Voice Coil Motor Market

By Type;

Linear Voice Coil Motor and Rotary Voice Coil Motor

By Coil Type;

Overhung Coil and Underhung Coil

By Functionality;

Autofocus (AF) and Optical Image Stabilization (OIS)

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: August, 2025 Updated Date: September, 2025

Voice Coil Motor Market Overview

Voice Coil Motor Market (USD Million)

Voice Coil Motor Market was valued at USD 1,932.78 million in the year 2024. 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%.


Voice Coil Motor Market

*Market size in USD million

CAGR 6.7 %


Study Period2025 - 2031
Base Year2024
CAGR (%)6.7 %
Market Size (2024)USD 1,932.78 Million
Market Size (2031)USD 3,043.22 Million
Market ConcentrationMedium
Report Pages386
1,932.78
2024
3,043.22
2031

Major Players

  • Physik Instrumente
  • H2W Technologies
  • Sensata Technologies
  • Motion Control Products Ltd.
  • Motran Industries Inc.
  • Dura Magnetics
  • Dat Cam Automation
  • MotiCont
  • SMAC Corporation
  • Equipment Solutions.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Voice Coil Motor Market

Fragmented - Highly competitive market without dominant players


The Voice Coil Motor Market is gaining momentum as industries increasingly demand compact, efficient, and precise motion control solutions. Widely applied in smartphones, medical devices, robotics, and aerospace, these motors enable fast response and high accuracy. With nearly 45% share in consumer electronics, VCMs remain a core driver of revenue, supported by expanding digital ecosystems and miniaturized designs.

Growing Role in Consumer Electronics
The adoption of smartphones, cameras, and wearables has propelled the use of VCMs in autofocus and image stabilization functions. Currently, around 50% of smartphones integrate VCM-based autofocus mechanisms, showcasing their importance in enhancing image clarity and user experience. This makes consumer electronics the most dominant segment in the VCM landscape.

Expansion in Robotics and Automation
The demand for robotics and industrial automation has elevated the importance of VCMs in achieving precision positioning and smooth linear actuation. Nearly 30% of robotic systems utilize VCMs to ensure accuracy in movement and force control. Their integration not only enhances system efficiency but also boosts innovation in automation-driven industries.

Advancements in Medical Applications
In healthcare, VCMs are increasingly used in surgical devices, diagnostic imaging, and laboratory equipment. Around 20% of advanced medical imaging systems now incorporate VCMs to deliver precise functionality. Their contribution to enhancing diagnostic accuracy and minimally invasive surgical procedures has strengthened their adoption in the medical device ecosystem.

  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 Functionality
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. 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. Voice Coil Motor Market, By Type, 2021 - 2031 (USD Million)
      1. Linear Voice Coil Motor
      2. Rotary Voice Coil Motor
    2. Voice Coil Motor Market, By Coil Type, 2021 - 2031 (USD Million)
      1. Overhung Coil
      2. Underhung Coil
    3. Voice Coil Motor Market, By Functionality, 2021 - 2031 (USD Million)
      1. Autofocus (AF)
      2. Optical Image Stabilization (OIS)
    4. 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
    5. 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