What is the global market size of Steering Column Control Module Market?

Steering Columillion Control Module Market size was valued at USD 16.49 billion in 2021 and is poised to grow from USD 17.73 billion in 2022 to USD 33.99 billion by 2030, growing at a CAGR of 7.5% in the forecast period (2023-2030).

Steering Column Control Module Market Size, Share, Growth Analysis, By System Type(Hydraulic steering, electric powered hydraulic steering, electric power steering, Others), By Vehicle Type(Passenger Cars, Commercial Vehicle), By Steering types(Power steering and manual steering), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Steering Column Control Module Market?

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. 'Robert Bosch GmbH', 'Mitsubishi Electric Corporation', 'Nexteer Automotive', 'Continental AG', 'DENSO CORPORATION', 'Hitachi Automotive Systems, Ltd.', 'Autoliv Inc.', 'ZF Friedrichshafen AG', 'Valeo SA', 'JTEKT Corporation', 'Leopold Kostal GmbH & Co. KG', 'Panasonic Corporation', 'Fujitsu Ten Limited', 'TOYODA GOSEI Co., Ltd.', 'Alps Alpine Co., Ltd.', 'Stoneridge, Inc.', 'NSK Ltd.', 'Schaeffler AG', 'Joyson Safety Systems', 'GHSP Inc.'.

Report ID: SQMIG25AG2021 | Region: Global | Published Date: July, 2001
Pages: 272 | Tables: 88 | Figures: 76

Steering Column Control Module Market News

In June 2022, ZF Group in India inaugurated its new Tech center facility at Hyderabad. The new facility is the largest software hub for the ZF Group. Spread over 300,000 sq. ft., it offers employees open workspaces for innovation, collaboration, and ideation.
In August 2021, ZF Friedrichshafen AG and Locomotion announced a comprehensive agreement to co-develop steering units to enhance autonomous truck safety.

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Steering Columillion Control Module Market size was valued at USD 16.49 billion in 2019 and is poised to grow from USD 17.73 billion in 2023 to USD 33.99 billion by 2031, growing at a CAGR of 7.5% in the forecast period (2024-2031).

The 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. 'Robert Bosch GmbH', 'Mitsubishi Electric Corporation', 'Nexteer Automotive', 'Continental AG', 'DENSO CORPORATION', 'Hitachi Automotive Systems, Ltd.', 'Autoliv Inc.', 'ZF Friedrichshafen AG', 'Valeo SA', 'JTEKT Corporation', 'Leopold Kostal GmbH & Co. KG', 'Panasonic Corporation', 'Fujitsu Ten Limited', 'TOYODA GOSEI Co., Ltd.', 'Alps Alpine Co., Ltd.', 'Stoneridge, Inc.', 'NSK Ltd.', 'Schaeffler AG', 'Joyson Safety Systems', 'GHSP Inc.'

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

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.

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