Vibration Motors Market
Vibration Motors Market Analysis by Product Type (Eccentric Rotating Mass, Brushed Coin, Brushless Coin, PCB Mounted), by Motor Type (AC Motor, DC Motor), by Voltage Rating, by Application, by Region - Global Forecast 2022-2032
Global Vibration Motor Market Outlook
The global vibration motor market is estimated at USD 6.5 Billion in 2022 and is forecast to reach USD 24.1 Billion by 2032, growing at a CAGR of 14.1% during 2022-2032.
Market size value in 2021A
USD 6.2 Billion
Market estimated value in 2022E
USD 6.5 Billion
Market forecast value in 2032F
USD 24.1 Billion
Global Growth Rate (2022-2032)
East Asia Market Size in 2021
USD 1.7 Billion
East Asia Market Growth Rate (2022-2032)
Top 5 Companies Market Share in 2021
Key Companies Profiled
Fact.MR estimates that vibration motor market accounted around ~6% of the global motors market in 2021 due to the fact that vibration motors are compact coreless DC motors utilized to inform users about any notifications associated with a component or an equipment by sending signals of vibrating, no sound.
Main feature of vibration motors are their magnet coreless DC motors, rendering permanent magnetic properties to these motors. Various types of vibration motors are available in the market, which include encapsulated, linear resonant actuators, PCB mounted, brushless coin, brushed coin, and eccentric rotating mass.
Vibration Motor Market Historical Overview (2017-2021) Vs. Forecast Outlook (2022-2032)
- East Asia vibration motor market have been generating maximum revenue for vibration motor manufacturers from past half-decade. Around 27.6% of overall market valuation for vibration motor was generated by East Asian countries in 2021 which is forecast to surpass valuation of USD 7.5 Billion by 2032 end, growing with 10.8% CAGR. Industrial motor business in China generated around 56.2% share of total business in 2021 and is projected to grow with exciting CAGR of 12.4% during 2022-2032.
- Global vibration motor market grew with CAGR of 5.9% with an absolute $ opportunity of USD 7.4 Billion during 2017-2021.
- Brushed coin motors segment held the maximum market share ~24.9% in 2021 and is expected to gain 110 BPS within the forecast period by contributing the market with share of ~26.2% by end of 2032 that is around USD 6.3 Billion.
- Under applications for vibration motor, its demand in commercial electronics is estimated to hold market share of ~33.9% in 2022 and is likely to provide an absolute $ opportunity of USD 6.3 Billion by reaching a market valuation of USD 1.6 Billion in 2032.
How East Asia is projected to Witness Largest Share for Market of Vibration Motor during the Forecast Period?
The East Asia vibration motor market is expected to provide maximum absolute $ opportunity to its manufacturers comprehended by the availability of strong supply chain networks of vibration motor manufacturers in this region.
Active participants in the vibration motors business in China is also concentrating on new product innovations and product line extensions, in a bid to gain a competitive edge.
Nature of the China market for vibration motors is highly concentrated and competitive, owing to presence of several regional and global vendors. The primary objective of players in the vibration motors market within East Asia is to enhance their technological expertise, which in turn will enable them in broadening their product portfolio, and retain their competitiveness in the market.
Comprehending the aforementioned factors, China vibration motor market is estimated at USD 1.1 Billion in 2022 and is forecast to surpass market valuation of USD 4.4 Billion by end of 2032, growing at an exciting rate of 12.4% during the forecast period.
In addition, East Asia vibration motor market is forecast to surpass USD 7.5 Billion in 2032 out of which ~75% share is projected to be generated through China and Japan vibration motor markets during the same year.
Why Brushed Coin Motors to be the Highly Preferred Product Type in Vibration Motors Market?
The report has estimated that during the forecast period, sales of brushed coin motors will gain highest traction.
Compared to the various types of vibration motors, its brushed coin type is likely to emerge as the highly preferred motor that is projected to exceed USD 6.3 Billion revenue by 2032 end.
Brushed coin motors are expected to remain the most lucrative among products in the market, on the back of their versatility in applications, as they are compact and comprise no moving parts. In addition, sales of brushed coin motors and brushless coin motors are projected to register a parallel expansion, although the latter is estimated to account for relatively lower revenues throughout the forecast period.
Therefore, brushed coin segment in vibration motors business is projected to grow at 14.9% CAGR during 2022-2032 and is estimated to value around USD 1.6 Billion in 2022. This segment is projected to cover share around ~25.1% market valuation for vibration motor by 2022.
What is the Scenario of Vibration Motors in Application of Consume Electronics?
Although consumer electronics is expected to remain dominant among applications of vibration motors, sales will witness the fastest expansion for application in industrial handheld tools or equipment through 2026. Medical applications of vibration motors will account for the smallest revenue share of the market over the forecast period. Thus, demand of vibration motors in consumer electronics is projected to gain 150 BPS during the forecast period of 2022-2032 and grow with CAGR of 13.6% during the same.
Based on motor type, sales of DC motors are projected to account for the largest revenues share of the market in 2022. Demand for DC motors will further witness an upsurge and surpass market valuation of USD 18.6 Billion by 2032-end. Moreover, sales of AC motors are estimated to reflect a high double-digit CAGR during 2022-2032.
The 2 V voltage rating of vibration motors will remain sought-after in the market, with sales estimated to reach approximately USD 2.8 Billion in revenues during 2022. Between less than 1.5 V and 1.5 V – 2 V voltage ratings of vibration motors, the former will exhibit a comparatively faster expansion in sales, whereas the latter will account for a larger revenue share of the market during 2022-2032.
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Competitive Landscape: Top Companies in Vibration Motor Market
The global vibration motor market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced vibration motor.
Fact.MR has provided detailed information about price points of top manufacturers of vibration motor positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
Global Vibration Motor Market Segments
By Product Type :
- Eccentric Rotating Mass
- Brushed Coin
- Brushless Coin
- PCB Mounted
- Linear Resonant Actuators
By Application :
- Consumer Electronics
- Industrial Handheld Tools or Equipment
- Medical Applications
By Motor Type :
- AC Motor
- DC Motor
By Voltage Rating :
- Less than 1.5 V
- 1.5 V – 2 V
- Above 2 V
By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
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