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Automotive Ignition System - Global Market Trajectory & Analytics

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  • 275 Pages
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5140901
Global Automotive Ignition System Market to Reach $41.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Ignition System estimated at US$34.6 Billion in the year 2020, is projected to reach a revised size of US$41.2 Billion by 2027, growing at a CAGR of 2.6% over the analysis period 2020-2027. Compression Ignition System, one of the segments analyzed in the report, is projected to record a 2.4% CAGR and reach US$8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Coil-On-Plug Ignition System segment is readjusted to a revised 2.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $9.3 Billion, While China is Forecast to Grow at 4.8% CAGR

The Automotive Ignition System market in the U.S. is estimated at US$9.3 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$8.2 Billion by the year 2027 trailing a CAGR of 4.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.

Simultaneous Ignition System Segment to Record 2.4% CAGR

In the global Simultaneous Ignition System segment, USA, Canada, Japan, China and Europe will drive the 2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$12.7 Billion in the year 2020 will reach a projected size of US$14.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.6 Billion by the year 2027, while Latin America will expand at a 3.2% CAGR through the analysis period.

Select Competitors (Total 41 Featured):
  • Aptiv PLC
  • BorgWarner, Inc.
  • Continental AG
  • Denso Corporation
  • Diamond Electric Mfg. Co., Ltd.
  • Hitachi Ltd.
  • Mitsubishi Electric Corporation
  • Moran Motorsports, Inc.
  • NGK Spark Plug Co., Ltd.
  • Robert Bosch GmbH
  • Tenneco, Inc.
  • Valeo SA
  • Woodward, Inc.
Frequently Asked Questions about the Global Market for Automotive Ignition System

What is the estimated value of the Global Market for Automotive Ignition System?

The Global Market for Automotive Ignition System was estimated to be valued at $34.6 Billion in 2020.

What is the growth rate of the Global Market for Automotive Ignition System?

The growth rate of the Global Market for Automotive Ignition System is 2.5%, with an estimated value of $41.2 Billion by 2027.

What is the forecasted size of the Global Market for Automotive Ignition System?

The Global Market for Automotive Ignition System is estimated to be worth $41.2 Billion by 2027.

Table of Contents


  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession


  • Total Companies Profiled: 41