Voice coil motor market shows impressive growth during

Allied Market Research titled “Voice Coil Motor Market”: The Voice Coil Motor Market was valued at $119.60 million in 2021 and is expected to reach $189.3 million by 2031, growing at a CAGR of 4.8% from 2022 to 2031.

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A voice coil motor is an electrical controller that is very sensitive, precise and effective for demanding applications that require only small displacements. These voice coil motors are often used in optical or medical devices where short-stroke, bidirectional linear actuation requires high control.

The increasing popularity of high-precision positioning stages, along with the widespread use of high-end speakers and consumer electronics, is driving the market growth. The commercial viability of voice coil motors is limited by their high cost and reduced electromagnetic interaction with other electrical components due to magnetic leakage. Nevertheless, the increasing adoption in various end-use industries, such as robotic automation and medical devices, indicates a sizeable potential market.

According to voice coil motor industry research, the dual brake segment was the largest contributor to the market in 2021. The linear voice coil motor segment was the largest market contributor in terms of revenue and is expected to continue its dominance during the forecast period with an above-average growth rate. Furthermore, the rotary voice coil motor segment is expected to reach US$ 52.3 million by 2031, registering a significant compound annual growth rate of 3.3% during the forecast period.

COVID-19 has had a significant impact on consumers and economy. To contain the spread of COVID-19 among individuals, electronics manufacturing centers have been temporarily shut down. This has severely affected the supply chain of the voice coil motors market as it has resulted in shortages of materials, components, and finished goods. The major players in the voice coil motors market are expected to make small savings on R&D to be able to maintain a rich and evolving product portfolio. However, automobile manufacturers prefer voice coil motors over conventional motors, resulting in increased market growth.

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Regionally, Asia Pacific and Europe hold a significant share in the global voice coil motor market owing to the presence of major players in these regions. The increasing usage of various end-use industries such as robotic automation and medical devices suggests a sizeable potential market in these regions. Furthermore, the increasing popularity of very precise position stages along with the widespread use of high-end speakers and consumer electronics in North America and LAMEA is expected to drive the voice coil motor market trends in this region.

KEY FINDINGS OF THE STUDY

• The underhang coil segment accounted for the highest revenue contribution in the market at $80.9 million in 2021 and is expected to reach $121.0 million by 2031, growing at a CAGR of 4.2%.
• The Shaker segment is expected to reach a value of US$ 47.0 million by 2031, at a significant CAGR of 6.1% during the forecast period. Furthermore, the detailed Voice Coil Motors market analysis related to the above segment is provided in the report.
• The report presents information on key drivers, restraints and opportunities with detailed impact analysis on Voice Coil Motors market growth and market size.
• The report includes the market shares of the major vendors and market share analysis for Voice Coil Motors.
• The report also offers a brief overview of the Voice Coil Actuators and Voice Coil Motor Cameras market as a related market of the title.

The major 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. The market players have adopted various strategies such as product launch, collaboration and partnership, joint venture, and acquisition to expand their position in the voice coil motor market.

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