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Automotive Steering-Mounted Electronics Market Size Outlook: How Quickly Will Revenue Expand Through 2030?
The automotive steering-mounted electronics market has shown strong expansion over recent years. It is forecast to grow from $5.54 billion in 2025 to $6.04 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 8.9%. This historical growth can be attributed to several factors such as the increasing demand for features that enhance driver convenience, rising vehicle production volumes, the widespread adoption of multifunction steering wheels, a strong regulatory focus on driver safety, and the expanding integration of in-vehicle infotainment systems.
The automotive steering-mounted electronics market is projected to experience substantial expansion in the coming years. This market is forecast to reach $8.46 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 8.8%. Several factors are expected to drive this growth during the forecast period, including the increasing adoption of advanced driver assistance systems, a growing preference for premium vehicle interiors, the proliferation of electric and software-defined vehicles, a heightened emphasis on minimizing driver distraction, and continuous technological progress in steering sensors. Key trends anticipated within this period encompass ergonomic steering control layouts, the incorporation of haptic feedback, modular steering wheel electronics design, customizable multi-function controls, and improved durability along with increased resistance to vibration.
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Automotive Steering-Mounted Electronics Market Growth Catalysts And Demand Drivers
The future expansion of the automotive steering-mounted electronics market is anticipated to be driven by the growing integration of electric vehicles. Electric vehicles (EVs) function either fully or partially on electricity stored in rechargeable batteries, rather than solely on traditional internal combustion engines. Their increased popularity stems from environmental concerns, given their ability to generate fewer greenhouse gas emissions and lessen air pollution compared to conventional cars. Steering-mounted electronics improve vehicles by offering user-friendly controls, enhancing driver safety, and facilitating smooth integration of advanced infotainment and power-saving systems. As an illustration, in January 2025, figures from Cox Automotive, a US-based system software company, showed that electric vehicle (EV) sales for 2023 were adjusted upwards to 1,212,758 units, marking a 49% rise from 2022, and further expanded in 2024, climbing by 7.3% to reach 1,301,411 units. Consequently, the rising uptake of electric vehicles is fueling the growth of the automotive steering-mounted electronics market.
Automotive Steering-Mounted Electronics Market Segmentation: How Does The Market Break Down By Category?
The automotive steering-mounted electronics market covered in this report is segmented –
1) By Component: Steering Angle Sensor, Steering Wheel Control Module, Steering Column Control Module, Steering Wheel Angle Sensor, Steering Torque Sensor
2) By Product Type: Control Buttons, Touchpads, Scroll Wheels, Other Product Types
3) By Technology: Wired, Wireless
4) By Application: Passenger Vehicles, Commercial Vehicles
5) By Sales Channel: Original Equipment Manufacturer, Aftermarket
Subsegments:
1) By Steering Angle Sensor: Absolute Sensor, Incremental Sensor, Potentiometric Sensor, Optical Sensor
2) By Steering Wheel Control Module: Audio Control Module, Cruise Control Module, Voice Command Module, Multi Function Control Module
3) By Steering Column Control Module: Electronic Lock Module, Tilt And Telescopic Control Module, Ignition Switch Control Module, Steering Position Control Module
4) By Steering Wheel Angle Sensor: Magnetic Sensor, Optical Sensor, Hall Effect Sensor, Capacitive Sensor
5) By Steering Torque Sensor: Piezoelectric Sensor, Strain Gauge Sensor, Magnetoresistive Sensor, Hall Effect Sensor
Automotive Steering-Mounted Electronics Market Trends Shaping Long-Term Demand
Leading companies in the automotive steering-mounted electronics market are concentrating on developing innovative solutions, specifically the steer-by-wire system, to enhance vehicle safety and improve driver convenience. A steer-by-wire system is an electronic steering technology that replaces the traditional mechanical link between the steering wheel and the vehicle’s wheels with sensors, actuators, and electronic control units. For instance, in August 2025, Hella GmbH And Co. KGaA, a Germany-based manufacturing company, launched the third generation of its fully electric steer-by-wire steering sensor system to improve precision, safety, and electronic control in modern vehicles. Unlike traditional mechanical steering, this system utilizes electronic sensors, actuators, and control units to connect the steering wheel to the wheels, offering a customizable steering feel, reduced weight, and greater flexibility in vehicle design. It enhances safety through redundant power and communication systems, supports advanced driving modes and autonomous functions, and boosts driver comfort by filtering road vibrations and enabling dynamic steering adjustments according to speed and driving conditions.
Automotive Steering-Mounted Electronics Market Competitive Overview And Top Companies
Major companies operating in the automotive steering-mounted electronics market are 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., Delphi Technologies PLC
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Automotive Steering-Mounted Electronics Market Top Region: Where Does Most Revenue Come From?
Asia-Pacific was the largest region in the automotive steering-mounted electronics market in 2025. The regions covered in the automotive steering-mounted electronics market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.