About Motor Igniting Coil
The motor ignition coil task is to induce a high voltage from a low voltage. The main task of ignition coil is to reinforce the magnetic field. The ignition coil is made of insulated copper wire and a thin secondary winding is placed around the iron core. Ignition coil is used in vehicles with ignition distributor in contact controlled or transistor-controlled ignition systems and can transform the voltage in the battery to create an electric spark that can ignite the fuel. Few coils have an internal resistor while others rely on an external resistor to control the current flow in the ignition coil.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market appears to be fragmented and with the presence of several companies the competitive environment is quite intense. Igniting Coil are organized with hybrid powertrains and are used in most vehicles in the developing countries. The manufacturers of igniting coil are implementing better technologies to grow in the competitive market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Motor Igniting Coil market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hitachi Automotive Systems Americas Inc. (United States), NGK Spark Plug Co. Ltd. (Japan), Federal-Mogul Corporation (United States), BorgWarner Ludwigsburg GmbH (Germany), Delphi Automotive PLC (United States), Standard Motor Products (United States), Hitachi Automotive Systems Americas Inc. (United States), AcDelco (United States) and Marshall Electric Corp (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Wings Automobile Products Pvt. Ltd (India), Sag Harbor Industries, Inc. (United States), Mitsubishi Electric Corporation (Japan) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Motor Igniting Coil market by Type (Canister, Electronic Distributor Ignition Coils and Double Spark Ignition Coils), Application (Passenger Cars and Commercial Vehicles) and Region.
On the basis of geography, the market of Motor Igniting Coil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. OEM will boost the Motor Igniting Coil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing demand for pencil ignition coil
Market Growth Drivers:
Rising automotive production
Challenges:
Growing need for compact ignition coils
Restraints:
Increasing Demand for Electric Vehicles
Opportunities:
Growth of the automotive industry
Market Leaders and their expansionary development strategies
In October 2018, Federal-Mogul acquired by Tenneco, one of the world’s leading designers, manufacturers and marketers of Ride Performance and Clean Air products and technology solutions for automotive and commercial vehicle.
In March 2023, DENSO Products and Services Americas announced it is adding nine new part numbers to its line of aftermarket ignition coils. The new part numbers cover more than 9 million vehicles in operation, expanding DENSO’s portfolio of high-performance ignition coils to fit more than 218 million cars and trucks on the road.
Key Target Audience
Manufacturers of vehicles, Suppliers of automotive parts, Wholesalers, distributers and retailers of automotive parts and Automotive industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.