Yes, it will. Just make sure you give it plenty of voltage. A club's 12V system will fire that igniter every time, instantly, and your motor will come up to pressure very very quickly. A 6V system will work, but ignition will be just that tiny bit slower.
If you use an unmodified estes controller then you will get instant ignition without the need to press the button. Great huh? I wouldn't recommend it though.