Global Voice Coil Motor (VCM) Market Will Reach USD 1,464 Million by 2026

Global Voice Coil Motor (VCM) Market Will Reach USD 1,464 Million by 2026

Ÿ Base Year: 2018

Ÿ Estimated Year: 2019

Ÿ Forecast Period: 2019 to 2026

The global voice coil motor market is expected to grow from USD 1,163 million in 2019 to USD 1,464 million by 2026, registering a CAGR of 3.35% from 2019 to 2026.

A voice coil motor is a highly controllable actuator suitable for applications that require limited displacement. The VCM consists of a coil assembly and a permanent magnetic field assembly. This non-commuted electromagnetic device is employed in applications of linear and rotary motion that require linear force or torque output and high frequency actuation or high acceleration.

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Key Players:

Key players in the Voice Coil Motor (VCM) market include Alps, Mitsumi, TDK, JAHWA, SEMCO, New-Shicoh, Billu, Hysonic, LG Innotek, Guixin, Xinhongzhou, JCT, JSS, etc.

Market Driver and Restraint

Growth in adoption of high-precision positioning stages has become the main driver of growth. As the electromagnetic interference between the voice coil motor and other equipment is small, the magnet leakage is greatly reduced, which will further stimulate this market’s growth. In addition, the emergence of intelligent voice coil motors with the advent of intelligent robots, artificial intelligence, and smart home applications are boosting the growth of the voice coil motor market. However, high cost incurred is a restraint that hampers the growth of the voice coil motor market.

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Forecast by Geography

The major regions which contribute to the development of voice coil motor (VCM) market mainly cover North America, Europe, Asia-Pacific, South America, and Middle East and Africa. In 2018, countries in Asia-Pacific like China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam accounted for approximately 30.25% of the overall market, followed by North America (United States, Canada and Mexico) and Europe (Germany, UK, France, Italy, Russia and Turkey etc.), accounting for 29.68% and 28.64% respectively.

Type Segment Analysis

By product type, the Voice Coil Motor (VCM) market is segmented into OIS VCM, AF VCM, and Other.

Application Segment Analysis

The Voice Coil Motor (VCM) is deployed in various end users: Shaker, Lens Focus, Servo Valve, Speaker, Positioning Stage, and Other.

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Target Audience:

• Voice Coil Motor (VCM) key stakeholders

• Commercial research & development (R&D) institutions

• Government agencies and NGOs

• Distributors and resellers of Voice Coil Motor (VCM)

• Voice Coil Motor (VCM) industry associations

• Product managers, Voice Coil Motor (VCM) industry administrator, C-level executives of the industries

• Market Research and consulting firms

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