Three Ignition Coils Market 2024 – Global Industry Analysis, Size, Share, Growth, Trends

• Stringent regulations for reduction in vehicle emission of automobiles are expected to boost the demand for technologies that increase vehicle fuel-efficiency in the automotive industry. Three ignition coils, or coil-on-plug ignition system, increases vehicle fuel-efficiency by properly adjusting spark timing for fuel ignition in vehicle cylinders, which in turn increases the fuel efficiency of vehicles.
• The switching function in an ignition system in a majority of modern vehicles is handled by the PCM (powertrain control module). The PCM receives input signals from various components in the ignition system, including basic timing signals, input from crankshaft position sensor, airflow sensor, throttle position sensor, coolant sensor, and MAP sensor. These input signals are analyzed and employed to make timing adjustments between each/ respective cylinder firings, thereby improving spark plug and fuel combustion timing in vehicles. Additionally, the three ignition coils system is highly responsive and quick to adapt to changing engine loads and driving conditions.

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Key Drivers of Three Ignition Coils Market

• Rise in number of regulations and vehicle standards pertaining to vehicle performance across the globe are expected to offer lucrative opportunity for key players engaged in the global three ignition coils market. Each cylinder having a separate ignition coil enables each coil to have more time to recharge between consecutive cylinder firings while the vehicle is in operation. In a single coil distributor system, a coil must fire (ignition) twice per revolution of the crankshaft in case of a four cylinder engine, and four times in case of a V-engine, while a three coil ignition system has to fire only once in every other revolution of the crankshaft. This, in turn, provides more time for saturation to a hot spark in case of higher rpm when firing times are reduced by a higher margin; consequently, reducing misfire incidents and vehicle has cleaner combustion.
• Rise in adoption of three ignition coil system, owing to high performance, low vehicle emissions, and low maintenance costs, is expected to drive the global three ignition coils market. Placing an individual ignition coils directly on each spark plug reduces the requirements for bulky and long, expensive high voltage spark plug cables. The reduced number of spark cables further reduces radio frequency interference caused by spark plug operation, thereby eliminating potential misfire situations caused by burned, chaffed, or loose cables. Additionally, the lesser the number of spark plug cables, the lower resistance along the path between the coil and plug. This, in turn, enables ignition coil manufacturers to design smaller, lighter, and energy-efficient spark plugs required for ignition systems.

Three Ignition Coils Market: Restraint

• Globally, consumers are increasingly adopting green vehicles, i.e. electric vehicles (EVs) owing to low emissions, government subsidies on purchase of an EV and low operating costs compared to traditional IC-engine vehicles. Furthermore, advancements in EV battery technology have increased the cruising range of EVs, subsiding consumer worries about frequent charging requirements for EVs.
• Electric vehicles do not require an ignition system to start the vehicle. Therefore, rising trend toward electric vehicles is restraining the global three ignition coils market.

Asia Pacific to dominate Three Ignition Coils Market

• In terms of region, the three ignition coils market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa
• Asia Pacific is estimated to hold a major share of the three ignition coils market owing to an increase in production and sale of passenger vehicles across China, South Korea, and India. Majority of automotive brands including Hyundai, Suzuki, BMW, and Toyota, are anticipated to manufacture and introduce their vehicle models for the population in Asia Pacific, thereby increasing production of vehicles in the region. Additionally, Asia Pacific has presence of well-established supply chain network catering to the automobile aftermarket. All the factors mentioned above are booting the three ignition coils market in Asia Pacific.

Key Players Operating in Three Ignition Coils Market

The three ignition coils market is highly concentrated due to the presence of top manufacturers. A few key players operating in the three ignition coils market are:

• ACDelco (General Motors)
• BorgWarner Inc.
• Delphi Auto Parts
• Denso Corporation
• Diamond Electric Mfg. Co. Ltd.
• HELLA GmbH & Co. KGaA
• Hitachi Automotive Systems Ltd.
• MARSHALL ELECTRIC, CORP
• Mitsubishi Electric Corp.
• NGK Spark Plugs USA, Inc.
• Pulse Electronics (Yageo Company)
• Robert Bosch GmbH
• Tenneco Inc.
• Valeo SA
• Walker Products, Inc.

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Global Three Ignition Coils Market: Research Scope

Global Three Ignition Coils Market, by Vehicle Type

• Passenger Vehicles
• Light Commercial Vehicle
• Medium & Heavy Commercial Vehicle

Global Three Ignition Coils Market, by Engine Technology

• IC-Engine
  • Gasoline
  • Diesel
• Hybrid

Global Three Ignition Coils Market, by Sales Channel

• OEM
• Aftermarket

Global Three Ignition Coils Market, by Component

• Battery
• Ignition Coil
• Powertrain Control Module (PCM)
• Sensors
  • Position Sensors
  • Knock Sensors
• Spark Plug
• Others

Global Three Ignition Coils Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa