The driving factor in global automotive ignition coil market are increasing growth in the automotive industry and development of new product and strategic partnership original equipment manufacturer. Recently In March 2021, Diamond Electric Mfg. Co. Ltd., designer, manufacturer and supplier of automotive electric components announced that they are to build a new ignition coil manufacturing plant in West Virginia, U.S. The resultant of it will increase the production capacity by 20%. The restraining factor is only high demand for electric and hybrid vehicles.
According to Coheent Market Insights, Global Automotive Ignition Coil Market was valued at US$ 2,956.64 Mn in 2021 and is expected to reach US$ 4,926.85 Mn by 2030, growing at a CAGR of 6.1 % between 2022 and 2030.
Key Companies in the Automotive Ignition Coil Industry:
1. ACDelco
ACDelco is an American automotive parts brand owned by General Motors the company was founded in 1916, headquartered in Michigan, U.S. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, and Wuling brand names.
2. BorgWarner Ludwigsburg GmbH
BorgWarner Inc. provides solutions for combustion, hybrid, and electric vehicles worldwide. The company operates through four segments: Air Management, E-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. BorgWarner Inc. was incorporated in 1987 and is headquartered in Auburn Hills, Michigan.
3. Delphi Automotive plc
It is former division of General Motors, renamed to Aptiv, founded on 2011, headquartered in Dublin, Ireland. It operates in two segment, Signal and Power Solutions, and Advanced Safety and User Experience. On October 2020, BorgWarner Inc. announced complete acquisition of Delphi Technologies.
4. Denso Corporation
DENSO Corporation develops, manufactures, and sells automotive parts in Japan, Asia, North America, Europe, and internationally. The company offers air-conditioning systems, including heat pump air-conditioning systems, refrigerant products, air-conditioning system heat exchangers, bus air-conditioning systems, automotive freezers, and cooling products, as well as heating, ventilation, and air-conditioning. The company was incorporated in 1949 and is based in Kariya, Japan.
5. Federal-Mogul Corporation
Federal-Mogul Goetze (India) Limited manufactures, supplies, and distributes automotive components for two/three/four-wheeler automobiles in India and internationally. The company provides pistons, piston rings, and wet and dry cylinder liners for a range of applications, including bi-wheelers, cars, SUVs, tractors, light and heavy commercial vehicles, stationary engines, and output locomotive diesel engines. The company was incorporated in 1954 and is based in Gurugram, India.
6. Hitachi Automotive Systems Americas, Inc
Hitachi, Ltd. was founded in 1910 and is headquartered in Tokyo, Japan. Hitachi, Ltd. provides information technology, energy, industry, mobility, and smart life solutions in Japan and internationally. The company offers information and telecommunication services, such as internet of things, storage systems, servers, software, ATMs, and scanners for manufacturing, communication, finance, healthcare and life science, energy and transportation, and distribution industries, as well as government and urban sectors.
7. Marshall Electric Corp
Marshall’s plc manufactures and supplies hard landscaping products in the United Kingdom and internationally. Marshall’s plc was founded in 1890 and is based in Halifax, the United Kingdom. On May 2022, Constellation Automotive Group has been given approval from the Financial Conduct Authority (FCA) to complete its acquisition of Marshall Motor Holdings.
8. Mitsubishi Electric Corporation
Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company was incorporated in 1921 and is headquartered in Tokyo, Japan. Mitsubishi Electric to Acquire U.S.-based Computer Protection Technology. TOKYO on February 25, 2022.
9. NGK Spark Plug Co., Ltd
NGK Spark Plug Co., Ltd., together with its subsidiaries, manufactures and sells spark plugs and related products for internal-combustion engines and technical ceramics in Japan and internationally. The company was founded in 1936 and is headquartered in Nagoya, Japan. In July 2020, NGK Spark Plugs (India) Pvt. Ltd. are launching new range of Ignition Coils in India which is suitable with BS-6 Engines & new range of spark plugs.
10. Robert Bosch GmbH
Bosch Limited manufactures and trades in automotive products in India and internationally. The company operates through Automotive Products, Consumer Goods, and others segments. It provides automotive, industrial, consumer goods, and energy and building technology products. The company was incorporated in 1951 and is headquartered in Bengaluru, India. Bosch Limited operates as a subsidiary of Robert Bosch Internationale Beteiligungen AG. In June 2022, Bosch plans to acquire the MoTeC Group, headquartered in Melbourne, Australia. MoTeC offers a wide range of motorsports technology for the customer racing market.
*Definition- Automobile’s induction or ignition coil is used to change the low voltage battery to high voltage battery which is necessary to create an electric spark. Therefore, Automotive ignition coils are also called as spark coils.
