How big is the Automotive Ignition Coil Market?

The Automotive Ignition Coil Market size is expected to reach USD 10.79 billion in 2024 and grow at a CAGR of 4.32% to reach USD 13.33 billion by 2029. Read More

What is the current Automotive Ignition Coil Market size?

In 2024, the Automotive Ignition Coil Market size is expected to reach USD 10.79 billion. Read More

Who are the key players in Automotive Ignition Coil Market?

Denso Corporation, Bosch Limited, Hitachi Automotive Systems Ltd, Hella GmbH & Co. KGaA and Diamond Electric Holdings Co. Ltd are the major companies operating in the Automotive Ignition Coil Market. Read More

Which is the fastest growing region in Automotive Ignition Coil Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Automotive Ignition Coil Market?

In 2024, the North America accounts for the largest market share in Automotive Ignition Coil Market. Read More

What years does this Automotive Ignition Coil Market cover, and what was the market size in 2023?

In 2023, the Automotive Ignition Coil Market size was estimated at USD 10.32 billion. The report covers the Automotive Ignition Coil Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Ignition Coil Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Automotive Ignition Coil Market Share

Statistics for the 2023 & 2024 Automotive Ignition Coil market share, created by Mordor Intelligence™ Industry Reports. Automotive Ignition Coil share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Automotive Ignition Coil Industry

The automotive ignition coil market is dominated by a few players, such as Hitachi Automotive Systems, Continental AG, and Diamond Electric Mfg. Co. Ltd, Denso Corp., Mitsubishi Electric Corp., and BorgWarner. The companies are launching more technologically advanced ignition coils and expanding their geographical presence to be ahead of the competition. For instance:

In September 2021, Hitachi Astemo announced that it would invest a total of USD 56 million to improve the industrial safety and production capacities of its production plants that manufacture various automotive parts, including ignition coils.

In March 2021, Diamond Electric Mfg. Co. Ltd announced that it would build a new plant in West Virginia, USA, to manufacture ignition coils for automobiles. The production capacity of ignition coils in the United States will be increased by 20%. The new US plant has a building area of 12,263 square meters. In addition to Ford's existing North American production bases, the main supply destinations are the North American production bases of Japanese automobile manufacturers.