Leading Companies Reinforcing Their Presence in the Automotive Steering-Mounted Electronics Market

The automotive steering-mounted electronics sector is poised for significant expansion as vehicle technology continues to advance rapidly. With innovations focusing on enhancing safety, convenience, and driving experience, this market is attracting considerable attention from manufacturers and consumers alike. Below, we delve into the market size projections, key players, emerging trends, and detailed segment analysis shaping this evolving industry.

Projected Market Size and Growth Trajectory for Automotive Steering-Mounted Electronics
The automotive steering-mounted electronics market is forecasted to experience robust growth, reaching an estimated value of $8.46 billion by 2030. This growth reflects a compound annual growth rate (CAGR) of 8.8% over the coming years. Factors contributing to this upward trend include the widespread adoption of advanced driver assistance systems (ADAS), increasing consumer demand for premium interior features, the rise of electric and software-driven vehicles, and a heightened focus on minimizing driver distractions. Additionally, technological progress in steering sensor design plays a crucial role. Prominent trends expected to influence the market include ergonomic steering control layouts, the integration of haptic feedback, modular design concepts for steering electronics, customizable multifunction controls, and improved durability with enhanced resistance to vibration.

Download a free sample of the automotive steering-mounted electronics market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=28527&type=smp

Key Players Driving Innovation in the Automotive Steering-Mounted Electronics Market
Several leading companies hold significant positions within this market, including Robert Bosch GmbH, Panasonic Corporation, Denso Corporation, Continental Aktiengesellschaft, ZF Friedrichshafen Aktiengesellschaft, thyssenkrupp Aktiengesellschaft, HyundAI Mobis Co. Ltd., Mitsubishi Electric Corporation, Valeo Société Anonyme (S.A.), JTEKT Corporation, Harman International Industries Incorporated, SKF AB, Hella GmbH And Co. KGaA, Toyoda Gosei Co. Ltd., Alps Alpine Co. Ltd., NSK Ltd., TokAI Rika Co. Ltd., Nexteer Automotive Group Limited., Johnson Electric Holdings Limited., and Delphi Technologies PLC. These companies are actively pushing the boundaries of automotive steering technology through continuous innovation and strategic partnerships.

Recent Strategic Moves Highlighting Market Expansion
In a notable development from April 2023, Lear Corporation, a US-based automotive technology firm, acquired I.G. Bauerhin for $0.153 billion. This acquisition aims to bolster Lear Corporation's portfolio in Thermal Comfort Systems and enhance its capabilities in delivering high-quality, high-performance seating and interior comfort solutions. I.G. Bauerhin GmbH, headquartered in Germany, specializes in automotive steering-mounted electronics, making this move a strategic fit to strengthen Lear's product offerings in this sector.

View the full automotive steering-mounted electronics market report:
https://www.thebusinessresearchcompany.com/report/automotive-steering-mounted-electronics-global-market-report

Emerging Trends Transforming the Automotive Steering-Mounted Electronics Industry
Automotive manufacturers are increasingly focusing on the development and implementation of steer-by-wire systems to boost vehicle safety and driver convenience. This innovative technology replaces the traditional mechanical connection between the steering wheel and wheels with an electronic system comprising sensors, actuators, and control units. For instance, in August 2025, Hella GmbH And Co. KGaA, a German company, introduced the third generation of their fully electric steer-by-wire steering sensor system. This advanced system enhances precision and safety while providing electronic control features suited for modern vehicles. Unlike conventional mechanical linkages, it offers customizable steering feedback, reduces weight, and allows greater design flexibility. It also improves safety through redundant power and communication channels, supports autonomous driving functions, and increases driver comfort by filtering out road vibrations and adapting steering based on speed and driving conditions.

More Innovations Shaping Steering-Mounted Electronics
Alongside steer-by-wire technology, other significant trends include ergonomic and customizable steering wheel controls, modular electronic designs that simplify upgrades and repairs, and enhanced durability to withstand vibration and wear. Manufacturers are also integrating haptic feedback to improve user interaction with steering controls, making driving more intuitive and responsive.

Comprehensive Segmentation of the Automotive Steering-Mounted Electronics Market
This market is categorized into several key segments for detailed analysis:
1) Component Type: Steering Angle Sensor, Steering Wheel Control Module, Steering Column Control Module, Steering Wheel Angle Sensor, Steering Torque Sensor
2) Product Type: Control Buttons, Touchpads, Scroll Wheels, and other related products
3) Technology: Wired and Wireless systems
4) Application: Passenger Vehicles and Commercial Vehicles
5) Sales Channel: Original Equipment Manufacturer (OEM) and Aftermarket

Further sub-segmentation includes:
- Steering Angle Sensors divided into Absolute, Incremental, Potentiometric, and Optical Sensors
- Steering Wheel Control Modules categorized as Audio Control, Cruise Control, Voice Command, and Multi-Function Control Modules
- Steering Column Control Modules including Electronic Lock, Tilt and Telescopic Control, Ignition Switch Control, and Steering Position Control Modules
- Steering Wheel Angle Sensors classified as Magnetic, Optical, Hall Effect, and Capacitive Sensors
- Steering Torque Sensors comprising Piezoelectric, Strain Gauge, Magnetoresistive, and Hall Effect Sensors

This comprehensive breakdown provides a clear view of the diverse technological components and products shaping the automotive steering-mounted electronics market today and into the future.

Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.