Insights on the Linear Vibration Motor Global Market to 2027 - Featuring Nidec, AAC Technologies and Samsung Among Others - ResearchAndMarkets.com
The global linear vibration motor market was valued at USD 1,397.8 Million in 2020 and is projected to reach USD 2,498.0 Million by the year 2027.
- The global linear vibration motor market was valued at USD 1,397.8 Million in 2020 and is projected to reach USD 2,498.0 Million by the year 2027.
- Linear vibration motors or linear resonant actuators are precision vibration motors that can produce an oscillating force across a single axis.
- The increasing adoption of smartphones and high demand for game devices is expected to boost the market growth.
- However, the low-cost alternative of eccentric rotating mass (ERM) vibration motor is anticipated to hinder the market growth.