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Automotive Ignition System Market Share

Report ID: GMI7447
Published Date: Nov 2023
Report Format: PDF

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Automotive Ignition System Market Share

The major companies operating in the automotive ignition system industry are:

BorgWarner
Bosch Limited.
Delphi Automotive LLP
Denso Corporation.
Diamond Electric Holdings Co. Ltd.
Hella GmbH & Co. KGaA .
Hitachi Automotive Systems Ltd.
Mitsubishi Electric
Valeo Service

Companies in this industry employ various strategies to fortify their presence. This includes investing in research and development for innovative technologies, forming strategic partnerships, expanding global distribution networks, and adhering to stringent quality standards to enhance competitiveness and meet evolving market demands.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive ignition system reached USD 9.3 billion in 2022 and is set to witness 7.5% CAGR from 2023 to 2032, strongly influenced by the ever-increasing production of vehicles worldwide.

The passenger cars segment accounted for a market share of around 47% in 2022, driven by the continuous growth in the global automotive sector and the increasing production of passenger vehicles.

Asia Pacific market share was around 35% in 2022, due to the robust growth of the automotive sector in key economies such as China, India, and Japan.

BorgWarner, Bosch Limited., Delphi Automotive LLP, Denso Corporation, Diamond Electric Holdings Co. Ltd., Hella GmbH & Co. KGaA, Hitachi Automotive Systems Ltd., Mitsubishi Electric, and Valeo Service.