Automotive Steering-mounted Electronics Market

By Product Type;

Control Buttons, Touchpads, Scroll Wheels and Others

By Application;

Passenger Vehicles and Commercial Vehicles

By Technology;

Wired and Wireless

By Sales Channel;

OEM and Aftermarket

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn137877081 Published Date: September, 2025 Updated Date: November, 2025

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 Period2025 - 2031
Base Year2024
CAGR (%)7.0 %
Market Size (2024)USD 5446.02 Million
Market Size (2031)USD 8745.12 Million
Market ConcentrationMedium
Report Pages400
5446.02
2024
8745.12
2031

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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Technology
    4. Market Snapshot, By Sales Channel
    5. Market Snapshot, By Region
  4. Automotive Steering-Mounted Electronics Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising consumer electronics integration
        2. Increasing demand for safety
        3. Advancements in technology
        4. Growing automotive industry
        5. Enhanced driving experience
      2. Restraints
        1. High production costs
        2. Complex installation processes
        3. Limited skilled workforce
        4. Cybersecurity and privacy concerns
        5. Strict regulatory standards
      3. Opportunities
        1. Emerging electric vehicle market
        2. Expansion in developing regions
        3. Innovations in AI technology
        4. Growing autonomous vehicle adoption
        5. Enhanced connectivity features
      4. PEST Analysis
        1. Political Analysis
        2. Economic Analysis
        3. Social Analysis
        4. Technological Analysis
      5. 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. Automotive Steering-mounted Electronics Market, By Product Type, 2021 - 2031 (USD Million)
      1. Control Buttons
      2. Touchpads
      3. Scroll Wheels
      4. Others
    2. Automotive Steering-mounted Electronics Market, By Application, 2021 - 2031 (USD Million)
      1. Passenger Vehicles
      2. Commercial Vehicles
    3. Automotive Steering-mounted Electronics Market, By Technology, 2021 - 2031 (USD Million)
      1. Wired
      2. Wireless
    4. Automotive Steering-mounted Electronics Market, By Sales Channel, 2021 - 2031 (USD Million)
      1. OEM
      2. Aftermarket
    5. Automotive Steering-Mounted Electronics 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. Valeo
      3. Continental AG
      4. Denso Corporation
      5. Aptiv PLC
      6. Panasonic Corporation
      7. ZF Friedrichshafen AG
      8. Mitsubishi Electric Corporation
      9. TRW Automotive Holdings Corp. (acquired by ZF Friedrichshafen AG)
      10. Alps Alpine Co., Ltd.
      11. Hella GmbH & Co. KGaA
      12. Delphi Technologies (now part of Aptiv PLC)
      13. JTEKT Corporation
      14. Nexteer Automotive
      15. NSK Ltd.
  7. Analyst Views
  8. Future Outlook of the Market