United States Automotive Steering Control Module Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 5.5 Billion by 2030, growing at a CAGR of 7.1% from 2024 to 2030.
The US automotive steering control module market is experiencing significant growth as vehicle manufacturers embrace more advanced technologies aimed at enhancing driver safety, comfort, and vehicle performance. Steering control modules are essential for managing electronic systems in vehicles, enabling precise control over steering mechanisms, especially in electric power steering (EPS) systems, autonomous vehicles, and advanced driver-assistance systems (ADAS). These modules integrate sensors, actuators, and controllers to provide optimal steering performance, making them crucial for modern automotive designs.
In recent years, the US automotive industry has seen increased demand for steering control modules due to the rise of electric vehicles (EVs) and the growing emphasis on safety features. A report indicates that the US automotive steering control module market is expected to grow at a compound annual growth rate (CAGR) of over 6% by 2027. This growth is driven by technological advancements in steering systems, such as steer-by-wire technology and autonomous driving capabilities.
One key factor in the market’s growth is the shift towards electric power steering (EPS), which has become the preferred option in modern vehicles due to its energy efficiency, precision, and ability to improve fuel efficiency. Additionally, as consumers demand better vehicle handling, the role of steering control modules in providing responsive and comfortable driving experiences is becoming increasingly important.
The growing integration of ADAS, including lane-keeping assist, automated parking, and self-driving features, is also contributing to the need for more sophisticated steering control modules. These systems require advanced sensors and algorithms that the steering control modules provide to enable seamless interaction between the vehicle and the driver.
As the market evolves, new players are entering the US automotive steering control module market, offering innovative solutions. Manufacturers are focusing on producing more reliable, efficient, and cost-effective modules, while also developing systems that are compatible with various types of vehicles, from traditional combustion engine models to electric and autonomous vehicles. As the automotive industry continues to shift towards a more sustainable and high-tech future, the demand for steering control modules is expected to continue its upward trajectory.
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Bosch
DENSO
ZF Friedrichshafen
HELLA
Eaton
Thyssenkrupp
Nexteer Automotive
Mando
CIE Automotive
KSR International
NSK
Leopold Kostal
JTEKT
Hyundai Mobis
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Automotive Steering Control Module Market
Electronic Power Steering (EPS)
Hydraulic Power Steering (HPS)
Electromechanical Steering Systems
Passenger Vehicles
Commercial Vehicles
Electric Vehicles (EVs)
Hybrid Vehicles
Steering Control in Automated Driving Systems
Advanced Vehicle Stability and Control Systems
Fleet Management Systems
Conventional Technology
Smart Technology
Software-Defined Steering Systems
OEMs (Original Equipment Manufacturers)
Aftermarket Suppliers
Service and Repair Centers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Automotive Steering Control Module Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Automotive Steering Control Module Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Automotive Steering Control Module Market, By Type
6. US Automotive Steering Control Module Market, By Application
7. US Automotive Steering Control Module Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Automotive Steering Control Module Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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