Steering Column Control Module Market Size, Share, Growth Analysis, By Type (Adjustable Steering Column, Non-Adjustable Steering Column), By Vehicle Type, By Technology, By Sales Channel, By Region - Industry Forecast 2025-2032

Global Steering Column Control Module Market size was valued at USD 17.76 billion in 2022 and is poised to grow from USD 19.07 billion in 2023 to USD 33.77 billion by 2031, growing at a CAGR of 7.4% during the forecast period (2024-2031). 

The Global Steering Column Control Module Market is relatively fragmented, with some of the key players profiled in the Steering Column Control Module Market including ZF TRW, Vishnu Vaibhav Industries Private Limited, Eaton Corporation Plc. They are consistently investing in R&D and majorly focusing on the various strategies to maintain their steering column control module market share. 'ZF Friedrichshafen AG ', 'Robert Bosch GmbH ', 'Nexteer Automotive ', 'Continental AG ', 'Denso Corporation ', 'Valeo SA ', 'Delphi Technologies ', 'Mando Corporation ', 'NSK Ltd. ', 'JTEKT Corporation ', 'ThyssenKrupp AG ', 'Magna International Inc. ', 'Hitachi Automotive Systems, Ltd. ', 'Hyundai Mobis ', 'TRW Automotive Holdings Corp. ', 'BorgWarner Inc. ', 'Autoliv Inc. ', 'Aisin Seiki Co., Ltd. ', 'Schaeffler AG ', 'Hella KGaA Hueck & Co. '

The steering column control modules' ability to connect switches and controls on the steering wheel to other systems makes automakers more dependent on them, which is expected to have a substantial impact on market growth. Additionally, the existing population's growing need for technologically superior cars is anticipated to drive the steering Column control modules market expansion throughout the forecast period.

Expanding Adoption of Sensor: The sensor in the steering column measures the torque (steering effort) as well as the speed and position of the steering wheel. Thus, three different types of sensors—torque sensor, steering wheel speed sensor, and position sensor—are employed in such systems. These sensors offer the signals as inputs to an ECU, which then gives the steering system the proper output so that something can happen. In general, torque sensors are non-contact devices. The sensor gauges the driver's inputted steering force, allowing for sensitive regulation of the electric steering support. Due to the regulated usage of steering column modules for driver safety, the frontal automotive steering column module market is anticipated to experience significant growth. In addition, improving pedestrian and vehicle occupant safety is one of the top priorities for automakers, and many manufacturers are working to build steering column control modules to raise the bar for safety and comfort features. Additionally, the focus placed on safety by governments and the rise in customer knowledge has compelled automakers to include safety devices in automobiles. The market for steering column modules is thus anticipated to develop over the forecast period due to the growth in awareness regarding vehicle safety.

Asia Pacific held the largest Steering Column Control Module Market share. Asia Pacific is anticipated to favourably stimulate market growth and increase demand throughout the forecast period due to the rising use of steering column control modules for controls connection in automobiles. The Steering Column control modules market is expected to expand at a healthy rate in this region during the forecast period as a result of increasing demand for fuel-efficient and easy-grip automobiles, as well as several usages for steering Column control modules in expanding end-use industries.