Steering Column Control Modules Market Size, Share & Trends Analysis Report By System Type, By Type Of Sales Channel, By Component Position, By Automobile Type, By Region, And Segment Forecasts, 2019 To 2025

The global steering column control modules market is expected to witness significant growth over the forecast period. The automotive steering column is a device envisioned primarily for connecting the steering wheel to the steering mechanism or transferring the driver's input rotation from the steering wheel. The module that controls the switches “on” or “around/below” the steering wheel is known as the steering column control module. A steering column control module includes a housing having at least two receptacles. A printed circuit board is mounted in the housing, the printed circuit board carrying first and second electrical connectors.

A Steering column control module is mounted on the steering column, but it is placed below the steering wheel, this steering column module is the main network for all the systems surrounding it. The functioning switches known as the stalk lever switches are situated to the right and the left sides of the steering column control modules. The stalk lever switches and the controls that are mounted on the steering wheel and systems (sound controls buttons, cruise controls, horns, Bluetooth, and hands-free calling buttons and airbags) are all connected with the other system through the steering column control module.

The automotive manufacturers are deeply dependent on the providers of the steering system due to their technological expertise. The steering column control module market is witnessing continuous development from its providers with new ideas and innovation.

The global market is segmented based on system type, type of sales channel, by components position, automobile type, and region. Based on system type, the global market is classified into hydraulic steering, electric powered hydraulic steering, and electric power steering. In 2014, the Electric power steering segment accounted for the largest share of steering column control modules and is expected to continue its dominance over the forecast period from 2014 to 2025.

The “hydraulic power steering” segment is, however, expected to decline due to the large space required as well as low fuel efficiency. The improving technology and fuel efficiency provided by electric power steering (EPS) is the major driver for this segment. Based on the type of sales channel, the global market is classified into the Original equipment manufacturer and Aftermarket. Based on components position, the global market is classified into On the Steering Wheel (Sound Control, Airbags, etc.), Around/Below the Steering Wheel (Stalk levers, i.e. Wiper Control, Headlight control, etc.).

Based on automobile type, the global market is classified into passenger cars, commercial vehicles, heavy trucks and busses, off-road vehicles. These automobile types are also dependent on the steering column control module, and the introduction of new technologies, comfort features, and active safety systems in vehicles is expected to drive the steering column control modules market during the forecast period from 2014 to 2025. The safety and the ease of driving an automobile have increased considerably due to the installation of steering column control modules on the steering wheel of vehicles. Geographically, the global market is segmented into North America, Latin America, Asia Pacific, Japan, Western Europe, Eastern Europe, Middle East & Africa.

The request for steering column control modules is important in the Asia Pacific which is then followed by Europe and North America due to automotive steady rates of production volumes and sales. Owing to the lack of production facilities in the Middle East and Africa and comparatively low production of vehicles in Latin America, the market potential of the steering column control module is low. Asian countries like India and China which have important sales and production of automobiles are expected to witness significant growth in the steering column control module market in the coming years.

North America has witnessed a steady growth rate in the acceptance of hybrid and electric vehicles leading to improved sales of the automotive ECU market in the region. The key players of the global market are ZF TRW, Leopold Kostal GmbH & Co. KG, Delphi Automotive LLP, Ididit, Nexteer Automotive, Valeo.