ignition coil market is anticipated to grow at a substantial CAGR of 3.2% in the upcoming years. The global Automotive Ignition Coil industry was estimated to be worth USD 10.8 billion in 2022 and was expected to be worth USD 13.4 billion by 2028.

What are the major players planning for the future of the Automotive Ignition Coil market?

The companies are introducing more cutting-edge ignition coils and increasing their geographic reach to stay ahead of the competition. For instance, In May 2021, Diamond Electric Mfg. Co. Ltd. stated that it would construct a new West Virginia, United States plant to produce automotive ignition coils. The production capacity of ignition coils in the United States will be increased by 20%. The new US factory has a construction area of 12,263 square meters. In addition to Ford’s existing North American production bases, the primary supply destinations are Japanese automobile manufacturers’ North American production bases. In May 2021, DENSO presented its newest ignition coils to the market. DENSO Products and Services Americas expanded its selection of replacement ignition coils. DENSO now offers four new coil-on-plug (COP) part numbers constructed from superior-quality materials. The coils offer maximum available voltage under all operating conditions, ease of installation, and reliability that ensures high temperature reduces noise and prevents phantom misfires.

Segmentation of Global Automotive Ignition Coil Market-

Global Automotive Ignition Coil Market – By Types

• Block Ignition Coils
• Coil on Plug
• Ignition Coil Rail

Global Automotive Ignition Coil Market – By Operating Principle

• Single Spark Technology
• Dual Spark Technology

Global Automotive Ignition Coil Market – By Distribution Channel

• OEM
• Aftermarket

Global Automotive Ignition Coil Market – By Vehicle Type

• Passenger Cars
• Commercial Vehicles

Global Automotive Ignition Coil Market – By Region

• North America
  • US.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa