London, 20 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global automotive ignition system market 2015-2019, which is estimated to grow at a CAGR of 5.89% during the forecast period of 2014-2019.
The market is primarily driven by the rising demand for and production and sale of automobiles across the globe. Moreover, the growing concerns about the impact of emissions on the environment and health among governments and consumers are boosting the demand for technologically advanced automotive ignition systems (e.g., EMSs).
“The high demand for compact cars, which primarily stems from emerging markets as well, is driving automobile and automobile component manufacturers to focus on developing enhanced and compact automotive ignition systems,” says Faisal Ghaus, Vice President of Technavio.
“Also, the increased usage of LCVs is expected to drive the global automotive ignition system market because these vehicles require more effort in terms of the level of advanced technology in order to reduce carbon emissions.”
Key Market Drivers
- Stringent Emissions and Fuel Efficiency Standards
- Rise in Production and Sales of Automobiles
- Advances in Technology
Key Market Trends
- Escalating Demand from Emerging Markets
- Innovation of Laser Ignition System
- Growing Penetration of Diesel Engine Vehicles
Key Market Vendors
- BorgWarner Inc.
- Delphi Automotive LLP
- Denso Corp.
- Federal-Mogul Corp.
- Robert Bosch GmbH
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
