PUBLISHER: The Business Research Company | PRODUCT CODE: 1921429
PUBLISHER: The Business Research Company | PRODUCT CODE: 1921429
Automotive steering mounted electronics refer to electronic controls and devices integrated into a vehicle's steering wheel or steering column, enabling the driver to access key functions without taking their hands off the wheel. These systems commonly include controls for audio, phone, cruise control, voice commands, and in some cases, paddle shifters for gear changes. Steering mounted electronics enhance driver convenience, improve ergonomics, and help reduce distractions, contributing to safer and more efficient vehicle operation.
The primary components of automotive steering mounted electronics include the steering angle sensor, steering wheel control module, steering column control module, steering wheel angle sensor, and steering torque sensor. The steering angle sensor is a device that accurately detects the rotational position and speed of the steering wheel, delivering essential data to vehicle stability systems, advanced driver assistance systems, and electronic steering functions. Product types include control buttons, touchpads, scroll wheels, and other variants. The technologies used can be either wired or wireless. These systems are applied in both passenger and commercial vehicles and are available through original equipment manufacturers and the aftermarket sales channel.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs have impacted the automotive steering-mounted electronics market by increasing costs for imported electronic components such as sensors, control modules, and semiconductors, leading to higher manufacturing expenses and supply chain complexity. asia-pacific and europe are most affected due to their reliance on cross-border sourcing and high vehicle production volumes, while oem and aftermarket segments face margin pressure. however, tariffs are also encouraging localization of manufacturing, supplier diversification, and regional sourcing strategies, supporting long-term resilience and domestic production capabilities.
The automotive steering-mounted electronics market research report is one of a series of new reports from The Business Research Company that provides automotive steering-mounted electronics market statistics, including automotive steering-mounted electronics industry global market size, regional shares, competitors with an automotive steering-mounted electronics market share, detailed automotive steering-mounted electronics market segments, market trends and opportunities, and any further data you may need to thrive in the automotive steering-mounted electronics industry. This automotive steering-mounted electronics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automotive steering-mounted electronics market size has grown strongly in recent years. It will grow from $5.54 billion in 2025 to $6.04 billion in 2026 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to growing demand for driver convenience features, increasing vehicle production volumes, adoption of multifunction steering wheels, regulatory focus on driver safety, rising integration of in-vehicle infotainment.
The automotive steering-mounted electronics market size is expected to see strong growth in the next few years. It will grow to $8.46 billion in 2030 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to expansion of advanced driver assistance systems, rising demand for premium vehicle interiors, growth of electric and software-defined vehicles, increasing focus on driver distraction reduction, technological advancements in steering sensors. Major trends in the forecast period include ergonomic steering control layouts, haptic feedback integration, modular steering wheel electronics design, customizable multi-function controls, enhanced durability and vibration resistance.
The growing adoption of electric vehicles is expected to drive the growth of the automotive steering mounted electronics market in the coming years. Electric vehicles (EVs) are powered either fully or partially by electricity stored in rechargeable batteries, rather than relying solely on traditional internal combustion engines. This increase in EV adoption is largely driven by environmental concerns, as EVs produce fewer greenhouse gas emissions and contribute less to air pollution compared to conventional vehicles. Steering mounted electronics enhance EV functionality by offering intuitive control systems, improving driver safety, and supporting seamless integration of advanced infotainment and energy-efficient technologies. For example, in January 2025, Cox Automotive, a US-based system software company, reported that electric vehicle sales in 2023 reached 1,212,758 units, reflecting a 49 percent increase over 2022. The upward trend continued in 2024, with sales rising by 7.3 percent to 1,301,411 units. Therefore, the growing adoption of electric vehicles is fueling the expansion of the automotive steering mounted electronics market.
Leading companies in the automotive steering mounted electronics market are developing innovative technologies such as steer-by-wire systems to improve vehicle safety and enhance driver experience. A steer-by-wire system is an electronic steering solution that eliminates the traditional mechanical link between the steering wheel and the vehicle's wheels, using sensors, actuators, and electronic control units instead. For instance, in August 2025, Hella GmbH & Co. KGaA, a Germany-based manufacturing company, introduced the third generation of its fully electric steer-by-wire steering sensor system, aimed at enhancing steering precision, vehicle safety, and electronic control in modern cars. This system replaces mechanical components with electronic ones, allowing for a customizable steering feel, weight reduction, and more flexibility in vehicle design. It also improves safety through redundant communication and power systems, supports autonomous driving features, and increases driver comfort by minimizing road vibrations and enabling adaptive steering responses based on driving speed and conditions.
In April 2023, Lear Corporation, a US-based automotive technology company, acquired I.G. Bauerhin for $153 million. This acquisition was aimed at strengthening Lear Corporation's Thermal Comfort Systems portfolio and expanding its capabilities in high-performance seating and interior comfort technologies. I.G. Bauerhin GmbH is a Germany-based company known for its expertise in automotive steering mounted electronics.
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 Societe 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
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.
The countries covered in the automotive steering-mounted electronics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automotive steering-mounted electronics market consists of sales of steering wheel audio controls, steering wheel sensors, heated steering wheels, paddle shifters, and horn switches. Values in this market are 'factory gate' values; that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automotive Steering-Mounted Electronics Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses automotive steering-mounted electronics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automotive steering-mounted electronics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The automotive steering-mounted electronics market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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