During The Forecast Period (2019–2025), The Automotive Ignition Coil Market Is Expected To Register A CAGR Of Over 6.8 Percent.

In a vehicle ignition device, the ignition coil or spark coil is described as an induction coil that transforms the low voltage of the battery into thousands of volts in order to produce an electric spark in the spark plugs to ignite the fuel.

The rising demand for cars worldwide is expected to increase the demand for ignition systems. At present, however, vehicle demand is growing at a slow rate of growth due to various factors, the key factor affecting vehicle sales and production in every country being the US-China trade war, as a result of which the ignition system is likely to experience a slow rate of growth in the near future.

Automotive ignition coil market are directly proportional to the output of vehicles and the vehicle fleet. Although economic conditions have been unstable in the recent past, significant growth has been observed in the global automotive industry. As a matter of fact, as opposed to developed countries, automotive production is expected to be substantial in emerging economies. This is owing to increasing urbanisation rising per capita income and changing living standards. Therefore, during the forecast era, these factors are projected to drive the growth of the global market for automotive ignition coils.

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