Vibration Motors Market Assessment & Growth Forecast Examined During 2017-2026

Posted on 2019-10-07 by Mark Hub in Automotive // 0 Comments

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The global vibration motors market is likely to grow at a double-digit CAGR and reach nearly US$ 10 Bn in revenues by the end of forecast period 2017-2026. According to the report, demand for vibration motors is increasing on account of its wide-ranging applications in various end-use industries. The report offers market forecast and analysis on the global vibration motors market, giving users comprehensive insights and analysis on the key factors that are likely to fuel the growth of the market during the assessment period.

In a bid to give users, detailed insights and analysis on the global vibration motors market, the report has segmented the market on the basis of region, product type, application, motor type, and voltage rating.

On the basis of region, the report offers market forecast and analysis in North America, Latin America, Europe, Japan, Asia Pacific excluding Japan (APEJ), and Middle East & Africa (MEA). According to the report, APEJ remains one of the leading markets for vibration motors globally, and is likely to offer numerous growth opportunities to players during the forecast period. The market in Middle East & Africa (MEA) is likely to witness a robust CAGR, albeit it will grow from a small base. The market in North America is likely to offer a host of opportunities to global players, with US remaining at the forefront of demand.

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On the basis of product type, the market has been segmented into eccentric rotating mass, encapsulated, brushed coin, PCB mounted, brushless coin, linear resonant actuators, and encapsulated. Brushed coin motors are likely to be one of the most lucrative product type segments. Demand is also likely to remain lucrative in brushless coin motors, although the revenues are not likely to be as formidable as brushed coin motors.

Demand for vibration motors is likely to remain strong in the consumer electronics industry, which accounts for a high percentage of demand for vibration motors globally. Vibration motors are used in a wide range of gadgets and products in the consumer electronics industry, on account of which, demand is likely to remain significant during the forecast period. In addition to consumer electronics, demand for vibration motors is also likely to grow on account of rising applications in industrial handheld tools.

The report also offers detailed segmentation on the basis of motor type, with DC motors likely to account for a high percentage of sales during the forecast period. On the other hand, sales of AC motors are likely to grow at a high CAGR during the forecast period.

On the basis of voltage rating, the market has been segmented into ‘less than 1.5 V, 1.5 V to 2 V, and above 2 V. Among these, demand for 2 V is likely to remain significant during the forecast period, and account for a high revenue share. According to the report, the 2 V segment is likely to surpass US$ 4.5 Bn in revenues by the end of 2026.

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Market Taxonomy

Region	Product Type	Application	Motor Type	Voltage Rating
North America	Eccentric Rotating Mass	Consumer Electronics	AC Motor	Less than 1.5 V
Latin America	Brushed Coin	Industrial Handheld Tools or Equipment	DC Motor	1.5 V – 2 V
Europe	Brushless Coin	Medical Applications		Above 2 V
Japan	PCB Mounted	Others
Asia-Pacific excluding Japan (APEJ)	Linear Resonant Actuators
Middle East & Africa (MEA)	Encapsulated

Brushed Coin Motors to Remain the Most Lucrative Among Products in the Market

Brushed coin motors are expected to remain the most lucrative among products in the market, on the back of their versatility in applications, as they are compact and comprise no moving parts. In addition, sales of brushed coin motors and brushless coin motors are projected to register a parallel expansion, although the latter is estimated to account for relatively lower revenues throughout the forecast period.

In terms of revenues, Asia-Pacific excluding Japan (APEJ) is anticipated to remain the largest market for vibration motors, followed by Europe and Japan. However, the market in Middle East & Africa is projected to register the highest CAGR through 2026. North America will also remain a lucrative region for growth of the vibration motors market, although projected to register a relatively lower CAGR through 2026.

Consumer Electronics to Remain Dominant among Applications of Vibration Motors

Although consumer electronics is expected to remain dominant among applications of vibration motors, sales will witness the fastest expansion for application in industrial handheld tools or equipment through 2026. Medical applications of vibration motors will account for the smallest revenue share of the market over the forecast period.

Based on motor type, sales of DC motors are projected to account for the largest revenues share of the market in 2017. Demand for DC motors will further witness an upsurge by 2026-end. Sales of AC motors are estimated to reflect a high double-digit CAGR through 2026.

Above 2 V voltage rating of vibration motors will remain sought-after in the market, with sales estimated to reach approximately US$ 4,500 Mn in revenues by 2026-end. Between less than 1.5 V and 1.5 V – 2 V voltage ratings of vibration motors, the former will exhibit a comparatively faster expansion in sales, whereas the latter will account for a larger revenue share of the market during 2017 to 2026.

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Competition Tracking

Fact.MR’s report has identified key participants contributing to expansion of the global vibration motors market, which include Nidec Corporation, Fimec Motor, Denso, Yaskawa, Mabuchi, Shanbo Motor, Mitsuba, Asmo, LG Innotek, and Sinano.

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research 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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