Top 10 Automotive Ignition Coil Companies in World

“Global Automotive Ignition Coil Market: Growth, Outlook, and Competitive Analysis, 2018 – 2030” is the most recent market study released by Credence Research, Inc. The global automotive ignition coil market had revenue of about USD 10.8 billion in 2022, and it is predicted that it will increase at a CAGR of more than 3.2% from 2018 to 2030, reaching about USD 13.4 billion.

Market Overview

The battery voltage of a spark-ignition engine is converted to the much higher voltages necessary to run the spark plug using an ignition coil in the ignition system. The high-voltage electricity is then used by the spark plugs to ignite the mixture of fuel and oxygen. Two pairs of coils are wound around an iron core to form the ignition coil. Older engines frequently employ a single ignition coil, with a distributor directing the coil’s output to each cylinder. This design is still used in many small motors. Today’s car engines commonly use distributor technology (like coil-on-plug), with an ignition coil for each cylinder. Compression ignition is used in diesel engines, which eliminates the need for ignition wires. As gas prices rise, consumer demand for more fuel-efficient vehicles is boosting the automotive start-stop system market. Due to rising gasoline prices, consumers have difficulty affording conventional vehicle fuels. Rising fuel prices have raised a demand for more fuel-efficient vehicles worldwide. Because of this, automakers have introduced start-stop systems and reduced vehicle weight to increase fuel efficiency. The global start-stop market is expected to increase due to rising environmental awareness around emissions from fuel use. The expansion of the automotive start-stop system market can be traced back to the rising demand for and sales of automobiles and motorbikes brought on by advancements in the automotive industry, fuel-efficient hybrid vehicles, economic growth, and rising disposable income among the worldwide populace. A start-stop system is an effective part of the powertrain since it boosts engine production and improves gas mileage. Recent substantial increases in gasoline costs have raised the need for fuel-efficient start-stop systems. In addition, OEMs are urged to prioritize start-stop technologies to meet enhanced fuel efficiency criteria by regulatory agencies globally.

Company Profile

• Denso Corporation

 Producer of auto components, DENSO Corporation, was founded in Kariya, Aichi Prefecture, Japan. After splitting from Toyota Motor in 1949, the company first operated under Nippon Denso Co. Ltd. Around 25% of the company is owned by Toyota. However, in the fiscal year ending in March 2016, sales to Toyota accounted for less than half of total revenues, with the remaining half coming from other automakers in Japan, Germany, the United States, and China. In 2016, Denso was the world’s fourth-largest automotive parts supplier. With 167,950 employees and $49.0 billion in revenue in 2022, Denso rated #278 on the Fortune Global 500 list.

• Robert Bosch GmbH

 The Robert Bosch GmbH headquarters in Gerlingen, Germany, is the home base for the Bosch and BOSCH-stylized German international engineering and technology firm. Robert Bosch started the company in Stuttgart, Germany, in 1886. Robert Bosch Stiftung, a charitable foundation, owns 94% of Bosch. Although it holds most of Bosch’s shares for financial reasons, the charity has no voting rights and works on health and social causes unrelated to the company’s core competencies.

• BorgWarner Inc.

 American auto parts provider BorgWarner Inc. has its main office in Auburn Hills, Michigan. It has 93 locations in 22 countries, with production facilities and technological systems staffed by around 49,000 people. BorgWarner is a leading automotive supplier and ranks in the top 25 worldwide. BorgWarner Inc. has had Frédéric Lissalde as its chief executive officer since August 1, 2018. The Borg-Warner Corporation was founded in 1928. It was formed due to the consolidation of numerous companies, such as Mechanics Universal Joint, Warner Gear, Marvel-Schebler, and Borg & Beck. The Borg-Warner Corporation left in 1987 due to a series of complex financial transactions, but a new company with the same name continued the business. Borg-Warner Automotive Inc. was also founded at the same time as the new company. Business founders Borg and Warner rebranded as Borg-Warner Security Corporation.

• Hitachi Ltd.

The headquarters of Hitachi, Ltd. is in the Chiyoda neighborhood of Tokyo, Japan. When DKB and Fuji Bank (the backbone of the Fuyo Group) merged to become the Mizuho Financial Group, it was a part of the Nissan zaibatsu, DKB, and Fuyo. It is the flagship of the Hitachi conglomerate (Hitachi Gurpu). In 2020, Hitachi planned to expand into new markets by leveraging its expertise in infrastructure, information technology, and big data technologies like artificial intelligence and the internet of things. Hitachi is included in the Nikkei 225 and TOPIX Core30 indices, the Tokyo Stock Exchange, and the Nagoya Stock Exchange. It ranked #129 on Forbes’ 2012 Global 2000 and #38 on Fortune’s 2012 Global 500.

• Eldor Corporation

 Eldor Company, founded in 1972 by Pasquale Forte (President), is a global group leader in the automobile industry and a supplier to major automakers worldwide. Eldor employs 3.500 people worldwide and operates in 20 countries, including Italy, Germany, the United States, China, Turkey, Brazil, Japan, and South Korea. Eldor is a pioneer in developing ignition systems, electronic control units, systems for hybrid and electric vehicles, and urban e-mobility solutions thanks to its R&D technical centers and proprietary production technologies. Eldor is concentrating on the major macrotrends affecting the automobile sector, including robotics, smart materials, sustainable energy, and defect-free manufacturing. Currently, 300 million automobiles use Eldor components.

• HELLA GmbH & Co. KGaA

 An international provider of German automobile parts, Hella KGaA Hueck & Co., is based in Lippstadt, North Rhine-Westphalia. The business creates and produces systems, electrical parts, and lights for the automotive sector. It also houses one of the biggest trade associations in Europe for the sale of car parts, accessories, diagnostic tools, and services. One of Germany’s top 100 industrial businesses, Hella is among the top 50 global automotive suppliers. Over 40,000 people are employed by it globally across over 100 facilities in more than 35 countries. The company employs more than 5,800 engineers and technicians in research and development.

• Diamond Electric Holdings Co. Ltd

The major business of Japan-based Diamond Electric Holdings Co Ltd is producing and distributing electronic control devices such as ignition coils and automotive electrical parts. Three business segments make up the company’s operations. The automotive equipment segment develops, produces, sells, and supplies services for maintaining car ignition coils and electrical parts. The energy solutions sector develops, produces, sells, and supplies maintenance services for hybrid energy storage systems and power conditioners used in solar power generation. The electronic devices sector develops, produces, sells, and provides maintenance services for electronic control devices, other goods, and ignition devices for residential heating, cooling, and hot water delivery systems.

• Taiwan Ignition System Co. Ltd

The Taiwan Ignition System Co., Ltd products are used in the aftermarket by automobile professionals. It began life in 2003 in Taichung as an ignition module for automobiles. The new facility opened in Fenyuan Township, Changhua, in 2015. The company’s offerings were widened to include automotive sensors such as ignition coils, air flow meters, crankshaft camshafts, pressure and angle sensors. There are currently 128 variations on ignition modules, 77 on airflow meter sensors, 100 on automobile ignition coils, 15 on crankshaft camshaft sensors, and countless variations on pressure sensors, angle sensors, and other specialized sensors. They promise to always go above and beyond regarding service, quality, and creativity. Quality management based on ISO 9001 was first implemented in 2007, and in 2018 it was updated to the latest version, ISO 9001:2015. In addition, in January of 2023, they were awarded the IATF16949: 2016 Certificate.

• Mitsubishi Electric Corporation

Established on January 15, 1921, Mitsubishi Electric Corporation is a Japanese multinational electronics and electrical equipment manufacturing business headquartered in Tokyo. It is one of Mitsubishi’s foundational businesses. Elevators and escalators, luxury home appliances, air conditioning, factory automation systems, train systems, electric motors, pumps, semiconductors, digital signage, and satellites are just a few of the goods made by MELCO. Mitsubishi Electric United States, with its headquarters in Cypress, California, produces and markets goods in the United States.