Report Code: A10416 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Steering Column Module Market
Request Now !Steering column is a shaft that connects a steering wheel with a steering system in a vehicle. Steering column control modules are the interface between steering wheel and steering column. It is located at the top of the steering column and helps to control the entire steering mechanism. A steering column control module consists of a steering column shroud, steering angle sensor, clockspring, ignition switch, multifunction switch, steering column power tilt, telescope switch, and trims cover. Steering angle sensors are electronic units that measure a vehicle’s steering angle. The steering column control module includes a microcontroller. The microcontroller provides power to multifunctional switches, steering column power tilt, telescope switch, and majority of electronics carried by steering wheels. A microcontroller is a gateway for control area network (CAN) data bus. A microcontroller includes hands-free communication switches, remote radio switches, speed control switches, horn switches, and electronic vehicle information center (EVIC) control switches. In response to those inputs, the microcontroller transmits electronic messages, as well as steering angle sensor data to other electronic components the CAN bus network, which will grow further in the forecast period.
COVID-19 scenario analysis:
The steering column module market trends are as follows:
The frontal automotive steering column module market is estimated to witness a huge growth, owing the mandatory adoption of steering column modules for driver safety. In addition, rise in  safety of vehicle occupants and pedestrians is one of the prime concerns of automakers and many manufacturers are trying to develop steering column control modules so that safety and comfort features are enhanced to a much higher level. Moreover, emphasis of governments on safety and growth in awareness among customers has forced automakers to introduce safety equipment in vehicles. Thus, rise in awareness regarding safety in vehicles is expected to grow the steering column module market during the forecast period.
Demand for efficient driving is on the rise as buying power of customers is increasing across the globe. With increase in adoption of premium vehicles, manufacturers are continuously improving quality of their safety products. In addition, improvement of thermal properties of steering system inflates significantly higher volume of air to offer superior protection during an event of crash. Rise in demand for premium vehicles is expected to boost the steering column module market during the forecast period.
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Questions answered in the steering column module market research report:
Steering Column Module Market Report Highlights
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Key Market Players | Delphi Automotive, ZF TRW, Nexteer Automotive, Yazaki Corp, Merit Automotive Electronics Systems, Eaton Corporation Plc., Valeo, Denso Corporation, Ididit, Leopold Kostal GmbH & Co. KG |
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