The worldwide vibration motor market is expected to be worth USD 6.5 billion in 2022 and USD 24.1 billion by 2032, increasing at a 14.1% CAGR between 2022 and 2032.
According to Fact.MR, the vibration motor industry will account for around 6% of the worldwide motors market in 2021. Vibration motors are tiny coreless DC motors used to notify consumers about any alerts linked with a component or an equipment by transmitting vibrating, no sound signals.
The main feature of vibration motors is their magnet coreless DC motors, which give these motors persistent magnetic qualities. There are several types of vibration motors on the market, including encapsulated, linear resonant actuators, PCB mounted, brushless coin, brushed coin, and eccentric rotating mass.
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Global Vibration Motor Market Segments
- By Product Type :
- Eccentric Rotating Mass
- Brushed Coin
- Brushless Coin
- PCB Mounted
- Linear Resonant Actuators
- By Application :
- Consumer Electronics
- Industrial Handheld Tools or Equipment
- Medical Applications
- By Motor Type :
- AC Motor
- DC Motor
- By Voltage Rating :
- Less than 1.5 V
- 1.5 V – 2 V
- Above 2 V
- By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
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Competitive Landscape: Top Companies in Vibration Motor Market
The global vibration motor market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced vibration motor.
Fact.MR has provided detailed information about price points of top manufacturers of vibration motor positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
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How East Asia is projected to Witness Largest Share for Market of Vibration Motor during the Forecast Period?
The existence of robust supply chain networks of vibration motor manufacturers in this area is predicted to deliver highest absolute $ potential to its producers in the East Asia vibration motor industry.
In order to achieve a competitive advantage, active participants in the vibration motors market in China are also focusing on new product breakthroughs and product line extensions.
Because of the existence of multiple regional and worldwide providers, the China market for vibration motors is extremely concentrated and competitive. The fundamental goal of companies in the East Asian vibration motors market is to improve their technological competence, which will allow them to increase their product range and maintain their market competitiveness.
Taking into account the aforementioned factors, the China vibration motor market is estimated to be worth USD 1.1 billion in 2022 and is expected to exceed a market valuation of USD 4.4 billion by the end of 2032, growing at an exciting rate of 12.4% during the forecast period.
Furthermore, the East Asia vibration motor market is expected to surpass USD 7.5 billion in 2032, with China and Japan accounting for 75% of the market during the same year.