With a focus on actionable insights and strategic value, The Business Research Company’s 2026 market reports include market attractiveness scoring, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, deeper supply chain intelligence, emerging startup tracking, and granular product-level insights.
How Large Could The Automotive Steering-Mounted Electronics Market Become By 2030 At A 8.8% CAGR?
The automotive steering-mounted electronics market has experienced substantial growth in recent years. It is anticipated to expand from $5.54 billion in 2025 to $6.04 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 8.9%. Historically, this growth has been fueled by factors such as the increasing demand for driver convenience features, rising vehicle production volumes, the adoption of multifunction steering wheels, a regulatory emphasis on driver safety, and the escalating integration of in-vehicle infotainment systems.
The automotive steering-mounted electronics market is anticipated to show significant expansion in the upcoming years. This market is predicted to ascend to $8.46 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 8.8%. The projected increase can be attributed to the wider deployment of advanced driver assistance systems, a growing preference for upscale vehicle interiors, the rise of electric and software-defined vehicles, an intensified effort to reduce driver distraction, and technological improvements in steering sensors. Prominent trends for this period are expected to feature ergonomic steering control configurations, the integration of haptic feedback, modular steering wheel electronics architecture, customizable multi-function controls, and improved resilience against wear and vibration.
Get A Free Automotive Steering-Mounted Electronics Market Sample With 2030 Forecast Insights:
Automotive Steering-Mounted Electronics Market Outlook: Key Driver Supporting Long-Term Growth
The expanding use of electric vehicles (EVs) is anticipated to drive the future expansion of the automotive steering-mounted electronics market. EVs operate either fully or partially on electricity stored in rechargeable batteries, rather than exclusively depending on traditional internal combustion engines. This growing adoption stems from environmental considerations, as EVs emit fewer greenhouse gases and contribute less to air pollution than their conventional counterparts. Steering-mounted electronics improve vehicles by offering user-friendly controls, boosting driver safety, and facilitating the smooth integration of sophisticated infotainment and energy-saving systems. For instance, in January 2025, Cox Automotive, a US-based system software company, reported that electric vehicle (EV) sales for 2023 were adjusted upwards to 1,212,758 units, marking a 49% increase from 2022. This growth persisted into 2024, climbing by 7.3% to reach 1,301,411 units. Consequently, the increased uptake of electric vehicles is fueling the expansion of the automotive steering-mounted electronics market.
Segmentation Of The Automotive Steering-Mounted Electronics Market: Key Categories Explained
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 Evolving Trends: What Businesses Should Know
Leading companies within the automotive steering-mounted electronics market are prioritizing the development of innovative solutions, specifically steer-by-wire systems, to elevate vehicle safety and improve driver convenience. This steer-by-wire technology constitutes an electronic steering mechanism that replaces the conventional mechanical link between the steering wheel and the vehicle’s wheels with a configuration of sensors, actuators, and electronic control units. For instance, in August 2025, Hella GmbH And Co. KGaA, a Germany-based manufacturing company, introduced the third generation of its fully electric steer-by-wire steering sensor system, aiming to enhance precision, safety, and electronic control in modern vehicles. Unlike traditional mechanical steering, this system employs electronic sensors, actuators, and control units to establish the connection from the steering wheel to the wheels, thereby offering a customizable steering feel, reduced weight, and greater adaptability in vehicle design. Moreover, it bolsters safety through redundant power and communication systems, supports advanced driving modes and autonomous functions, and significantly increases driver comfort by filtering out road vibrations and enabling dynamic steering adjustments in accordance with speed and driving conditions.
Who Competes In The Automotive Steering-Mounted Electronics Market? Major Companies Listed
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
Read The Complete Automotive Steering-Mounted Electronics Market Forecast Report Through 2030:
Automotive Steering-Mounted Electronics Market Regional Ranking: Which Geography Comes First?
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.
Reach Out To Our Team:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas: +1 310-496-7795
Asia: +44 7882 955267 & +91 8897263534
Europe: +44 7882 955267
Email us at: marketing@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
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.
