Electronic Ignition Modules Market is anticipated to witness growth of 3% to 4% in forecast period.

According to research analyst, Electronic Ignition Modules Market is predicted to witness continuous growth in the next decade i.e. 2021-2031. Demand for electronic ignition module will witness balanced recovery in short term, with optimistic growth outlook in the long run.

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FACTS AT A GLANCE

Companies: Rotary Corp.,Strattec Security Corporation,PerTronix.,Dynatek High Performance Electronics,Holley Performance Products Inc.,Bosch Engineering GmbH,Others.

Coverage: All major geographies and key segments

Segments: Electronic Ignition Module Market Segmented By Sports Bikes, Dirt and Stunting Bikes, Cruisers, City Bikes, Scooters & Mopeds Motorcycle and Passenger Cars, Commercial Vehicles Type

Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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ABSTRACT-

Increasing prominence of electronic ignition module in motorsport and racing

Electronic ignition module play a significant role in race bikes & cars as they help for the proper timing in the spark plug ignition. Besides, this modules in race cars are usually replaced to increase the performance of the engine. This is bolstering the demand for electronic ignition modules in the market.

Over the period, rising concern for motor sports competition events such as asphalt, drag racing, and dirt track racing, among others, is expected to increase demand for electronic ignition module around the world.

Racing is crucial for these type of racing vehicle & bikes because it provides better performance in the ignition. Thus it is anticipated to have a substantial growth in the global electronic ignition module market. There are major motor sports events held in North America, China, Europe in last couple years.

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Electrification in Vehicles to Propel the Global Electronic Ignition Module Market

Rapid electrification in the automotive industry against the conditions of growing demand for electric vehicles (EVs), spiralling fuel prices, and strict emission standards have led manufacturers of electronic ignition module to alter their focus from conventional automotive ignition modules to the electronic ignition module.

Over the past couple of years, motorcycle density has increased at an addressable growth rate, which is likely to drive the global motorcycle electronic ignition module market in the coming years.

In electronic type motorcycle ignition modules, mainly semiconductors, transistors, diodes and thyristors are used to start the motorcycle without delay of current supply. Thus, electronic ignition modules are projected to witness significant demand over the forecast period.

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