Automotive Ignition System Market worth $7.6 Billion by 2019

Automotive Connectors Market – Global Forecast to 2021 The ignition system which is used in all transportation applications forms an integral component to provide the starting power to the electrical and mechanical components used in these applications. Automotive ignition systems continued to evolve from the 1950’s, the automobile manufacturers began to use semiconductor devices the predecessors of today’s electronic components as standard equipment.

Asia-Oceania: Asia-Oceania consists of emerging and developing economies such as India, China, Japan and South Korea and is experiencing huge population growth. The key countries in the Asia-Oceania region include China, Japan, India, and South Korea. This region is estimated to be the largest market for ignition systems as it accounts for the largest share of vehicles. The end-use markets for ignition system such as passenger and commercial vehicles, are witnessing a growth in demand after a weak performance in 2008 owing to global recession.. Major suppliers such as, Denso (Japan) and Robert Bosch GmbH (Germany) are present in this region with globally established players like Robert Bosch GmbH (Germany) has a good presence in this region.

Europe: Europe is a major established market for ignition system and is projected to witness a stable growth for the ignition system market. A major growth is estimated to be contributed from the automotive sector as the production levels in Germany, U.K. and France are estimated to increase. Europe is home to major suppliers such as Robert Bosch GmbH (Germany),) and Delphi (U.K.) which supply Ignition System to multiple OEMs.

U.S. new-car sales have been rising as a consequence of improving economy, generous incentive spending and increased demand for trucks and sport-utilities have lifted the annualized selling pace to an unprecedented high. Robust manufacturing, new housing strength and rising employment have been seen as the reasons for continued optimism. Western Europe car sales are expected to recover from the long slump with a two or three per cent gain in medium term. However, the torrid period since the global financial crash has seen the disappearance of more than 2-1/2 million sales every year in Western Europe. Asia-Oceania and North America are growing at a good pace owing to the increase in automotive production and demand for vehicles in these regions.

Browse >> 82 market data tables 71 figures 153 pages and in-depth TOC on “Automotive Connectors Market – Global Forecast to 2021” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

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