PUBLISHER: Allied Market Research | PRODUCT CODE: 1140061
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140061
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
Key Market Segments
By Application
By Driver Type
By End Use Verticals
By Coil Type
By Region