DUBLIN, Apr. 24, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/mrjqzs/automotive) has announced the addition of the "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" report to their offering.
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%.
The ignition system which is used in all transportation applications forms an integral component to provide the starting power to the electrical and mechanical components used in these applications. Automotive ignition systems continued to evolve from the 1950's, the automobile manufacturers began to use semiconductor devices the predecessors of today's electronic components as standard equipment. Transistorized ignition was the first step in this direction, and was followed by a variant in which the mechanical contact was replaced by an electronic pulse generator, known as the Hall generator. Today, the high voltage is commonly generated by individual coils, which transmit power directly to the spark plugs.
U.S. new-car sales have been rising as a consequence of improving economy, generous incentive spending and increased demand for trucks and sport-utilities have lifted the annualized selling pace to an unprecedented high. Robust manufacturing, new housing strength and rising employment have been seen as the reasons for continued optimism. Western Europe car sales are expected to recover from the long slump with a two or three per cent gain in medium term. However, the torrid period since the global financial crash has seen the disappearance of more than 2-1/2 million sales every year in Western Europe.
Asia-Oceania and North America are growing at a good pace owing to the increase in automotive production and demand for vehicles in these regions. Increase in purchasing power and low penetration of automobiles in emerging nations such as China, Brazil and India has resulted in an increase in demand for personal transportation. Asia-Oceania is estimated to be the largest market for ignition systems and is projected to grow at a highest rate from 2014 to 2019.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Global Ignition System Market, By Geography
8 Global Ignition System Market, By Component
9 Global Ignition System Market, By Ignition Type
10 Competetive Landscape
11 Company Profiles
- CEP Technologies
- Delphi Automotive LLP
- Denso Corporation
- Federal-Mogul Corp.
- Hitachi Automotive Systems
- Mitsubishi Electric Corporation
- Robert Bosch GMBH
- Visteon Corporation
- Wings Automobile Products Pvt. Ltd.
For more information visit http://www.researchandmarkets.com/research/mrjqzs/automotive
Media Contact: Laura Wood , +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets