Global Steering Column Control Module Market

Global Steering Column Control Module Market Size, Share, Growth Analysis, By System Type(Hydraulic steering, electric powered hydraulic steering), By Vehicle Type(Passenger Cars, Commercial Vehicle), By Steering types(Power steering and manual steering) - Industry Forecast 2024-2031


Report ID: SQMIG25AG2021 | Region: Global | Published Date: February, 2024
Pages: 272 | Tables: 88 | Figures: 76

Global Steering Column Control Module Market Insights

Steering Columillion Control Module Market size was valued at USD 16.49 billion in 2019 and is poised to grow from USD 17.73 billion in 2023 to USD 33.99 billion by 2031, growing at a CAGR of 7.5% in the forecast period (2024-2031).

A steering column is a shaft that connects a vehicle's steering wheel to the steering mechanism. The connection between the steering wheel and steering column is made by steering column control modules. It controls the complete steering system and is placed at the top of the steering column.

The steering column control modules' right and left sides contain the functional switches known as the stalk lever switches. It connects the systems (such as the airbags, Bluetooth, horns, and Bluetooth hands-free calling buttons) as well as the stalk lever switches and controls that are positioned on the steering wheel. With no mechanical connection, a steering control unit offers a totally fluid interface between the pump and steering cylinder. The device consists of a feedback meter element and a manually operated directional control servo valve in a single body.

The main network for all the systems around the steering column is a steering column control module that is positioned on the steering column but situated below the steering wheel.

US Steering Column Control Module Market  is poised to grow at a sustainable CAGR for the next forecast year.

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Steering Columillion Control Module Market size was valued at USD 16.49 billion in 2019 and is poised to grow from USD 17.73 billion in 2023 to USD 33.99 billion by 2031, growing at a CAGR of 7.5% in the forecast period (2024-2031).

The Global Steering Column Control Module Market is relatively fragmented, with some of the key players profiled in the Steering Column Control Module Market including ZF TRW, Vishnu Vaibhav Industries Private Limited, Eaton Corporation Plc. They are consistently investing in R&D and majorly focusing on the various strategies to maintain their steering column control module market share. 'Robert Bosch GmbH', 'Mitsubishi Electric Corporation', 'Nexteer Automotive', 'Continental AG', 'DENSO CORPORATION', 'Hitachi Automotive Systems, Ltd.', 'Autoliv Inc.', 'ZF Friedrichshafen AG', 'Valeo SA', 'JTEKT Corporation', 'Leopold Kostal GmbH & Co. KG', 'Panasonic Corporation', 'Fujitsu Ten Limited', 'TOYODA GOSEI Co., Ltd.', 'Alps Alpine Co., Ltd.', 'Stoneridge, Inc.', 'NSK Ltd.', 'Schaeffler AG', 'Joyson Safety Systems', 'GHSP Inc.'

The steering column control modules' ability to connect switches and controls on the steering wheel to other systems makes automakers more dependent on them, which is expected to have a substantial impact on market growth. Additionally, the existing population's growing need for technologically superior cars is anticipated to drive the steering Column control modules market expansion throughout the forecast period.

Expanding Adoption of Sensor

Asia Pacific held the largest Steering Column Control Module Market share. Asia Pacific is anticipated to favourably stimulate market growth and increase demand throughout the forecast period due to the rising use of steering column control modules for controls connection in automobiles. The Steering Column control modules market is expected to expand at a healthy rate in this region during the forecast period as a result of increasing demand for fuel-efficient and easy-grip automobiles, as well as several usages for steering Column control modules in expanding end-use industries.

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Global Steering Column Control Module Market

Product ID: SQMIG25AG2021

$5,300
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