Smart Automotive Steering System Market Outlook:
Smart Automotive Steering System Market size was valued at USD 32.98 billion in 2025 and is likely to cross USD 52.71 billion by 2035, registering more than 4.8% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of smart automotive steering system is assessed at USD 34.4 billion.
The growth of the market can be attributed to the increasing integration of electric power steering (EPS) and electric hydraulic power steering (EHPS) systems. Based on installation volume in vehicle production, the predicted EPS system to be installed in 2035 is more than 99 thousand units by 2035 across the globe. Nexteer, a global steering specialist, has produced more than 70 million EPS systems for over 60 customers worldwide.
In addition to these, factors that are believed to fuel the growth of smart automotive steering system market are expanding the product pipeline of the smart steering system. LeddarTech, a global pioneer in ADAS and AD sensing technology has introduced LeddarSteer, a digital beam steering solution for LiDAR smart sensor makers and first and second-tier automotive suppliers. Additionally, the rising establishment of engineering facilities is also driving market growth. For instance, to support its software-centric product developments, Robert Bosch Engineering and Business Solutions (RBEI) has created a new smart campus at HITEC City in India.
