Automotive Steering-Mounted Electronics Market Report 2026

Automotive Steering-Mounted Electronics Market Overview

• Automotive Steering-Mounted Electronics market size has reached to $5.54 billion in 2025 • Expected to grow to $8.46 billion in 2030 at a compound annual growth rate (CAGR) of 8.8% • Growth Driver: The Rise In Electric Vehicle Adoption Driving The Growth Of The Market Due To Environmental Concerns And Technological Integration • Market Trend: Innovative Steering Technologies Enhance Vehicle Safety And Driver Experience • Asia-Pacific was the largest region in 2025.

What Is Covered Under Automotive Steering-Mounted Electronics Market?

Automotive steering-mounted electronics are electronic controls and devices integrated into a vehicle’s steering wheel or column, allowing the driver to operate key functions without removing their hands from the wheel. These systems typically include controls for audio, phone, cruise control, voice commands, and, in some cases, paddle shifters for gear changes. Automotive steering-mounted electronics enhance driver convenience, improve ergonomics, and reduce distraction, contributing to safer and more efficient vehicle operation. The main components of automotive steering-mounted electronics are the steering angle sensor, steering wheel control module, steering column control module, steering wheel angle sensor, and steering torque sensor. A steering angle sensor in automotive steering-mounted electronics is a device that precisely measures the rotational position and rate of the steering wheel, providing critical input to vehicle stability, advanced driver-assistance systems, and electronic steering controls. Its product types include control buttons, touchpads, scroll wheels, and other product types. while its technologies comprise wired and wireless. These are used in various applications such as passenger vehicles and commercial vehicles and are distributed through sales channels such as original equipment manufacturers and aftermarket.

What Is The Automotive Steering-Mounted Electronics Market Growth Forecast?

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.

What Is The Driver Of The Automotive Steering-Mounted Electronics Market?

The increasing adoption of electric vehicles is expected to propel the growth of the automotive steering-mounted electronics market going forward. Electric vehicles (EVs) are vehicles that are powered entirely or partially by electricity stored in rechargeable batteries, instead of relying solely on conventional internal combustion engines. The rising adoption of electric vehicles is due to environmental concerns, as they produce lower greenhouse gas emissions and reduce air pollution compared to conventional vehicles. Steering-mounted electronics enhance vehicles by providing intuitive controls, improving driver safety, and enabling seamless integration of advanced infotainment and energy-efficient systems. For instance, in January 2025, according to Cox Automotive, a US-based system software company, electric vehicle (EV) sales in 2023 were revised upward to 1,212,758 units, representing a 49% increase compared to 2022, and continued to grow in 2024, rising by 7.3% to reach 1,301,411 units. Therefore, the increasing adoption of electric vehicles is driving the growth of the automotive steering-mounted electronics industry.

Key Players In The Global Automotive Steering-Mounted Electronics Market

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

Global Automotive Steering-Mounted Electronics Market Trends and Insights

Major companies operating in the automotive steering-mounted electronics market are focusing on developing innovative solutions, 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 connection 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 uses electronic sensors, actuators, and control units to connect the steering wheel to the wheels, offering 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.

What Are Latest Mergers And Acquisitions In The Automotive Steering-Mounted Electronics Market?

In April 2023 Lear Corporation, a US-based automotive technology company, acquired I.G. Bauerhin for $0.153 billion. With this acquisition Lear Corporation aims to strengthen its Thermal Comfort Systems portfolio and enhance its capabilities in high-quality, high-performance seating and interior comfort solutions. I.G. Bauerhin GmbH is a Germany-based company that provides automotive steering-mounted electronics.

What Defines the Automotive Steering-Mounted Electronics Market?

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.

How is Market Value Defined and Measured?

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.

What Key Data and Analysis Are Included in the Automotive Steering-Mounted Electronics Market Report 2026?

The automotive steering-mounted electronics market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the automotive steering-mounted electronics industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.