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Automotive Ignition Coil Market Size, Top Manufacturers, Analysis 2023-2028

Di Dhamashalu

How Big is The Automotive Ignition Coil Market: IMARC Group, a leading market research company, has recently releases report titled “Automotive Ignition Coil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that The global automotive ignition coil market size reached US$ 10.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.17% during 2023-2028. What are Automotive Ignition Coil? An automotive ignition coil refers to one of the parts of a vehicle ignition system. It is responsible for producing an electric spark that ignites the air and gasoline mixture in a compression chamber, which aids in vehicle movement. Some of the common product types are coil-on plugs, distributor-based, distributor-less, etc. The automotive ignition coil comprises a laminated iron core that is surrounded by two coils of copper wire and is manufactured with high-quality metal materials that are easy to install, sturdy, durable, wear, corrosion resistant, etc. It improves engine efficiency, emissions, performance, etc. Consequently, the automotive ignition coil is widely used in passenger cars, motorcycles, heavy commercial vehicles (HCVs), etc. Request a free sample brochure: https://www.imarcgroup.com/automotive-ignition-coil-market/requestsample Automotive Ignition Coil Market Trends and Drivers:  The growing number of vehicles across countries is among the key factors stimulating the automotive ignition coil market. Furthermore, the increasing sales and production of gasoline-powered cars, owing to the rising consumer inclination towards personal mobility and the escalating demand for luxury automobiles, are also positively influencing the global market. Apart from this, the widespread adoption of automotive ignition coils to enhance operational efficiency and fuel economy is acting as another significant growth-inducing factor. Moreover, the introduction of three-dimensional (3D) printing technology to reduce costs and improve product quality is propelling the market growth. Besides this, the development of a pencil ignition coil that offers electrical, mechanical, and thermal isolation between the magnetic core and improves the magnetic field in the automotive engine is further augmenting the global market. Additionally, the inflating need for compact and miniaturized ignition coils, on account of engine downsizing, is expected to fuel the automotive ignition coil market over the forecasted period. Automotive Ignition Coil Market Report Segmentation: Who are the key players operating in the industry? What is included in market segmentation? The report has segmented the market into the following categories: Breakup by Type: Breakup by Product Type: Breakup by Vehicle Type: Breakup by Distribution Channel: By Geography:  About Us: IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. Contact US IMARC Group 134 N 4th St. Brooklyn, NY 11249, USA USA: +1-631-791-1145 | Asia: +91-120-433-0800 Email: sales@imarcgroup.com Follow us on Twitter: @imarcglobal LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/