Global Automotive Ignition Systems Market was valued at US$ 7.98 Bn 2020 and is expected to reach US$ 13.56 Bn by 2027, at a CAGR of 7.3 % during a forecast period.
Major players in the market who are developing the new modifications in ignition systems includes Denso, Bosch, Delphi, Borg Warner, Tenneco, Hitachi, NGK, Yura, Mitsubishi, Spark Tronic and SOGREAT.
Oct 2020- BorgWarner, a global leader in clean and efficient technologies for combustion, hybrid and electric vehicles, has developed an upgraded version of its S410 turbocharger for the Mercedes-Benz Novo Actors extra heavy truck. The new turbocharger equips the famous OM 460 engine from Mercedes-Benz in the 3 power versions. This upgraded turbocharger also provides better compressor efficiency, with reduced air compression temperature and fuel consumption. Better engine performance and reduced emissions.
DENSO Corporation has developed a new generation battery-monitoring integrated circuit (IC) for lithium-ion batteries. The IC increases the efficiency with which electric and a hybrid vehicle use their batteries, improve fuel efficiency and extends driving range. It is the world’s first IC that can accurately detect battery voltage while monitoring multiple cells, a new capability compared to conventional ICs. This product is used in the Toyota Yaris, released in February 2020, and will be featured in future electric vehicles equipped with lithium-ion batteries. To help address societal issues such as global warming, air pollution, and resource and energy shortages, it is crucial to accelerate the spread of electric vehicles, including hybrid vehicles and battery electric vehicles. With sustainability being one of the company’s core tenets, DENSO has worked for decades to improve vehicle fuel efficiency, increase the performance of hybrid and electric vehicles, and develop technologies and products that help make vehicles less expensive, particularly those that are cleaner and greener.
Future -The autonomous car -It is the most spectacular revolution. Tomorrow, cars will be able to do without their drivers. This development will be in stages: we start without feet and then do without hands and eventually without eyes. The first two stages have already been completed. Cruise Control has existed for several years: drivers can set a cruising speed and remove their feet from the pedals. And some cars now offer driver assistance systems that make it possible to remove the hands from the wheel in specific situations such as in traffic jams, or when parking, etc.
Market segmentation of global Automotive Ignition Systems Market by Component it classified (Ignition Switch, Spark Plug, Glow Plug, Ignition Coil, Ignition Control Module, Crankshaft and Camshaft Position Sensor). By Ignition Type (Coil on Plug, Simultaneous, and Compression Ignition) By Region it has segmented into North America, Europe, Asia-Pacific and South America. Geographically, Asia-Pacific is one of the leading revenue generators of automotive ignition systems followed by North America and Europe. China, Japan and India re considered as the major market for investments owing to the rising demand for vehicles and growing economies.