Global Automotive Ignition Coil Market Top Leading Players with Strategies and Forecast 2022-2028

The global automotive ignition coil market is anticipated to grow at a CAGR of 4.2% during the forecast period (2022-2028). An ignition coil is an induction coil in an automobile’s ignition system that transforms the battery’s voltage to the thousands of volts needed to create an electric spark in the spark plugs to ignite the fuel. The market growth is majorly attributable to the advantages offered by the automotive ignition coil such as the excellent performance and high power resulting in its increased demand across the globe. This has also resulted in an increase in the sales of luxury vehicles across the globe. The growth of the market is also attributed to the growing product launches by various players. For instance, in January 2021, DENSO introduced its newest ignition coils to the market. DENSO now offers four new coil-on-plug (COP) part numbers built with top-grade materials. The coils offer maximum available voltage under all operating conditions, ease of installation, and reliability that ensures high temperature suppresses noise and eliminates phantom misfires.

Some key players operating in the market include Denso Corp., Hella GmbH & Co. KGaA, and Robert Bosch GmbH, among others. The market players are eyeing on strengthening their position in the market by adopting various strategies as mergers and acquisitions, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in March 2021, Diamond Electric Mfg. Co. Ltd announced that it would build a new plant in West Virginia, USA, to manufacture ignition coils for automobiles. The production capacity of ignition coils in the US will be increased by 20%. The new US plant has a building area of 12,263 square meters.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-

• By Type
• By Operating Principle
• By Distribution Channel
• By Vehicle Type

• Regions covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape: Denso Corp., Hella GmbH & Co. KGaA, and Robert Bosch GmbH, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?

• Deviation from the pre-COVID-19 forecast
• Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Automotive Ignition Coil Market Report by Segment

By Type

• Block Ignition Coils
• Coil On Plug
• Ignition Coil Rail

By Operating Principle

• Single Spark Technology
• Dual Spark Technology

By Distribution Channel

• OEM
• Aftermarket

By Vehicle Type

• Passenger Cars
• Commercial Vehicles

Global Automotive Ignition Coil Market Report by Region

North America

• US
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East and Africa