Overview of Global Vibration Motors Market: Size, Trends, Share and Growth Forecast till 2026

Posted on 2018-06-11 by Mark Hub in Automotive // 0 Comments

ROCKVILLE, US, 2018-Jun-11 — /EPR Network/ — Vibration Motors Market: Consumer Electronic Industry to Offer Lucrative Growth Opportunity

Growing need to indicate notifications regarding received signals, and completion or beginning of a process in range of devices and machines has led to surge in demand for vibration motors. Vibration motors are a compact size coreless DC motor, which have been used in various electronic devices including smartphones, automotive engine, scanners, and GPS trackers. In order to add value to the devices and gain a competitive edge over the other market players, the leading companies in the electronic industry are focusing on offering medical devices equipped with vibration motors to indicate the healthcare professionals and patients regarding the completion or beginning of treatment process.

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Ongoing advancements in technology continues to offer innovative solution for enhanced production of electronic products to the manufacturers. Integration of the vibration motors indicate the end users of important notifications in time-bound situations such as receiving the OTP notifications for confirming bookings and making payments. As making payments through smartphones has been a recent trend witnessed among customers, retailers are increasingly offering transaction solutions through e-payment applications such as PayTM and digital wallets. Vibration motors also help in notifying the end users regarding payment notifications on the smartphone devices. This helps the end user to remain updated with the transaction processes. With the integration of the vibration motors in range of electronic devices, the end users do not need to keep accessing their devices for updates and notifications.

US$ 10 Bn Opportunity in Global Vibration Motors Market

According to a research report by Fact.MR, the global motors market is likely to reach a value of around US$ 10 Bn by the end of 2026. Consumer electronics industry will continue to account for a significant percentage of demand globally. Besides electronic products, the vibration motors is also used in the industrial handheld equipment such as scanners. In order to ensure uninterrupted performance, manufacturers are focusing on integrating weatherproof and waterproof attributed in the vibration motors. In addition, manufacturers are increasingly integrating range of electronic products with brushed coin motors attributed to the versatility in various applications. Brushed coin motors are likely to remain lucrative among the other vibration motor products attributed to its low prices. As these motors are compact and comprise no moving components, sales in the electronic industry is likely to remain high.

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Although application of the vibration motors in the consumer electronic industry will continue to remain high, demand in the medical applications is likely to remain low. As demand for vibrating motors with robust power supply, constant torque, and speed remains high, manufacturers are opting to incorporate DC motors in the electronic products. In terms of revenue, DC motors are likely to account for a major share in the global market. However, the AC motors will continue to reflect the fastest growth in the global motors market throughout 2026. On the basis of voltage rating, above 2 V voltage rating of the vibration motors is projected to generate significant revenues in the global market. On the other hand, less than 1.5 V voltage rating will continue to witness the fastest expansion in sales.

Major market players operating in the global vibration motors market include Mitsuba, Denso, Yaskawa, Mabuchi, Nidec Corporation, LG Innotek, Mabuchi, Fimec Motor, Sinano, and Shanbo Motor.

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Automotive Market Reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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