The global automotive ignition system market size in terms of value is projected to grow to $7.6 billion by 2019 at a CAGR of 6.2%.
Dallas, TX -- (SBWIRE) -- 01/21/2015 -- The report "Automotive Ignition System Market by Components (Ignition Switch, Spark Plug, Glow Plug, Ignition Coil, Ignition Control Module, Crankshaft & Camshaft Position Sensor), Ignition Type (Coil on Plug & Simultaneous) and Region - Industry Trends & Forecast to 2019" defines and segments the global Ignition System market with the analysis and forecast of the global volume and revenue.
Browse 78 market data tables and 37 figures spread through 220 pages and in-depth TOC on "Automotive Ignition System Market - Industry Trends & Forecast to 2019"
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Asia-Oceania consists of emerging and developing economies such as India, China, Japan and South Korea and is experiencing huge population growth. The key countries in the Asia-Oceania region include China, Japan, India, and South Korea. This region is estimated to be the largest market for ignition systems as it accounts for the largest share of vehicles. The end-use markets for ignition system such as passenger and commercial vehicles, are witnessing a growth in demand after a weak performance in 2008 owing to global recession.. Major suppliers such as, Denso (Japan) and Robert Bosch GmbH (Germany) are present in this region with globally established players like Robert Bosch GmbH (Germany) has a good presence in this region.
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Europe is a major established market for ignition system and is projected to witness a stable growth for the ignition system market. A major growth is estimated to be contributed from the automotive sector as the production levels in Germany, U.K. and France are estimated to increase. Europe is home to major suppliers such as Robert Bosch GmbH (Germany),) and Delphi (U.K.) which supply Ignition System to multiple OEMs.
North American region consists of U.S., Canada and Mexico and is witnessing revival in automotive industry. The growth in these markets has resulted in an increase in demand for Ignition Systems as it is an integral component of every automotive application.
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