Automotive Ignition Market Value Projected to Expand by 2017 to 2022
This report provides prognosis and analysis of the automotive ignition market. It offers historical data along with forecast data for 2022.
[USPRwire, Sat Apr 13 2019] In order to dissert the market scenario prevailing across the automotive ignition market sector, FactMR has evenly presented a new examination titled “Automotive Ignition Market Value Projected to Expand by 2017 to 2022 | Key Players are Denso Corporation, Federal-Mogul, Robert Bosch, CEP Technologies Corporation, etc.”, to its extensive online repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the automotive ignition market in the coming years. In addition, factors such as market size, Y-o-Y growth and revenue share are investigated so as to make this research highly authentic and reliable.
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Conventional automotive ignition systems continue to face challenges in terms of providing fuel efficiency and reduced gas emissions. On the other end, laser ignition system has been studied to deliver greater ignition operations while occupying significantly smaller space than conventional spark plugs. As laser automotive ignition systems hold potential to accurately address emission issues, R&D efforts are underway to completely fathom the laser ignition technology for fuel mixtures and multiple combustion conditions. While the laser ignition technology is expected to reach maturity, investments by automotive manufacturers will determine its future potential to substitute conventional spark plug ignition in the automotive ignition system market.
Despite encountering multiple disapprovals and failures since its inception, Keyless ignition is gradually penetrating the market and is now available in a number of mainstream vehicles with turbocharged gasoline direct injection engines. Although the adoption levels remain lower owing to instances of carbon monoxide poisoning, keyless ignition is set to gain ground in the automotive ignition system market with the growing preference for convenience in modern car models. In addition, keyless ignition has come out successfully amid the past recalls related to ignition issues. Recent incidences of deaths and lack of universal standards for keyless ignition are likely to impact adoption levels. However, according to NHTSA, by following basic safety guidelines and distributor manual, vehicles with keyless automotive ignition systems are likely to be successful on roads in the coming years.
Rapid electrification of the automotive industry against the backdrop of rising demand for electric vehicle (EVs), fluctuations in the fuel prices and stringent emission standards have led manufacturers of automotive ignition systems to shift their focus from conventional automotive ignition systems to electric automotive ignition system. With increased reliability and efficacy, electronic automotive ignition systems are expected to account for over 35% of the total market share, while competing neck-and-neck with conventional automotive ignition systems.
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In the automotive industry, distribution-less automotive ignition systems are widely adopted owing to their durability, fuel economy and emission reduction. While electronic automotive ignition systems faced challenges regarding spark-time accuracy and distributor maintenance, distributor-less ignition systems were developed as a smart automotive ignition system that delivers efficient and reliable ignition operations. With the significantly reduced maintenance of automotive ignition systems, distributor-less automotive ignition systems continue to be the preferable automotive ignition system choice of leading automakers and are estimated to account for over 5.5% CAGR during the forecast period of 2017 – 2022.
Reliability of automotive ignition systems is always questioned owing to the past incidences of defective automotive ignition systems and associated recalls by automotive industry titans. In the list of automotive ignition system recalls, General Motors, Nissan, Chrysler and Toyota among others are included that are highly esteemed for the reliability of their automotive parts. Thousands of passenger as well as commercial vehicles have been recalled following the issues with ignition switches. Although innovations are at the centerstage of the automotive ignition system market, automotive ignition system related recalls continue to question the reliability of innovations in the long-term in the automotive ignition system market.
While emission standards continue to determine the development of the automotive industry, automotive ignition system market remains at the front of the challenges. As emissions and fuel economy are collectively influenced by the engine combustion system design, spark-ignition engines have been covered in multiple regulatory frameworks across global regions. Recently, EPA has adopted emission standards for small spark-ignition engines to control exhaust and evaporative emissions. As long as gasoline remains a preferred fuel type, stringent emission standards continue to be a determiner of the automotive ignition system market.
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