Global Voice Coil Motor Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Linear Voice Coil Motor and Rotary Voice Coil Motor.

By Coil Type;

Overhung Coil and Underhung Coil.

By Application;

Shaker, Lens Focus, Servo Valve, Speaker, Positioning Stage, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn300013836 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Voice Coil Motor Market (USD Million), 2021 - 2031

In the year 2024, the Global Voice Coil Motor Market was valued at USD 1,932.78 million. The size of this market is expected to increase to USD 3,043.22 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.7%.

The Global Voice Coil Motor Market is experiencing rapid growth driven by advancements in various industries such as automotive, consumer electronics, medical devices, and aerospace. Voice coil motors (VCMs) are electromechanical actuators that offer precise and fast linear motion control, making them ideal for a wide range of applications. These compact and efficient motors have gained popularity due to their ability to provide high acceleration, precise positioning, and quiet operation, making them suitable for diverse industrial and commercial uses.

One of the key trends shaping the Global Voice Coil Motor Market is the increasing demand for miniaturization and integration of components in various electronic devices. As consumer electronics continue to become smaller and more sophisticated, there is a growing need for compact and efficient actuators like voice coil motors to enable precise movement and control within limited space constraints. Additionally, advancements in manufacturing technologies are driving the development of smaller and lighter voice coil motors with improved performance characteristics, further fueling market growth.

The Global Voice Coil Motor Market can be segmented based on application, type, and end-user industry. In terms of application, VCMs find extensive use in autofocus mechanisms for cameras, optical image stabilization systems, medical devices such as surgical robots and lab automation equipment, and precision positioning systems in semiconductor manufacturing and aerospace applications. By type, VCMs can be classified into moving coil and moving magnet types, each offering unique advantages depending on the application requirements. End-user industries for voice coil motors include automotive, consumer electronics, healthcare, aerospace, and industrial automation.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Coil Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Voice Coil Motor Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Automation in Various Industries
        2. Growing Demand for Consumer Electronics
        3. Advancements in Automotive Technologies
      2. Restraints
        1. High Cost of Voice Coil Motors
        2. Limited Application Scope in Some Industries
        3. Intense Competition from Other Actuators
      3. Opportunities
        1. Expansion of Robotics and Automation Industry
        2. Rising Adoption of Haptics Technology
        3. Development of Miniature Voice Coil Motors
      4. PEST Analysis
        1. Political Analysis
        2. Economic Analysis
        3. Social Analysis
        4. Technological Analysis
      5. Porter's Analysis
        1. Bargaining Power of Suppliers
        2. Bargaining Power of Buyers
        3. Threat of Substitutes
        4. Threat of New Entrants
        5. Competitve Rivalry
  5. Market Segmentation
    1. Global Voice Coil Motor Market, By Type, 2021 - 2031 (USD Million)
      1. Linear Voice Coil Motor
      2. Rotary Voice Coil Motor
    2. Global Voice Coil Motor Market, By Coil Type, 2021 - 2031 (USD Million)
      1. Overhung Coil
      2. Underhung Coil
    3. Global Voice Coil Motor Market, By Application, 2021 - 2031 (USD Million)
      1. Shaker
      2. Lens Focus
      3. Servo Valve
      4. Speaker
      5. Positioning Stage
      6. Others
    4. Global Voice Coil Motor Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Physik Instrumente
      2. H2W Technologies
      3. Sensata Technologies
      4. Motion Control Products Ltd.
      5. Motran Industries Inc.
      6. Dura Magnetics
      7. Dat Cam Automation
      8. MotiCont
      9. SMAC Corporation
      10. Equipment Solutions.
  7. Analyst Views
  8. Future Outlook of the Market