World News: 15:57 GMT Thursday 6th December 2018. [Research and Markets via Globe Newswire via SPi World News]
Dublin, Dec. 06, 2018 (GLOBE NEWSWIRE) -- The report has been added to offering.
One trend in the market is development of pencil and stick-type ignition coil.
Pencil ignition coils use full electronic ignition. They are attached directly to the spark plug. With this arrangement, a high voltage pulse is generated directly at the spark plug. The advantage of pencil ignition coil is that there is no cable loss. Its compact design is compatible with almost all engine types.
According to the report, one driver in the market is increasing demand for passenger vehicles globally.
The increasing sales of various passenger vehicles, such as sedans, hatchbacks, minicars, sports utility vehicles (SUVs), multipurpose vehicles (MPVs), crossovers, and passenger vans, are driving the growth of the automotive ignition systems market. Sedan and hatchback segments contribute significantly to the global passenger vehicle market.
Further, the report states that one challenge in the market is high cost pressures on automotive component manufacturers.
In the automotive industry, component manufacturers absorb most of the warranty costs and price pressure from the demand side. With increasing adoption of advanced technologies, the bargaining power of component suppliers of certain equipment and technologies has reduced.
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY APPLICATION
PART 08: CUSTOMER LANDSCAPEPART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORKPART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
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Related Topics: Engines and Engine Parts
Globe Newswire: 15:57 GMT Thursday 6th December 2018
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