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Below are some of the key findings from the automotive ignition system market research report
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The increasing demand for passenger vehicle globally is expected to trigger the market’s growth in the forthcoming years. The US government's move to ease vehicle credit facilities has enabled consumers to buy large and expensive vehicles. This has led automakers to focus on increasing its passenger vehicle production. Toyota plans to move its auto production facility to Mexico by 2019 to meet the growing demand for SUVs and crossovers in North America. China and the US witnessed maximum sales of SUVs and crossovers. Car manufacturers like General Motors, Toyota, and Volkswagen launched several new SUVs, crossovers, and sedans in the US in 2017 to capture the growing passenger vehicle market. Moreover, the economic growth of BRIC nations— Brazil, Russia, India, and China—has fueled the growth of the auto industry in recent years. Thus, the increasing sales of various passenger vehicles, such as sedans, hatchbacks, minicars, sports utility vehicles (SUVs), multipurpose vehicles (MPVs), crossovers, and passenger vans, is driving the growth of the automotive ignition systems market.
The emergence of vehicles with virtual key is one of the major trends expected to gain traction in the market. Modern vehicles are equipped with advanced features such as having a virtual key. This helps the vehicle’s doors and boot to be unlocked/locked using a smartphone app run via Bluetooth based on connected car technology. Also, applications of connected car technology are also being witnessed in-vehicle remote keys, wherein the user remains connected to the vehicle with smart key fobs. Consequently, the emergence of vehicles with virtual keys will further boost the automotive ignition systems market throughout the forecast period.
The automotive ignition system market is highly fragmented with companies focusing on launching innovative products for catering the evolving end-user requirements. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this automotive ignition system industry analysis report will aid clients to identify new growth opportunities and design innovative strategies for strengthening their position in the market.
The report offers a complete analysis of various companies including:
With a complete study of the growth opportunities for the companies, the Americas will account for the highest automotive ignition system market revenue throughout the forecast period. The APAC region, however, will contribute the fastest growth in the market due to the increase in the disposable income of middle-class families in the developing countries including China and India, which, further increases the consumption of passenger cars.
The passenger cars will account for the highest automotive ignition system market growth due to the high demand in North American countries including the US and Canada. Additionally, the report also provides an accurate prediction of the contribution of the various application segments to the growth of the automotive ignition system market size.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY APPLICATION
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
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