Voice Coil Motor Market By Driver Type (Linear Voice Coil Motor, Rotary Voice Coil Motor), By Coil Type (Overhung Coil, Underhung Coil), By Application (Shaker, Lens Focus, Servo Valve, Speakers, Others), By End Use Verticals (Building and Construction, IT and Telecom, Aerospace and Defense, Industrial, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global Voice Coil Motor Market was valued at $6,314.58 million in 2021, and is projected to reach $9,168.62 million by 2031, registering a CAGR of 3.86% from 2022 to 2031. Voice coil motor technique enables precise, consistent motion control for several medical, industrial processing, and space applications.
Rise in popularity of very precise positioning stages, as well as the widespread usage of high-end speakers and consumer electronics, drives the market growth. Voice coil motors market commercial viability is limited by their high cost and reduced electromagnetic interaction with other electrical components due to magnet leakage. Nevertheless, rise in adoption of various end-use industries, such as in robotic automation and medical equipment indicates a sizable potential market.
The global voice coil motor market research is segmented into motor type, coil type, application, and end-user verticals. On the basis of motor type, the market is bifurcated into linear voice coil motor and rotary voice coil motor. In terms of coil type, voice coil motor can be categorized into overhung coil and underhung coil. By application, this market is segmented into shakers, lens focus, servo valve, speakers, and others. By end-user verticals, the market is segmented into building & construction, IT & telecom, aerospace & defense, industrial, and others.
The key players operating in the market include Allegro Microsystems, Dat Cam Automation, Dura Magnetics Equipment Solutions, Inc., Farnell, H2W Technologies, LG Innotek, Magnetic Innovations, MotiCont, Motion Control Products Ltd., Motran Industries Inc., Physik Instrumente, Precision Econowind, Inc., Sag Harbor Industries, Inc., Sensata Technologies, SMAC Corporation, ST Microelectronics, and Texas Instruments.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the voice coil motor market analysis from 2021 to 2031 to identify the prevailing voice coil motor market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the voice coil motor market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global voice coil motor market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
Shaker
Lens Focus
Servo Valve
Speakers
Others
By Driver Type
Linear Voice Coil Motor
Rotary Voice Coil Motor
By End Use Verticals
Industrial
Building and Construction
IT and Telecom
Aerospace and Defense
Others
By Coil Type
Overhung Coil
Underhung Coil
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
Italy
France
Spain
UK
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
ALPS
Mitsumi
JAHWA
Motion Control Products Ltd
Allegro Microsystems
ST Microelectronics
Texas Instruments
Motran Industries Inc.
SMAC Corporation
H2W Technologies
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