2025-2034 Steering Column Control Modules Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights

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What Will the Steering Column Control Modules Industry Market Size Be by 2025?
In recent times, a robust expansion has been noted in the market size of the steering column control module. Predictions suggest an increase from $18.42 billion in 2024 to approximately $19.92 billion in 2025, showing a compound annual growth rate (CAGR) of 8.2%. The factors contributing to this historical growth include heightened sales of electric vehicles (EVs), a boost in vehicle ownership, a rise in the use of electronic power steering systems, increased demand for driver assistance functions, and an increase in sales of luxury and premium vehicles.

What's the Long-Term Growth Forecast for the Steering Column Control Modules Market Size Through 2029?
In the coming years, the market size for steering column control modules is projected to witness robust growth. The market value is predicted to reach $26.89 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.8%. Factors such as the adoption of autonomous driving systems, the transition towards electric vehicles, the rising preference for steer-by-wire technology, implementation of tighter vehicle safety regulations, growth in automotive electronics, and software integration are expected to drive this growth. Key trends projected during this forecast period include integration with advanced driver-assistance systems (ADAS), increased usage of steer-by-wire technology, improved electronic control units for enhanced vehicle communication, miniaturization and modular design for saving space, and escalated utilization of lightweight materials for improved fuel efficiency.

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What Are the Key Growth Drivers Fueling the Steering Column Control Modules Market Expansion?
The increase in the number of electric and autonomous vehicles is projected to stimulate the expansion of the steering column control modules market in the future. These types of vehicles, driven by electricity and self-sustaining advanced technology, are proliferating due to environmental worries. Cleaner transportation aids in reducing emissions and responding to climate change. Steering column control modules underpin electric and autonomous vehicles, facilitating exact communication between sophisticated driver-assist systems and steering operations, leading to seamless and agile vehicle control. For example, Kelley Blue Book, a subsidiary of Cox Automotive in the US, revealed in January 2024 that 7.6% of the total US vehicle market was comprised of Electric Vehicles (EVs) in 2023, a notable leap from 5.9% in 2022. In December 2024, the US government agency, the National Highway Traffic Safety Administration, predicted 4.5 million self-driving vehicles on US highways by 2030. Thus, the rise in electric and autonomous vehicles is fuelling the growth of the steering column control modules market.

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What Are the Key Trends Driving Steering Column Control Modules Market Growth?
Leading businesses in the steering column control module market are focusing on the development of sophisticated products such as motor-driven steering systems to enhance the overall precision and responsiveness of steering. Unlike the conventional hydraulic mechanisms, motor-driven steering systems employ an electric motor to facilitate steering, which increases fuel efficiency, requires minimal maintenance, and supports advanced features by coordinating with vehicle sensors and electronic control units. For example, in April 2025, Nexteer Automotive, an American company renowned for its superior steering solutions, revealed their High-Output Column-Assist Electric Power Steering (HO CEPS) as part of its steering assortment, offering up to 110 Nm of assist. This solution is suitable not only for compact cars and small SUVs but also for larger, heavier vehicles that traditionally required more intricate steering systems. This progression affords car manufacturers the flexibility to strike a balance between performance, cost, and development speed across diverse vehicle platforms, whilst upholding steering precision and efficiency without depending on premium under-hood EPS solutions.

How Is the Steering Column Control Modules Market Segmented?
The steering column control modules market covered in this report is segmented -

1) By Component Position Type: On The Steering Wheel, Around Or Below The Steering Wheel
2) By Automobile Type: Passenger Cars, Commercial Vehicles, Heavy Trucks And Buses, Off-Road Vehicles
3) By Functionality: Steering Control, Wiper Control, Lighting Control, Cruise Control, Turn Signal Control, Other Functionalities
4) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
5) By End-User: Automotive Manufacturers, Automotive Suppliers

Subsegments:
1) By On the Steering Wheel: Audio Control Switches, Cruise Control Switches, Bluetooth or Hands-Free Communication Controls, Paddle Shifters, Voice Command Buttons, Driver Assistance System Controls, Horn Switches
2) By Around Or Below the Steering Wheel: Turn Signal Lever, Wiper Control Switch, Ignition Switch Module, Steering Angle Sensor, Combination Switches, Tilt And Telescopic Adjustment Controls, Headlight Control Switch

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Which Companies Are Leading the Charge in Steering Column Control Modules Market Innovation?
Major companies operating in the steering column control modules market are Hyundai Motor Company, Robert Bosch GmbH, ZF Friedrichshafen AG, DENSO Corporation, Thyssenkrupp AG, Continental AG , Magna International Inc., Valeo SE, Eaton Corporation plc, Texas Instruments Incorporated, Aptiv Plc, JTEKT Corporation, NSK Ltd., HELLA GmbH & Co. KGaA, Nexteer Automotive, Leopold Kostal GmbH & Co. KG, Hitachi Astemo Ltd., Merit Automotive Electronics Systems, Mando Corporation, Ognibene Power Spa

Which Regions Are Leading the Global Steering Column Control Modules Market in Revenue?
Asia-Pacific was the largest region in the steering column control modules market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the steering column control modules market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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