Steering Column Control Module Market was valued at USD 20.75 billion in 2023. Global Steering Column Control Module Market size is estimated to grow at a CAGR of 8.1% over the forecast period.
Steering Column Control Module Market Overview
The Steering Column Control Module (SCCM) market is gaining traction as the demand for advanced driver assistance systems (ADAS), enhanced vehicle safety, and greater driving comfort continues to grow. SCCMs integrate key functions such as steering wheel controls, indicators, wiper functions, and even ADAS features, contributing to an improved driving experience. With the increasing adoption of electric vehicles (EVs) and autonomous driving technologies, the need for smart, multifunctional steering systems is expanding. The automotive industry’s shift towards connected, software-driven vehicles is also boosting the demand for SCCMs, which offer greater control and integration of vehicle systems.
Market Forecast and Key Dynamics:
The Steering Column Control Module market is expected to see steady growth, driven by technological advancements in automotive electronics, the rise of autonomous and electric vehicles, and the increasing focus on vehicle safety and user convenience. Key dynamics include the growing adoption of integrated control systems in both luxury and mass-market vehicles, alongside the trend toward lighter, more compact modules to improve fuel efficiency and performance. The market is also shaped by stringent safety regulations and the push for enhanced driver and passenger safety, which are leading to innovations in control modules that support ADAS features such as lane-keeping assist and adaptive cruise control.
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Steering Column Control Module Market Regional Insights
North America: The North American market is driven by strong demand for advanced vehicle safety systems and increasing adoption of electric vehicles. The U.S. remains a key market for SCCMs, with major automotive manufacturers integrating more advanced steering controls in new models.
Europe: Europe is a leading market for SCCMs, with countries like Germany, France, and the UK at the forefront of automotive innovation. The region’s strong automotive manufacturing base, combined with stringent safety regulations and growing adoption of electric and autonomous vehicles, is driving demand.
Asia-Pacific: The Asia-Pacific region, particularly China, Japan, and South Korea, is seeing rapid growth due to its dominance in automotive production and increasing consumer demand for advanced vehicle technologies. The rise of EVs and the push for connected vehicle systems are further boosting the SCCM market.
Latin America and Middle East & Africa: These regions are experiencing gradual growth in the SCCM market, driven by expanding automotive industries and increasing demand for modern vehicle technologies. As vehicle safety regulations tighten and consumer preferences shift toward more technologically advanced vehicles, the adoption of SCCMs is expected to rise.
Steering Column Control Module Market Segmentation
By Steering Type, The segment with the most market share was power steering. In crucial situations, power steering needs less effort and improves safety and control. This segment’s supremacy is fuelled by several causes. Due to its lower cost, reduced complexity, and more precise operation as more steering input is required, the manual steering category is expected to develop steadily during the forecast period.
By Vehicle Type, The passenger car sector led the market in 2023, which can be ascribed to reduced maintenance and repair costs, spare parts availability, improved fuel efficiency, and increased driving comfort. In addition, the commercial vehicle segment is forecast to rise strongly in the market. The growth of this segment will be fuelled by decreasing the total cost of ownership and multi-brand manufacturers offering more market-tailored Steering Types and pricing methods.
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Steering Column Control Module Market Key Players
Valeo
Ididit
ZF TRW
Delphi Automotive LLP
Leopold Kostal Gmbh & Co. KG
Nexteer Automotive
BorgWarner Inc.
DENSO Corp.
Eaton Corp. Plc
HELLA GmbH and Co. KGaA
Hyundai Motor Group
Merit Automotive Electronics Systems
Texas Instruments Incorporated
Key questions answered in the Steering Column Control Module Market are:
- What is Steering Column Control Module ?
- What was the Steering Column Control Module market size in 2021?
- What is the growth rate of the Steering Column Control Module Market?
- Which are the factors expected to drive the Steering Column Control Module market growth?
- What are the different segments of the Steering Column Control Module Market?
- What growth strategies are the players considering to increase their presence in Steering Column Control Module ?
- What are the upcoming industry applications and trends for the Steering Column Control Module Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Steering Column Control Module Market?
- What segments are covered in the Steering Column Control Module Market?
- Who are the leading companies and what are their portfolios in Steering Column Control Module Market?
- What segments are covered in the Steering Column Control Module Market?
- Who are the key players in the Steering Column Control Module market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by Different Segment | 2022-2027
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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