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The global Linear Vibration Motor Market is estimated to witness a rise in revenue from US$ 1,469.7 Mn in 2021 to US$ 2,498.0 Mn by 2027. The market is registering growth at a CAGR of 9.2% during the forecast period 2022-2027. In terms of volume, the is registering a CAGR of 8.0% during the forecast period. Linear vibration motors are becoming more popular for haptic applications. They are an alternative to eccentric rotating mass vibration motors and have several distinct advantages. They are used in many handheld and touchscreen devices, amongst other applications as they have better haptic performance characteristics and are more efficient.
A linear resonant actuator (LRA) is a vibration motor that produces an oscillating force across a single axis. These actuators consist of a magnetic coil that pushes a mass up and down to create vibrations, enhanced by a spring. In a moving coil design, the coil moves and the magnet is fixed, such as an audio speaker. In a moving magnet design, the magnet moves, and the coil is fixed. These linear vibration motors are supplied with an internal shaft supported by magnets. In iron-core linear vibration motors, the core of the coil unit consists of iron. The iron maximizes the magnetic forces and contributes to a high force density and high thermal stability.
The increasing adoption of smart wearables is expected to boost market growth. Advancements in research are driving the demand for the wearable market and led to new product categories like smart fabrics and wearables, among others which incorporate high-end technology and design in daily living. Owing to the boom in the fitness trend across consumers, wearables have gained significant traction. The smart wearables include a linear vibration motor as a key component ranging from a smartwatch, smart band, and VR headsets. Moreover, the rising health concern and integration of smartphone features in smart wearables is further escalating the adoption rate of smart wearables across the globe. Moreover, linear vibration motors can be used in central control devices and they can be used as a safety measure in steering wheels also.
However, the low cost of alternative eccentric rotating mass (ERM) vibration motor is anticipated to hinder the market growth. Eccentric Rotating Mass (ERM) Vibration Motor is one of the major substitutes of linear vibration motor in the consumer electronics industry due to its low cost and is often praised by the consumer electronics manufacturers. Moreover, the lack of awareness regarding the advantageous characteristics of linear vibration motors in underdeveloped and emerging economies is further leading to declining in the sales of linear vibration motors across the globe.
The study of the global linear vibration motor market considers various market determinants, industry value chain analysis, and competitor analysis of the market. The report discusses the analysis of the linear vibration motor industry for the period 2017-2027, where the base year is 2021 and the forecast period is 2022-2027. The report provides a detailed analysis of the Global Linear Vibration Motor Market across 13 Chapters and 152 pages. The report includes data presentation across 36 tables and 52 statistical figures.
The report provides PESTLE analysis, which is a tool to examine the external market environment factors that have an impact on the industry. The PESTLE analysis examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Thus, sufficiently examining the threats and weaknesses of the industry. The research report also provides Porter’s five forces analysis wherein the bargaining power of buyers and competitive rivalry is high.
The subsequent section provides details of the market analysis based on different segments such as product type, applications, and region. The report includes a detailed study of the value chain of the industry. It includes raw material producers, linear vibration motor manufacturers, and distributors. The report also covers extensively the key competitors in the market for linear vibration motor market.
Key Takeaways from the Global Linear Vibration Motor Market Report
The key players in the global linear vibration motor market are Nidec Corporation, AAC Technologies, Samsung, KOTL, Sanyo, DMEGC, JAHWA, Jinlong – KOTL, NPF Motor, and Baolong Electronic Groups among others. Global linear vibration motor market highly competitive in order to increase their presence in the marketplace. Through extensive research, it is found that big players have adopted various competitive strategies such as product development and collaboration in order to have a grip in the stabilized global market scenarios. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.
Global Linear Vibration Motor Market is segmented based on product type, applications, and region. The industry trends in the global linear vibration motor market are sub-divided into different categories in order to get a holistic view of the marketplace.
Following are the different segments of the Global Linear Vibration Motor Market:
By Product Type segment of the Global Linear Vibration Motor Market is sub-segmented into:
By Applications segment of the Global Linear Vibration Motor Market is sub-segmented into:
By Region segment of the Global Linear Vibration Motor Market is sub-segmented into:
|Market Size Value in 2021||US$ 1,469.7 Mn|
|Expected Revenue in 2027||US$ 2,498.0 Mn|
|Unit||Value (USD Mn)|
|Segments covered||Product type, applications, and region|
|Key Companies||Nidec Corporation, AAC technologies, Samsung, KOTL, Sanyo, DMEGC, and other prominent players.|
|Customization Scope||Get your customized report as per your preference. Ask for customization|
Linear vibration motors or linear resonant actuators are precision vibration motors that can produce an oscillating force across a single axis.
Linear vibration motors can be used in a wide range of products such as cellphones, loudspeakers, game devices, and GPS among others.
Global Linear Vibration Motors Market was valued at US$ 1,469.7 Mn in 2021.
Global Linear Vibration Motors Market is estimated to witness a CAGR of 9.2% over the forecast period 2022-2027.
The growing impetus of the Global Linear Vibration Motors Market is attributed to continuous growth in the adoption of smart wearables.
Potential application of linear vibration motors in automotive is an emerging opportunity in the Global Linear Vibration Motors Market.
Eccentric Rotating Mass (ERM) Vibration Motor is one of the major substitutes of linear vibration motor in the consumer electronics industry due to its low cost, thus challenging the market growth of linear vibration motors.
Moving-magnetic type of linear vibration motors have the highest market share in 2021.
Cellphones have the highest application in the linear vibration motor market.
Asia Pacific dominates the global linear vibration motor market.
The key players in the global linear vibration market are key players that include, Samsung, Nidec Corporation, DMEGC, Sanyo, AAC Technologies, KOTL, and JAHWA among others.