Steering Column Control Modules Market - Global Industry Size, Share, Trends, Opportunity & Forecast, 2020-2030F

The Steering Column Control Modules Market was valued at USD 6.8 Billion in 2024, and is expected to reach USD 12.7 Billion by 2030, rising at a CAGR of 11.20%. The steering column control modules market has witnessed substantial growth due to an increase in the adoption of advanced technologies in the automotive industry. Modern vehicles are increasingly integrating electronic systems to enhance driver convenience and safety, leading to a higher demand for steering column control modules. These systems manage various functions, including steering angle adjustments, tilt and telescoping control, and other key mechanisms, improving the overall driving experience. As a result, the market for these modules is expected to expand significantly over the next few years.

Market Drivers

Increased Adoption of Advanced Driver Assistance Systems (ADAS)

The growing integration of ADAS in vehicles has significantly boosted the demand for steering column control modules. These modules are vital for implementing systems like lane departure warning, adaptive cruise control, and automatic steering adjustments, which enhance vehicle safety and driving experience. The rising emphasis on reducing traffic accidents and fatalities is encouraging the adoption of these technologies across both premium and mainstream vehicles.

For instance, In 2022, 42,795 people lost their lives in vehicle crashes, with 94% of these incidents attributed to human error. Autonomous vehicles (AVs) have the potential to eliminate or significantly reduce human error, which could lower fatalities by up to 90%, potentially saving $190 billion annually. The U.S. AV market is projected to exceed $75 billion by 2030, reflecting a 350% growth from 2023. Furthermore, last-mile AVs for public transportation demonstrated over 33% energy savings compared to private vehicles.

Key Market Challenges

High Production and Development Costs

The development of sophisticated steering column control modules involves significant costs, both in terms of research and development and manufacturing. The integration of advanced sensors, electronic components, and connectivity features increases production expenses. For some automakers, the high cost of incorporating these technologies can be a barrier, particularly in budget or economy vehicles.

Key Market Trends

Miniaturization and Weight Reduction

There is a growing trend toward miniaturization and weight reduction in steering column control modules. This is driven by the demand for lighter vehicles that offer better fuel efficiency and performance. Engineers are focusing on reducing the size of control modules without compromising on their functionality, integrating more compact components, and using lightweight materials to meet these requirements.

Key Market Players

• Delphi Technologies
• DENSO Corporation
• ZF Friedrichshafen AG
• JTEKT Corporation
• Lear Corporation
• Autoliv Inc.
• Valeo SA
• Aisin Seiki Co., Ltd.
• Mitsubishi Electric Corporation

Report Scope:

In this report, the Global Steering Column Control Modules Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Steering Column Control Modules Market, By Vehicle Type:

• Passenger Car
• Commercial Vehicles

Steering Column Control Modules Market, By Type:

• Electronic Steering Column Control Modules
• Mechanical Steering Column Control Modules

Steering Column Control Modules Market, By End-User:

• OEM
• Aftermarket

Steering Column Control Modules Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe & CIS
• Germany
• France
• U.K.
• Spain
• Italy
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE
• Turkey
• South America
• Brazil
• Argentina

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Steering Column Control Modules Market.

Available Customizations:

With the given market data, the publisher offers customizations according to the company’s specific needs. The following customization options are available for the report.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

This product will be delivered within 1-3 business days.