Global Automotive Ignition System Market 2018-2022 | Key Insights | Technavio

November 8, 2018

LONDON--(BUSINESS WIRE)--Nov 8, 2018-- analysts forecast the global automotive ignition system market to grow at a CAGR of nearly 4% during the forecast period, according to their latest market research report. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181108005764/en/

Technavio analysts forecast the global automotive ignition system market to grow at a CAGR of nearly 4% during the forecast period, 2018-2022. (Graphic: Business Wire)

The development of pencil and stick-type ignition coil is one of the major trends being witnessed in the . Pencil ignition coils use full electronic ignition as they are attached directly to the spark plug. With this arrangement, a high voltage pulse is generated directly at the spark plug. The advantage of pencil ignition coil is that there is no cable loss. Moreover, its compact design is compatible with almost all engine types.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global automotive ignition system market is the increasing demand for passenger vehicles globally:

Global automotive ignition system market: Increasing demand for passenger vehicles globally

The increasing sales of various passenger vehicles, such as sedans, hatchbacks, minicars, sports utility vehicles, multipurpose vehicles, crossovers, and passenger vans, is driving the growth of the automotive ignition systems market. Sedan and hatchback segments contribute significantly to the global passenger vehicle market. Countries such as China and the US witnessed maximum sales of SUVs and crossovers.

According to a senior analyst at Technavio for research on automotive electronics, “The US government’s policy to ease vehicle credit facilities has enabled consumers to buy large and expensive vehicles. Automobile manufacturers are focused on increasing their passenger vehicle production. The economic growth in BRIC nations has also fueled growth in the auto industry. In countries such as China, the passenger vehicle segment is growing steadily with maximum contribution from the SUV and crossover segments.”

Global automotive ignition system market: Segmentation analysis

The global automotive ignition system market research report provides market segmentation by application (passenger cars and commercial vehicles) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The passenger cars segment held the largest market share in 2017, accounting for nearly 78% of the market. This application segment is expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of nearly 54%. This region is expected to dominate the market through 2022, with an increase in its market share by nearly 2%.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20181108005764/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200




SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 11/08/2018 12:49 PM/DISC: 11/08/2018 12:49 PM


Update hourly