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2022

Voice Coil Motor Market

Voice Coil Motor Market Size, Share, Competitive Landscape and Trend Analysis Report by Driver Type (Linear Voice Coil Motor, Rotary Voice Coil Motor), by Coil Type (Overhung Coil, Underhung Coil), by Application (Shaker, Lens Focus, Servo Valve, Speakers, Others), by End Use Verticals (Building and Construction, IT and Telecom, Aerospace and Defense, Industrial, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

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Author's: Ankit Mahesh Gupta | Vineet Kumar
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The global voice coil motor market was valued at $119.6 million in 2021, and is projected to reach $189.3 million by 2031, growing at a CAGR of 4.8% from 2022 to 2031.

A voice coil motor is a coil of wire that is wound around with a former (often referred to as a bobbin) and then fastened to the top of a speaker cone. The wire used is typically copper, aluminum, or aluminum with copper plating. By responding to the magnetic field of the motor, this voice coil causes the speaker cone to move.

Increase in usage of high-precision positioning stages and penetration of sophisticated speakers & consumer electronics drives the growth of the market. Since voice coil motors are expensive and magnet leakage lessens their electromagnetic interaction with other electrical components, their commercial potential is constrained. However, there is significant market potential due to the rise in adoption of many end-use sectors.

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The market has been fueled by the rise in popularity of very precise position stage, as well as the widespread usage of high-end speakers and consumer electronics. 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, the growth in adoption of various end-use industries such as in robotic automation, medical equipment indicates a sizable potential market.

The voice coil motor market is segmented into Application, Driver Type, End Use Verticals and Coil Type.

Voice Coil Motor Market by Driver Type

Linear voice coil motors can deliver precise linear movement over relatively small ranges. The peak force is the greatest and persistent force produced by a linear voice coil motor. The velocity constancy in respect to the voice coils is the torque generated by a voice coil motor per ampere of coil stimulation. The application of linear voice coil motor type, are usually adopted in PC hard disks The linear voice coil motor is commonly used in PC, storage disks or amplifiers, optical devices, and compact medical devices.

These voice coil motors are essentially a model that includes both the dynamic and thermal properties of the chosen voice coil and is used to do multiple co-simulations of the system's electrical components. Even though the market for linear voice coil motors is increasing rapidly in the consumer electronics and semiconductors sectors. This is primarily owing to the fact that these voice coil motors were initially designed to be paper vibrators in loudspeakers and other audio equipment.

Voice Coil Motor Market by Coil Type

An overhung type of voice coil motor, is placed in the magnetic field that have a thickness more than the magnetic gap's elevation. This coil type maintains a consistent amount of windings in the magnetic field or magnetic flux throughout the coil's usual excursion range. They feature a large coil mass and sensitivity levels ranging from low to medium.

Overhung coil begins to display soft nonlinearity, as it approaches its parameters. In this configuration, a piece of the voice coil protrudes from the top of the magnetic gap in the motor frame, while the rest is enclosed within the gap. Since a portion of the voice coil is not enclosed in the gap, this form of voice coil allows for more cone movement and also cools the voice coil.

Voice Coil Motor Market by End Use Verticals

Voice coil motors have been widely employed for facial and voice identification prototypes in a variety of building areas. Voice coil motors have been deployed at reservoir construction sites, pedestrian detectors, drainage and irrigation networks, and other areas of the building and construction sector. These voice coil motors have no clogging and commutation and can be installed in compact heavy machinery for improved precision control.

IT and telecom have been prominent motivators to take global voice coil motor industry forward. Technological advances in Wi-Fi and Bluetooth wireless technology systems, have propelled heavy usage of voice coil motor in compact devices.

Voice Coil Motor Market by Region

Region-wise, the voice coil motor market trends are analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific remains a significant participant in the voice coil motor industry. The country's major organizations and government institutions are investing heavily in technology. 

Asia-pacific region includes countries like China, India, Japan, South Korea and rest of Asia-pacific. The Asia-Pacific region is expected to generate maximum revenue throughout the forecast period. The market for voice coil motor has grown significantly, due to various factors like early adoption of smart technologies by original equipment manufacturers (OEMs) such as smart voice coil in semiconductor equipment, automotive industry, and healthcare sectors.

TOP IMPACTING FACTORS

The market has been fueled by rise in popularity of very precise position stage, as well as the widespread usage of high-end speakers and consumer electronics. Voice coil motor market commercial viability is limited by their high cost and reduced electromagnetic interaction with other electrical components due to magnet leakage. Nevertheless, surge in adoption of various end-use industries, such as in robotic automation and medical equipment, indicates a sizable potential market.

COMPETITION ANALYSIS

Competitive analysis and profiles of the major voice coil motor market players, such as 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 are provided in this report.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the voice coil motor market size, current trends, estimations, and dynamics of the voice coil motor market analysis from 2021 to 2031 to identify the prevailing voice coil motor market opportunity.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the voice coil motor market segmentation assists to determine the prevailing market opportunities and Voice Coil Motor Market Outlook during the forecast period.
  • Major countries in each region are mapped according to their revenue contribution to the global Voice Coil Motor Market Growth.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players along with their Voice Coil Motor Market Share at global as well as regional level.
  • The report includes the analysis of the regional as well as global voice coil motor market trends, key players, market segments, application areas, and market growth strategies as well as Voice Coil Motor Market Forecast.
  • The report also provides breif overview of voice coil actuators and voice coil motor camera market during the foerecast period.

Voice Coil Motor Market Report Highlights

Aspects Details
Voice Coil Motor Market By Application
By Application
  • Shaker
  • Lens Focus
  • Servo Valve
  • Speakers
  • Others
Voice Coil Motor Market By Driver Type
By Driver Type
  • Linear Voice Coil Motor
  • Rotary Voice Coil Motor
Voice Coil Motor Market By End Use Verticals
By End Use Verticals
  • Industrial
  • Building and Construction
  • IT and Telecom
  • Aerospace and Defense
  • Others
Voice Coil Motor Market By Coil Type
By Coil Type
  • Overhung Coil
  • Underhung Coil
Voice Coil Motor Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, Italy, France, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players
Key Market Players

ST Microelectronics, JAHWA, Allegro Microsystems, H2W Technologies, ALPS, Mitsumi, SMAC Corporation, Motion Control Products Ltd, Texas Instruments, Motran Industries Inc.

Analyst Review

A voice coil motor is a particular kind of electrical motor that consists of a coil and a magnetic casing. When high speed or acceleration is required for positioning, the voice coil is used as an actuator. These magnetic housing and coil-based linear actuators employ linear force to move objects without coming into contact with the stationary objects. Voice coils provide much higher degrees of motion purity than DC motors, which need separate drivetrains such as belts or gears as they convert electrical impulses into linear magnetic force immediately. They offer rapid and precise movement with great repeatability when used in conjunction with a position sensor. The motor's transition direction is determined by the voltage's polarity.

The global voice coil motor market is highly competitive, owing to the strong presence of existing vendors. Voice coil motor vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by key vendors.

Surge in demand for voice coil motors for aerospace, military & defense, and robotics are a few end-use verticals that are providing attractive market opportunities to enhance voice coil motor. Moreover, prime economies, such as the U.S., China, Germany, and Japan, plan to develop and deploy paddle voice coil motor solutions across healthcare sectors. Many healthcare equipment companies are employing voice coil motors to meet this trend, and they have been shown to be a dependable, efficient, and precise motion solution. As a result, the healthcare industry are using voice coil motors that are portable ventilators and pumps for metering and dosing. As a result, the global voice coil motor market in healthcare sector has thrived.

Among the analyzed regions, Asia-Pacific exhibits the highest adoption rate of voice coil motors and has been experiencing massive expansion of the market due to emerging countries, such as China, Japan, and India, investing in these technologies. On the contrary, Europe is expected to grow at a faster pace. Furthermore regions, such as the U.S. and Canada, are expected to offer new opportunities in the voice coil motor market in future.

Globally, various key players and government agencies are investing in voice coil motor to make them compatible with various industrial platforms. For instance, Kunshan Tongmao Electronics Co., Ltd. is a manufacturer that develops and produces a variety of linear motor products, including voice coil motors, linear motors, and precision linear platforms. Kunshan Tangmao developed voice coil motors are used in a broad spectrum of products, including those for the semiconductor industry's use in medical linear motors, aerospace linear motors, and commercial applications linear motors. Such developments across voice coil motors showcase lucrative growth opportunities for the market growth. 

The key players profiled in the report 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.

Author Name(s) : Ankit Mahesh Gupta | Vineet Kumar
Frequently Asked Questions?

The Voice Coil Motor Market will expand from 2021 - 2031 with CAGR of 4.8%.

The market value of Voice Coil Motor Market by the end of 2031 will be US$189.3 million.

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.

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.

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Voice Coil Motor Market

Global Opportunity Analysis and Industry Forecast, 2021-2031