Automotive Steering-mounted Electronics Market
By Product Type;
Control Buttons, Touchpads, Scroll Wheels and OthersBy Application;
Passenger Vehicles and Commercial VehiclesBy Technology;
Wired and WirelessBy Sales Channel;
OEM and AftermarketBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Automotive Steering-Mounted Electronics Market Overview
Automotive Steering-Mounted Electronics Market (USD Million)
Automotive Steering-Mounted Electronics Market was valued at USD 5446.02 million in the year 2024. The size of this market is expected to increase to USD 8745.12 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.0%.
Automotive Steering-mounted Electronics Market
*Market size in USD million
CAGR 7.0 %
| Study Period | 2025 - 2031 | 
|---|---|
| Base Year | 2024 | 
| CAGR (%) | 7.0 % | 
| Market Size (2024) | USD 5446.02 Million | 
| Market Size (2031) | USD 8745.12 Million | 
| Market Concentration | Medium | 
| Report Pages | 400 | 
Major Players
- Bosch
- Valeo
- Continental AG
- Denso Corporation
- Aptiv PLC
- Panasonic Corporation
- ZF Friedrichshafen AG
- Mitsubishi Electric Corporation
- TRW Automotive Holdings Corp. (acquired by ZF Friedrichshafen AG)
- Alps Alpine Co., Ltd.
- Hella GmbH & Co. KGaA
- Delphi Technologies (now part of Aptiv PLC)
- JTEKT Corporation
- Nexteer Automotive
- NSK Ltd.
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Automotive Steering-mounted Electronics Market
Fragmented - Highly competitive market without dominant players
The Automotive Steering-Mounted Electronics Market is evolving rapidly as modern vehicles integrate advanced electronic systems directly into steering functions. These electronics provide drivers with seamless control, improved safety features, and enhanced driving convenience. Nearly 60% of new vehicles now include steering-mounted functions, highlighting their growing role in shaping the driving experience.
Integration of Safety Features
The demand for steering-mounted electronics is driven by their contribution to vehicle safety. Functions such as airbag controls, lane-assist triggers, and emergency alerts are increasingly built into steering systems. Over 55% of modern vehicles rely on these integrated safety mechanisms, underlining their importance in reducing road risks and protecting drivers.
Enhanced Driver Comfort and Convenience
Alongside safety, comfort-oriented features are accelerating adoption. Functions like audio controls, voice assistance, and cruise control activation are now embedded in steering setups. Nearly 50% of new cars prioritize convenience through steering-mounted electronics, signaling a shift toward user-friendly driving experiences.
Technological Advancements in Electronics
Ongoing progress in microcontrollers, sensors, and wireless connectivity is reshaping steering-mounted technologies. About 40% of new designs emphasize faster response times and higher energy efficiency, ensuring smoother vehicle interaction. Such technological growth is making cars smarter, more responsive, and better aligned with consumer demands.
Future Market Prospects
The automotive steering-mounted electronics market is on track for continued expansion as connected cars and autonomous driving gain momentum. Nearly 45% of current research initiatives focus on integrating electronics into ADAS platforms, making these systems vital to intelligent mobility. This evolution will drive further innovation and strengthen adoption in the years ahead.
Automotive Steering-mounted Electronics Market Key Takeaways
-  Growing vehicle electrification and connected-car features are boosting demand—as EVs and advanced infotainment/ADAS systems proliferate, steering-mounted modules are becoming central to user interaction and safety systems. 
-  Multifunction steering wheels are evolving beyond basic controls—touchpads, haptic feedback, wireless sensors and customisable interfaces are now differentiators in premium and mainstream models alike. 
-  Safety and driver-assistance integration is a major driver—steering components now combine audio/cruise controls with lane-keeping, torque sensing and vehicle-monitoring functions, making the module more than just electronics buttons. 
-  Asia-Pacific remains the growth hotspot—regional vehicle production, rising consumer expectations for in-vehicle tech and rapid adoption of EVs are accelerating regional steering electronics penetration. 
-  Cost, complexity and cybersecurity pose adoption challenges—the increasing software and wireless functionality in steering-mounted electronics bring calibration, reliability and data-security risks that must be managed. 
-  Suppliers leveraging system-level offerings gain advantage—manufacturers bundling steering electronics with software updates, connectivity and service models are capturing stronger margins and customer lock-in. 
-  Modular architecture and wireless connectivity are shaping future design—steer-by-wire and wireless steering interfaces are starting to disrupt traditional mechanical linkages, opening new ergonomic and design possibilities for vehicle interiors. 
Automotive Steering-Mounted Electronics Market Recent Developments
-  In January 2025 in the Automotive Steering-mounted Electronics Market, NXP Semiconductors announced the acquisition of TTTech Auto for $625 million, aiming to enhance its automotive sector by integrating TTTech's safety-oriented middleware, critical for ensuring system updates do not disrupt essential car functions. 
-  In September 2025 in the Automotive Steering-mounted Electronics Market, Qualcomm and BMW launched the Snapdragon Ride Pilot, an automated driving system debuting in BMW's electric iX3, featuring hands-free highway driving, automatic lane changes, and parking assistance, validated for use in over 60 countries. 
Automotive Steering-mounted Electronics Market Segment Analysis
In this report, the Automotive Steering-mounted Electronics Market has been segmented by Product Type, Application, Technology, Sales Channel and Geography. This structured segmentation enables a deep analysis of strategic growth patterns, emerging technology trends, and evolving customer preferences across global automotive OEMs and aftermarket systems.
Automotive Steering-mounted Electronics Market, Segmentation by Product Type
The Automotive Steering-mounted Electronics Market is segmented by Product Type to understand the adoption of various control interfaces integrated into steering wheels. These segments reflect the industry's focus on enhancing driver comfort, safety, and in-vehicle connectivity, driven by demand for smart vehicle features, infotainment control, and advanced driver assistance systems. Increasing digitalization in vehicles and consumer preference for seamless, hands-free interactions are key drivers influencing this segmentation.
Control Buttons
Control Buttons remain a dominant component in steering-mounted systems due to their reliability, tactile feel, and ease of use. They are widely integrated in mid-tier and premium vehicles to support functions like audio control, cruise control, and phone operations. Market growth is fueled by an emphasis on ergonomics and driver safety, reducing distractions and complying with driving safety norms across key regions.
Touchpads
Touchpads are seeing adoption in higher-end vehicle models, offering intuitive swipe and gesture controls. Automakers are leveraging capacitive touch technology to enhance user experience while minimizing button clutter. Growth in this segment aligns with the shift toward luxury mobility and connected infotainment ecosystems, particularly in technologically advanced automotive markets.
Scroll Wheels
Scroll wheels offer precision control for menu navigation and infotainment adjustments without diverting the driver’s attention. Premium brands have been early adopters, integrating scroll functions with haptic feedback to ensure stability and driver convenience. The segment benefits from innovations in tactile sensing and compact control integration.
Others
The Others category includes multifunctional input devices and hybrid solutions designed to support proprietary OEM interface systems. Manufacturers are experimenting with custom interface modules, combining voice controls, touch input, and gesture sensors to differentiate user experience. These systems are expected to grow as autonomous driving and smart cockpit solutions evolve.
Automotive Steering-mounted Electronics Market, Segmentation by Application
Segmentation by Application reflects the varying adoption of steering-mounted electronics in vehicle categories. The demand is influenced by vehicle production cycles, consumer safety standards, and technological sophistication. Rising integration of connected systems in both private and commercial mobility fleets is shaping this segmentation.
Passenger Vehicles
Passenger vehicles represent the largest segment, supported by strong adoption of infotainment controls, voice command buttons, and driver-assist features. Increasing preference for premium interiors and connected car features among consumers accelerates demand in this category. OEMs are emphasizing driver comfort and hands-on-wheel safety interactions to differentiate offerings.
Commercial Vehicles
Commercial vehicles are adopting steering-mounted functions to improve driver productivity and reduce distractions during long-haul operations. Fleet modernization initiatives, telematics integration, and regulatory focus on safety support this growth. As transport operators prioritize efficiency and driver well-being, adoption is expected to rise steadily.
Automotive Steering-mounted Electronics Market, Segmentation by Technology
The Technology segmentation highlights the evolution from traditional wired systems to modern wireless architectures. Advancements in vehicle electronics, sensor miniaturization, and network communication protocols are accelerating system upgrades. The shift aligns with the broader automotive trend toward connected mobility and reduced mechanical dependencies.
Wired
Wired technologies currently dominate due to proven reliability and cost-efficiency. OEMs continue to rely on wired systems for stable performance in both mainstream and high-volume vehicle models. However, integration complexity and cable management are operational challenges encouraging gradual technological upgrades.
Wireless
Wireless steering-mounted electronics leverage low-latency communication to enable flexible design and simplified architecture. This technology is being adopted in modern electric and luxury vehicles, supporting smart cockpit ecosystems and ADAS interfaces. Growth will accelerate as innovations address reliability and signal security standards.
Automotive Steering-mounted Electronics Market, Segmentation by Sales Channel
Segmentation by Sales Channel reflects distribution dynamics between OEM production supply chains and the aftermarket segment. Increasing electronics penetration and rising vehicle customization trends shape this landscape. Manufacturers focus on strategic partnerships and distribution efficiency to meet evolving installation and replacement needs.
OEM
OEM channels dominate the market due to integration during vehicle manufacturing, ensuring compatibility and quality. Automotive brands prioritize in-house module integration or partnerships with leading electronics suppliers to maintain brand consistency and reliability. OEM-led innovations align closely with future mobility initiatives.
Aftermarket
The aftermarket segment is expanding as vehicle owners seek upgrades for enhanced control and connected functions. Demand is driven by rising retrofit installations and consumer interest in cost-effective steering-mounted accessory solutions. Growing e-commerce penetration further boosts accessibility and customization opportunities.
Automotive Steering-mounted Electronics Market, Segmentation by Geography
In this report, the Automotive Steering-mounted Electronics Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America
North America holds a significant share driven by strong adoption of connected vehicles, advanced driver assistance technologies, and premium automotive models. The region benefits from high R&D investment and partnerships between OEMs and tech suppliers to offer elevated driver interaction and safety features.
Europe
Europe demonstrates robust demand supported by stringent vehicle safety regulations and strong penetration of luxury automotive brands. Major OEMs prioritize advanced steering-mounted controls aligned with electrification and automated driving capabilities.
Asia Pacific
Asia Pacific is the fastest-growing market due to increasing passenger vehicle production, rising middle-class purchasing power, and government incentives for smart mobility. Strong OEM presence in China, Japan, and South Korea drives innovation and competitive pricing.
Middle East & Africa
This region shows gradual adoption supported by rising vehicle imports and premium car segment expansion. Growing interest in connected in-vehicle systems and driver comfort features contributes to market growth, especially in urban centers.
Latin America
Latin America exhibits steady growth driven by expanding automotive sales and increasing focus on vehicle safety and infotainment features. OEM expansion and aftermarket upgrades enhance adoption across emerging markets.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Automotive Steering-Mounted Electronics Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunities Analysis
Drivers:
- Rising consumer electronics integration
- Increasing demand for safety
- Advancements in technology
- Growing automotive industry
-  Enhanced driving experience- The global automotive steering-mounted electronics market has experienced significant growth owing to the increasing demand for enhanced driving experiences and advanced safety features in vehicles. Steering-mounted electronics play a crucial role in modern automotive design, offering convenience and functionality to drivers. These electronics encompass a range of features including steering wheel controls for audio systems, infotainment systems, cruise control, voice command functionalities, and even advanced driver assistance systems (ADAS). With the rising consumer expectations for seamless integration of technology within vehicles, automakers are continually innovating to incorporate more sophisticated steering-mounted electronics that provide intuitive controls and improve overall driving comfort and safety. The proliferation of electric vehicles (EVs) and autonomous driving technologies has further propelled the demand for steering-mounted electronics. As electric and autonomous vehicles become more prevalent, there is a growing need for advanced control interfaces that enable drivers to interact with various vehicle functions effortlessly. 
 The integration of connectivity features such as Bluetooth, Wi-Fi, and smartphone compatibility into steering-mounted electronics enhances the overall driving experience by allowing drivers to stay connected while on the road. As a result, the global automotive steering-mounted electronics market is expected to continue its growth trajectory, driven by ongoing technological advancements and the increasing adoption of smart vehicle solutions worldwide.
Restraints:
- High production costs
- Complex installation processes
- Limited skilled workforce
- Cybersecurity and privacy concerns
-  Strict regulatory standards- The global automotive steering-mounted electronics market is experiencing significant growth driven by several factors, including stringent regulatory standards for vehicle safety and advancements in automotive technology. Governments around the world are imposing strict regulations aimed at enhancing road safety, which has led automotive manufacturers to integrate advanced electronic systems into steering mechanisms. These systems include features such as electronic stability control, adaptive cruise control, lane-keeping assist, and collision avoidance systems, all of which are designed to improve vehicle handling and prevent accidents. As a result, there is a growing demand for steering-mounted electronics in the automotive industry, with manufacturers continually innovating to meet these regulatory standards and consumer expectations. The proliferation of electric vehicles (EVs) and the trend towards autonomous driving are also contributing to the expansion of the automotive steering-mounted electronics market. Electric power steering (EPS) systems, which rely on electronic controls rather than hydraulic systems, are becoming increasingly prevalent in both traditional and electric vehicles due to their efficiency and flexibility. Furthermore, the development of semi-autonomous and autonomous driving technologies requires sophisticated electronic components embedded within the steering system to enable functionalities such as automated lane-keeping and self-parking. As automotive manufacturers strive to stay competitive in this rapidly evolving landscape, the demand for steering-mounted electronics is expected to continue its upward trajectory, driving further innovation and market growth. 
Opportunities:
- Emerging electric vehicle market
- Expansion in developing regions
- Innovations in AI technology
- Growing autonomous vehicle adoption
-  Enhanced connectivity features- The global automotive steering-mounted electronics market is experiencing a transformative shift driven by enhanced connectivity features. As vehicles become increasingly integrated with advanced technologies, steering-mounted electronics play a crucial role in facilitating seamless interaction and control for drivers. These features encompass a wide array of functionalities, including but not limited to, infotainment systems, navigation controls, driver assistance systems, and connectivity with smartphones and other devices. With the rise of connected cars, there's a growing demand for steering-mounted electronics that offer intuitive interfaces and robust connectivity options, enabling drivers to access a plethora of services and information without diverting their attention from the road. The integration of advanced driver assistance systems (ADAS) with steering-mounted electronics is further enhancing safety and convenience on the roads. Features like adaptive cruise control, lane-keeping assistance, and collision avoidance systems are increasingly being integrated into steering-mounted controls, providing drivers with enhanced control and situational awareness. 
 This convergence of connectivity and safety features not only elevates the driving experience but also aligns with the broader industry trends toward autonomous driving and smart mobility solutions. As automotive manufacturers continue to innovate in this space, the global market for steering-mounted electronics is poised for significant growth, driven by the relentless pursuit of safer, more connected, and technologically advanced vehicles.
Automotive Steering-mounted Electronics Market Competitive Landscape Analysis
Automotive Steering-mounted Electronics Market is experiencing significant transformation as technological advancements and innovation enhance driver interaction and vehicle control. Strategic collaboration among manufacturers is fostering growth, with over 60% of companies focusing on advanced features and system integration to improve user experience and strengthen market presence.
Market Structure and Concentration
The market is moderately concentrated, with leading players accounting for around 55% of market share. Mergers and strategic partnerships are common, enabling operational efficiency and collaborative product development. Nearly 70% of firms are investing in structured strategies to ensure sustainable growth in a competitive environment.
Brand and Channel Strategies
Brands are adopting innovative strategies to expand their reach, with 65% leveraging multi-channel distribution networks. Strategic partnerships enhance visibility and customer engagement, while continuous innovation in product design strengthens brand value and supports long-term growth in the automotive electronics sector.
Innovation Drivers and Technological Advancements
Technological advancements like touch-sensitive controls and AI-driven steering features are driving rapid innovation. Around 72% of companies are allocating resources to research and development, ensuring improved product performance, enhanced safety, and market growth in line with evolving automotive standards.
Regional Momentum and Expansion
Regional expansion is driven by strategic collaboration and targeted initiatives, with 68% of firms exploring new territories. Mergers and operational partnerships enhance market penetration, while continuous innovation supports growth and strengthens competitive positioning across various automotive segments.
Future Outlook
The future outlook for the Automotive Steering-mounted Electronics Market is robust, with technological advancements and strategic collaboration shaping long-term growth. Companies focusing on innovative design and expansion strategies are expected to enhance engagement, improve market reach, and reinforce competitive advantages over the coming years.
Key players in Automotive Steering-Mounted Electronics Market include:
- Bosch
- Valeo
- Continental AG
- Denso Corporation
- Aptiv PLC
- Panasonic Corporation
- ZF Friedrichshafen AG
- Mitsubishi Electric Corporation
- TRW Automotive Holdings Corp. (acquired by ZF Friedrichshafen AG)
- Alps Alpine Co., Ltd.
- Hella GmbH & Co. KGaA
- Delphi Technologies (now part of Aptiv PLC)
- JTEKT Corporation
- Nexteer Automotive
- NSK Ltd.
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction - Research Objectives and Assumptions
- Research Methodology
- Abbreviations
 
- Market Definition & Study Scope
- Executive Summary - Market Snapshot, By Product Type
- Market Snapshot, By Application
- Market Snapshot, By Technology
- Market Snapshot, By Sales Channel
- Market Snapshot, By Region
 
-  Automotive Steering-Mounted Electronics Market Dynamics - Drivers, Restraints and Opportunities - Drivers - Rising consumer electronics integration
- Increasing demand for safety
- Advancements in technology
- Growing automotive industry
- Enhanced driving experience
 
- Restraints - High production costs
- Complex installation processes
- Limited skilled workforce
- Cybersecurity and privacy concerns
- Strict regulatory standards
 
- Opportunities - Emerging electric vehicle market
- Expansion in developing regions
- Innovations in AI technology
- Growing autonomous vehicle adoption
- Enhanced connectivity features
 
- PEST Analysis - Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
 
- Porter's Analysis - Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
 
 
- Drivers 
 
- Drivers, Restraints and Opportunities 
- Market Segmentation - Automotive Steering-mounted Electronics Market, By Product Type, 2021 - 2031 (USD Million) - Control Buttons
- Touchpads
- Scroll Wheels
- Others
 
- Automotive Steering-mounted Electronics Market, By Application, 2021 - 2031 (USD Million) - Passenger Vehicles
- Commercial Vehicles
 
- Automotive Steering-mounted Electronics Market, By Technology, 2021 - 2031 (USD Million) - Wired
- Wireless
 
- Automotive Steering-mounted Electronics Market, By Sales Channel, 2021 - 2031 (USD Million) - OEM
- Aftermarket
 
-  Automotive Steering-Mounted Electronics Market, By Geography, 2021 - 2031 (USD Million) - North America - United States
- Canada
 
- Europe - Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
 
- Asia Pacific - Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
 
- Middle East & Africa - GCC
- Israel
- South Africa
- Rest of Middle East & Africa
 
- Latin America - Brazil
- Mexico
- Argentina
- Rest of Latin America
 
 
- North America 
 
- Automotive Steering-mounted Electronics Market, By Product Type, 2021 - 2031 (USD Million) 
- Competitive Landscape - Company Profiles - Bosch
- Valeo
- Continental AG
- Denso Corporation
- Aptiv PLC
- Panasonic Corporation
- ZF Friedrichshafen AG
- Mitsubishi Electric Corporation
- TRW Automotive Holdings Corp. (acquired by ZF Friedrichshafen AG)
- Alps Alpine Co., Ltd.
- Hella GmbH & Co. KGaA
- Delphi Technologies (now part of Aptiv PLC)
- JTEKT Corporation
- Nexteer Automotive
- NSK Ltd.
 
 
- Company Profiles 
- Analyst Views
- Future Outlook of the Market


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