Global Voice Coil Motor (VCM) Market to Surpass USD 6.87 Bn By 2031| Growth Market Reports

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Jun 26, 2023, 10:03 ET

PUNE, India, June 26, 2023 /PRNewswire/ -- According to a recent market study published by Growth Market Reports, titled, "Global Voice Coil Motor (VCM) Market Segments - by Driver Type (Linear Voice Coil Motor, Rotary Voice Coil Motor), Application (shaker, speaker positioning, lens focus, stage, servo valve, other), End-use Industry (Building & Construction, IT & telecom, Healthcare, Aerospace & Defense, Industrial, Others) and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031", the market size was USD 3.27 Bn in 2022 and is expected to surpass USD 6.87 Bn expanding at a CAGR of 8.6% by the end of 2031. The increasing adoption of high-precision positioning stages is anticipated to fuel the market.

Key Market Players Profiled in the Report

ALPS ALPINE CO., LTD,
TDK Corporation
MinebeaMitsumi Inc.
Sensata Technologies Inc
JAHWA
Kollmorgen
SMAC Corporation
Thorlabs
Physik Instrumente (PI) GmbH & Co. KG.
New Shicoh Motor Co.,Ltd
H2W Technologies, Inc.
SM Magnetics
Motran
Moticont
Motion Control Products Ltd
Dura Magnetics
DINGS

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The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics. It provides an in-depth analysis of the market segments, which include driver type, end-use industry, and competitor analysis.

This report also includes a complete analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping market players to expand their market share.

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Regional Highlights:

On the basis of region, the global voice coil motor (vcm) market is classified as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is projected to dominate the global market in the coming years, due to the rising demand for consumer electronics.

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Key Takeaways from the Study:

VCM is an electromagnetic device used in electronic equipment such as hard disks, speakers, and cameras.
It is used where short travel paths with high acceleration is required.
Rising demands for smartphones and fast quick-actuating devices are anticipated to fuel the market during the forecast period. VCM is used in smartphones' camera for picture stabilization and autofocus.
Increasing usage of VCM in medical devices, such as infusion pumps, surgical robots, and magnetic resonance imaging machines is likely to accelerate the market.
Growing adoption of electric vehicles is likely to create immense opportunities for the market players.
The rotary voice coil segment is projected to expand at the fastest CAGR during the forecast period, as it provides precise circular motion over short angles.
The shaker segment is anticipated to hold a major share of the market due to the increasing demand for low-power consumption and precision.
The IT & telecom segment is expected to dominate the market during the forecast period, owing to the high usage of VCM in efficient communications.

Read 209 Pages Research Report with Detailed TOC on "Global Voice Coil Motor (VCM) Market Segments - by Driver Type (Linear Voice Coil Motor, Rotary Voice Coil Motor), Application (shaker, speaker positioning, lens focus, stage, servo valve, other), End-use Industry (Building & Construction, IT & telecom, Healthcare, Aerospace & Defense, Industrial, Others) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2031

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Key Segments Covered

Driver Type

Linear Voice Coil Motor
Rotary Voice Coil Motor

Application

Shaker
Speaker Positioning
Lens Focus
Stage
Servo Valve
Others

End-use industry

Building & Construction
IT & telecom
Healthcare
Aerospace & Defense
Industrial
Others

Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

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