Global Automotive Ignition Market Insights and Assessment of Growth Factors Analyzed Until the End of 2022

Posted on 2018-11-05 by Mark Hub in Automotive // 0 Comments

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Rockville, US, 2018-Nov-05 — /EPR Network/ — While stringent emission standards continue to be the stranglehold of the automotive ignition industry, a research by Fact.MR reveals that the automotive ignition system market is expected to evolve around consistent product innovations targeted at introducing the most environment-friendly technology. The automotive ignition system sales have increased by almost 25% from 2012 to 2017 and expected to cross US$ 7 billion by 2022.

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Recent EPA emission standards related to small spark-ignition engines and similar regulations across different nations continue to challenge the automotive ignition system market. However, as manufacturers thrive to align innovations to the evolving emission standards, regulations are streamlining the global ignition system production.

With the ongoing electrification of the automotive industry, the number of electronic component in the automobiles has increased significantly. The electronic ignition system has significantly replaced mechanical ignition systems owing to efficiency and improved reliability. Fact.MR research shows that electronic ignition systems are likely to dominate the ignition type segment in terms of value sales worth US$ 2.1 billion by 2022. Conventional ignition segment is expected to follow suit with the CAGR over 5%.

The study estimated that the passenger cars (PC) segment of the automotive ignition system market is at the helm with over two-fifth revenue share of the market and is poised to touch US$ 3 billion by 2022 end. Asia Pacific Excluding Japan (APEJ) is leading the value sales with the record high sales of passenger cars in the region. The heavy commercial vehicles (HCV) segment is expected to grow at a steady CAGR through 2022.

Countries including India, South Korea and China are expected to remain at the forefront of the most lucrative market of APEJ during the forecast period. Proliferating automotive parts industry against the backdrop of low labor costs and accessibility of raw materials and incremental sales of vehicles in APEJ are prime factors responsible for the robust CAGR of over 6% during the forecast period.

Despite the challenges of fluctuating fuel prices and emergence of EVs, reliance on gasoline is here-to-stay during and beyond the forecast. The research estimates the impressive dominance of gasoline ignition system with over 57% of the total market share. However, diesel ignition systems are expected to gain 41 BPS through 2022 with the proposed recovery in the diesel engine market.

Keyless Ignition – A New Entrant to Propel the Automotive Ignition System Market amid Ambiguity

Despite encountering multiple disapprovals and failures since its inception, Keyless ignition is gradually penetrating the market and is now available in a number of mainstream vehicles with turbocharged gasoline direct injection engines. Although the adoption levels remain lower owing to instances of carbon monoxide poisoning, keyless ignition is set to gain ground in the automotive ignition system market with the growing preference for convenience in modern car models. In addition, keyless ignition has come out successfully amid the past recalls related to ignition issues. Recent incidences of deaths and lack of universal standards for keyless ignition are likely to impact adoption levels. However, according to NHTSA, by following basic safety guidelines and distributor manual, vehicles with keyless automotive ignition systems are likely to be successful on roads in the coming years.

Electronic Automotive Ignition Systems to Capture Over 35% Market Share

Rapid electrification of the automotive industry against the backdrop of rising demand for electric vehicle (EVs), fluctuations in the fuel prices and stringent emission standards have led manufacturers of automotive ignition systems to shift their focus from conventional automotive ignition systems to electric automotive ignition system. With increased reliability and efficacy, electronic automotive ignition systems are expected to account for over 35% of the total market share, while competing neck-and-neck with conventional automotive ignition systems.

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Distributor-less Automotive Ignition System to Report 1.3x Expansion through 2022

In the automotive industry, distribution-less automotive ignition systems are widely adopted owing to their durability, fuel economy and emission reduction. While electronic automotive ignition systems faced challenges regarding spark-time accuracy and distributor maintenance, distributor-less ignition systems were developed as a smart automotive ignition system that delivers efficient and reliable ignition operations. With the significantly reduced maintenance of automotive ignition systems, distributor-less automotive ignition systems continue to be the preferable automotive ignition system choice of leading automakers and are estimated to account for over 5.5% CAGR during the forecast period of 2017 – 2022.

Automotive Ignition System Recalls Continue to Pose Challenges to Overall Market Progress

Reliability of automotive ignition systems is always questioned owing to the past incidences of defective automotive ignition systems and associated recalls by automotive industry titans. In the list of automotive ignition system recalls, General Motors, Nissan, Chrysler and Toyota among others are included that are highly esteemed for the reliability of their automotive parts. Thousands of passenger as well as commercial vehicles have been recalled following the issues with ignition switches. Although innovations are at the centerstage of the automotive ignition system market, automotive ignition system related recalls continue to question the reliability of innovations in the long-term in the automotive ignition system market.

Automotive Ignition System Market Evolves around Ever-Stringent Emission Standards

While emission standards continue to determine the development of the automotive industry, automotive ignition system market remains at the front of the challenges. As emissions and fuel economy are collectively influenced by the engine combustion system design, spark-ignition engines have been covered in multiple regulatory frameworks across global regions. Recently, EPA has adopted emission standards for small spark-ignition engines to control exhaust and evaporative emissions. As long as gasoline remains a preferred fuel type, stringent emission standards continue to be a determiner of the automotive ignition system market.

Competitive Landscape

The competitive landscape section of the automotive ignition system market delivers a comprehensive list of key manufacturers, distributors and suppliers. A comprehensive view of leading companies is elaborated in the company profile segment where in-detailed information on the product portfolio, recent innovation, and notable developments are discussed. Few of the profiles key players in the automotive ignition system market report include BorgWarner, Delphi Automotive LLP, Denso Corporation, Federal-Mogul, Robert Bosch, CEP Technologies Corporation, Hitachi Automotive Systems Americas, Inc., Continental AG, Wells Vehicle Electronics, Diamond Electric Mfg. Corp, and Valeo among others.

The automotive ignition system market is marked by product innovation and acquisition strategies. For instance, BorgWarner Inc., a leading automotive industry components and parts supplier has acquired Etatech’s advanced ignition technology which is expected to deliver fuel economy, reduced emissions and improved engine performance. BorgWarner has agreed to supply its single spark ignition coil technology for Daimler’s new in-line gasoline engines. Another key player in the automotive ignition system market – Denso Corporation, Japan-based leading automotive component manufacturer has announced a $1 billion expansion project at Maryville facility in the U.S.

Table of Content:

Chapter 1 Global Automotive Ignition System Market – Executive Summary 29

Chapter 2 Global Automotive Ignition System Market Overview 31
2.1 Introduction 31
2.1.1 Global Automotive Ignition System Market Taxonomy 31
2.1.2 Global Automotive Ignition System Market Definition 31
2.2 Global Automotive Ignition System Market Size (US$ Mn) and Forecast, 2012-2022 31
2.2.1 Global Automotive Ignition System Market Y-o-Y Growth 31
2.3 Global Automotive Seat Market: Macroeconomic Factors 32
2.3.1 Economic Outlook 32
2.3.2 Profitability of Enterprises 32
2.3.3 Inflation and Deflation 33
2.3.4 Increasing Purchasing Power of Middle Class 33
2.3.5 Complex Eco System 33
2.3.6 Risk Mitigation 33
2.4 Global Automotive Ignition System Market Dynamics 34
2.4.1 Drivers 34
2.4.1.1 Shift Toward Green Technology 34
2.4.1.2 Innovations in Technology 34
2.4.1.3 The Influence of China 35
2.4.1.4 Dilemma on Shift to New Technologies 35
2.4.2 Increasing R&D expenditure 35
2.5 Supply Chain 36
2.6 Cost Structure 37
2.7 Pricing Analysis 37
2.8 List of Distributors 37
2.9 Key Participants Market Presence (Intensity Map) By Region 38

Chapter 3 Global Automotive Ignition System Market Analysis and Forecast By Vehicle Type 39
3.1 Global Automotive Ignition System Market Size and Forecast By Vehicle Type , 2012-2022 39
3.1.1 PC Automotive Ignition System Market Size and Forecast, 2012-2022 39
3.1.1.1 Revenue (US$ Mn) Comparison, By Region 39
3.1.1.2 Market Share Comparison, By Region 40

Continued……………..

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