Steering Column Control Modules Market Report 2026

The steering column control modules market size has grown strongly in recent years. It will grow from $19.92 billion in 2025 to $21.51 billion in 2026 at a compound annual growth rate (CAGR) of 8%. The growth in the historic period can be attributed to rise in vehicle electronics, demand for driver convenience features, growth of cruise control systems, automotive safety regulations, steering column electronics adoption.

The steering column control modules market size is expected to see strong growth in the next few years. It will grow to $28.92 billion in 2030 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to autonomous driving features growth, electrified vehicle platforms, software-defined vehicles, connected car integration, demand for multifunction steering controls. Major trends in the forecast period include integration of advanced driver controls, growth of steering wheel-mounted interfaces, adoption of steering angle sensors, expansion of adas compatibility, increased vehicle electronics content.

The proliferation of electric and autonomous vehicles is expected to propel the growth of the steering column control modules market going forward. Electric and autonomous vehicles run on electric power and use advanced technology to operate without human input. The proliferation of electric and autonomous vehicles is due to environmental concerns, as cleaner transport helps cut emissions and address climate change. Steering column control modules support electric and autonomous vehicles by enabling precise communication between advanced driver-assistance systems and steering functions, ensuring smooth and responsive vehicle control. For instance, in January 2024, according to Kelley Blue Book, a US-based Cox Automotive company, in 2023, electric vehicles (EVs) accounted for 7.6% of the total U.S. vehicle market, marking a significant increase from 5.9% in 2022. Furthermore, in December 2024, according to the National Highway Traffic Safety Administration, a US-based government agency, there will be 4.5 million self-driving vehicles on U.S. roads by 2030. Therefore, the proliferation of electric and autonomous vehicles is driving the growth of the steering column control modules market.

Major companies operating in the steering column control module market are focusing on developing advanced products such as motor-driven steering systems to improve overall steering precision and responsiveness. Motor-driven steering systems use an electric motor to assist steering, replacing conventional hydraulic mechanisms. They enhance fuel efficiency, require less maintenance, and support advanced features by working in sync with vehicle sensors and electronic control units. For instance, in April 2025, Nexteer Automotive, a US-based provider of advanced steering solutions, announced the launch of its High-Output Column-Assist Electric Power Steering (HO CEPS), expanding its steering portfolio to offer up to 110 Nm of assist, making it suitable not just for compact cars and small SUVs but also for larger, heavier vehicles that previously required more complex steering systems. This innovation gives automakers greater flexibility to balance performance, cost, and development speed across a wider range of vehicle platforms while maintaining steering precision and efficiency without the need for premium under-hood EPS solutions.

In September 2024, Rane Holdings Ltd., an India-based company that manufactures automotive components, acquired a 51% equity stake from NSK Ltd. for an undisclosed amount. With this acquisition, Rane Holdings Ltd. aimed to strengthen its position in the steering systems market by leveraging NSK Ltd.’s advanced technology and expanding its product portfolio to cater to the growing demand for electric and autonomous vehicle components. NSK Ltd. is a Japan-based company that manufactures steering column control modules.

Major companies operating in the steering column control modules market report include Robert Bosch GmbH, ZF Friedrichshafen AG, DENSO Corporation, Continental AG, Valeo SE, Magna International Inc., Aptiv Plc, Leopold Kostal GmbH & Co. KG, Hitachi Astemo Ltd., HELLA GmbH & Co. KGaA, Mando Corporation, Merit Automotive Electronics Systems, Alps Alpine Co. Ltd., Omron Automotive Electronics, Panasonic Automotive Systems, Tokai Rika Co. Ltd., Yazaki Corporation, Nidec Corporation, JTEKT Corporation, NSK Ltd., Nexteer Automotive, Thyssenkrupp AG, Johnson Electric Holdings Ltd., Mitsubishi Electric Corporation, Sensata Technologies Holding plc.

Asia-Pacific was the largest region in the steering column control modules market in 2025. 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 include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the steering column control modules market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The steering column control modules market consists of sales of multi-function switches, backlighting elements, bus interface hardware, and steering angle sensors. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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