[136 Pages Report with Detailed Analysis] Automotive Ignition Market (Description) : Automotive ignition system is a system for igniting a fuel-air mixture which is used in gasoline vehicles. The goal of ignition system is to ignite the fuel at exactly the right time so that the expanding gases can do the maximum amount of work. If the ignition system fires at the wrong time, power will fall and gas consumption and emissions can increase.
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Automotive Ignition estimated at USD million in the year 2022, is projected to reach a revised size of USD million by 2028, growing at a CAGR of % during the forecast period 2022-2028.
Automotive ignition system comprises of spark plug, ignition coil, and other components.
Demand from the downstream brings a power to the development of automotive ignition system industry. USA and Europe are the major market of automotive ignition system. In recent years, growing China market became an important market of automotive ignition system. Viewed from the supply side, there are many manufacturers in the automotive ignition system industry, while from the demand side, the current demand for automotive ignition system is growing.
Top Key players:
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