Automotive Ignition Systems Market Value to Reach US $7 Bn by 2022
From commercial vehicles to passenger cars, ignition systems are indispensable components in production of automobiles. With rising demand for EVs, manufacturers of automotive ignition systems are shifting their focus from conventional ignition to electric ignition. In the long run, the costs of automotive ignition systems might become more economical, considering the technological advancements adopted by OEMs during their production. Nevertheless, losing traction of fossil fuel engines will impede the market's growth, albeit, to some extent.
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