The Market Reports

Synopsis
The global market for Voice Coil Motor (VCM) was estimated to be worth US$ 4065 million in 2024 and is forecast to a readjusted size of US$ 6077 million by 2031 with a CAGR of 5.8% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Voice Coil Motor (VCM) cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Voice Coil Motor (VCM) is an electronic component that adjusts focus by moving multiple lens holders according to the change in current via magnets and a coil built into the component.
Voice Coil Montor working principle is that in a permanent magnetic field, the stretching position of the spring is controlled by changing the DC current of the coil in the motor, thereby driving the lens up and down movement.
Main driving factors
The trend of multi-camera in smartphones: Triple and quadruple rear cameras have become standard features on high-end models. The average number of cameras equipped on each smartphone has increased from 2.5 in 2019 to 3.4 in 2024. The popularization of 5G mobile phones and 50-megapixel cameras has driven up the performance demand for VCM voice coil motors.
Direction of technological upgrade
Material innovation: High magnetic energy product magnets (such as N54 grade neodymium iron boron) and low resistivity copper wires (OFC material) are adopted to enhance performance.
Structural optimization: Innovative solutions such as liquid VCM achieve contactless drive through magnetohydrodynamic suspension technology (laboratory stage).
Advancements in driver chips: Open-loop, closed-loop, and OIS optical image stabilization motor driver chip technologies continue to upgrade.
The competitive landscape of the industrial chain
The market share of domestic manufacturers rose from 40% in 2019 to 49% in 2020, gradually challenging the dominant position of foreign capital.
In the upstream materials sector, high-nickel tin-containing copper alloys such as MX215, C-17200 and C-19900 from Mitsubishi of Japan remain the mainstream choices.
International semiconductor giants (such as Texas Instruments and Renesas Electronics) dominate the driver chip market, but Chinese enterprises have demonstrated competitiveness in niche fields.
This report aims to provide a comprehensive presentation of the global market for Voice Coil Motor (VCM), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Voice Coil Motor (VCM) by region & country, by Type, and by Application.
The Voice Coil Motor (VCM) market size, estimations, and forecasts are provided in terms of sales volume (M Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Voice Coil Motor (VCM).
Market Segmentation
By Company
ALPS ALPINE
Mitsumi
TDK
JAHWA
SEMCO
Hozel
ZET
New Shicoh Motor
Shanghai B.L Electronics
Sanmeida Optical Technology
Hysonic
LG Innotek
Segment by Type
AF
AF+OIS
Others
Segment by Application
＜5M
5M-8M
9M-12M
13M-16M
16M-30M
＞30M
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Voice Coil Motor (VCM) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Voice Coil Motor (VCM) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Voice Coil Motor (VCM) in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index