Fact.MR has compiled a study on the automotive ignition system market and published a report titled “Automotive Ignition System Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022”. The market analysis is based on the thorough assessment of the historical data and current dynamics of the automotive ignition system market. Based on such an in-depth analysis, the automotive ignition system market is foreseen to grow at a steady pace during the forecast period
As the price of gasoline soars and environmental issues with respect to vehicle exhaust garners attention, the auto industry is furthering research on development of novel power-train systems with higher power density, less fuel consumption and improved robustness. The ignition system, being an essential part of the power-train system, plays invaluable role in system’s efficiency, robustness and exhaust pollution reduction.
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Amidst stringent emission standards, distribution-less automotive ignition systems are being embraced owing to its emission reduction, fuel economy and durability. Against the backdrop of electronic automotive ignition systems encountering confrontation with respect to distributor maintenance and spark-time accuracy, distributor-less ignition system was aptly developed as a smart automotive ignition system delivering reliable and efficient ignition systems.
OEMs segment in the automotive ignition system market is expected to dominate with over 60% market share and surpass US$ 4.2 billion by 2022. While OEM is expected to grow steadily during the forecast period, the aftermarket segment is expected to gain 71 BPS by 2022 as manufacturers capture opportunities arising from the evolving consumer preferences.
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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.
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.
Automotive Ignition 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.
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