The COVID-19 pandemic has caused supply and manufacturing disruptions in the automotive sector creating uncertainties in every aspect. The change in customer behavior in terms of mobility preferences during this crisis is changing the automotive landscape.
This pandemic situation has shut down many production lines owing to the trade restrictions and closed borders, creating a shortage in required parts and limiting the distribution of supplies. Different enforced measures including the closing of workspaces and dismissal of short-time workers have created a depression in the growth rate of the automotive industry.
The growing fear of recession is estimated to decrease overall sales and revenue. A limited supply of parts coupled with a reduced workforce has forced the leading OEMs to shut down their production. A significant drop in demand has restricted the cash inflow which is highly important in payment of salaries to the workforce. With growing uncertainties around the COVID-19 pandemic, the industry leaders are taking measures to adapt to the situation.
Automotive Ignition Magneto Market: Introduction
An automotive ignition magneto system is a permanent-magnet generator used in a gasoline or spark ignition engine. The automotive ignition system work same as a battery ignition system. The automotive ignition magneto system not required battery as the magneto act as own generator. It consists of either rotating coils in fixed magnet or rotating magnet in fixed coils. The voltage produced by the magneto flow through an induction coil to the spark plug. This high voltage current further flow through distributor which connect the spark plug of its firing order. The automotive ignition magneto used in a small spark-ignition engine like scooter, motorcycle and small motorboat engines. There are two types of automotive ignition magneto system the self-contain system which has coil mounted inside the mounting of automotive ignition magneto system and other automotive ignition magneto uses a battery powered external coil. The use of automotive ignition magneto is shifted towards the lawnmowers and chainsaws as they not available extra electric supply for the engine. In a modern engine the automotive ignition magneto only has single low tension winding which further connected to an external ignition coil which also ha secondary winding of thousands turn which delivers the high tension voltage to the spark plug.
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Automotive Ignition Magneto Market: Dynamics
Now a days the automotive ignition magneto system is used in a portable and stationary engines where the size is limitation for usage of a battery for the ignition. The use of automotive ignition magneto system in a high performance racing engines where reliable and high voltage spark is necessary for the ignition is likely to influence the automotive ignition market globally. The owing fleet of the bike and scooter in a global market is likely to drive the demand for the automotive ignition magneto market. The trend to customize the vintage car and bikes is likely to affect the aftermarket of automotive ignition magnetos. The factor which obstruct the demand for automotive ignition magneto market are the introduction of electric vehicle as the pure electric vehicle will eliminate the ignition system from the vehicle. The new electronic ignition coil system which not required ignition magneto probably slow down the automotive ignition market globally.
Automotive Ignition Magneto Market: Segments
The automotive ignition magneto market can be segmented on the basis of vehicle type, coil type, and sales channel.
On the basis of vehicle type, the automotive ignition magneto can be segmented as:
- Passenger Vehicle
- Mid-size
- Compact
- Luxury
- SUVs
- Two wheelers
- Scooters
- Motorcycles
On the basis of coil type, the automotive ignition magneto can be segmented as:
- Self-contain system
- Battery powered system
On the basis of sales channel, the automotive ignition magneto can be segmented as:
- OEMs(Original Equipment Manufacturers)
- Aftermarket
Automotive Ignition Magneto Market: Regional Outlooks
The Asia Pacific automotive ignition magneto aftermarket is likely to grow because of enormous owing two-wheelers in region. The use of the automotive ignition magneto in high performance racing is likely to drive the demand for automotive magneto market globally. The trends of customized classic cars is likely to drive the demand for automotive ignition magneto in aftermarket globally. The North America market is accepted to grow because of vast vintage car market and enormous owing fleet of two-wheelers. The regulation on emission norms by government regulatory body is likely to slow down the demand for automotive ignition magneto in global market. The introduction of electric vehicle and ignition coil system is likely to slow down the automotive ignition magneto in global market.
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Automotive Ignition Magneto Market: Key Participants
List of some of the prominent market participants in automotive ignition magneto market are:
Key Players
- Delphi Automotive LLP
- Continental AG
- Hitachi Automotive Systems Americas, Inc.
- DENSO Corporation
- Federal-Mogul Corporation
- NGK Spark Plug Co., Ltd
- Valeo SA
- Mitsubishi Electric Corporation
- Robert Bosch Gmbh
- Borgwarner Inc.
- Diamond Electric Mfg. Co. Ltd
- Federal-Mogul Corporation
- STRATTEC Security Corporation
- Woodward, Inc.
- Moran Racing Engines and Knite, Inc.
- Wings Automobile Products Pvt. Ltd.
- Standard Motor Products, Inc.
- Prenco Progress and Engineering Corporation
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Persistence Market Research’s proactive approach identifies early innovation opportunities for clients in the global automotive sector. Our insights on next-generation automotive technologies such as connected cars, automotive emissions control, vehicle-to-vehicle (V2V), autonomous cars, electric and hybrid vehicles, and augmented reality dashboards ensure clients stay at the forefront of innovation.
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