Global Automotive Ignition System Market 2018-2022

Below are some of the key findings from the automotive ignition system market research report

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Global automotive ignition system industry overview

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.

Top automotive ignition system companies covered in this market research report

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:

• BorgWarner
• Delphi Technologies
• DENSO
• Federal-Mogul
• HELLA
• Robert Bosch

Automotive ignition system market segmentation based on geographic regions

• Americas
• APAC
• EMEA

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.

Automotive ignition system market segmentation based on application

• Passenger cars
• Commercial vehicles

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.

Key highlights of the global automotive ignition system market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the automotive ignition system market during the next five years
• Precise estimation of the global automotive ignition system market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the automotive ignition system industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of automotive ignition system companies

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