Vehicle Ignition Coils Industry in Covid-19 Era; New Products launches to stride

Turning the key to start the car not only leads to power the engine but also produces a series of things in the background to get your car started. The electronic control module in the car directs the ignition coils to supply power to the spark plugs. This leads the spark plugs to cause a spark in the engine cylinder and ignite the fuel driving the cylinder up and down. And the engine then spins to turn the wheels and then the car rolls down the street.

Ignition coils are the electrical machinery on the engine that intensifies voltage from the vehicle’s charging system that is battery and alternator. And then deliver the spark to the power plugs. Mostly, modern cars carry one ignition coil for each spark plug. However, certain cars have one ignition coil for every two spark plugs.

Earlier, every ignition coil system needed a mechanical contact breaker points along with a capacitor. However, now electronic ignition systems utilize a power transistor to supply pulses to the ignition coil. The electronic ignition system has proved to be beneficial for automotive, and therefore, it is adopted widely. However, in the past few months, the demands have been impacted due to the unsolicited arrival of Covid-19 pandemic.

How Covid-19 impacted on the demand for vehicle ignition coils-

Almost every industry has suffered through the immense effects of Covid-19. And, the automobile industry was one of its major victims. Where on one hand, the restrictions on traveling and tourism have impacted the demand for vehicles. On the other hand, the manufacturing and supply chain procedures have been hampered as well. Both the conditions majorly impacted the vehicle ignition coils market with a suspension of business activities and demand drops. However, owing to the economic stability the government in several regions has nodded to restart the business activities, with concern to the precautions.

New product launches to prosper the market-

Owing to its importance and demand, the key market players are focusing to make more efficient and sustainable ignition coils for vehicles. On the other hand, new product launches are hitting the field with improved abilities. Recently, MSD, one of the leading ignition coil manufacturers, has unveiled its latest high output ignition coils for the Pro 600 CDI system. Introduced by Holley, the new ignition coil system is available to single or eight-pack configurations with MSD ignition red color. Moreover, with a great productivity of the Pro 600 CDI along with high output coils, the company aims to take performance to another level.

With the restart, the industry is expected to revitalize its activities in order to meet the demand. Also, with the relaxation imposed on the restrictions amid Covid-19, the key market players have started to invest in new plans and projects. Based on a report published by Allied Market Research, the vehicle ignition coil market is anticipated to garner $7.55 billion by 2026. The factors that drive the market growth include an increase in sales of luxurious vehicles in emerging economies, a rise in vehicle production, and an increase in automotive demand due to growth in urbanization. Moreover, the industry would escalate the growth with further technological advancements, in the near future.

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