Voice Coil Motor Market
Voice Coil Motor Market Analysis By Type (Linear Voice Coil Motor, Rotary Voice Coil Motor), By Coil (Overhung Coil, Underhung Coil), By Actuators (Moving Coil, Moving Magnetic), By Applications & By Region - Global Forecast 2021-2031
Analysis of Voice Coil Motor market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Global Voice Coil Market Overview:
Voice coil motor mainly finds application in smartphone cameras, Direct Drive Valves (DDV), NANO positioning device to enhance their performance in terms of high precision motion applications, lenses focusing, low power consumption, high efficiency. Optical Image Stabilizer is a function used in the voice coil motor that helps to detect the movements in front of the shaking part of the lens to prevent the image from becoming blurred.
Voice coil motors are a type of direct drive mechanism which provides precise positioning over small displacements. A rise in the adoption of positioning devices with high precision increases the growth of the global voice coil motor market. Increasing smartphone production is one of the prominent factors increasing the demand for voice coil motor in the global market.
Owing to the above reasons, the market for voice coil motor is anticipated to witness an increase in the overall demand over the forecast period.
Global Voice Coil Motor Market Dynamics:
Global Voice Coil Motor market is driven by technological advancements such as AI-based automation and artificial intelligence, IOT, Robotics, smartphone applications that offers versatility and productivity. Another factor that supports the growth of the voice coil motor market is digital industrialization in countries like China, Korea, and Japan.
The number of smartphone users worldwide is foreseen to grow by several hundred million in upcoming years. Countries such as China, India, and the United States have the highest number of smartphone users. Smartphones with a dual camera, triple camera, and quad-cameras are available on the Global market. Due to the use of multi-camera smartphones, the voice coil motor market is anticipated to grow significantly.
However, the complex manufacturing process along with the higher upfront cost are some of the factors that could hamper the future growth prospects of the voice coil motors in the global market in the upcoming years. Owing to the above-mentioned facts, the global voice coil motors are foreseen to auger well in the global market over the forecast duration.
Global Voice Coil Motor Market: Regional analysis
Geographically, the Voice Coil Motor market has been segmented into seven regions include North America (US, Canada), Latin America (Brazil, Mexico, Argentina), Europe (UK, Germany, France, Italy, etc.), East Asia (China, Japan, etc.), South Asia (India, Malaysia, Thailand, etc.), MEA and Oceania.
In the global voice coil motor market, Japan, Korea, and China are having significant value share in the global market, as various manufacturers from foreign countries are actively working towards establishing a production base in China, Japan, and Korea.
Other than the Asia Pacific region, few more companies all around the world, are showing interest in manufacturing voice coil motor and able to forecast the growth possibility and putting the efforts into upgrading the strategies.
Voice Coil Motor Market – Manufacturers
The global voice coil motor market appears to be a bit consolidated in nature, and consist of handful number of global level manufacturers. Alps, Mitsumi and TDK are the prominent players with significant market share globally. Few other players operating in the global Voice Coil Motor market are
- LG Innotek
- New Shicoh
The research report presents a comprehensive assessment of the Voice Coil Motor market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated data. It also contains projections using a suitable set of assumptions and methodologies. The Voice Coil Motor market report provides analysis and information according to market segments such as product type and end-use application.
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The Voice Coil Motor Market Report Covers Exhaustive Analysis On:
- Market Segments in the Voice Coil Motor Market
- Voice Coil Motor Market Dynamics
- Voice Coil Motor Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Technology in the Voice Coil Motor Market
- Value Chain of the Voice Coil Motor Market
Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- East Asia (Japan, China, South Korea)
- South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest of South Asia)
- Oceania (Australia, New Zealand)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The Voice Coil Motor market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The Voice Coil Motor market report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. The Voice Coil Motor market report also maps the qualitative impact of various market factors on market segments and geographies.
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- Detailed overview of the parent market
- Changing Voice Coil Motor market dynamics in the industry
- In-depth Voice Coil Motor market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
Global Voice Coil Motor Market Segments:
The global voice coil motor market is being studied under motor type, motor coil, actuators, camera module & its applications.
- Linear Voice Coil Motor
- Rotary voice Coil Motor
- Overhung Coil
- Underhung Coil
- Moving Coil
- Moving Magnetic
- Oscillatory systems
- Miniature position control
NOTE: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may time to reflect in the analysis.
- FAQs -
The voice coil motor market worth is likely to grow at 4.8% over the forecast years.
Growing popularity of IoT devices is driving the voice coil motor market growth.
Asia Pacific region is expected to be most lucrative market for voice coil motor industry players.