Linear Vibration Motor Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Market Scenario 

Global linear vibration motor market is estimated to witness a rise in revenue from US$ 1,590.4 million in 2022 to US$ 3,511.64 million by 2031. The market is registering a growth at a CAGR of 9.2% during the forecast period 2023–2031. In terms of volume, the market is registering a CAGR of 8.0% over the same period. 

Linear vibration motor market is becoming increasingly popular for haptic applications due to their superior performance and efficiency compared to eccentric rotating mass vibration motors. These motors use a magnetic coil to produce oscillating forces across a single axis, which is enhanced by a spring. They are commonly used in handheld and touchscreen devices and are supplied with an internal shaft supported by magnets. Iron-core linear vibration motors are also available, which use an iron core to maximize magnetic forces, resulting in high force density and thermal stability.

The linear vibration motor market is expected to grow due to the increasing adoption of smart wearables. The rise in research and development in the wearable market has led to new product categories like smart fabrics and wearables that incorporate high-end technology and design. The fitness trend among consumers has also contributed to the growth of wearables, which often use linear vibration motors as a key component. Additionally, linear vibration motors can be used in central control devices and as a safety measure in steering wheels.

However, the low cost of eccentric rotating mass vibration motors is a major obstacle to the growth of the linear vibration motor market. Eccentric rotating mass vibration motors are often preferred by consumer electronics manufacturers due to their affordability. Furthermore, the lack of awareness about the benefits of linear vibration motors in underdeveloped and emerging economies has resulted in a decline in sales of these motors. Despite these challenges, the demand for linear vibration motors is expected to continue to increase in the coming years, especially in the smart wearable market.

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Market Dynamics 

Increasing Demand for Smart Wearable Devices 

The demand for smart wearables is being driven by several factors, including the growing health consciousness among consumers, increasing technological advancements, and changing consumer preferences for convenient and easily accessible devices. The adoption of smart wearables has been particularly strong among millennials and Gen Z consumers, who are increasingly relying on these devices to track their fitness levels and monitor their overall health in the global linear vibration motor market.

Moreover, the incorporation of smartphone features in smart wearables has further escalated the adoption rate of these devices across the globe. The increasing availability of affordable and high-quality smart wearables has also helped to fuel the market growth.

With the increasing popularity of smart wearables, linear vibration motors have become a key component in these devices. These motors provide users with haptic feedback, which helps to enhance their overall user experience. The use of linear vibration motors in smartwatches, fitness bands, and VR headsets has become more common, as they are more efficient and provide better haptic performance characteristics compared to eccentric rotating mass vibration motors.

As the demand for smart wearables continues to grow, the linear vibration motor market is expected to witness significant growth in the coming years. Manufacturers of linear vibration motors are investing heavily in research and development activities to develop more efficient and advanced products to meet the increasing demand from the market.

Better Haptic Performance Characteristics

Linear vibration motors are becoming increasingly popular for haptic applications due to their better haptic performance characteristics compared to their counterparts. When compared to eccentric rotating mass (ERM) vibration motors, linear vibration motors offer several distinct advantages. Linear resonant actuators (LRAs) are known for producing an oscillating force across a single axis, which results in higher vibration frequency and lower energy consumption compared to ERM motors. Additionally, LRAs are known for their better frequency response and higher acceleration, making them more efficient.

Furthermore, linear vibration motor market is majorly driven by its large scale application across many handheld and touchscreen devices such as smartphones, tablets, and gaming controllers, among others. The ability to provide precise and subtle tactile feedback to the user enhances the overall user experience, leading to higher customer satisfaction and brand loyalty. In addition to consumer electronics, linear vibration motors are also used in industrial applications, such as robotics, automation, and machine tools.

Restraints 

Low Cost of ERM Vibration Motors

The cost of components is a critical factor that influences the purchasing decisions of consumer electronics manufacturers. ERM vibration motors are cheaper than linear vibration motors, making them a popular alternative in price-sensitive linear vibration motor market. As a result, the market for linear vibration motors faces significant competition from ERM vibration motors, which is expected to hinder the growth of the linear vibration motors market.

Although the low cost of ERM vibration motors is a significant challenge for linear vibration motor manufacturers, there are certain drawbacks associated with ERM vibration motors that limit their adoption. For instance, ERM vibration motors have limited vibration amplitude and frequency range, which can affect the haptic experience of users. Linear vibration motors, on the other hand, offer better performance characteristics, including higher force output and a wider frequency range, making them ideal for advanced haptic applications.

Lack of Awareness in Emerging Economies

In emerging economies, the adoption of new technologies is often limited by the lack of awareness about their benefits. Many consumers and manufacturers in the linear vibration motor market are unaware of the advantageous characteristics of linear vibration motors and the value they can bring to their devices. The lack of awareness and knowledge regarding linear vibration motors is a significant challenge for manufacturers operating in these regions, as they struggle to increase the adoption of their products.

To address this issue, manufacturers need to invest in targeted marketing campaigns and educational programs to increase awareness and knowledge about linear vibration motors. They can also partner with local distributors and resellers to penetrate the market more effectively. Moreover, manufacturers can collaborate with local governments and organizations to conduct workshops and training programs to promote the use of advanced technologies such as linear vibration motors.

Segmental Analysis of the Global Linear Vibration Motor Market Report 

By Product Type:

By type, linear vibration motor market is categorized into three types- moving-coil, moving-magnet, and others. The moving-magnet segment is estimated to have the highest market share in 2022 and exhibits the fastest CAGR of 9.7% during the forecast period. The moving-magnet type linear vibration motor is primarily used in consumer electronics such as smartphones, fitness trackers, and gaming controllers, compared to other types of linear vibration motors, as it maximizes performance. Therefore, the market players are continuously expanding their product portfolio in the moving-magnet type linear vibration motor, which, in turn, further drives the market during the forecast period.

By Application:

On the basis of applications, the cellphones segment contributed to the major share in the global linear vibration motor market in 2022 owing to the penetration rate of cellphones, especially smartphones, which is considerably high across the globe. The other applications segment is expected to project the fastest CAGR in the global linear vibration motor market due to the rising deployment of linear vibration motors in autonomous vehicles and high adoption rate of smart wearables. Linear vibration motors are also used in medical equipment, haptic feedback devices, and touchscreens.

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Regional Analysis 

Asia Pacific held the major share in terms of revenue in the global linear vibration motor market in 2022 and also projects the highest CAGR during the forecast period. In Asia Pacific, China dominates the global electronics industry as the number of leading consumer electronics manufacturers have their consumer electronic device assembly plants in China, backed by the lower labor cost and low cost of components. Moreover, the increasing demand for consumer electronics in emerging economies such as India and South Korea is also fueling the growth of the linear vibration motor market in the region. North America and Europe are expected to witness significant growth in the market due to the increasing adoption of smart wearables and autonomous vehicles.

 In Asia Pacific, apart from China, countries such as Japan, South Korea, and India are also contributing significantly to the growth of the linear vibration motor market. Japan is a hub for automotive manufacturers, and the increasing adoption of linear vibration motors in automotive applications is driving the market growth in the region. South Korea, on the other hand, has emerged as a major hub for the production of consumer electronics and is witnessing significant growth in the adoption of smart wearables, thereby fueling the demand for linear vibration motors.

In India, the increasing adoption of smartphones and the growing trend of e-commerce is driving the demand for linear vibration motors. Furthermore, the Indian government's initiatives such as the Make in India campaign and the National Policy on Electronics are encouraging the establishment of electronics manufacturing plants in the country, which is further driving the growth of the linear vibration motor market.

North America and Europe are expected to witness significant growth in the market due to the increasing adoption of smart wearables and autonomous vehicles. The automotive industry in North America is adopting advanced technologies, such as haptic feedback systems, which are driving the demand for linear vibration motors. In Europe, the demand for linear vibration motors is expected to grow significantly due to the increasing adoption of smart wearables and the growth of the automotive industry. Moreover, the presence of major players in the region such as Siemens AG, Nidec Corporation, and Johnson Electric Holdings Limited is further fueling the growth of the linear vibration motor market.

List of Key Companies Profiled:

• Samsung
• Nidec Corporation
• DMEGC
• Sanyo
• AAC Technologies
• KOTL - Jinlong Machinery & Electronics Co., Ltd
• NPF Motor
• Baolong Electronic Groups
• JAHWA
• Other Prominent Players

Segmentation Overview 

Global Linear Vibration Motor Market is segmented based on product type, applications and region. 

By Product Type: 

• Moving-Magnet Type
• Moving-Iron Type
• Moving-Coil Type

By Application: 

• Cellphones
• Loudspeaker
• Game Device
• Others

By Region: 

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Poland
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • Southeast Asia
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Israel
  • Turkey
  • Egypt
  • Rest of MEA
• South America
  • Argentina
  • Brazil
  • Rest of South America