Global Automotive Steering Control Module Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Power-Assisted Steering (EPAS), and Electric Hydraulic Power Steering (EHPS).

By Technology;

Hydraulic Power Steering, Electric Power Steering, and Electro-Hydraulic Power Steering.

By Application;

Passenger Cars, and Commercial Vehicles.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn069711141 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Automotive Steering Control Module Market (USD Million), 2021 - 2031

In the year 2024, the Global Automotive Steering Control Module Market was valued at USD 7495.67 million. The size of this market is expected to increase to USD 11270.72 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.0%.

The global automotive steering control module market is a dynamic sector within the automotive industry, pivotal in ensuring vehicle safety, performance, and driver comfort. Steering control modules serve as the nerve center of modern vehicle steering systems, integrating advanced electronic components to manage steering operations effectively. With the advent of electric power steering (EPS) and steer-by-wire technologies, the role of steering control modules has evolved significantly, moving away from traditional hydraulic systems towards more efficient and responsive electronic systems.

One of the key drivers propelling market growth is the increasing demand for enhanced vehicle handling and maneuverability. Steering control modules enable precise control over steering mechanisms, offering drivers improved responsiveness and adaptability across varying driving conditions. This capability not only enhances driving experience but also contributes to overall vehicle safety by ensuring stable handling and reduced risk of accidents.

Stringent regulatory standards mandating improved fuel efficiency and reduced emissions are further bolstering the adoption of advanced steering control modules. By optimizing power consumption and reducing mechanical losses associated with traditional steering systems, EPS and steer-by-wire technologies supported by these modules contribute to achieving sustainability goals within the automotive sector.

The proliferation of autonomous and semi-autonomous vehicles is reshaping the automotive steering control module landscape. These vehicles rely heavily on sophisticated steering control modules to facilitate automated driving functions, ensuring precise navigation and maneuvering without human intervention. As automakers continue to invest in autonomous technologies, the demand for robust, reliable, and intelligent steering control modules is expected to rise, fostering innovation and competition within the market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Technology
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Automotive Steering Control Module Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Safety regulations
        2. Technological advancements
        3. Increasing vehicle production
        4. Demand for fuel efficiency
      2. Restraints
        1. High initial investment costs
        2. Complex regulatory requirements
        3. Integration challenges with existing systems
        4. Supply chain disruptions
      3. Opportunities
        1. Growing electric vehicle market
        2. Advancements in autonomous driving technology
        3. Expansion in emerging markets
        4. Development of lightweight materials
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Steering Control Module Market, By Type, 2021 - 2031 (USD Million)
      1. Power-Assisted Steering (EPAS)
      2. Electric Hydraulic Power Steering (EHPS)
    2. Global Automotive Steering Control Module Market, By Technology, 2021 - 2031 (USD Million)
      1. Hydraulic Power Steering
      2. Electric Power Steering
      3. Electro-Hydraulic Power Steering
    3. Global Automotive Steering Control Module Market, By Application, 2021 - 2031 (USD Million)
      1. Passenger cars
      2. Commercial vehicles
    4. Global Automotive Steering Control Module Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Bosch
      2. ZF Friedrichshafen
      3. JTEKT Corporation
      4. Nexteer Automotive
      5. NSK Ltd.
      6. Mitsubishi Electric Corporation
      7. Thyssenkrupp AG
      8. Hyundai Mobis
      9. Mando Corporation
      10. China Automotive Systems
  7. Analyst Views
  8. Future Outlook of the Market